does it smoke really bad when you start it up, or only when you hit the gas?

if it smokes when you start it up... then goes away its valve seals..

if its when you hit the gas... its rings...

 

mine has the exact same problem. I replaced my Valve seals with ones from Toga Racing. They are great for High RPM aplications. But it still smoke when I hit the gas, more so ON high RPM's and when I rev up. IT burns me up cuz it is so embarrasing. Along with my valves ticking.

 

my car does not smoke, but the one spark plug is a little oily..