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Yesterday morning, as I scrolled through all the latest headlines — as I do every morning — I saw the news that Baidu.com’s (Nasdaq: BIDU) CFO died, so I quickly reported on my blog what I think it means for the stock. And, I got some hits and some respect on the message boards, but it wasn’t anything bigtime.

Today, no less than “major news sources” have written nice little summaries of this news here , here and here.

Only a day late guys! And, notice that none of them warn investors that this will probably be quite detrimental to BIDU’s stock on Monday. So now several message boards are linking to my little blog post “because I broke the news”. And I’ve been contacted by a few other “news sources” looking for quotes they can use. LOL — what a complete joke!

I mean, c’mon, it’s the weekend — a holiday weekend no less — so this isn’t that big a deal, but it just goes to show you that hard work and dedication prevails over those who are lazy and don’t want the prize as badly as you do.

Understand this: I never intended my blog “to break news”, but it’s a sad commentary on the financial media industry (and our holiday loving society) that somebody like me can beat the big boys at their own game by nearly 24 hours. The truth is that this industry (along with most industries) is filled with those who only care about their paychecks — they don’t enjoy what they do and they definitely don’t care if others are better than they are. Long story short, they’re not going to work as hard as those who do care and this is why they’ll never get ahead.

TIM Lesson: The future belongs to those willing to work hard.

Posted in Rants, TIM Lessons

  • http://www.test.timothysykes.com/2008/05/01/tim-6-month-review-earn-47-while-the-markets-drop-10-investopedia-should-revise-their-factually-inaccurate-dictionary/ TIM 6 Month Review: Earn 47% While The Markets Drop 10% | TIM – Timothy Sykes

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  • http://www.xof711.com xof711

    Tim the straight talk!

  • Getshorty

    Went home with that last girl, hope don’t get an std………

  • Getshorty

    std as in squeezed to death

  • jordano44

    Any buy recommendation Tim?

  • Getshorty

    Yes, he’ll recommend you to buy his dvd.. hahahha

  • jordano44

    Funny. I don’t short cause I’m new in the game…looking to buy and sell.

  • http://www.test.timothysykes.com timothysykes

    no buys, i only buy true breakouts/massive hype, neither of which are present…take time to have a life now, u’ll be thankful when it gets busy again

  • jordano44

    Thanks Tim. Holding NEXM and HYGS on rumors and value. NEXM set to go up on speculation either way. HYGS may get bought out by GE and with Buffett’s insertion of money it could be a good play.

    Would appreciate insight.

  • Getshorty

    Hi Tim, have you ever tried Muddy’s methods? Not for your alerts, but for personal trading? Seems to making truckloads from these days volatility, it takes time and effort to follow him, and be glued to the sceen for sure.

  • Getshorty

    I think I’ll take tomorrow and Friday off, will clse my 500 shares RZ and 300 EFJI early morning.

    THat’s unless I can get shares of SRWY tomorrow.

    Jordano, TIm is really good at what he does, shorting hyped stocks, and the covestor leader by doing it, if you are looking for going long methods, look for people who has exceled at that, but be sure to get their track verified, don’t fall for the calls people brag about, cause they don’t mention the ones they got wrong.

    Tim, on the other hand documents every trade and is even proud to show when he was wrong to show the importance of cutting your losses fast.

    trustworthy long advice and method, but very, VERY time consuming is given by Muddy’s. A trader that nails it over and over again, but way more difficult to follow, since he plays lots of positions, is not bounded by the PDT rule and is lightning fast playing all this. He shares at http://www.greenonthesceen.blogspot.com

    Give Ceasar what belong to Ceasar, ask your electricist four electric stuff and your plumber for plumbing stuff. Ask TIm about shorting volatile penny stocks and he’ll get it right.

  • Getshorty

    link was wrong, it is greenonthescreen.blogspot.com

  • jordano44

    Thank you! I will stick with Tim and check the link.

  • Bentley

    Any thoughts on BRCO or CHFI? I know you’ve spoken about CHFI last month, but it’s breaking out even higher now and looks to be a little much.

    BRCO announced some news about taking a stake in a new mining project that’s got “huge potential”. Sounds like a PR pump to me. Thoughts?

  • impliedvolatility

    Timmay-

    There was an alarming amount of arresting alliteration in this A.M.’s email subject line. You should see a prominent physician pronto/PDQ/post haste so that he might prescribe a potent potion to…uh oh…

  • Reaper

    LOL Tim.

  • YoungGunz

    Have some RZ reserved. Hope it doesn’t die right out of the gate. Hard to tell how things are going to play with the bailout news from the senate. other world markets didn’t seem to respond to the news much.

  • Attack987

    This is the single best article I have seen that skewers the SEC for extending the ban on short-selling.

    “Long on Stupidity, Short on Common Sense”
    http://www.cnbc.com/id/26964122

  • brad081

    Long on Fre @ 1.85 for a couple of days.Will close if it spike above 2.00.

  • Reaper

    Out RZ, didn’t like price action or spread, profit of $829, total TIMprofit over $41k.

  • Jackynyc

    RZ is having a hard to time to be above $8

  • Jackynyc

    shorted RZ at 7.95, yes!

  • http://www.test.timothysykes.com timothysykes

    nice on RZ guys, coulda woulda shoulda been more aggressive…gotta remember to be that way in bear markets as stocks just cant stay up for very long when the dow tanks 200 every day! 3 out of 4 stocks follow the market

  • http://www.test.timothysykes.com timothysykes

    CHFI and BRCO are just too illiquid for me

  • desai101

    Tim when r you going recommend any buy?

  • http://www.test.timothysykes.com timothysykes

    when something looks good to buy

  • Reaper

    ROMFLMAO.

  • Reaper

    I for one am happy to have a little down time … I’ve been doing some crazy trading these last two weeks.

  • Getshorty

    RZ is a bitch!

  • awgregory

    Tim, RZ has bounced and is moving sideways, market tanking. Stay short here? TOS level II not great but I keep seeing large bid orders from time to time. Is that for real?

  • Getshorty

    Got tired of that bitch (am long here), have put a tight limit stop, will let it be

  • awgregory

    Anyone available have any comments on RZ?

  • awgregory

    the large bid orders are gone now..wondering if someone is gaming it.

  • http://www.test.timothysykes.com timothysykes
  • Chance

    think RZ will continue to slide?