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Exposure Is Good, The SEC Are Rapists

Posted by Timothy Sykes on Sat 26th of Jan, 2008 02:44:28 PM

Lots of reactions to my WallStrip video, now working my way through 500+ emails, TheDisciplinedInvestors likes it (and I really like his book as a great overview for beginner investors), HighChartPatterns likes it, Muffie is a typical Wall Street snob/idiot, and New York Magazine is more interested in me calling the SEC rapists.

(I’m not whining, I just think it’s sad that due to all my exposure, I could raise $10mil easy now, but back when I was actually trying to, I couldn’t… startup hedge fund managers should be allowed to network/advertise freely because for every 1,000 people they talk to, maybe 10 will invest—for the four years I ran my pseudo-fund, I followed the prohibitive industry rules (okay not the last year) and talked to maybe 100 investors face-to-face (bagging 5 or so of them), very very sad/un-American, I’m not the only one who thinks this way, everyone else who’s running small funds just don’t want to go up against the mighty SEC and risk their futures so they keep silent, hence my comparison to rape victims, understand?) (oh yeah and there’s that little point that the SEC is raping individual investors, robbing them of their right to learn speculative hedge fund-type strategies and more importantly, learn from the experiences of those managers whose life’s work is to practice those strategies, hence the continued misperception of those perceptions)Fighting a nasty cold (my mom knew it would happen, thanks Sundance!) and coming up with a monster list of potential stocks to play next week, I’ll have them posted tomorrow. Nothing like losing $1,000 to get you overly motivated (gotta be careful after a big loss not to force an opportunity when one isn’t there)

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  • frayes
    well so much for that.. I didn't even get these notifications after adding those addresses under my comcast email.

    I also tried changing my account info here on timalerts to go to GMAIL but it didn't work. Nothing was in spam folders either..

    Thanks to that I am not renewing my subscription, PEACE!
  • Gertsomething
    I am glad I had no trades left but even if I did, I wouldn't have gotten in. And if I had, I wouldn't blame Tim.
  • Chance
    nice wilbr that is called making your own shots :)
  • wilbr
    I averaged down, and ended up on the day. I'm amazed actually. The stock came back pretty strong.
    I bought 1000 at 2.23, 1000 at 1.85 as it tanked, and then another 1000 at !.60.
    I tried to get another 1000 at 1.4, but it didn't happen.

    Now I'm ready for the bull run. I think I'll hang on to this for a few weeks and see if it goes up as fast as it went down. Cheers.
  • Best $900 I ever lost. Great entertainment. I will make it back though. Do yourselves a favor. Make your own list of rules to follow and read them everyday before trading.

    And add this rule... Don't buy a stock based on hype. Base it on the chart.

    Someone else mentioned downside was around 2.00... It was actually, if you all didn't panic. Oh well. Next time I see a sketchy trade, Im callin you out Tim!
  • joyce, your a dumb piece of crap, several subscribers beat me to the punch in selling, some even yesterday once they saw the ask barely budging...good riddens to u, u dont take the time to understand the strategy and yet u expect to profit from it...look as HSNI, EVC, RBCAA, OCCXD, APWR, all went waaaay further, just cuz u suck doesnt mean everyone else
  • jamesjoyce
    Tim Trades:
    Date Stock Buy Sell Net
    Oct 31 IDEA $2.18 $2.18 $20

    are you serious?? this does NOT apply to any trader following your calls, except you with a small size trade...

    average sold at 1.50 or even lower...

    had to realize most of your trades are not replicable, and your trades work because all the subscribers follow...
    so in fact there's no value in your calls for us...
    you should look at some guys account that follow your trades and (of course) can't get in and out at the same prices...
    their returns are way worse, mostly negative i guess...

    I cancelled my subscription already the day before yesterday.
    The 30$/month are better spent for a dinner or something else.
  • Getshorty
    Made some money, holding 300 shares of IDAE at an avearage of 1.72. THe pumping machine should go crazy over the weekend. Reminds me of weekend hold on Tim's book, but I would be able to sleep since it is only 300 shares
  • codyhof
    damn happy i stayed out, actually had an order in for 3k shares, realized it wasnt filling quick enough and canceled... dodged a bullet
  • YoungGunz
    haven't seen anyone blame him. just some that had their first tim alert trade go bad. I am glad I didn't get into this one. It didn't work out that well last time he tried to go long on this same company. Atleast it was a long play not a short one and you don't have people losing even more money than they put into the trade. Going long in this market is super risky and Tim said himself that this one is really really sketchy. I admit that I would have been in it too if I would have gotten my order filled into the close.
  • bassman52
    HEY TIM,

    THANX FOR THE FREE MONTH OF TIM ALERTS!!
  • AaronMariano
    i held on, im back at 2.00
  • PCola77
    Well, the bid ask is now 1.82 x 1.99, so I was right when I said I could probably sell for breakeven if I held, but I took the ~$4k loss because I didn't want to have the money tied up. Oh well. I played this one terribly.
  • Peter Piombo
    So, Tim ..... how is that SCAPEGOAT costume coming along for tonight? jus kiddin.... can we see the costume on livestock if someone picks it right?
  • be-the-ball
    yes, cmc
  • cmcgsc
    This is why it is important to throw your own analysis into some of the timalerts that are not very short term plays. Tim is a rock star at picking pumped up frauds and shorting them. The rhetoric behind this pick had a different sentiment to it and was eerily reminiscent of the "pumper emails" Tim despises.

    Buying a speculative penny stock during bear market rally is tough when the next catalyst might be a press release or platform release. Had some of you researched IDAE's big wig advisor, Joe Abram's, his current business plan is to put his pocket book, rolodex, and myspace success behind OTC stocks which give him a large portion of equity to be an "advisor" and usually has none of his own skin in the game. He usually is juggling 5 or more similar ventures at all times hoping one of them has a liquidation event for him such as a major market listing, buyout, merger, etc.

    I think Tim provides the Timalerts as a means to follow but his ultimate goal of all of this is to give you the tools for identifying opportunities and insight into the thought process that goes into each pick so that one day you will be able to do this on your own.
  • Peter Piombo
    I am not complaining or blaming anyone! Just commenting on the situation... it's Halloween MAN, it's supposed to be a scary day!
  • be-the-ball
    Screw these complainers who are blaming you for their losses.

    Be a man and take your loss. You pressed the buy button.

    If you did any homework on this site you would know this was not a normal risk/reward play.

    Reaper and a few others here posted that they took losses and left it at that.

    That's what traders/men do.

    Never/ever blame anyone else for your trading losses, you wussies! Your losses are yours!

    Tim, nice of you to apologize, but you shouldn't have to do so.
  • mayureshd
    finally got rid of it.
    Tim Trade 1 : +19.97
    Trade2 : - 281
  • edge84
    Just got out at $1.65, made a loss of $1160. A loss like that really hurts, but I am not that upset as I know ill be able to make it back in the next few weeks.
  • Peter Piombo
    I can't even afford a ticket to LIVESTOCK in a hour or so.... forget Vegas.... Guess I shouldn't have got in IDAE until I saw the dvd's
  • redwjamz
    HSNI short is countering some of my IDAE loss tho so Tim I'll only gut punch you 2 times.
  • i am glad some of u stayed out, gooood, i'm not gonna be right 100% of the time, thats the only guarantee i'll ever make
  • redwjamz
    Bought @ 2.20, Sold @ 1.60, lost about 180 bones, only put in like 650.
    Stop loss at 2.00, 1.90 would have saved me some bacon. This trade pretty
    much solidifies a losing week after 3 winning ones in a row =(.

    Some advice for TAlert non-chat subscribers:

    Email Sent at 9:51 AM, when stock was at 1.66 -- Forget these rinky-dink CAP
    stocks that get cornered by the people stalking chat, email entry/exit for these are usually too late, you will take a >5% penalty. Look for market cap above 200M, thats just ballpark. Think about it Tim prolly has like near 1k subscribers now, thats alot of weight in a dinky cap, you're going to get handicapped like hell if the stock is easily moved by 2 or 3 hundred people and you're last man in on the deal.
  • Chance
    I passed on this one, think fo yo self! Not talking smack Tim just saying that you are a person.
  • JohnG
    Damn Tim my first TIMAlert trade down $164
  • DeuceDavis
    The worst part for me, is I haven't been able to get in on the recent short alerts using Etrade . . . so I didn't get any of the profits from those to help counter . . . at least not this week . . . just this bad one . . . oh well, live for another trade!
  • PCola77
    For the record I decided to just cut my losses and free up capital for my regular trading. Lost ~$3,900 on this one. Coupled with the HSNI play from yesterday where I made $750, I am down ~$3,150 on TimAlerts since I startd them back up last week. My own fault, since I put too much $ in an illiquid stock, but I figured the downside was the ~$2 range that it had been trading in for 3 months. Boy was I wrong. Can't believe it went under a buck...
  • Attack987
    The gravestone doji on the 15 minute chart at the end of the day yesterday was also a clue of IDAE's potential drop.
  • Getshorty
    No Complains abouth HSNI which I reshorted this morning though
  • mayureshd
    this one is really illiquid....i kept marking down my sell orders ,none went through...current one is set @ 1.65...and this thing is stuck @ 1.50
  • djvenom
    This one hurt bad $500 loss
  • michaelangelo
    I did have my finger on the trigger.
    I could not get out.
    Tried at 2.10.
    Partial order filled at 2.00
    and the rest finally at 1.80.
    Your right though, cant win em all.
    But looking for my first win. :-))
  • ha i'll send out an alert each time i trade, no exceptions
  • yah definitely cant win em all and yes bdog, always have your finger on the exit button, i have trouble holding even when things are going right, forget about it when eveerything isnt picture perfect
  • Yeah, next time, don't send out an alert that you sold. Probably won't cause a panic.
  • bdog9seclx
    Always have your finger on the trigger
  • Getshorty
    What is now your success rate Tim? still 97% of the times right?

    You'll all make it back with 1 or 2 alerts.

    I missed the alert yesterday and was looking for an entry point, bought 200 at 1.80 on the way down, when I thought it will stop, and then 1.40 on the way back up. Will hold the 300 shares (avg entry of 1.72) to play out the weekend pump
  • vestor707
    Guys,

    This is where a great lesson can be learned. One of the reasons I like Tim is because of his time and discipline in the market. Tim never risks all of his capital in one stock. Tim alerts has a great track record and if you use any money management skills at all you should be able to wether this one just fine. Don't be greedy.
  • Attack987
    Good point Steven. I was absolutely amazed how the volume continued to tick up and up when the bid ask was 2.23 @ 2.24...and the ask price refused to budge. Some seller was just taking in all that the market was willing to buy.

    Given the pathetic volume in the first 5 mins, I could have almost guaranteed that the buying power was probably majority from Tim Alert subscribers and those who read his post on the main website last night.

    When they finished their fills, the market came down, and morning panic set in. When it took out 2.00, that was it, look out below.
  • Peter Piombo
    As Shleprock says..... a Woosy Woosy wow wow..... IDAE hasn't got me too syked right now
  • Steven
    ...Of course, I wouldn't really recommend buying any breakouts in this market. ..that's for bull markets. In this market, buy support or buy the panics and sell resistance...most of the breakouts are failing.
  • sommac
    we're all lemmings - lesson learned!
  • Steven
    Fuck this OTC shit ... soooo hard to get filled at good opportunities with no liquidity. Tried to get in when it went under a buck, but didn't get filled despite bidding at the ask. I prefer liquid stocks ... OTCs tend to annoy me...This TIMalerts thing is mostly for my intertainment!
    And Tim, stick with true breakouts! For example, ALTH today is a true, albeit weak, breakout. Hopefully everyone who traded with you on this one was up early this am and got out.
  • PCola77
    We should have all been clued in by how hard it was to fill, and knowing that when everyone tried to get out at once it would crash. If you look at the chart though, it's been over $2 since the end of June, so I think it'll get back up theer, whcih is probably it's correct value. Just depends if you are willing to hold until then. I added more during the crash, and think I should be able to get out at least close to break even, but we'll see.
  • yes attack, i did violate my own rules, but the rules are more guidelines...i thought it'd move up just as fast as it dropped so buying at the high wasnt an option...a decent trade, but bad since i'm trading with 700 subscribers on my back
  • wish i could take back this one, sorry guys, i'll focus on shorting from now on
  • DeuceDavis
    Yep . .. toasted . . . for $900.
  • Reaper
    Out $1500 I took my eyes off it for 3 minutes, And I don't give out until 1.65
  • michaelangelo
    Ouch, Not a good way to start.
    Bought at 2.23 last night.
    Out at an average of around 1.87.
    500.00 dollar loss on my first trade.
    It's gotta be 12:00 clock somewhere.
    I need a drink.
  • Attack987
    You violated your buying rules Tim. You learned this same lesson back in Febuary 2008 of this year. In your own words:

    "Lessons: Only buy new high breakouts, all these crap multi-day, intraday breakouts are riskier because their patterns aren
  • AaronMariano
    i held on and its back up to 1.63, still a huge .60$ loss
  • jb
    wow! down down 72 cents/share on Idae! on a lot of shares. Maybe I need to get the 2nd dvd.
  • bao_t2008
    NO worries! We got a good shorting day ahead of us. I'm sure that Tim will jump in on some stocks that are ready to tank out. We got BEE, SPAR, and NAK which have been making gains 3 days in a row already. SPAR was floating around at $4.5 yesterday.
  • wilbr
    Well my first Tim alert trade and Im fcked.
    Nice.
  • irmonkey
    Wow, got the alert and it was already down to 1.65. Couldn't get my order filled until it hit 1.35. -1000. I'm guessing Tim won't be posting any testimonials for this one ;)
  • yes post your testimonials, i'll highlight them in a blog post to be called "the first TIMalert disaster pick"...seriously, lesson learned
  • sommac
    down 60% or so to start the day....great!
  • Attack987
    How about some testimonials! lol!
  • PCola77
    Wow Tim, nice job. You just single handedly got their price down to its lowest point since mid-May. Yikes.
  • mayureshd
    i put in a buy @ 2.17 this morning...clobbered already
  • Attack987
    Down 64% on the day.
  • Attack987
    Holy cow. IDAE is trading at 0.80. I surely hope none of my fellow Tim Alerts subscribers got clobbered.
  • vestor707
    have a feeling alot of people are going to get hurt on this one.
  • Attack987
    Wow, IDAE made an excellent short after the break of 2.00. Now trading at 1.50!
  • Omaggio
    Out at 2.20 as well.
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