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Gizmodo Is Golden, Screw All You Uptight People!

Posted by Timothy Sykes on Sun 13th of Jan, 2008 11:21:57 AM

So, a lot of bloggers are criticizing Gizmodo for pulling off this badass prank at CES. Crunchgear said blah blah blah, John Chow, who I normally respect big time says this gives bloggers blah blah blah, (by editing out the negativity, I’m expressing my approval—ney, respect—for this immature act because it exemplifies why blogging beats the hell out of journalism.

Business/finance/media/world: stop taking yourselves so seriously! So CES doesn’t invite them back (they were actually banned from next year’s event, LOL), all that’s going to do is make for an even funnier video of them sneaking into the event and pulling off a similar prank. (depending on how many lawsuits, if any, surface in the next few weeks).

You see blogging is all about freedom. The freedom to write whatever, whenever and however you want. To cut through all the corporate/marketing/PR BullShip. Whether it’s the technology, celebrity, sports or finance arena, whatever your little heart desires. If you write honestly and have any talent/sense of humor/experience/wisdom to pass on, you can get people to visit your site and then it’ll grow or not depending on the value of your offerings.

As for blogging being about gaining credibility—let me tell you, I’ve tasted credibility and it’s nothing to write home about. Off the top of my head, I can name about 500 foods that taste better. When I first announced I closed my tiny fund to write/teach full-time, I took a lot of flack from people saying I’d blown up and given up on trading (erroneous, erroneous on both counts!).

Since then, the haters have quieted down (probably due to my daily roundups detailing all my screw ups that somehow have still yielded a 20%+ return in the past two months?!?!), but the simple truth of the matter is it’s much more fulfilling/enjoyable/inevitably profitable to be able to say and do whatever you want. Blogging is journalism at its finest because its raw. Let’s call it the evolution of journalism. People will always need short recaps of the news, but bloggers have the luxury of being able to flip the system on its head by actually making news. And, what happened when Gizmodo stopped reporting and started creating news—after only three days, their post of the stunt has been viewed nearly 500,000 times, inevitably becoming their most popular post ever overtaking last year’s post about sex dolls for dogs, which clocks in around 750,000 views (also a very funny post).

Let us not forget, the media game is all about eyeballs—the public chooses what matters and what doesn’t. Not uptight bloggers. Not traditional or even new age media. Not the SEC, FBI, CIA, POS (politicians or sycophants). Not angry technology execs. Not any BS electoral college. It’s the people, stupid. They are all that matter and why the blogosphere is not only beautiful, it exemplifies the great American ideal of freedom. If a TV anchor or newspaper writer did this—their numbers wouldn’t budge and they’d surely be fired, their reputation in tatters. On the other hand, this stunt has solidified the reputations of all involved.

Gizmodo should be congratulated for forcing everyone to loosen up. This stunt should be spread like wildfire and serve as inspiration to bloggers and freedom lovers everywhere.

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  • TomT
    QELP anyone hold short? or able to get in
  • Attack987
    lowend99,

    I've been following Tim since Jan of this year.

    Although Tim has written 1000+ blog posts, only a fraction of those are really useful as far as his trading strategy goes. His posts from Jan 2008-June 2008 are the meat of his strategy and really his best stuff. He describes what to look for in great detail. His trade descriptions are amazing too, and you'll learn a lot. No need to go back through every post unless you have a lot of time on your hands.
  • etrade and sharebuilder is not for shorting, go read my 1000+ blog posts or check out my 6-hour instructional DVD:

    http://www.timothysykes.com.dvd

    and get educated before u try this game
  • lowend99
    Can someone help me, I have sharebuilder, how do you short, is it an options call?
  • bao_t2008
    VOXW is a nice falling knife that can be shortable but it's so illiquid. No volume today. That's crazy.
  • bao_t2008
    Etrade really sucks!!!!
    I'm switching over to IB soon.
  • be-the-ball
    lol reaper
  • Reaper
    go mow some lawns, althutytu
  • alathuythu
    thank tim, to sell short I dont have enough to open the margin account. Any broker for suggestion of $500 open account :)
  • alathuythu, to buy, in this market? noooooooooo
  • and yes, when my account is big enough i do intend on splitting between thinkorswim and interctive brokers
  • Check out BXG
  • mayureshd time to switch to ToS... better commission plans
  • Derrick
    IB is the best at getting shares though... cheap comissions too.
  • mayureshd
    My first TIM Trade ....Ameritrade only offered 125 shares of GRRF to short...its down good..but hardly any gain considering $20 in commissions
  • Attack987
    Thanks!
  • Reaper
    One way IB sucks is you can't reserve shares -- whoever executes a trade first gets the borrow.
  • Reaper
    Attack - Grace clears through Goldman, which means they get borrows through Goldman. TOS clears through Penson (as does Speedtrader). IB self-clears. IB is generally the best and is cheap to boot, but each brokerage has different borrows (which is why I have many).
  • Attack987
    Hey Reaper,

    Which broker of all the brokers you use tends to have the most availability of shares to short--TOS, IB, Goldman? I'm considering changing brokers at some point when my account gets large enough.

    When you mean Goldman, do you mean Grace Financial?
  • alathuythu
    there is nothing for buy?
  • akurtz
    I reserved 1,000 each of OCNF and MPEL. Any thoughts on MPEL today, Tim?
  • Attack987
    Interactive Brokers
  • steveduckels
    What is IB?
  • Reaper
    No Tim. The stocks aren't hard to borrow, just TOS has none. IB has plenty of GRRF, SCON, and QELP. I reserved tons through Goldman Sachs of GRRF and SCON.
  • kelvin
    i have no email... tim
  • notesguy88
    Couldn't get QELP either. I was able to get some shares of OCNF though.
  • steveduckels
    I was a able to reserve 1000 shares each of QELP and OCNF at TOS.
  • Dan000
    Hope so
  • damn none on any of them...either u guys are getting quick, which i doubt, or these could be multi-day runners so as to squeeze the early shorts
  • trad3rhan
    damn, I got up early for nothing
  • Attack987
    At TOS
  • Attack987
    No shares of SCON or GRRF
  • usually come on around 7am
  • Dan000
    Just the chat window for TOS, there's no one there yet.
  • prognesubis
    DAN000, When does that window open?
  • 350zblack
    If the bid and ask price are very wide. What is the entry point? Like it is $6.10 Ask and $1.25 buy now in aftermarkets condition? Will the gap close when market opens and when do you initiate a trade?
  • Dan000
    Already have window open to borrow as many GRRF from TOS as I can.
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