Sykes' Saturday Seven: March 15th, 2008 Edition - Timothy Sykes

Sykes’ Saturday Seven: March 15th, 2008 Edition

UPDATE: Company’s stock drops to $2, even bigger scars for those involved. Difficult, but scars are good.

You know how I always say a CEO will smile and tell you everything’s fine, even the day before they go bankrupt? Well, this week Bear Sterns liar / scum CEO proved my point on CNBC rather nicely, just 2 days before his ponzi scheme company needed a big ass bailout with their kindle stock dropping 47%.

liar

Learn this frontward and backward:

 NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu
NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu
NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu

UPDATE: BSC buyout rumor: another 50% drop to $15 or bankruptcy (LOL)

Never pay for movies/DVDs again, check out all the cool FREE streaming movies available HERE. How is this not illegal?

Besides TheLion.com, another cool site filled with threads about microcrappers… awwwww yeahhhhh

The other day, I mentioned these trading education frauds, but I’m reposting the link HERE because you really MUST understand how much BS there is out there. Sooooooooo many people market the hell out of whatever it is they’re selling. Sometimes it’s hard not to believe them (my CYGT “investment”, cough, cough), but unless you’re given audits (by a reputable firm) that back everything up, don’t believe a word they say. Not in this business. Not in any business.

PS All my trades since 1999 are audited, I stand by my superior track record. Haters you got nothinnnnnnnnnn’

My buddy Chris Lahiji is holding his 1st annual microcrapper conference. I was supposed to speak there, but I opted instead to speak at some colleges, aka paying gigs. Tickets are limited, but if you’re not a poor college kid and you wanna go, hit me up and I’ll get you in free.

Don’t cry for Spitzer, the truth is he’s ridiculously loaded. He earns more in interest than his call girl is about to make thanks to his interest in her

8 things you def. didn’t know about Chinese food

Posted in Criminals, idiots, Link Love, Scandals

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one comment

Timothy Sykes

Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my millionaire challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don't forget to check out my free Penny Stock Guide, it will teach you everything you need to know about trading. :)

  1. Michael

    actually there are many more weird things about Chinese food.
    1. Monkey’s brain. yup, in various parts Canton China, restaurants use saw to open up a LIVING monkey’s skull and pour hot boiling soup on the brain, cooking the brain and killing the monkey instantaneously . ( the whole process is done infront of the customer to arouse appetite -_-‘ ) then you scoop up the brain and soup and eat it i’s tofu.

    2. Bear’s Paw. This is actually edible for me. i don’t know what the process is but you can search it on yahoo.

    want more?

  2. Tony Ellis

    I’ve read and heard many times lately how what happened to TMA, Carlyle, BSC, etc… Isn’t based on investment reality but on a lack of confidence in them. Don’t Ponzi Schemes work well also as long as investors have confidence in them? Could our whole financial system be one giant kick ass ponzi scheme? God Bless Capitalism!

  3. timsykes

    Who cares about the Fed, I’m not an investors, I’m a PennyStocker. Good or bad economy/stock market, I play microcrap hype plays whenever they come about. Let the financial system burn itself down for all I care, I hope there’s no more plays EVER–then I could finally take some time off. Doubt that’ll happen though so I’ll just keep stalking….

  4. JJ

    i know you’re not a huge fan of it but you’re making my point for me about people needing to read Arthur Levitt’s book, “Take on the Street”. it’s POS CEO’s like this that hurt the average investor. there’s no honesty left in business. i hate to say it but the accounting firms are part of the problem. they are paid for non-auditing work that far exceeds the millions they are already being paid for their “independent” audits. a slight confict of interest wouldn’t you say? they’re not about to say the work they did for a company wasn’t accurate. certainly wouldn’t want to lose out on all the millions they’ll be paid next year should they give a negative report. they’re all corrupt and as you say CAN’T be trusted!

  5. timsykes

    no need to read a whole book about not trust CEOs, just don’t do it. focus on learnings about stuff u can actually trust/profit from–chart pattttttttterrrrrrnnnnnsssssss

  6. wallie123

    going to get me some MIPI shares in the morning but probably only take another small position. These biotechs can gap up in your face. The real reason I am taking small positions is because i am fairly new to shorting. So i am taking baby steps. i have always been a buyer so i will be looking at CAST tomorrow too.

  7. scrillawill

    everyone download skype at http://www.skype.com add me as a friend me and kaim have a chatroom up chating this morning my skype name is scrillawill add me as a friend i will get yall in our chat room tim subscribers

  8. scrillawill

    soko ninja kennys pennies nolimit traderjoe dan ghost and everyone download skype we have a alternate chatroom today me and kaim opened so add scrillawill to your skype and i will get u in the chat

  9. timothysykes

    holy hell, stop emailing asking where the chat is, i did a post saying it would be down, u guys gotta learn to read…we’re fixing it as it was the reason my site has been down so much…just use this comment section, 99% of the junk people say isnt worth listening to anyway

  10. scrillawill

    everyone download skype at http://www.skype.com add me as a friend me and kaim have a chatroom up chating this morning my skype name is scrillawill add me as a friend i will get yall in our chat room tim subscribers

  11. scrillawill

    we are all in here chatting now add scrillawill i will get u in the chat just let me know ur a tim subscriber

  12. AdamN

    Shorted JAZZ $3.75, I’m probably too early on this short and am about to get squeezed, but the price action looks to be pointing downwards this morning. Hopefully it will crack $3.60 soon.

  13. scrillawill

    everyone download skype at http://www.skype.com add me as a friend me and kaim have a chatroom up chating this morning my skype name is scrillawill add me as a friend i will get yall in our chat room tim subscribers
    we are all in here chatting now add scrillawill i will get u in the chat just let me know ur a tim subscriber

  14. bekifft

    Shorted MIPI yesterday at 6.84. Looking for it to really break thru 6 soon. Scary bioteches but it clearly looks like a good short.

  15. bekifft

    Bought a small position of CAST at 7.10. Is this thing going to going anywhere after the morning spike? Timmay?

  16. Tony

    Yes I did Tim, actually. CAST was on my radar before your post due to your girlfriends Facebook post! I

  17. asparmar

    AdamN nice call on JAZZ… latest news on JAZZ: Jazz Pharma says to halt development on three drug candidates in order to save cash; says focus will be on meeting interest payments on senior notes; will not explore development of sodium oxybate compound in other indications.

  18. scrillawill

    everyone download skype at http://www.skype.com add me as a friend me and kaim have a chatroom up chating this morning my skype name is scrillawill add me as a friend i will get yall in our chat room tim subscribers
    we are all in here chatting now add scrillawill i will get u in the chat just let me know ur a tim subscriber yea

  19. AdamN

    NICE find asparmar, I may hold this JAZZ short over the weekend now, looks like I got a good entry.

  20. scrillawill

    everyone download skype at http://www.skype.com add me as a friend me and kaim have a chatroom up chating this morning my skype name is scrillawill add me as a friend i will get yall in our chat room tim subscribers
    we are all in here chatting now add scrillawill i will get u in the chat just let me know ur a tim subscriber wow

  21. SoBeGemini

    Tim, bought $CAST $6.75 avg. out at $7.07. Profit of +$600 in a few minutes at the open. Thx.

  22. AdamN

    Sold JAZZ short at $3.49. Had a solid profit of $500 and had to take it in order to stay disciplined.

  23. polarcup

    So stupid…bought 900 CAST @ 6.75 and had so many opportunities to sell. Sold 600 @ 7.00 at the end of mkt. Still holding 300 shs.

    i need to have more discipline…

    anyway, thanks TIM for the recommendation. just worried about holding over wkend. Realized profit of $150.

  24. hirohyoto

    Darn Adam… missed out on a great trade… had to do my job today appraising accident damage =(

    At least ODP is looking downward… missed out on averaging up on it too.

    *Shrugs* can’t catch them all.

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