As bad as corporate management, brokers, and value investors are, financial commentators and journalists are some of the scariest monsters out there. Similarly, they pretend to ALWAYS know what they’re talking about, while NEVER disclosing their audited track records or personal trades and investments…because the truth hurts–they suck. More often than not, they will lose you money if you listen to their advice. This picture is an accurate rendering of those who dishonor this industry:
This game is BS, we should want more–we deserve more–and my newfound goal in life is to right this wrong. Over the next few months, I’ll be adding many names to this list:
1. What kind of sick and twisted SOB buys the Adword phrase “Timothy Sykes” when they are no way shape or form affiliated with me WHATSOEVER. Scumbag and probable fraud Ross Jardine, that’s who. The schmuck links my name to a shady shady shady sales page—don’t buy into that BS. How is that even legal? Damn that really pisses me off!
No idea if his stuff works, but based on his manipulative advertising practices, the 1-page sales sheet featuring a stock he claims to have called that trades less than 500 shares/day (yes, five hundred shares), common sense and industry workings, I’m gonna bet he’s a fraud. He should probly be in prison. (Feel free to prove me wrong RJ, just setup a blog and let’s see your results day in, day out, c’mon, what are you chicken, balk balk balk, yeah that’s what I thought you scumbag)
2. TheStreet.com has loved GRMN for a while now—with their latest champion of the stock being industry-leading upstart comedian Lenny Dykstra. Too bad the price action is and has been disgusting for months, with no signs of rebound whatsoever. Oh yeah and the stock just broke down to a new multi-month low, less than an hour after Dykstra’s comedy report this morning after warning on earnings
TIM Lesson: Never listen to the absolute joke that is the financial commentary community. It’s not funny, it’ll cost you money.
Fess Up Time: I used to write for TheStreet.com until I made a horrible call on VDSI right before earnings. To this day, I am still ashamed, but I played the research game and lost.
TIM Lesson: Don’t stray from your core competency–mine being penny stocks
3. Another comedic website is Minyanville.com. They publish stuff that will really make you dumber. See the latest example HERE. That link is one of the biggest pieces of financial crap ever to be written. Seriously. It’s actually pretty amazing. We’re in a recession, businesspeople are bracing for bad times. The stock market should go down. Wow. Tell me something I didn’t know. P A T H E T I C
4. Stupid people making stupid calls based on incredibly simplistic and variables that have probly already been priced in since they’ve been expected for quite some time. Take this article–who cares if the Olympics are coming to China—you don’t buy random-ass Chinese stocks just cuz you’re capable of Caveman-like thinking “Olympics bring people, people bring $, people spend $, company get $, stock go higher.” What makes you think stocks like HMIN are going anywhere but lower—look at its damn chart! If it’s meant to make a big-time up move, it’ll move gradually first, right now resistance everywhere. I’m sorry but this guy, Tony Sagami is a moron. You heard me Tony, I don’t care about your crappy articles that you use only to really promote your $200 stock picking service. How about start a blog and prove yourself day in and out, then maybe I’d respect you. Somehow I think you’ve made too much $ luring in naïve investors with your page-long sales sheets—saying you can pick the next Microsoft or McDonalds. For shame!
Fess Up Time: When I was new to the writing world, I wrote similarly stupid articles, the money was good, but within a few months I found out I sucked at it—not that it mattered—but more importantly, I wasn’t doing anybody any good.
I don’t understand how any of these guys sleep at night. I might be overly cynical, but with all these frauds, jokers and marketers around me, how am I supposed to make any friends in this pathetic excuse for a profession? Good thing I don’t give a F%^# about anything other than showing how my strategy is ideal for smaller investors and traders since it’s based on ignoring—and sometimes even using—all the industry BS to my advantage.
Posted in Fess Up Time, idiots, Rants, TIM Lessons