Barrons Is The Latest Old Media Company To Be Proven Obsolete
Posted by timothysykes on Sun 18th of May, 2008 01:15:38 PM
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Remember about a month ago when I wrote those 2 posts (HERE and HERE) about the sketchy pig farmers over at Agfeed Industries (FEED)?
Their two financing deals, after a flurry of too-good-to-be-wholly-accurate press releases, set off my probable pump alert and even though I wasn’t playing the stock, I felt the need to warn investors about how the smallcap capital raising game works—basically you spend thousands on PR, giveaway a few percentage points to encourage scummy peddlers (better knowns as brokerage firms) do financings, schedule a bunch of PRs to paint the rosiest picture possible and then raise capital for your crappy biz at inflated prices, preying on investors’ greed as your stock is manipulated to surge higher, making these investors believe they are getting in on the ground floor of some amazing story.
It’s ugly and I’m not gonna make too many friends telling everyone about it, but that’s how the game works. Now, only a month late and $129 short (their subscription rate), Barrons comes to the exact same conclusion, although mistakenly focusing on only-important-to-obsolete-old-world-media-statistic, insider sales, which will surely tank the stock tomorrow, educating those investors who bought in at high prices. HERE’s the absurd subscription-required article and HERE’s the free pirated version…I wonder which one you’re gonna click?
Oh yeah, and HERE’s the free version to yesterday’s article about short seller Doug Kass.
Goddamn these stuffy old world media companies that mistakenly believe their crap is worth any premium whatsoever! As evidenced by my beating these premium-charging “professionals” to the story by an entire month, they better change their business model cuz with the scalability of my blogging-based publishing model, soon I’ll just steal their reporters away.
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View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 11 | IIJI | $2,79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
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Total: $34,399 (177%)
Wow, I’ve never seen such a beautiful double top before, good shorting tomorrow boys!!
It should go without saying since you all have access to my only trading account:
http://www.covestor.com/mbr/timothysykes
but i write not for any agenda but to help investors better understand how backwards this joke of an industry really is
gotta love that MSFT and YHOO are back in talks again:
http://www.marketwatch.com/new.....arts&
little babies controlling billions
At least those shareholders have Icahn to push those fat-cat yahoo board members around a little bit. I have no positions in either company but it makes me sick that those pig headed morons passed on that deal with MSFT, they should all be fired!! I’m glad someone like Icahn can push those fools around a little bit. And YHOO should be happy at such a great deal, but I know, I know, their company (YHOO) is worth so much more then that, right,, give me a break already!!
icahn
So bottom line we should short FEED first thing in the morning for a couple pts? This think might drop all the way back down to 10 or below. Anyone have any thoughts?
FEED is not a short in my book very unpredictable when u have an article like that
Tim…I was looking through your library collection, but I was wondering if there are any books out there about Steven A Cohen? Thanks.
EB I am pretty sure these is not any books about him. This guy hardly does any interviews for news papers, but I know who can get him to seat down and chat only Tim from TIMRADIO. Tim make it happen.
bah, more proof that mainstream financial journalism is a JOKE!
Ben you got that right. I think Tim has something going here.
Thanks Cash…Cohen is pretty elusive.
Ben and Cash…any stocks interesting you guys for monday’s play?
I am going to see what FEED does after that article. Not sure if I will put a play on it or not cause what Tim says makes since. I am also watching the two supernovas Tim has been talking about PDO, MXC and see if anything cracks there. What do you have your eye on?
FEED looks way unpredictable. Definitely keeping my eyes on PDO since it has gone up about 52% since last Wednesday. MXC has gone up about 88% since last Monday. I hope they run out of gas soon.
You are right about FEED but I think it will fall like a stone at the open, but what do I know? But those are the only three on my rador right now.
EMC caught my attention also…I bought a few hundred shares last wednesday. it popped on very high volume. I might keep this stock for a few more days.
I hate to pull a Tim but you do not have a penny stock there. 37 billion market cap way way to rich for my blood.
Ha! Nice! Funny…”pull a Tim?”
Tim is only into penny stalking and those are micro caps and the large caps only bore him as they should. The chart patterns he talks about in his DVD of large caps about put me to sleep and is what he calls the snore patterns. But i will admit EMC did have a nice little gap up.
eb,
I took the liberty to check Yahoo! Gainers and my other sources to find spiking shit stocks; I then went on thinkorswim to see which ones were available. Here are the ones I will be concentrating on for Monday:
http://www.covestor.com/mbr/bnbien/blog/7351
Ben…that’s just awesome! I absolutely enjoy learning from veterans such as Tim, you, and cash. Im a student and Im taking lots of notes from you guys! Good luck this coming week!
Anyone…I would like your thoughts on Investors Biz Daily IBD….daily newspaper delivery.