Blog Archives:
Golf Blooper
Posted by Pallian (Moderator) on Sun 18th of May, 2008 07:58:04 AM
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The Truth
Posted by Pallian (Moderator) on Sun 18th of May, 2008 07:57:05 AM Sponsor Offer:
Crazy Badass Millionaire
Posted by Pallian (Moderator) on Sun 18th of May, 2008 04:29:46 AM Sponsor Offer:
Timothy Sykes brings models on CNBC
Posted by Pallian (Moderator) on Sun 18th of May, 2008 04:28:58 AM Sponsor Offer:
Family Guy - Bullfrog
Posted by Pallian (Moderator) on Sun 18th of May, 2008 04:28:00 AM Sponsor Offer:
Timothy Sykes on CNN
Posted by Pallian (Moderator) on Sun 18th of May, 2008 04:24:45 AM Sponsor Offer:
The Beginnings Of The Best Damn Stock Market Glossary…Ever
Posted by timothysykes on Sat 17th of May, 2008 03:30:48 PM Sponsor Offer:
No matter how much I try to simplify penny stock trading and relate it to the real world, many of you still don’t even understand the basic terminology. So, for you guys, I’ve created TIMterms, a glossary of commonly used concepts and terms. Be warned, unlike the rest of the stuffy narrow-minded finance world, it ain’t boring and you’re damn right it’s opinionated. After all, it’s far better to have the opinion of somebody with a proven track record than the financial journalist wannabes over at Investopedia who often get their facts wrong!
Here are the first 15 TIMterms, eventually there’ll be hundreds, maybe even thousands of them, all inter-connected with plenty of examples Wikipedia-style, and links to alternate definitions and examples (anybody with a blog or website, def. comment on this post as I’ll link to anything worthy) but gimme some time, I’m not rich enough to clone myself to get all my projects done right away…yet. If I’ve done this correctly, you just need to click on the orange folder above each term to be taken to its definition:
1. ANALysts
2. Buying To Cover
3. Compound Annual Growth Rate (CAGR)
4. EBITDA
5. EPS
6. Max Pain
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Sykes’ Saturday Sevenish: May 17th, 2008 Inside Edition
Posted by timothysykes on Sat 17th of May, 2008 10:44:58 AM Sponsor Offer:
Trade with any of my sponsors and you’re pretty much set:
Active traders: Speedtrader!
Forex traders: GFT!
Futures traders: Optimus
Shorting penny stocks: Thinkorswim
Everyone’s going crazy over Bill O’Reilly’s finny breakdown video clip…they should be, it’s friggin hilarious!
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The Right & Wrong Way To Short Sell A Fraud Like Kentucky USA Energy Inc. (KYUS)
Posted by timothysykes on Fri 16th of May, 2008 05:11:47 PM Sponsor Offer:
Yesterday, a day after failing to be too aggressive with shorting known fraud CNEX, as it plunged from $7 to $3 and my readers made thousands of dollars, I saw a morning dip on fellow pump and dump/known fraud KYUS and shorted into it, 2,000 shares at $2.37. Although hugely manipulated, it was only up $1 or so—no $1 to $7 action—but I was afraid I was gonna miss out on a possible 50 cent drop. Not only did this trade break my trading rules—wait til the friggin afternoon you lil bitch!—but I let a prior trade influence a current one. Two major mistakes, so I deservedly was forced to cover into the late morning spike, at $2.56, rubbing the typical morning fakeout breakdown in my face. So, I finished the day with a loss of $413, after commissions, now nearly $1,000 of my highs just last week.
Today, with the stock opening slightly higher in the $2.60-$2.70 range and a morning meeting to work on TIMtv, I made sure not to even consider shorting until the afternoon. Not even when I saw it tanking to $2.40, just as I was walking out the door, was I tempted to short the 3,000 shares I reserved—if I missed it, I missed it. (that morning dip turned out to be yet another fakeout)
But by mid-afternoon, while still in the studio, after some solid sideways price action barely clinging to positive on the day, I saw the stock go slightly negative on the day and I said to myself, “this is a worthy pattern to short into.” I missed the initial drop as it just fell too quickly to $2.50, but I thanked my lucky stars that it bounced right back near the unchanged mark, just as I shorted 2,815 shares (135 shares didn’t get executed) at $2.58.
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10 Hot Stocks That Will Make You Tear Up & Be Unable To Watch FOX Biz
Posted by timothysykes on Fri 16th of May, 2008 08:18:26 AM Sponsor Offer:
Yeah there’s lot more, but again nothing ideal to short…yet…especially all these crappy oil companies, nothing like a rising tide to lift all boats
ASIA exemplifies a slow boring breakout of a real company…makes me sick to my stomach how slow these things move, no wonder why 90% of traders lose money trading these things…blehhhh….I’ll take fake companies that move any day of the week
FORC=KYUS=HYBR as all three are known to have been sending out spam mailers to get people to buy their crappy stocks! C’mon guys, these companies are fake–ever wonder why I can say that and get away with it? Cuz it’s the truth and the fake companies don’t wanna fight me in court! I lost $400 shorting KYUS too early (detailed post coming soon)—not because I don’t think the stock is lower 1-2 months form now, but because I’m not gonna be around much today (working on a live version of TIMtv) so I couldn’t risk a big squeeze…yup, playing it safe to teach you guys a lesson!
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Please Excuse The Mess Over the Next Few Days, Upgrading The Site To Version 4 Baby!
Posted by timothysykes on Thu 15th of May, 2008 06:00:41 PM Sponsor Offer:
As you probly know, ever since the debut of this Super Shredder-like website its been full of bugs, at times slow and sometimes just down completely. Well, I got tired of this kind of sh#@! pretty quickly so for the past few weeks, Pallian and I have been workin’ on a new site—that’s right, Version 4—this is the one that’s gonna last longer than the first one (4 months), version 2 (2 months) and version 3 (2 weeks).
Obviously the trend is going in the wrong direction, but it don’t matter cuz we’re tired of building new sites all the time so this is it! And we’re getting a new host too cuz our traffic is just breakin’ out (only halfway through this month and we’re already waaay past February’s #s) (yeah advertisers, get on it!) as if our name was Kentucky Pyramid Oil Co (PDO)
As soe of you might have noticed, you can get a small taste of the new design HERE. What’s infinitely more important is that our new host, those bad asses over at Mosso.com, tell me that anybody who signs up with them using the referral code “REF-TIMSYKES”, will get $50 off their first month’s bill.
I can’t speak to how good they are until we see ‘em in action next week, but I’ve heard only great things and if they try to f#%$ me over, I’ll just blog about it and then they’ll be sorry! Jew Yah!
Two Interviews: One Video, One Written, Both Edu-tainment To The Max!
Posted by timothysykes on Thu 15th of May, 2008 12:51:59 PM Sponsor Offer:
While we’re waiting for the next CNEX-like worthy trading opportunity to emerge, check out these two interviews of mine that just came out today.
First StockTickr asks me some really great questions and allows me to set the record straight on a lot of the BS that’s out there. Thanks Dave! PS The guy’s also got a pretty cool product for keeping track of your trading journals…
A few dozen of you participated in the live interview I did on ChuckTV the other day, HERE is the edited version. Clocking in at just over 1 hour, we talk about everything from trading pump and dumps, Saturday Night Live castmembers and drug use on Wall Street to web 2.0, online video and the future of the internet…really interesting convo—thanks again Chuck!
These 15 Hot Stocks Are The Sketchiest Group Of Characters Ever Assembled!
Posted by timothysykes on Thu 15th of May, 2008 08:37:27 AM Sponsor Offer:
Horrible day yesterday, didn’t make any trades, missed out on great fades/plummets on UQM SSBX and of course CNEX. Now I’m singing the pump and dump blues…and none of the following stocks compare 2 u (CNEX)
Gotta grab those easy profits cuz they don’t come about every day…there’s no room in this game for hesitation, you short just gotta short a fading fraud, somehow slip into a coma for a few days and wake up with 20-70% profits…daily blogging probly doesn’t help, you’re too close to the flame.
FORC is just your typical $90 million oil fraud sending out mailers and PRs to anyone who will listen, you wonder why it goes so gradually higher all the time? Think back to the chapters detailing 1999-2000 in my book…yup, it’s called manipulation and it’s beautiful if you have the balls ride it long, glorious if you have the patience to wait to short and scary as hell for all the amateurs in between who don’t know what’s going on.
NYNY has lots of rumors swirling who knows and who cares who to believe, the chart is a gradual wannabe cup and handle…don’t short until it gets too steep, even then be very very careful, somebody’s got momentum
UBET is the same kind of rumor-based runup and while its chart is steeper, it’s up a whopping 75 cents off its lows, let me know when it goes from $1 to $7, then I’ll get really interested.
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The Pump And Dump Blues: Nothing Compares 2 U, In Loving Memory Of Cannon Exploration Inc (CNEX)
Posted by timothysykes on Wed 14th of May, 2008 07:02:52 PM Sponsor Offer:
I’m sorry to have to announce the passing of Cannon Exploration Inc. (CNEX), a beautiful and vivacious pump and dump, who at the height of her popularity, was taken from us prematurely, like so many of our brave soldiers around the world
Beautiful CNEX, I know that living with you was sometimes hard, but I composed this wholly original song and even made a music video (even though the singer got the words wrong) in your honor.
It’s been seven hours and five dollars
Since you took your pump away
I research every hour and wait all day
Since you took your pump away
Since you been gone I can write about whatever I want
I can trade any stock I choose
I can look for stocks that are breaking out
But nothing
I said nothing can take away these pump and dump blues
`Cause no pump compares
No pump compares to you
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My First Yahoo! Finance / TradingMarkets.com Article: How To Short Sell Pumped Up Penny Stocks
Posted by timothysykes on Wed 14th of May, 2008 03:20:53 PM Sponsor Offer:
Check it out right HERE. You’ll discover that when you write a brutally honest piece like that—without pay or motives considering I’m not short any of the stocks mentioned nor do I know anybody who’s short—you’re not gonna make too many friends in this joke of an industry. Especially down here in the gutter of the stock market.
Big whoop, I have too many friends already—it’s more fun to write for honesty’s sake, helping the unfortunate suckers who aren’t as experienced as me. That’s my business model and it’s gonna piss off a lot of the people who earn their livings by preying on those amateurs. Deal with it. If I do my job right, penny stocks and microcaps will become infinitely more popular because people will understand how to play the game.
Think of it as cleaning up SoHo so we can build all these nice shops and attract tourists in our neighborhood for once. I’m not trying to get rid of the manipulation—that’ll never happen—just trying to explain it so people can profit from it.
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How I Screwed Up Shorting Cannon Exploration Inc (CNEX), Down 40% Today, While My Readers Are Making Tens Of Thousands
Posted by timothysykes on Wed 14th of May, 2008 12:33:41 PM Sponsor Offer:
Where do I even begin on this one. Like my previous near-perfect call on fellow joke of a company pump and dump VRML, my readers made much more $ than I did. In fact, I lost a bundle shorting CNEX the other day at $6, admittedly too early/forced to due to the circumstances, covering at $7.20 yesterday, not wanting to risk a big-time gap higher/possible short squeeze today. Fortunately for me, there were shares available to short this morning so I reserved 500 and as I posted HERE, I planned on watching this one all day, shorting only when the pattern was to my liking.
After a slight gap higher, the buyers were drowned by sellers—we’re talking 10k volume here folks, nothing major—so I quickly placed an order to short sell with a limit of $7 when the price was $7.25 x $7.30…3 minutes later the priced had cracked big-time below my limit and it appeared I hadn’t gotten my execution. Damnit! Having been in this spot many times before, I knew it’s tough shorting into probable morning dumps so I lowered my limit to $6.50…nope, still no execution…20 seconds later and the stock was testing $6.
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9 Stocks On Fire: So Many Plays That Are Surprisingly Borrowable To Short!
Posted by timothysykes on Wed 14th of May, 2008 09:08:30 AM Sponsor Offer:
Plenty of stocks in play and surprisingly plenty of borrows today too! Only thing stopping me from reserving shares in every stock I want is my damn limited buying power! So, after being very selective, I’ve reserved 500 shares of CNEX, 2000 of FPP. Also got UQM and SSBX shares but I can’t have my orders working cuz of my tiny account. Wow, I’m down here at $18k voluntarily, I can always unleash $500,000 or so amongst all these stocks, but you guys, damn, how do you live? I mean seriously, how do you live?
Basically I’m still watching everything from yesterday’s watchlist and a few more/some updated below:
QTWW could/should breakout hardcore, but given that we’re talking maybe 20-25 cents of upside here, I can’t waste any precious trades/buying power on it…sucks!
Those of you looking to short PDO and MXC so quickly are just idiots. These things have broken out nicely and are squeezing the shorts and since their connected to oil prices, there’s no telling how high they’ll go. Remember how I said I don’t like commodity plays, that they’re not your typical pump and dumps? Again, I haven’t been in the game for this long and not learned a thing or two.
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Why Trading Journals Are Just As Important As Trading Profits
Posted by timothysykes on Tue 13th of May, 2008 04:49:55 PM Sponsor Offer:
Just got an email from a very satisfied PennyStocking DVD student who’s not only made the DVD’s cost back 13x times over in only a few weeks, but also done something rather interesting and I encourage you all to do the same:
Tim, just wanted to tell you that within 3 weeks of watching your DVD, twice, my $25,000 account is already up to $28,946, thanks to shorting those perfect Supernovas, VRML and VM, on which I see I did better than you! (sorry!)
I just started a public journal on ET so I’d love for your readers to come check out my thread! I know you’ve sworn to never post on ET (and after a few weeks I can see why) but I’m going to be diligent in my record keeping and hopefully help you cut through the BS that’s out there. Thank you again for everything, your speedy email replies (although not lately?1?!?) have helped immensely and I can’t imagine trading anything other than Supernovas ever again!
Sincerely,
Jeff Rogers
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How I Broke My Rules And Lost Short Selling A Fraud, Cannon Exploration Inc (CNEX)
Posted by timothysykes on Tue 13th of May, 2008 01:18:07 PM Sponsor Offer:
Just about everyone and their mother understands Cannon Exploration Inc (CNEX) is a an outright fraud. Whether you look at PinkSheets.com displaying a skull and cross bones with the tagline “Caveat Emptor” next to its stock quote, its now $470 million marketcap (at $7.25 stock price), the blatant pumping by all the usual suspects and the fact that this company has no business of any kind and has now septupled (7x) in price in 5 days all due to a fluffy PR announcing a new website and a sketchy letter of intent to acquire a seemingly real business, no doubt in exchange for pumped up shares.
Knowing all that, you might understand why I shorted 600 shares yesterday at $6/share half expecting it to go higher—with the goal of averaging my cost basis up too—but never excluding the possibility of a quick $1-2 drop in price.
That’s all well and good, but as a PennyStocker, I have no excuse and my $760 loss (I just covered at $7.20), including commissions, is well deserved. Because while this company is scummier than most, it’s just the latest pump and dump that can—and often do—run further than anyone thinks possible so I still should’ve played by the rules I myself created! Rule #1, don’t short randomly strong penny stocks, you gotta wait for the price action to concur with your thesis. Usually it’s best to short into the market close of the first down day of a big runup, but sometimes that’s too late, so shorting in the afternoon when this kind of a stock goes from positive to negative often opens the door to a big afternoon dump.
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10 Stocks In Play: Where Do You Fit Into The PennyStocking Spectrum?
Posted by timothysykes on Tue 13th of May, 2008 08:05:09 AM Sponsor Offer:
Remember: just cuz I suck at buying breakouts—patience and actually being around to buy-wise—doesn’t mean you’re gonna suck at it too. It’s much much much easier to buy these suckers on the way up than is it to short sell cuz it’s more fun to party than it is to inform everyone that the bar is closing and that the strippers all have STDs….that’s basically what it’s like to short these dirty scummy stocks. Below you see a wide range of PennyStocking patterns from which you could and should profit…really just gotta get grounded in my DVD course so you can understand all the variables at work so you can adapt to all the evolving patterns…obviously.
LGDI
VRML
Plummeted bigtime/nicely…despite my $1,000+ in gains between LGDI and VRML, holding one week longer coulda woulda shoulda been an extra $3,000 in profits at yesterday’s closing prices! Are you beginning to understand that as long as you short these turds just as their absurd Supernova buying firestorms appear to fade, even just a little bit, there’s a whole lot of $ to be made? (and despite my 56% return over the past 6 months, anybody who has a decent grounding in PennyStocking could should would be up 100%+ (See TIM results and Supernova slide above to better understand)
NNVC
PSTI
Already began to fade…missed NNVC, thanks a lot Chuckieeeeeeeeee, PSTI so gradual, anybody find any shares to short?
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