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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

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!

Legendary trader Larry Hite offers a great lesson via Michael Covel

Preview my new site HERE! Still some work to be done before the launch…oh yes, it comes in a few languages

The man himself Dr. Brett doesn’t like little trading lessons, so when he posts them, he writes big ones

Pretty chart of oil at the pump, keep it goin’ more pump and dumps for us!

Add up all the dedicated short sellers in the world and you’ve only for $5 billion or so…oh yes, this is a very unpopular strategy…which is why there’s so much opportunity!

I’m too hungover to find anything else worth your time…most of the financial writers out there are boring as hell…especially sissy value investors…so here’s some links to help bring some excitement to this turd of an industry

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  • cash
    Damn I forgot to ask in the earlier post I know these two PDO and MXC spiked casue of earnings but how do you know when one is being pumped by spam? Like I posted earlier this week that my company has been getting faxes pumping HYBR, but how am I to know about all the other stocks being pumped? Do you just look at the % gainers price/volume and then start investigating? Dude if so you are like a regular f-ing detective? I am sure you are out parting it up in NYC by this time drink a few for this poor schumk stuck is the armpit of the midwest AKA ST. Louis.
  • cash
    I can not wait to see it and hopefully have all us profit from the drop. Dude you met Stevie Cohen? That is crazy. You are right he is the best. I can not believe you met him.
  • definitely wait for the sideways price action, not sure about how far/quickly they'll come down cuz they're not hype plays/pump and dumps, but they should offer a few points of downside within minutes/hours of the initial crack
  • cash
    Tim just reviewed that trade and the chart. Wow what a ride you had that day. I mean that was a $270,000 swing. So we will let PDO and MXC ride the wave up and then after some sidways price actions and lower volume pick a support level and once it cracks that then short the living hell out of them?
  • jj
    tim- great clips. also wanted to let you know running microsoft interent explorer I still get an error code on the preview of the new site. hope you're guys over there can work out the glitch b/c everything else kicks ass.
  • cash u shouldnt be nervous, just gotta wait for the proper setups, not sure u'll have any on monday, but now confirmed supernovas PDO and MXC will fall eventually, wait for them to crack, remember my IPIX trade/chart in the meantime
  • cash
    Wow Evan you have a ton going on. You make my little 40 hr work weeks sound like nothing. Good luck and be careful in the Amazon. You are correct that qoute is from Dave Ramsey, whose books and CDs are great by the way. So what broker do you use and do you use any specific charting tools? I'm 29 and have been in and out of the stock market since 01, so I am not new to investing but I am new to pennystocking/trading but I am starting on Monday and am pretty damn nervous as I have posted on here a few times, I am so pumped to start I can not sleep. I am seriously here at work right now going over and over Tim's DVD and scanning through his book to be ready for Monday. Guess I am a dork that way.
  • best trader in the world was stevie cohen and the trading coach was dr. ari kiev
  • Evan
    Hey Cash,

    I'm a missionary- spent 5 months in Zanzibar this year. Currently working two full time jobs (yeah- 80 hr. weeks for the past 6 months have made it hard to day trade and keep up with THE TIM). My goal is to successfully turn this 3rd income into a cash flow machine (like Tim and his Euro/gold interest bearing 600k) so I can stay on the mission field full time. I'm headed down the Amazon this summer with a youth group for a couple weeks- then back to the two full times. I just turned 28, and after coming back from my last trip to face a bit of debt, I know how important saving and investing is. Not sure where I heard this quote, but it's kept me fit, increased my saving behavior, and honest- "If you live like no one else now, later you'll be able to live like no one else". I think it's actually from Dave Ramsey- the financial advisor on Fox business. Anyway, sorry for the book-long response. I'll keep an eye out for your posts and wish you all the best!
  • cash
    Evan how long you been trading and that what you do for a living or do you have another source of income?
  • Evan
    Lord willing ME in about 20 years!
  • cash
    Tim in your prologue you mention you met the best trader in the world. Who was that?
  • exactly, I have no interest in shorting COIN here, either it's gotta breakdown hardcore, which is possible or the pumpers need to do a better job to give us a worthy spike to short into
  • farsighted
    Timmy, you need to wait for COIN to go run up before you short it!
  • Blithe
    Hey Bubba... right click, open in new tab.
  • Blithe
    Colbert's own breakdown was priceless! Thanks for sharing.
  • Bubba Forgets Sometimes
    Tim, Bubba sometimes forgets where he came from when he's reading some web page. With tabbed browsing in most browsers, can you make it so your Saturday 7ish links open in another page instead of the same page? It would be helpful to get Bubba back on track as to why Bubba went where he just came from. Thanx.
  • friday... wait for a pullback
  • ju
    wooo nice. thanks for the info. when/what day did cramer mention cpst?
  • Oh yeah cpst's turbines burn sugar based ethanol now. So consider that also.
  • Cramer mentioned cpst so it's going to pop a lil this week. I've been long on it since it's been 1.56
  • ju
    NOG NCEN BSHF FPP CDY all reached new highs on friday and had decent gains.

    EXXI and CPST are very close to breaking highs so they could be a buy.

    FUQI is little bit under its high but i think this is the best buy out of these.

    Just my little research and thoughts, if anybody disagree u can bash my noobness or have any thoughts about them i would appreciate if you post them.

    Im just trying to try and learn.
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