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Doubledown Media’s Failure Only Matched By Those At Portfolio aka Is This What America Really Stands For?

Posted by Timothy Sykes on Thu 18th of Dec, 2008 04:09:58 PM

Remember how I was reporting several months ago that Doubledown Media/Trader Monthly was flat broke?

Well now the investigative journalists–the lazy/incompetent bastards–over at Portfolio.com (no wonder they’re getting laid off) have finally figured it for themselves (just six months off on their timing…like a value investor ‘buying the dip’ early this year LOL)…let’s pick it apart:

It’s no secret that Doubledown Media, like pretty much every publisher, has been experiencing some rough seas of late. The company behind Trader Monthly, Dealmaker and other titles aimed at free-spending big shots recently laid off a sizable portion of its staff and informed many of those who remained that they’d be receiving half pay until things improve.

In fact, a number of Doubledown sources say the situation is even worse than that. It’s bad enough that Doubledown is looking at scaling back print circulation of its titles and making up the difference with electronic copies.

Right, except the magazine, headed by now twice a failure at publishing Randall Lane (see my previous article on him HERE) who actually said this quote which explains his habitual failure ““The ideal reader, according to editor-in-chief Randall Lane, “is 29 years old, making $400,000 a year, and spending all of it.” (Still think that way Randy? What a total moron, this guy isn’t even smart enough to be a janitor) was failing BEFORE the financial crisis as evidenced by them turning off their air conditioning last summer to try to save money!

It gets worse:

Vendors and freelancers complain of their inability to get paid for their services. “There are a shitload of people threatening them with lawsuits,” says one ex-employee. And things would be even worse if not for a $300,000 short-term loan by chief backer Jim Dunning that’s covering operating expenses for the next couple months.

Uhhh yeah Portfolio, Randall Lane is notorious for his underhanded dealings, why should now be any different? Please you too should just close up shop ASAP–let Michael Lewis be your only reporter….please–otherwise your reporting is almost as bad as Doubledown’s, the writing was on the friggin wall–actually my blog’s wall–many months ago, you were just too stupid/incompetent/deceived to notice.

Seriously, how could an immature vengeful uber-self-promoting (and why shouldn’t I, I am up 243% on the year and my premium subscribers are banking all for only $1/day!) stock trader beat all these “professional journalists” to the punch?

I’ll tell you how, the publishing industry is another industry full of BS….and I’ll tell you that if finance and publishing are representative of American business, this country deserves to go down in flames…seriously….forget life, liberty and freedom, all the masses are doing are exemplifying is incompetence, corruption and ignorance….that’s what this country currently stands for.

PS Randy, remember that internship I offered you a while back, the slots been filled by someone infinitely more competent than you’ll ever be….that’s why me, a one man publishing shop…who is proving to the entire trading world that trading despised little penny stocks is actually quite predictable and profitable…is already more profitable and useful than you ever were…you had a chance for me to teach you to change and you blew it, enjoy drowning your sorrows in the beverages of your former advertisers.

Thanks to SJ for the tip on the article, I usually don’t even bother to read the gossip rags.

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  • jusblaze99
    TIIIIIMMM-AAAAYYY-BOOMBA-YAAAAYYY,

    yo tim i got an un-pennystock related question... dont get pissed and ban me from the site for this question..... Great Depression: Part Duex?
    Its funny because i am a finance major attending a University (lower level still so i haven't been converted to their stupidity), and its so F'ing pathetic. These hopeless fools in their suits with their damn plastic smiles, and thats just the students (im a black guy from philly and that fake shit makes me wanna start swingin LOL). Im gonna switch to Econ, but wats the point if we're going into another D....
    Also, u said u took up Philosophy, but i assume u took some business courses right? HOW'D THAT ACCOUNTING TREAT YOU....?
    did the BS that those professors toss ur way ever get under ur skin so much that u literally couldn't pick up the book without getting pissed at the profession it represented *cough,accounting*cough* , and the IDIOTS in said field?
  • Douglas
    Options,

    I did a one on one coaching session with Tim. I respect him and think he's a good teacher. Tim's made me money and I think he will go far. As for u, you sound like a real piece of shit.
  • and dont take my word for it, take the fact that the entire industry is drowning and yet somehow my business is booming...some are meant to last, most arent...survival of he fittest baby!
  • Options, i dont care about respect, been there done that, all i care about is making my subscribers $...if that makes me an outcast so be it, this industry is a joke anyway, i dont have time for liars, cheats, idiots and marketers
  • Options
    Timothy

    you truly are an idiot. You are not respected by your peers -im one of them - therefore you come off so arrogant and harsh to others - this makes you feel important and you really really need to understand - you are not.
  • who cares how i look to people who dont do research aka my critics...i do take criticisms, but only if they actually can back them up...so far none have....as for how i look, who cares, i'm making 50k/month, have customer testimonials coming frm everywhere and u'll see my track record get better over time...this is gonna be a cakewalk to industry domination since the industry is filled with liars cheats and idiots
  • Options
    Timothy

    you are really obssesed with certain things/people which means you are insecure and basically a loser. The fact that you wont listen to any critiques makes you cocky which will make you eventually LOSE!
    Stop spending your hours looking in the media and whats going on with other people's business and concentrate on re-vamping your image. Right now you're not looking too good.
  • uhhhh the26er, i did experiment with no followers, 1999-jun2008, trust me, the patterns are the same....dont believe me, look at the my DVDs
  • the26er
    nothing but assumptions timmy - if you truly believed they are all poor idiots, why not actually try our experiments to see how many actually do follow, or if you can perform same way without alerts. Sure, you cover early, screw things up...whatever, but the power of the group can force a trend on a stock to the point that outsiders take over and continue the trend. This was done easily by bestpicksrus..leader now in jail, but they were a small group that bought stuff out of the blue, and once the volume, or % was big enough, it spilled over to the chart/volume watchers that then took over - they dumped their shares easily on them, but because of all the additional volume, the trend kept going. Really straight forward stuff now.

    That's the last of that thou - I know you wouldn't budge and will always deny til death, although crap, if I was running the site, I'd want to experiment to see actual followers - make them open it to see the ticker...easy - that's what marketing is all about - you want as many opens as possible, you want to feel empowered by knowing all these people follow you...no brainer!
  • nice thesis but if u notice, the ones i bank on, i cover waaaay too early and the ones on which i lose, well, my followers for some reason dont make the stock act right...my subscribers are poor idiots who dont even understand they have to wake up early to reserve shares...look at the testimonials, its the same dozen or so each time...my critics are idiots who dont know all the facts
  • the26er
    Of course it's manipulation - sure, it isn't 'intentional', but what do you expect when you have 100's of people paying for a service and all most of them want is just the ticker symbol and that is it. You don't 'set out' to manipulate, but it's obvious that your alert does manipulate no different than any other guru out there with a big following - since you are getting in first, then alerting, you get the frontload, and they assist your cover.

    I get your point obviously, but wake up to what the critics here are telling you - your performance is BETTER because you have a bunch of people influencing the stock you just bought by shorting the heck out of it with you. Doesn't mean its an intentional act on your part, just means its a simple fact of what happens with a paid service like this with loyal followers...big deal, get over it and accept it for what it is - dats all I'm saying - you do the work, you can reap the reward of first in first out. You've said over and over you don't give a rats ass about mr SEC, so accept that your performance and the actual stock movement of your alerted stocks is obviously 'influenced' by the trigger button of 600 subscribers.

    Likely you just love stringing everyone along for fun and I have always assumed that is all you are doing - thats all good, but if you are really so naive to think only 20 guys are actually shorting these plays, please do yourself a favor and embed your ticker in the message and not the subject so you can truly see the number of subscribers that actually follow your every move. You will be surprised.
  • i manipulate stocks? watch my friggin DVDs, the patterns are more or less the same over the past 10 years, all i can do is say what i'm watching and when i trade them...its not rocket science and its certainly not manipulation
  • the26er
    Timmy, why do you seem to be obsessing about making a point about your 'group' not having any effect on the price? It's very obvious to everyone you have a big effect - proven time and time again especially with low float stocks (oh yeah sure, all the sudden on your alert they crash, and on your cover, they come right back up and resume their uptrend like nothing happened...r i g h t - that's NOTHING to do with you and your followers! As I believe someone mentioned yesterday, you put the stock alert in the message - well, of course the blind sheep won't open it - they want to react as quick as possible to buy that ticker - they don't care what it is, they don't care why you think it's going down...do as they challenged...DON'T put the ticker in the message and then see how many opens you get - post your stats on % opening now, and then post after a week of hiding the ticker in the email - think it would surprise you!

    To state 20 people out of your 600 whatever paid subscribers are all that actually trade the stock is pathetic....just call it what it is - you got a great system going, you have a great following, you manipulate stock movement with ease, and many people wish they could say the same...be proud in your manipulation instead of trying to always deny it.

    Of course, if you still honestly feel this way, then do as I challenged you a month ago - trade without alerts - trade privately for a week - let the results show up on covester - lets just see how well you can do without the following. Do it for one week, explain it to your subscribers - if you pull off a great week without alerts (and 10 of your closest deep pocketed friends), then you get to shut everyone up and prove you are god once and for all. That's all it will take to silence the critics of your manipulation.

    Of course, you won't do it - so keep playing your innocent angle, and we will keep bashing. Fun fun.
  • greymatter
    Dividend, Tim has LOTS of products. I went through the original pennystocking, and found it dearly lacking. It gives the general idea, but that's all, too general, nothing specific and no good examples.
    So Tim came up with pennystocking 2! wow. haven't gotten it yet, but it claims to have INTRADAY charts and would be better! Soon there will be pennystocking 3 with UPDATED charts from 2008-2010!
    Tim Raw is supposed to feature his daily activities! If tim were paris hilton I would definitely buy it.

    See, at the end of the day, all these products don't do shit if you don't learn your own shit. You are just going to keep making these gurus richer and complain and whine about how you bought into so and so and didn't make money.
  • Got to hand it to you Tim... You are always pushing the people who buy your products to learn and rely on you less. Got to love your sincerity in all of this.
  • less than 1/8 of my subscribers actually open the emails i send em, i'm guessing there's about 20 people who actually trade...its pathetic, but many people are just watching...thats fine, i'll win em over eventually, its not about everyone trading at the same point, theres many differnt profit angles, u get a dvd, u can even anticipate my trades and not need me any more...yowza
  • greymatter
    Misha, Tim just lost 600 bucks. If only all the subscribers pushed the sell button on his recommendation. Hopefully we get a billionaire subscriber following all of tim's trades.
  • sorry randy, gave u plenty of time as it is, no dice, u gotta learn your lesson that you're useless

    Misha, I short sell hyped up stocks, learn my strategies:

    http://www.timothysykes.com/store
  • Misha
    Tim isn't recommendation followed by enough people will drive the stock up naturally? Is that healthy that everyone buys what you recommend? Do you make money off of the people driving up the penny stock? I'm a beginner but it just doesn't seem right that everyone will buy the same stock(s) and not lose money. Please elaborate. I'm thinking about singing up.
  • Randy
    Tim, please give me another chance. I'll clean your butt with my tongue if you offer me another internship. I WAS WRONG. Please one more shot to live the dream.
  • greymatter
    Poor Randy. Go get yourself a brandy and drown in your sorrows .
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