CHATROOM

One Reader’s Mom Doesn’t Want Him Following Me Because…

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Got this great email from Glen Bradford (he wanted me to use his name, so there ya Glen, hope this doesn’t get you a spanking from mommy) a few weeks ago and thought I’d share:

I’ve been loosely following your stuff. Told my mom she
should look into you cause you make money. Thought her response was
immaturely hilarious and that I’d share it with you.

I was reading some stuff- he is very rude. That is not necessary and
immature and unprofessional. Please don’t use that behavior as your
role model. If what you have to say it that important the facts
should stand for themselves. Please work on respect and appreciation
instead. That’s what most people really want. Oprah had a whole show
on it yesterday. You wont get older rich clients by being a jerk.

Dear Glen’s Mom,

There is no respect and appreciation in the stock market, especially in the gutter of the stock market aka penny stocks. Being rude is not only more fun for me/entertaining for my readers–God knows finance is boring enough–but it also helps my students understand that game is not about being polite and superficial, that way of working on Wall Street is dead.

The key to lasting success on Wall Street is to do business fairly, don’t be too greedy and don’t trust anyone.

Oprah has built a great brand, but her audience is different than what works on Wall Street. In fact, I’d wager if her audience tried trading, 99% of them would fail within the first week or two.

No, I will continue doing what I do, the way that I do it, most importantly, because my rudeness, unprofessionalism and immaturity show that I’m real, unlike the rest of the BS snakeoil salesmen out there.

PS I’ve already said this several times, I don’t want rich clients, my strategy works best for poor people & poor people are real…like me.

Posted in Blogging, Haters

  • Tony Ellis

    Bought COIN @ 10.5 late yesterday and sold @ 12 near the open. Been studying your DVD. What’s my grade?

  • Whiskeymac

    I watched COIN for hours today. At first I had my finger on the short button but didn’t pull the trigger. Then the long button but it reversed, then short button. In the end I realized I didn’t have a clue what to do. Nothing done but great entertainment.

  • Bobby

    Why dont you ever trade e-mini futures? Thats what the big boys with lots of energy like yourself play. Instead of making $50 a day make $5,000. Step up to the table boss

  • cynic

    just a question of when someone pricks the balloon…………………….

  • timsykes

    Sold A Tony Ellis, good job, the student becomes the teacher!

    i don’t trade futures, no edge there. i have 10 years experience in these penny stocks, not gonna waste it and no time to learn new stuff

  • Chileeater

    Tim — I love reading about your daily trades and have learned a few things. Gotta ask you though about your comments on COIN and a SEC halt. What is your reasoning behind that statement? Do you really think their business is all smoke and mirrors, or are you trying to pysch out the longs with such talk? Just curious. Chile

  • cynic

    When you factor in your time over the past few years picking stocks, how much ($/hour) do you figure it adds up to?

  • tinycock

    Tim,
    Love the site and your commentary, but had to break out Adblock to tame the ad-insanity that is your site. I realize you are trying to make a buck, but damn its just too much garbage all over the place. If you could settle on a few decent paying ads instead of slapping them all over the page, that would be cool.

  • cynic

    probably due to the company’s ties to Jim Blackman…former PR guy for Host America (CAFE) — a prior “halt victim” that got SLAUGHTERED when it reopened…

    if you want, just google “jim blackman” and pr financial and you can see other stocks he’s been involved with… a whole lot of OTC stocks…the ones where he became involved a year ago + the stock has been killed……

  • timsykes

    I ention an SEC halt because thats what happened to a very similar POS company, CAFE. Read my book for all the details. I could care less about psyching out longs or shorts, I just call it the way it is.

    You can’t look at the market to pay you per hour. This isn’t some BS fee-based biz, this is researched gambling. Its an education–actually pretty amazing that u can learn so much even while making money, wish college tuition was like that!

    You will deal with the ads, until somebody else as honest as me comes along, you have no other choice. And yes, when I close down my paying business, I need to still earn a buck for all my work. If you don’t want them anymore, just help me sell 100k books and i promise all the ads will disappear! A

  • D

    Tim, why do you refer to these stocks as “penny stocks”? …COIN is $12 is right now…am I missing something?

  • timsykes

    Penny stocks all have similar characterisitics, they’re POS companies, hyped up from time to time, played by day traders, are low priced, COIN, APWR, they’re all the same, whether they spike up a little more than others ar enot. just a general term really. lesser marketers would call their DVD “POSstocking”

  • Funterpwave

    Tim, quick question for you: When do you think a position is too large and makes too big an impact on the price? In other words, a $5 stock trading about 500,000 shares/day, what would you say is the largest position you can take without pushing the price up/down before filling it?
    BTW, what do you think of PAL. Have been trading it for a few days and it just keeps on going up. Just went right by resistance at $8.50.

  • timsykes

    i dont like to be more than 1-5% of a stock’s total trading volume on the day.

    ignor PAL, its a commodity play, not subject to the same rules

  • Me

    Timmer!

    Only a person with a avatar name of “tinycock” write such a stupid post about what you put on your website. In my humblest of opinions (which is rare) you provide a service, albeit a free service(essentially teaching people how to play penny stocks and make money… FOR FREE!)

    Meaning, you can do as you wish, when you wish, how you wish… without explanation to garbage posts like that. What a (small) prick! And I’m making fun, he said it first.

    “Tinycock” do me a favor and don’t post that kind ignorance here. If you’re interested in learning great, let’s learn together… but if you’re gonna post that kind stupidity do it on a site that can help you with your little problem.

    Peace, love and hair grease!
    @

  • timsykes

    Let the haters come here, I’ve got NOTHING TO HIDE. It’s funny that they don’t do their research, mistakenly believing I’m the latest scam artist. People are like abused dogs, hurt by too many snake oil salesmen. Wait til they see I’m one of the good guys!

  • http://themarkettrend.wordpress.com Kevin Watson

    Hi Tim

    You have a great attitude and i love it.

    I am still learning my trade.

    I trade options in the leading stocks from the highest leading industries groups using technical indicators, good money management, patience, dedication, passion and a few years of hard work.

    I am up 179% since November 2007 and have made only 4 trades with a win ratio of 50/50

  • mike

    Hey Tim, check out Coin’s message board, those paid pumpers are attacking you..

    Coinmaster …. pumping coin in the board 24/7
    Psgprocraft…. gives misleading financial information, comes up with 3 EPS per share for coin out of thin air
    Gemsallion …. encourages people to buy and hold and never sell until coin reaches 50.

  • timsykes

    yeah fun stuff, what a total POS. wish it weren’t acting so strong, but these pumpers are doing a good job

  • mike

    I know that Coin overvalued pos will go down eventually in the future. But based on your experience , when will the pumpers dump this POS and make all the amateur traders to become “long term investors?”
    In other words, when will this bubble burst?

  • Brian D

    Still holding the ever so slutty IDMI, have been holding ONTY and DTPI for a few days. IDMI just needs to tank to $.80 so my dreams can come true the longs are retarded on this one.

  • eric

    Tim,
    Thank You, appreciate your insight, wish we could short in our IRA’S.
    Any thoughts on valence? vlnc

  • Vince Parker

    Coin shorts be warned: If you are negative on coin, I am too, and post on the coin message board in any kind of convincing manner, PSG Procraft will report you to the SEC. He has reported me and another guy in my stock group. He is a pumper fascist gone wild.

    My favorite short now is NOVS. It ran from 1.14 to 2.21 this week only to settle back at 1.96 at the close yesterday. The run is on no significant news. There was yet another Wachovia extension a week ago but the move is apparently driven by several brokers making shorts buy back their positions which it seems is now mostly over.

    Their last couple of earnings reports came Friday after the close, and due to report any day, my guess is this is the night they report another half a billion dollar loss for their 18M dollar market cap company. I think it takes the stock back down to the low ones if not tonight, next week sometime.

    Shares are available to short at Brokers that clear through penson like thinkorswim etc.

  • Alvari40

    Added 1/4 position to CEC short, bringing todal position to 3/4 size.

  • tsa

    OPTV is up 38% due to good earnings.

  • timsykes

    who knows and who cares when the COIN bubble burst, it needs to take out support levels first, that’d be a sign but right now this is still a major breakout and now with some consolidation…it could be a fakeout breakout, but then it’d have to break below $10 to confirm that….aka bubble aint bursting anytime soon

  • Alvari40

    In full position CEC. Theme of the day is to short shitty children food companies.

    Also shoted AKS again at $49.00.

  • timsykes

    why short CEC–its an earnings mover and the chart looks like a solid bottom.

    and why short AKS, thats a multi-month breakout?

  • Ivan Mutaftchiev

    crappy market…no volume …I shorted COIN when it crossed below 11.50 and also APWR when it crossed down thru 18.00 …none of them did anything after that…I covered both at pretty much even money (less commissions)…

    I guess they were probably not good short candidates to start with….

    Should have shorted IDMI at 2.70…but I was waiting for a better entry point…yesterday it climbed up to 2.94 before it tumbled back down….

  • Alvari40

    Tim,

    The move up to 27.20 was straight into overhead resis that dates back to Aug of last year. They reported a net loss in Q4, and earnings per share decreased. So, I saw the “rosey outlook” to only play so long in Peoria. The overhead resis was the perfect place to test to see if burned longs were going to run for the exits. The stop just above the big bar offered good risk:reward. I also bring in my own bias (which is a short coming) of believing that CEC is yesterday’s story – shitty children’s food that causes obesity and crappy games that are covered with snot. A bias that I cary with me. Lastly, I like to find failed bullflags on these stories. I then just wait and peck away until it doesn’t work. BTW, I don’t play these as long term plays – it’s in-n-out.

    AKS is more technical for me. I use a self-made momentum oscillator matched up with various timeframes (daily, 240, 120, 60, 30, 15, and 10 minutes). I look for multiple sell divergences to line up. I then peck away with 1/3, 1/3, 1/3 positions. I am not good enough to pick the tops, so I may end up taking a bit of heat with my first position. However, I will not add to a loser. I will wait until I am in the green with the first position to add with the second third. Anyway, the daily, 60 and 30 minute timeframes lined up and yesterday was the pop. However, I exited my position about 20 minutes ago due to a 15 min buy convergence hitting my chart. I am not wedded to my position, so, take the profit and run. If the sell divergences continue after the buy convergence is over, I will peck away one more time. The monthly timeframe is too far away as far as my timeframe is concerned. I may be interested in going long for a swing or investment because of that, but I would wait for the multiple timeframes to correct themselves from their sell divergences before I went long.

    I do all of this for a target of $300-$500 per day in profits.

    Thanks for asking.

  • S Adams

    Keep your eyes on SHZ. It has some vulume and right now is headed up. Compare it to CHNR.

  • timsykes

    Awesome Alvari, now thats a freaken explanation!

  • Tony Ellis

    Alvari, wanna write a paper for my Analytical and Economic Concepts class Monday? I’ll pay!

  • lmsmith

    This market SUCKS!!! wow…..

  • http://www.glguideservice.com Jeff C

    GFSI anyone?

  • http://www.glguideservice.com Jeff C

    or TLCV…..won’t make it past 2.60

  • Alvari40

    Thanks guys. Tony, you don’t want me writing anything. Too funny.

    Covering 1/2 of my CEC position (+0.45). Move stop to break even on remainder.

  • Alvari40

    Covered rest of CEC position (+0.31).

  • http://www.glguideservice.com Jeff C

    EMMS Fluff on Casey Kasem…starting to break back down

  • Barney

    Why do you call APWR a penny stock/POS when it earned $15M in ’07 on $143M in revenue?

  • timsykes

    I’d trust APWR’s financials just as much as I’d trust a child sex offender at a playground.

    SHZ and FRPT are both looking interesting for buys into the close, wish SHZ would slow down and FRPT to go down quicker though

  • ETQT

    why do you say FRPT is a buy into the close after it goes down? down how far?

  • Barney

    Is there a specific reason you don’t trust APWR’s financials?

  • timsykes

    APWR is a Chinese smallcap, enough said.

    FRPT, I dunno, its not a very reliable chart pattern to buy into, but usually good news, late day sell offs are followed by a 10-30 cent gap and spike the next morning. the weekend helps. we’ll see, not definite by any means

  • ETQT

    what do you think about SHZ over the weekend?

  • Mike

    You aren’t that poor Tim, don’t lie lol

  • Coen

    comparing Oprah to Tim….lollzzzz

  • HopeSolo

    Wow, Tim was actually courteous and polite in his letter defending his rudeness to someone who called him a jerk. What world is this?

  • GG

    Tim, i thought you were rude and obnoxious too when i first started following you, (back in January, 09) but I watched you on live stock and that’s when I totally understood the method to your maddness, and now am a big fan of yours. BTW, I agree, all these penny stocks should be slammed, and don’t stop uncovering their lies. Your method has actually help me see through so much bull shit on any stock, and also on life in general. Ha ha ha ha….Life seems alot more fun when you can SHORT the the BS to oblivion!. And yes, some of those e-mails you get are outright funny with the readers naivete. But I think you have much more patience with them than I would have! Cheers, keep up the good work, and thanks so much for the free site and info.
    yes I’m poor, sorry can’t afford your DVDs, but understand your system.

  • Alsandair

    Classic. lol.

  • http://thedailyvento.blogspot.com johnnyvento

    What if you had to choose between the following two people?

    1- This person trades both long and short, is an expert trader, trades everyday, has a high accuracy percentage, trades many different vehicles, is kind to people and never insulting, and takes the time to give individual attention, and makes money hand over fist

    2- This person trades only short, trades occasionally, trades only one kind of vehicle, has long losing streaks in a row, is rude, and has a mediocre record for 2009?

    I don’t even get paid to do endorsements, but the kid’s mother has a point.