LiveStock is today 1-2PM EST, tune in! We’ll be discussing this stock and van Meerten & probly have a whole bunch of moronic haters who don’t understand it’s not just “okay” to buy both short AND buy stocks, it’s REQUIRED to learn how to be a trader…adapting to the price action has been crucial to success
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If you read my post from last night on ZANE you’ll learn that I am a trader–I go both long and short…that’s why I’ve been able to turn $12k into $2 million in 3 years and now $12k into $120k the past 2 all while creating 10 instructional DVD packages and writing 4 newsletters.
Stubborn longterm short sellers didn’t like me buying Americas Energy Company (AENY) for a potential breakout (which I was wrong about on my timing as the big squeeze didn’t happen for several days) just weeks after I had shorted and written negatively about it and now John Welsh, a guy who by hiw own admissions does not trade based on charts, has issues with me buying a small position in ZANE two days after I trashed the company and I was shorting biggggg.
You now what: too damn bad! I don’t write reports nor do I trade or teach to be liked, I do it all to show you how I think and how I trade and what works vs. what doesn’t.
One of the categories on this blog is entitled “adapting” and I’ve used it for this post because that’s EXACTLY what my buying ZANE represents–I adapted my position because even though I think the company stinks and my research most certainly proves it, the stock wasn’t breaking down the way it should have, leading me and several other TIMalert subscribers to suspect this thing has legs.
So when TIMalert subscribers and John Welsh tweet and email me nasty things saying I got them stuck in ZANE only to squeeze them later–they’re dead wrong….I’d love to short this thing for eternity, but the price action now tells me it’s better to go long….so I’ve adapted….it’s too bad they don’t…it’d make them better traders.
my instructional DVD packages which get mocked by those who haven’t seen them, but praised by those who do (see a bunch of review here) and they detail this strategy of being able to adapt…
TIMalert subscribers knew all day that I was switching sides so tell me Welsh, is it really my responsibility to tell non-subscribers everything I’m thinking too? Really? Really? I mean I know I’ve written the phrase “only TIMalert subscribers will know my thoughts and trades in real-time” a few thousand times, but John, should I push that message harder….because obviously it didn’t get through to you.
Perhaps you should’ve spent the $50/month and become a TIMalert subscriber so you could’ve been better prepared….your $1,400 loss so far is your own fault and if I am right in that this breaks out big today and yesterday was a perrrrfect bull flag, then I will accept your apology because you not being a TIMalert subscriber means you miss out on the vast majority of my commentary and you don’t even realize it…perhaps it’ll take a $5,000+ loss to help you understand how good a deal being a TIMalert subscriber is….hell even if I’m wrong and this spike was just a fakeout, as it very well might be, $50/month is hardly anything for quality information and given your stance that “I manipulated the stock” based solely on your assumptions that I gave no warning…well, hell, thanks John, you just helped me prove how valuable my content is!
Read the post by John Welsh I’ve copied below before he deletes it due to embarrassment (as happened with Jim van Meerten and the CEO of EMGE…aka don’t battle the most brutally honest and transparent guy around, you’re gonna lose) to show you that the guy actually thinks I bought in order to squeeze him and my subscribers…but doesn’t understand that I don’t look forward to such about faces since I know the slow and ignorant won’t get it…but the buy must happen because my job is to comment on what I see and know to be true. If this stock does breakout big today, which is looking good pre-market now at $3.30, all those who got squeezed or bought because of my alert (although nobody should ever be trading my alerts) will say “oh wait, little Timmy has been looking at charts for a decade, he might know a thing or two and in this case he was dead on…thanks Timmy for calling such an improbable reversal, you are the man, John Welsh should refrain from calling people frauds since he doesn’t understand charting”.
I left ample warnings of my trading style (piggyback weakness in recently strong stocks, AND piggback strength in stocks looking like they could breakout) in hundreds of LiveStock episodes, my DVDs, past trades, past blog posts, basically entire existence, TIMalerts subscribers-only chatroom, TIManswers, pretty much everywhere that this stock was looking more and more like a buy and that if it closed strongly (which the holding of $3/share all day (LOL, was I supporting my bid, any conspiracy theorists out there? LOLOLOL) proved, I’d be a buyer late day
Here;s John’s emotionally charged truly ignorant post (anybody who uses Tumblr is scared of commenters, chickennnnnn):
It’s too bad. I used to at least respect Sykes as a trader but this method calls into question in my mind just how good he actually is.
Sykes tweeted me his research on ZANE monday after I was already short the stock about how bad it was. Confirming the 88k in cash, rest of the shady garbage in his article. Then, two days later the problem is not covering the short but then going long trying to squeeze people who read his research note is absolutely manipulation at its finest. Maybe this was his intent one could say.
Sykes is no worse than a penny pumping WHORE who has absolutely lost my respect. Most didn’t have respect for him anyway, but I did. All for 3k shares long eh Timmy? Absolutely sad and bottom line pathetic.
On my twitter site I call out what I see is BULLSH!T, and this move stinks. You have a DVD on market manipulation you could watch Sykes?
Anyway, this is why I got into the rare twitter war and I am done with this.
Welsh
It really stuns me that this “trader” thinks my adapting to the market and teaching (hey chicken, I trade small in order to teach, I don’t trade for trading gain’s sake, you ripping on my small position size shows how much research you’ve done) as to why I went from bigtime short to smalltime long is “absolutely manipulation at its finest”
We’ll see whether the big squeeze does happen today and if it does go to $4 then I’ll probly be blamed for propping it up…if the breakout fails, then I definitely am responsible for “manipulating it higher”…
You want real-time commentary today, don’t be as ignorant as Welsh and expect me to provide it on Twitter, join and become a TIMalerts subscriber
We’ll discuss this on LiveStock and Welsh, I invite you into the LiveStock chatroom too to share your side…good lesson for everyone to choose whether you wanna be stubborn or adapt…you know where I stand.
Posted in Adapting, Short Squeezes