This little battle is gonna be far more enjoyable than going after celebrities who think they can get away with whatever they want, TV commentators who pretend to issue real advice even though they have been sanctioned by the SEC, stock promoter liars like BestDamnPennyStocks.com (remember their little lie about naked short selling?) and penny stock CEOs with checkered pasts who accidentally admit SEC investigations because we already know those evil-doers exist and it’s easy to prove…those who have watched my 10 instructional DVD packages know I also talk about how many in finance are dumber than Forrest Gump and while there’s the occasional hater who helps me prove that point, there hasn’t been ANYONE in all of finance to even come close to topping, let alone matching Jim Van Meerten.
As you’ll hear early next week on a debate we just did on The Disciplined Investor Podcast, Jim Van Meerten is pretty damn stupid…he hates me becase he thinks I’m an egomaniac and a fraud and I laugh at him because I know he’s a dunce and it’s fun to mock those armed with less intelligence and know how, especially when they have caused others’ severe financial damage, as Jim has done. We each think we’re right and while Jim tries to defend himself with errors, baseless accusations and assumptions, my posts are backed by SEC filings, facts, a fully transparent trading history and 1,500 or so TIMalert subscribers who see how I trade in real-time….not to mention anyone can learn my proven strategy by watching my 10 instructional DVD packages. (one of which I sent to Jim to give him a chance at education…yup, I help those less fortunate).
Let’s begin with what started this, when Jimmy Van Meerten wrote positively about both Clear-Lite Holdings, Inc. (CLRH) and NXT Nutritionals Holdings Inc. (NXTH) just 1-2 days before both stocks cratered 50%+ within hours, leaving all those who were long to be stuck with massive losses…the quick drops made stop losses irrelevant.
Both stocks rose ONLY because there were promotional mailers out on them and a future $300,000+ mailer even quotes Jim Van Meerten’s article, leading many, like me, to believe he has some connection with the promoters.
From the beginning, I said either Jim is very unlucky, very stupid or very corrupt. He claims innocence in regards to the corruption part (which I have no way of proving or disproving) and his follow-up blog posts and statements pretty much prove beyond a shadow of doubt his general lack of intelligence and possible senility.
Here’s my evidence as to why JIm Van Meerten is the single dumbest guy in the world of finance, potential senility aside:Just like with Shaq, we’re gonna take a poll, let’s see what you guys think:
1. His articles on CLRH and NXTH both summarize their Yahoo! Finance profiles and quote some technical indicators from BarCharts.com, after each had risen, some say were manipulated higher, 17+ days in a row. In blog posts and in our debate, Jim claims they were purely technical calls, not fundamental and he admits to not having read their SEC filings…he says he liked NXTH because of the multiple press releases about their product getting into new stores (but if he had read the SEC filings, he’d know despite their hyped up press releases, sales dropped 60% in 2009)….NXTH is now down an astounding 76% in the last month and CLRH was forced to restate its earnings.
Reality: What kind of messed up technical screen spots stocks after they’re up 17+ days in a row? Jim claims to be an experienced investor with 40 years in the business, but how in the world could he not read a penny stock’s SEC filings? In our debate he says OTCBB stocks are so risky, he wouldn’t even recommend them to day traders, so why write 2 articles about two penny stocks? And don’t forget we’re talking about companies WITH THE SAME PART-TIME CFO AND WITH THE SAME IR FIRM!!! And that IR firm has a hugely checkered past. Yup, as a real stock market commentator website says, these two companies are connected like Siamese twins….very suspiciouso that Jim wrote about both just days before each collapsed…thinking of coming out with a Meerten indicator: whenever he writes positively about a penny stock, look for shares to short ASAP, just as I would with any stock written about by a stock promoter.
2. After getting crushed in our debate which you’ll soon be able to take great delight in listening to, van Meerten took to the Motley Fool (don’t try to click it, it got deleted by Motley Fool and they gave him a warning about taking away his posting privileges…trust me, I didn’t complain, I love correcting wdespread misinformation) to write about, among other things, how I:
…even went on Andrew Horowitz’s podcast and made these accusations. Finally in February it all came out. On his site he bragged that he had shorted the stock at 3.19 and covered at 1.94. All the time he was trashing the stock and anyone who ever made a positive comment about it he was trying to make money shorting it and not disclosing what he was doling.
Reality: You can listen to my podcast on The Disciplined Investor from January 24th when I talked about XTH and van Meerten but I WAS NOT SHORT NXTH THEN….in fact, the second mailer didn’t come out until the first week of February and I didn’t short until the second week…the entire time I was ripping on NXTH and Van Meerten, I couldn’t find shares to short, which Jim could’ve discovered had he known how to research and read…ideally checking out my premium site http://www.timalerts.com which has all my real-time trades posted…and about 1,500 subscribers get emailed, text messaged and now PennyStocking Silver subscribers even get IMs when I make a trade.
3. He goes on to say I post under fake aliases:
I started researching and found that every time Tim published something on the Internet within minutes a bunch of anonymous posters would agree and tell Tim how brilliant he was. Pretty soon it became apparent that either Tim was in a conspiracy with others to self promote his posts, DVDs and subscription newsletters or he was using several false email names to promote himself. These Seven Dwarfs — I call them that because they seem to be as imaginary as the dwarfs in the fairy tale and follow him everywhere; always posting within minutes of Tim but never revealing their true identities.
Reality: other than getting quoted by stock promoters (sketchyyy), Jim van Meerten has no followers so he cannot understand that my followers follow and comment when I post something, especially on my Twitter profile (follow me already!) with 5,000+ followers which is also tied into my Facebook account with 5,000 more followers. Motley Fool might’ve deleted van Meerten’s post, but he reposted his article on his blog and when I tweeted it and several of my TIMalert subscribers commented, Jim commented “I rest my case. Tim says no one reads me and I don’t matter but in minutes of Tim discovering my post we hear from little Timmy and all the Seven Dwarfs.”
4. Jim says:
If you were an investor who held a long position in NXTH and lost money you need to file a complaint with the SEC. It is totally illegal to make comments either positive or negative about a stock in an attempt to influence the price of that stock without disclosing if you have a financial interest in the issue. Tim and his Seven Dwarfs trashed this stock all over the Internet, caused it to crash and never disclosed their dealings in the stock till after they closed their positions. They caused investors to lose big time and profited from the dropping price.
Reality: No Jim, watch yourself, you are the one to blame here, the stocks dropped 50%+ after YOU recommended them…you might just be an ignorant old man, but you should NEVER accuse me of doing illegal stuff (I wasn’t short for the many months I EXPOSED this stock for what it was….I should sue your old man diaper ass ASAP, but it’s more fun to dominate you publicly and expose you for the moron you are).
I am not to blame for the stock price’s fall—this is how paid promotional stocks ALWAYS drop….I have time and again encouraged the SEC to GET involved here and guess what Jim, they won’t be looking at me, they’ll be looking at those who paid $800,000 for the promotional mailers and YOU…you unimaginable moron, if you had the slightest clue of how promotional mailer stocks work, but no you don’t, do you? You don’t even bother reading SEC filings. Go watch all 10 of my instructional DVDs immediately before you have to pay your lawyer tens of thousands of dollars in fees to apologize for your blatant stupidity.
Here’s a bunch of past promotional mailer stocks, go look up their charts and tell me what you find CVRG, USCN, GAEC, BONU, AMLM, AMNP, ADEC, KYUS, HYHY, SPNG, GVBP, EMGE, GWSC, UOMO, NENE, GFGU, HEB, IMGG, NXTH, CLRH….and no I didn’t short all of them, couldn’t find shares to short, which is why my strategy isn’t scalable…which is why I teach…come to think of it, you’re not selling anything…you’re not a fund manager, why do you teach…why don’t you show your track record? Perhaps you should educate yourself before endangering those around you with lack of regard for factual research.
5. As I said, Jim’s Motley Fool article got taken down so he did a whole new post whining about it and claiming he exposed my “penny stock manipulation.
Reality: Jim, I simply posted the promotional mailers and pointed out that NXTH’s sales dropped 60% and they were running out of cash and have always had losses…I’m not the one who sided with a promotional mailer that claims worst case scenario NXTH investors will likely double their investment…are you blind too? Do you really want to side with such a promotional mailer? Nobody could be that stupid, really? Really?
6. Jim tried to do some research on his own and found my hedge fund past saying:
Tim claimed to be a boy wonder and a successful hedge fund manager while still in college. He claimed his fund was #1 in its category. The truth was Tim proved the old saying: The way to make a small fortune in penny stocks is to start out with a large fortune. Tim’s fund lost more than 30% of his investors’ money. At the time the fund imploded it was only worth 3 million dollars. To put that figure in perspective ask any friends you might have in the financial services industry how much new money a Registered Representative has to bring in each month to make a living. The average rep working for a major firm must bring in 2 to 5 million every month or he’ll be out of a job pretty soon. After several years the maximum Tim could bring in was 4 million, mostly because of poor performance but charging a 30% performance fee for an untested fund when even the largest and most successful funds could only get 20% shows what an ego this punk has.
Reality: LOL, this is just too easy. Jim, go learn to read and pick up my book An American Hedge Fund…it’s all about how my strategy is great for poor people, people like you, but my fund lost 30% WHEN I GOT AWAY FROM MY STRATEGY AND ACTUALLY BELIEVED IN A PENNY STOCK…and you know what, that loss made me infinitely wiser and a better teacher…Jim, you didn’t bother learning about my investing error did you, all it would take would be to read this simple blog post in which I detailed my error...again, proving your inability to do research of any kind….people like you should be tarred and feathered for public humiliation, especially for wasting my precious time…why hasn’t your family sent you to an old person’s home yet, preferably one without internet access.
7. Ignorant Jim just keeps going downhill:
Now let’s be honest. Penny stock trading is not for the novice investor, it’s only appropriate for the well financed speculator. If you haven’t accumulated $100,000 in your portfolio you have no business in the penny stock arena. Tim claims to have sold 10′s of thousands of his DVDs and subscriptions. Now if just 30 speculators with 100K each followed his advice by his own admission the strategy would implode and cease to work. He claims 10s of thousands have bought his DVDs and subscription and they are all making millions. You do the math. His own logic says that is impossible.
Reality: is anything this guy can ever whip up in his bird-like brain accurate? Nope? Penny stock investing isn’t for the wealthy, it’s for poor people! (which is why you now have a blueprint of how to turn $12k into $90k in 2 years…speaking of Jim where’s your track record? Do you have ANY successful investments? Highly doubtful given your inability to do research)
To date, I’ve sold between 2,000 and 3,000 DVDs, mostly to people with under $10,000 in their accounts…when in the world did I ever claim people are making millions? Old man, you’re testing my last nerves with your lies–you forget I have 3000 daily readers who are witness to every single thing I post and say, you have about 30 readers which is the only reason I can imagine you think you can say whatever you want. Reaper is one of my best students AND affiliates and like you, he was skeptical of me too–look at his first blog post saying I was full of BS.
8. The idiocy goes on:
A reputation build on a 30% lose in a minuscule little fund? You go figure.
Here’s where fairy tale gets good. Tim claims that the reason his fund failed was that 3 million dollars chasing his strategy was just too much money and that much money trying to chase profits in penny stocks that trade only hundreds of shares a day or sometimes not even trading for weeks just won’t work. Tim and I both agree on that. So what does Tim do?? He starts selling DVDs and subscription newsletters to the unknowing public with his ideas on penny stock speculation.
Reality: Jim, my reputation was in tatters when I started blogging, hence me blogging in the first place…I single-handedly built it back up again by turning $12k into $120k in the past 2.5 years, detailing every step of the way…what have you ever done?
And no I don’t trade illiquid penny stocks, after you watch my PennyStocking Part Deux DVD you’ll either have a heart attack and die since you’ll be so shocked at how wrong you were or you’ll write an apology blog post…I could care less which happens, but know that your assumptions are just plain boring…but yes, they do help make the case that you are one of the dumbest people in all of finance.
9. Jim you’re crossing the line with this comment, how much you worth, I’ll take all/a lot of it…you see I run my mouth, but I’m sure to have the facts back me up first…you can’t just claim I’m a fraud and lie and manipulate when you present ZERO facts….biiiiig mistake Jimmy, you’re letting your senility get the best of you…check out what the moron says and give me ANY reason why I shouldn’t sue his ass ASAP:
This is going to be a long series of articles because the charlatan has told so many lies. Hopefully the last installment will be when all the complaints to the SEC about his undisclosed manipulations have resulted in an indictment, prosecution and sentence for stock fraud.
Remember to vote in my poll, based on the evidence above, you tell me, is Jim van Meerten the dumbest person in all of finance?
LOVE LOVE LOVE LOVE that this guy thinks I have “undisclosed manipulations” when my entire business model is based on brutal honesty and transparency…what’s the age limit on suing delusional old people? I guess his family could claim senility. Seriously Jim, this is how honest and open I am, is it worth my time suing you for your blatant lies and accusations? Do you have enough gas in the tank to make it through a public trial?
Posted in idiots, Stock Promoters