Archive for the ‘idiots’ Category
Why ANALysts Are Useless For Individual Investors: Sirius XM Radio Inc (SIRI) & Apple Inc. (AAPL)
I rag on ANALysts quite a bit, probly cuz their track records uniformly suck and yet they still get paid some decently to suck. More importantly, many people actually listen to these people who suck (Is that why they’re called suckers?)
How To Talk To Customer Service Reps–IMPORTANT For Trading & Life
When I was booking my Japan trip, I impulsively booked a flight combo that was a really good deal, relatively speaking. Think $4k for 2 people for 3 roundtrip flights (my girlfriend and I are also going to her cousin’s wedding outside of Vancouver aka the initial excuse to travel so faaaaaaar), but when I had to change 1 of those flights, it cost me several hours talking to customer service reps from both Air Canada & Orbitz, everybody telling me it was impossible to change just 1 out of 3 international flights…but I didn’t believe a one of them.
And then, one kind Air Canada customer service soul, Jane, told me everyone else was lying and she processed my transfer rather quickly and for only a $200ish fee!
Damn It Feels Dumb To Be A Published Author
Hey, I like reading the blog, Leveraged Sellout. No matter that he writes about as often as a penny stock isn’t a fraud, aka rarely, the guy’s funny and entertaining.
I mean back when I was a media whore, I was pretty jealous when over a year ago Businessweek called him “The Borat Of Wall Street” (see article HERE), but now I’ve outgrown that stage so all I can take out of that article is the fact that Businessweek was impressed by his 120,000 monthly page views, which is basically a week’s work for me now.
And this, in a nutshell, is the problem with publishing books through traditional methods–it takes forever aka 2 years. 120k views might’ve been good for a business blog back in early 2007, but now it’s shit. And Leveraged Sellout, real name Amit Chatwani’s, amazingly inaccurate titled new book, “Damn It Feels Good To Be A Banker“, which I haven’t read, nor have the time to, nor really care to, is obsolete:
Scotty Doesn’t Know: Why My Latest Ignorant Hater Proves TIMalerts Value
In a comment posted HERE, “Scotty” says:
Timmay…baby…look’s like this site is dying a slow death. Better ratchet up the ol’ promo machinery. Perhaps this explains your surly mood that cut short this past Friday’s LIVESTOCK. Oh…and a little advice on LIVESTOCK - when you bring nothing to the table with absolutely no preparation and simply respond to inane questions, what do you expect?
Well, to quote a genius Matt Damon music video (see it HERE) from a disappointing movie–Scotty doesn’t know!
To All The Whiny Bitches Who Have Recently Visited My Site:
In a comment posted HERE about TIMalerts affecting the patterns we stalk, Yngvai said:
You say someone should anticipate it all, but the subscriber base changes the variables that you teach.
The “afternoon fade” is exactly that. A fade, not a tank. Yes, they occasionally do turn into tanks, but the TimAlerts certainly increases the probability of that, particularly with a low float stock. Before TIMAlerts, I saw many examples of afternoon fades. Most (not all) were slow and predictable, and timing of entry didn’t need to be perfect. But the subscriber base changes all of that because subscribers will jump in at the same time. TIMalerts suddenly make perfect entries more critical, which doesn’t sound too good coming from a guy who admits to being horrible with his timing.
Why Rodman & Renshaw Capital Group Inc. (RODM) Just Telemarketed The Wrong Blogger
When David blah blah blah (the guy’s name was lost to me laughing outloud) of Rodman & Renshaw phoned me this morning to let me in on his “upcoming dealflow”, do you think he realized he was trying to pitch scammy PIPE deals (usually toxic financing for only the worst of companies that can’t raise $ any other way) to a blogger who focuses on short selling the very piece of crap companies he looks to hype as “greatly undervalued assets” or “tremendous opportunities”?
How To Turn $1,000 Into $3.3 Million Short Selling Penny Stocks
No joke, this is an email I got the other day, the name and ticker has been deleted to protect the guy from getting his ass beaten:
hi tim, i have been wondering about short selling penny stocks forever and to me it makes complete sense. i just came across an article “How To Short Sell Pumped Up Penny Stocks” on yahoo.com via tradingmarkets.com and came across your name.
this is what i had in mind…as this example is a public stock that a group of friends on mine started up
stocker ticker: XXXX
issued at 2 dollars a share on 9/05/2007
currently trades at 0.0006 (july 24 2007)
lets say i shorted 500 shares of this stock on 9/05/2007{1000 dollar initial investment)
For the next few days i decide to buy my stock(get out of it) at an average price of .0006 cents a share.
The question i have to ask for you, would my profit from beginning til now be roughly 3.3 million.
Guess What I Said To The SEC On Twitter?
Sure, you can write letters/email them on their official website SEC.gov, but since they are so understaffed, underpaid, inbred, illiterate and incompetent, there’s little chance you’ll actually be heard–unless of course you’re writing about insider trading, as time and again that’s what these dimwits have proven to be their only concern…
So when a few bloggers started writing about how they were on Twitter (see their profile HERE), a rather new form of internet communication, I had to direct message them my thoughts (since there’s a good chance they won’t be able to ignore that) (See my Twitter profile HERE)
Housing Ain’t Bottoming, You’re All Gonna Be Poor!
I just had to link to this great post from Barry Ritholz on housing (Click HERE to read it). I truly hope it does play out like that cuz all the dumb money really deserves to be punished…justice must be served. And, considering the investments already made by folks leveraged to the hilt, that justice could turn out to be very cruel very shortly. (HERE’s another good post of how bad it is)
Who knows what’s actually gonna happen, it’s a guessing game–all we know is that in the end, whoever correctly guesses bullish or bearish before any rebound or crash is gonna be honored to death, no matter that they have a 50% chance of being right and even if they make a few more right calls, the sample size of their “genius” is so small it’s like calling someone in a casino who correctly bets on black five or six times in a row a genius. Obviously no sane person would call a degenerate gambler that, but this is finance baby, an industry that is so backwards, it’s gonna take me decades to get everyone to realize how corrupt it all is & how you can profit form it (yet another reason to wipe ‘em all out).
Don’t even get me started on how much better PennyStocking is, predictability- and credibility-wise (now THIS is a useful sample set), we’ll save that topic for random rants to be posted over the next decade…for now, just know–as I’ve also been advised by several bigtimers–don’t even think about trying to predict the market/economic/housing bottom, we’re paying for waaaaaay too many sins of the past. Just play it safe with ALL your trades and investments and make it through this deleveraging/credit unwinding, profiting from individual ideal plays whenever they decide to pop up…
I Like Paul Farrell, America Is Going To Hell & Taking Value Investors Down With It!
Wait, there’s a good article on Marketwatch?!?!?!? At first, I couldn’t believe it myself. Other than TH’s trading war stories, I haven’t seen anything useful on that site since the Nixon era. But now Paul B. Farell has got my attention, and my respect, for writing THIS article entitled “11 reasons America’s a new socialist economy”.
After all, it doesn’t really matter what you believe politics- or investment-wise, the fact of the matter is our country stopped being great and now everyone’s scrambling around to figure out where we went wrong.
The incompetent SEC is trying to skapegoat short sellers (FYI prohibiting a free stock market and trying to save suicide kings like Federal National Mortgage Association (NYSE: FNM) — Fannie Mae — and Federal Home Loan Mortgage Corporation (NYSE: FRE) — Freddie Mac — screams socialism.
And investors, specifically sissy value investors, aren’t helping as their flawed ideaology is losing sheep-like, marketing-gullible investors prey billions as their “long-term investments” in bumbling behemoths like General Electric Company (GE) & American Express Company (AXP) goes straight to ____________ (fill in with the derogatory word of your choice).
Blah blah blah, enough of me whining, see some of the article’s snippets below to see how much better of a whiner Farrell is:
You Think I’m Gonna Make Up Aliases? Prepare To Stand Corrected!
I know, I know, I’m behind on several planned blog posts, but when I see comments like the one below, I just can’t help but respond:
No offense to the “real” diehards here but you all do realize that all these people claiming to have purchased the DVD and books is just Tim pumping his wares right? No difference to me that this is happening as I think he has a good system but c’mon. Maybe I am just a cynic…it’s just so blatantly obvious.
I will say that I do like to come here and find some good names to keep on my watch list as many of these “real” companies that explode and can be shorted, are actually good longs that you can buy after the meteoric rise and fall. If it’s a good company, the stock will withstand the straight up and shorted down and rebound upwards i.e. HYGS, TGC and most probably JOEZ. Thanks for all the info, but no thanks on the DVD’s. LOL
After I saw that, I asked a few others if they thought I was making up people and testimonials to “sell my wares” and they said YES?!?!?!? Are you guys
The Economist Knows What Evil Lurks In Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE)
I really wish I could stop writing about FNM and FRE, but the implications of their current situation are just too great to ignore. THIS new Economist article details their problems well so that even the dumbest, most financially illiterate of you out there can understand that these government backed monstrosities could very well take down our economy, and along with it, our precious/ideal pump and dump trading opportunities (which is why it’s relevant to us…yup, wonder why the spam campaigns haven’t been goin’ crazy the past few weeks?)
“You Blew It Up! Damn You! Damn You All To Hell!” The Penny Stock Version
For all of you who haven’t read my book An American Hedge Fund or watched my PennyStocking instructional DVD Package, back in March, I wrote about CYGT being the stock, the sole reason, as to why my hedge fund lost 35ish% over 2 years in 2006 and 2007 (see blog post HERE).
Tough, tough, tough, tough, tough lesson, but it made me more cynical, conservative, an infinitely better teacher and even more determined to stick to my core trading strategy, a strategy that has yet to produce a huge loss, especially when I stay true to its quick loss cutting principles.
Anyway, that bankruptcy filing was pretty much the end of the story for me and the 1 million+ shares of CYGT I’ve still got–maybe I’ll frame the stock certificates as a reminder of how corrupt/bad/lying/failing (not personal just business) ALL these tiny companies are–but the other day came the nail in the coffin as the company
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
| July 30 | USS | $2.54 | $2.69 | $205 |
| July 29 | USS | $4.05 | $4.61 | $823 |
Total: $25,376 (
104%)
