Archive for the ‘Peddlers’ Category
TIMalerts: Special Premarket Watchlists And Real-Time Trade Alerts Emailed To You!
As I mentioned in a press release this morning, since I’m 50% in the past few months–even while making tons of bone-headed mistakes–people have been asking for an easy way to follow my trades in real-time and while Covestor is good, it’s not exactly real-time.
So, I’ve come up with TIMalerts!
Not only will you get real-time trade alerts sent your email, you’ll also receive special pre-market watchlists at 7:30-8am…so you can plan your trades and reserve shares ahead of time. My normal daily watchlist post will go up between 9-9:30am in order to give TIMalert subscribers a borrowing advantage…hehehehehe
Trust No Financial Blogger, Message Board Poster, Website Or Service Provider
Lately I’ve been seeing a ton of talking heads, bloggers and message board posters touting their winners and playing down their losers. It seems as though just about everyone is an amazing traders/investor as their skill/ talent is downright amazing!
I call BS.
Very few people in this industry are talented at anything other than lying, manipulating, promoting and cheating. Everything you read—and I do mean everything—is guesswork. Nobody other than Buffett knows for certain that their strategies and theories are correct, but in this game, you gotta appear confident at all times. Every day you have people picking random stocks and making wild economic predictions, always careful to position themselves as experts so as to ensure demand for their services and the income they can must from that delusion.
This is no different than the hardly-human-anymore-scumbags over at EliteTrader who lie, each minute, about their trades and lives as they are the kinds of soulless bastards that represent this joke of an industry. It’s downright detestable for we know 90% of traders lose money and that 70% of professional fund managers fail to beat the indexes each year, so people who spend their time writing and commenting about the market—just about always using some corny alias or afraid to link their Facebook profile—aren’t any better. In fact, since they waste so much research/trading time writing and commenting everywhere, their actual results are probly far worse!
Don’t believe me—good. Learn to distrust everyone and you’ll be better off.
(Of course, I do use my real name, am one of the top ranked on Covestor and detail my losses openly cuz they’re great teaching tools, but I have a different prospective than most. I also am profiting for my openness through my book An American Hedge Fund and instructional DVD PennyStocking)
LongorShort Capital Earns Nickname: Pretentious Prick Capital, aka Matt Damon In School Ties
I try to give the LongorShort Capital (LOSC), aka Pretentious Prick Capital (PP Capital) some exposure (seemingly much needed) and instead the dude rips on me?!?! Doesn’t understand why I’m still relevant (uhhh maybe cuz I detail all my mistakes—something nobody else in finance does and I’m willing to answer any AND all questions just as I post 40%+ returns in 5 months?!?!)
What a pompous ass…so typical…(unsurprisingly, this rich daddy’s boy also guest writes for that other pretentious finance rag Traitor Monthly) Welcome to why I want nothing to do with the joke that is the financial community…this guy is an embarrassment to both finance and blogging—basically whatever he touches he dishonors—no doubt he went to an Ivy League School as they’re breeding grounds for these kinds of pretentious pricks…like Matt Damon’s character in School Ties
JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates…
Remember how I said how everyone had an opinion on BSC the other day–shorts said “$2 is guaranteed by theFed”, longs said “no way this deal gets priced so low” and thanks to all the opinions BSC was priced somewhere in the middle @$6…now at $10, turns out the longs, the less popular opinion, were right, you should know what I’m gonna say next:
TIM Lesson: There’s NO way to gets the odds in your favor so never never never play mainstream Wall Street guessing games
UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone to the pic below:
Damn All You People Who Contribute To Market Randomness!
Do you every wonder why EVERYONE in the finance world has an opinion on stocks like Bear Stearns (BSC)? Sure, sure, BSC is big time and their collapse could lead to others, the whole domino effect, but why do people believe they can accurately judge the outcome? I think it’s just the latest example of how this industry—Wall Street and those who cover Wall Street—operates. And why you smaller investors/traders, like TIM, should have nothing to do with it! I’ll explain…
Look around at the most popular finance websites/blogs and you’ll see what I mean, TheStreet.com, Fool, Yahoo! Finance, CNBC, Marketwatch, FOX Business, Reuters, Bloomberg, Big Picture, Kedorsky, I could name these CRIMINALS all day. I say criminals because they’re all guilty—guilty of focusing their attention on popular, yet highly unpredictable situations, perpetrating the lie that makes everyone think the stock market is so difficult to understand. And they should be locked up. Or maybe just their fingers cut off and tongues cut out. Either or.
TIM Lesson: The vast majority of stock market randomness exists only in the most broadly covered topics!
Oh wait that actually makes some sense, doesn’t it? You’re damn right it does!
JPMorgan (JPM) Buying Bear Stearns (BSC) For $2 Per Share!
Forget $15 or $20. They’re only willing to pay $2 per share! Bear Stearns is now a penny stock. From this AP story
All I can say is wow, if the situation is really this bad, Lehman is done for, along with many other peddlers, too. This could get uglyyyyyyyyy
UPDATE: The Fed just cut 25 basis points, on a Sunday night!
UPDATE 2: Enough already, I’m posting what a dozen people emailed: THIS ARTICLE with Cramer saying “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.” The guy was wrong. He’s wrong more often than not. He’s in the entertainment business…like the WWE…he’s The Rock, his eyebrow trick is to act crazy. Welcome to reality. Those of you who trade/invest based on his pick, you deserve to lose. Think about it, would you listen to a stock pickgiven by The Rock? No, of course not!
UPDATE 3: Seen the video, Cramer’s talkin’ about Bear’s clients being safe, which he was right about, not the stock itself. Still, lots of envy out there, his haters will continue to have a field day with this…
Why Bear Stearns And Every Other Brokerage Are Nothing More Than Scummy Peddlers
Normally I shy away from writing about all the “established” stocks out there, companies like Bear Stearns (NYSE: BSC), especially when they’re covered by the WWF of financial media—CNBC (c’mon guys have me back on, I’ve been working on my eyebrow trick!!!) but this Saturday article speculating BSC will get taken over at $15 or lower or facing bankruptcy really hits home. Not because I have stock—I’d never—or because I know a bunch of people who work there—I know just a few (sorry, my heart truly goes out to you!!)…
No, I bring this tragedy up for three reasons—1) considering the stock tanked from $90 to $30 in less than a month, a $15 takeover will kill those who “bought the dip” on Friday, aka why you should NEVER buy falling knife chart patterns, especially financial / mortgage plays, 2) no matter the final buyout price / bankruptcy, it shows how quickly these “rock solid institutions” can come crashing down, aka they are nothing more than scummy peddlers
and 3) since stockholders are the last to get paid, you gotta realize “investing in a company” is a figment of your imagination, you’re doing nothing more than getting a receipt saying you’ve spent a ton of money on something that isn’t real, aka why it’s so dangerous to “invest” and you should instead think of stocks as chips on a table in Vegas.
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| 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 |
Total: $26,508 (
114%)
