Blog Archives:
Housing Ain’t Bottoming, You’re All Gonna Be Poor!
Posted by Timothy Sykes on Mon 28th of Jul, 2008 11:24:31 AM
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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…
Thank You Covestor For These 100 Stocks To Avoid
Posted by timothysykes on Thu 10th of Jul, 2008 12:55:34 PM Sponsor Offer:
You know how I’m always being weird by saying “I don’t play real companies I prefer frauds and pump and dumps”? Well, obviously there’s my 70% return over the past few months now backing me up, but for further proof, after you check out THIS list of 100 of the most actively traded stocks by people on Covestor, you’ll understand 2 things–
1. it’s pretty much all the most
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iPhone 3G Me This, iPhone 3G Me That, AAPL’s Breakout Attempt Goes Splat!
Posted by timothysykes on Mon 9th of Jun, 2008 08:04:59 PM Sponsor Offer:
iPhone 3G me this, iPhone 3G me that, who’s afraid of the big black truth? Over the next 48 hours, as you’re forced to digest thousands upon thousands of articles and blog posts about Apple Inc (Nasdaq: AAPL) Steve Jobs’ keynote today and the introduction of this much anticipated new product, the stock trader in you has to realize this has proven itself to be a non-event.
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Breaking News: Microsoft (MSFT) Withdraws Offer To Acquire Yahoo (YHOO)…My Take
Posted by timothysykes on Sat 3rd of May, 2008 08:29:37 PM Sponsor Offer:
I tried very hard not to cover this breaking news of Microsoft withdrawing their offer to acquire Yahoo! as I believe it to be utterly useless for trading purposes, especially since we all know there’s gonna be 5,000 articles in the next 24 hours written about it, but the official press release contains some pretty funny stuff towards the end–at least for corporate speak–so it’d be rude of me not to share:
I still believe even today that our offer remains the only alternative put forward that provides your stockholders full and fair value for their shares. By failing to reach an agreement with us, you and your stockholders have left significant value on the table.
But clearly a deal is not to be.
Thank you again for the time we have spent together discussing this.
Sincerely yours,
/s/ Steven A. Ballmer
Yah, that’s just the end of the PR, but the rest of it basically just says you YHOO pricks shoulda taken our money and not been so greedy cuz now we’re gonna clobber you, just like we’ve been doing for a while, not because we’re that good or smart but cuz you guys suck worse. Seriously, that’s what it says. Ballmer admits it. Read it yourself.
UPDATE: This is getitng funnier by the hour…Yahoo! responds in THIS PR saying bah blah blah…here’s the funny part of CEO Yang trying to get back at Ballmer’s putdown:
Jerry Yang, co-founder and chief executive officer, Yahoo! Inc. added, “I am incredibly proud of the way our team has come together over the last three months. This process has underscored our unique and valuable strategic position. With the distraction of Microsoft’s unsolicited proposal now behind us, we will be able to focus all of our energies on executing the most important transition in our history so that we can maximize our potential to the benefit of our shareholders, employees, partners and users.”
It’s like two old former soap stars bickering cuz now they’re both too ugly for daytime TV. Yang, you better STFU cuz you about to get sued by all your shareholders you arrogant @$!hole
JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!
Posted by timothysykes on Mon 24th of Mar, 2008 12:05:22 AM Sponsor Offer:
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:
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Damn All You People Who Contribute To Market Randomness!
Posted by timothysykes on Tue 18th of Mar, 2008 01:09:00 PM Sponsor Offer:
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!
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