Blog Archives:
Dear Leveraged Sellout, I’m You…Only Better…Bitch
Posted by Timothy Sykes on Fri 5th of Sep, 2008 03:55:31 PM
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Remember I wrote THIS post about the horrific timing/outright failure of Leveraged Sellout’s book “Damn It Feels Dumb To Be A Published Author?”
Well, now he tries to fight back in THIS interview with WSF…saying “Who the fuck is Timothy Sykes?”
I’ll respond to that in a sec, but understand his publisher is so desperate for sales, they even sprung for a THIS bad ass video and while it’s actually pretty funny/well done, it still isn’t helping him sell many copies of his over-hyped book (Amazon sales rank of 500 means 150 books/week)
Okay here’s my response:
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Housing Ain’t Bottoming, You’re All Gonna Be Poor!
Posted by Timothy Sykes on Mon 28th of Jul, 2008 11:24:31 AM Sponsor Offer:
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!
Posted by timothysykes on Thu 24th of Jul, 2008 12:05:07 PM Sponsor Offer:
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:
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My Soon-To-Be Legendary-Cuz-It’s-Dead-On AMEX Black Card Interview
Posted by timothysykes on Fri 18th of Jul, 2008 12:35:04 PM Sponsor Offer:
I’ve teased my recent interview about the AMEX Black Card in a few blog posts, but due to overwhelming demand and critical acclaim, I gotta post some of it below so that those who are too lazy to click links can see what all the hype is about…
These are just a few select questions-and-answers, see the full article HERE:
So Tim, what are your thoughts on the black card?
I think it’s got some great benefits and features and it’s definitely bragworthy, but I doubt it’s right for anybody who doesn’t own their own biz, is worth less than a few mil or for any cheap Jews. In fact, I think the Torah specifically states in Cheapjewonomy 3:23-7:11: “Thou shalt not
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The SEC Mandated Debate + Prohibition On Short Selling=Government Sponsored Market Tyranny/Only Chance In Hell To Bottom
Posted by timothysykes on Tue 15th of Jul, 2008 02:45:37 PM Sponsor Offer:
So now–after the public complains loud enough cuz they’re losing their asses in their “value investments” (learn to do some f%^&en due diligence you sh$%heads)–Osama bin SEC field agents have sent subpoenas, aka instruments of terror, to hedge fund managers and traders who are spreading bad rumors in order to profit from short selling these embarrassing financial companies.
Hell, right in the middle of me writing this post, Osama’s decided they’re even gonna clamp down on allowing people to short sell these turds! Just their latest terrorist act since they believe anyone who preaches and practices financial freedom to be infidels. (Emergency measures my Jew-ass, the problem lay with the companies and the leverage/power/manipulative-marketing-schemes themselves, not those who are smart enough to realize how fu$#ed these leverage/coke-loving bandits truly are, most assuredly business-wise and stock-wise too until the SEC just gave them a get out of jail free card for the latter)
This is big news–Osama bin SEC is mobilizing their terrorist committees so it’s gotta be covered by the financial media circus, giving us time-wasting debates like THIS one. I like that my man Lindzon defends short sellers, actually most of the people on there do, but WTF is the point of the whole debate in the first place?
Big bad SEC gonna investigate, rumors bad, punish bad opportunists, short selling so bad, or is it good, maybe it’s good, maybe companies are bad, why no SEC investigate them, oh wait, they hire lobbyists, they rich, they get government peeps in trouble, SEC no want lobbyist trouble, SEC weak, back to short sellers bad, commentators know it not fair, they smart, learn SEC, learn, watch Fox Biz, too bad nobody watches, lobbyists win, SEC stop short sellers…
Does Fox Biz really not understand that people don’t
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Let My Haters Entertain You aka They Feed Me The Fuel That I Need For The Fire
Posted by timothysykes on Thu 10th of Jul, 2008 04:00:40 PM Sponsor Offer:
It’s been a slow summer—the economy, housing and the consumer are collapsing, along with Traitor Monthly Magazine—all paying for their many sins of the past (an economic Sodom & Gemorah!). Hard working, research-lacking, coke-snorting finance freaks everywhere are either getting paid less or losing their jobs, which is really hitting the drug trade hard, and yet I’m doing the same thing I always do, profiting (70% in 7 months) and teaching others to profit (grad student Tony Ellis up $50k, Mike the machinist up $300k!) from the most corrupt, manipulated and incompetent publicly traded companies in the world (promoted and managed by many cokeheads too…no joke)!
Maybe it’s my booming site traffic…which has led to steady growth in my monthly income of $10k, $15k, $20k and now $25k (yeah suck on that you cubicle monkeys!) or my #1 ranking on Covestor for both popularity (see HERE) and performance (see HERE)….or the fact that I’ve gotten over 200+ subscribers within just a few weeks for my premium TIMalerts real-time trade alert service (average gain 20% per pick..so far, whaaaaaat)…or cuz I like mentioning my no BS PennyStocking instructional DVD package (newbies get this before you email me basic questions) and critically acclaimed best selling book An American Hedge Fund in most of my blog posts (cuz they’re damn quality products!)…or perhaps it’s because I could care less about/enjoy ripping on all the BS traditions and BSers in this joke of an ego-based, coke-fueled leverage-loving industry (see my recent interview on this subject HERE) and most definitely it’s due to me not giving a flying f$#% about standard grammar/politeness nor selling out to use my pseudo-celebrity status to make more money than most by ripping thousands of people off—as is standard soulless bastard industry practice—but for whatever reason, my hater (s) have (has) come out in force.
To all you hardcore traders, this post is not a waste, it’s pure entertainment baby…and it keeps you and me both away from forcing trades on setups that aren’t there!
So, take a look at some ridiculous edits on Wikipedia page:
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Yes, You Can See ALL My Trades Here:
Posted by timothysykes on Tue 1st of Jul, 2008 04:20:07 PM Sponsor Offer:
By now, somehow I thought you guys would all understand that ALL my trades are open and detailed on the right hand side of this page, the TIMtrades button on the upper right hand side NAV bar or by clicking HERE. Don’t let the buy/sell price fool you, they’re mostly short sales, I simply sell first, then buy back later (for full definition of short selling, click HERE)
ALL my trades are fully detailed and you can debate them, ask questions, whatever, you will understand how I make money–that’s what Transparent Investment Management, TIM, is all about–full transparency (see press release HERE)
And to prove I ain’t lying–as most message board posters and particularly people selling an instructional trading DVD aka PennyStocking and real-time trading alerts aka TIMalerts do–my trading is tracked by Covestor (follow me HERE), a service that taps directly into my brokerage account and verifies all trades–so this isn’t one of the many BS sites where you write down whatever numbers you want, inevitably making yourself out to be great (to you twisted sick fools who do that, you should be ashamed…you learn nothing…nothing!)
For those of you who are new to the site–and there’s quite a few of you–it’s a project that
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Yes, 99% Of OTCBB, Pink Sheet Stocks & Stocks Under $5 Are Scams, Schemes & Frauds
Posted by timothysykes on Sun 29th of Jun, 2008 03:53:56 PM Sponsor Offer:
It’s quite funny to see/hear/read some people’s reactions when I say this, which is rather obvious to most. Most big-time Wall Streeters know this—that’s why they don’t voyage down here, most veteran traders know this—that’s why they avoid this sector like the plague, but amateurs, suckers and newbie traders have a hard time believing it.
Because they believe in the goodness of people. Especially polished-presentation-talking businesspeople. They believe people are honest. And fair. And just. Because they are drinking the Kool-Aid these companies so willingly spout day and night.
No.
Down here in the gutter of Wall Street—well, really everywhere too, but especially down here—people are dishonest. They craft lies, exaggerations and misinformation for their own purposes. They hide the skeletons in the closet, stuffing them down, until there’s so many they simply bust through the door. They are not your friends. They are not your family. They are not to be trusted. Even if they are your friends and family. Especially, if they’re your friends and family.
Because
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Why The Pattern Day Trader Rule Proves The SEC Rivals Osama Bin Laden In Terrorism
Posted by timothysykes on Wed 4th of Jun, 2008 01:25:35 PM Sponsor Offer:
Yup I said it. While making a nice quick 5+% American profit, or $350ish, in an hour on my LGDI trade a few weeks ago, my blood boiled over due to the missed opportunities caused by the SEC’s pattern day trading rule. And while I’ve attacked it in the past, there was no formal summary post that explained all my key points. Considering how many stocks are in play today and the fact that I am forced to ignore 99% of them, it’s time I unleash this fury.
The formal definition of this inane rule is HERE, and once you read it, you’ll begin to understand why I call it the Reign Of Terror Rule. In fact, I’ve got an entire category devoted to it as I’ve documented each and every time it’s interfered with my trading since I began TIM in November 2007.
Basically, if your trading account is below $25,000—as are the accounts of so many poor people out there—you can only day trade (meaning in and out the same day) 4 times per week. If you trade more than that, you get flagged as a pattern day trader and your account gets restricted because you’re considered evil, as most day traders are believed to be. (Yes sometimes you can trade a few more times than that—since its all rather gray area and the brokerage firms themselves despise this rule—but my point is there should be no limits whatsoever!)
Even though I’ve still got over $500,000 in liquid cash to trade with, I went back to my $12,415 roots specifically to draw attention to this injustice because most people, including industry big wigs, don’t even know about it. After all, the last time I had this little money, it hadn’t been instituted and I’m forever thankful since trading freedom allowed me to get rich.
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Trust No Financial Blogger, Message Board Poster, Website Or Service Provider
Posted by timothysykes on Thu 29th of May, 2008 12:04:51 PM Sponsor Offer:
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)
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