In The Stock Market, Trust No One And No Company Cuz They’re All Sh@#!
Posted by timothysykes on Thu 17th of Apr, 2008 12:08:58 PM
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Last night, to a clearly shocked stock market club of about 75 people at the University of Buffalo, that was the main gist of my speech. Not just because I was burned pretty damn badly on one of these microcraps in which I naively believed or because of the media idiots who pretend to be researchers not even because of all the manipulation. No, it’s because out of all the thousands of Penny Stocks , I’ve ever trade/researched, only a handful have ever remained in double digits for more than a few days/weeks! The truth is that all these companies are pretty close to failing so they’re desperate for attention / capital. And it’s that desperation from which you can profit because it makes everything real simple-like.
As those who’ve witnessed firsthand, I love speaking to big groups of people who for the most part have little to no stock market experience (if you wanna book me as a speaker, it’s $1,000 and travel expenses—just not worth my time for anything less since it screws up my trading and blogging).
The only other industry speakers out there all come dressed up with serious marketing slickness: “gurus” trying to sell their strategies (while failing to disclose all personal trades /investments / track records), brokers pitching niche deals and structured products (how you likin’ those auction rate securities you scumbags!), financial planners stressing the importance of conservatism and diversification (great for annual fees, but if somebody has $2,000-$5,000 to their name, who gives a f$#@ about $200-$500/year—at best!) and talking heads who love making big bold predictions about the economy, future of technology, which companies will benefit. Basically all these guys pitch stuff where there’s little to no chance of their audience being able to learn/do the stuff on their own, thus ensuring future for the speaker’s services).
Yup, it’s a pretty screwed up industry. Sure, I sell autographed copies of my book An American Hedge Fund and instructional DVD PennyStocking, but the beauty is that if I do my job right, I’ll show how the game works and then, in time, you won’t need me anymore—because while I have the variables down pat—or mostly down—and despite my rather quick success, I’m not exactly great at this (as those who frequent this blog are beginning to understand)!
And of course, I make no BS predictions whatsoever—no price targets on the Dow, S&P, oil, elections…no idea where technology is going and which companies will benefit most, all I do is talk about what has and has not worked for me—passing this great game of PennyStocking down to a younger generation.
PS How Forrest Gump-ish is that picture?
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 20 | STXS | $3.21 | $3.48 | $813 |
| Nov 18 | PERY | $4.68 | $5.00 | $640 |
| Nov 11 | IIJI | $2.79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $35,854 (189%)
Hopefully, I can work something out with you to visit the University of Florida to speak to the Student Investment Club I’m in. Maybe we could work something out for the fall 08 semester. I love your site…got to follow it more so I can make some money. :)
Hi, I’m a spammer and I’ve forced Tim to edit out my entirely useless comments, sorry for my existence!
Just dropped it in the forum, but anyone watching RGN?
I just want to point out, you are the younger generation of investing….. im just on the younger end.
I was thinking about going to Buffalo but it’s a f’n hike and I like the odds of you doing a speaking engagement in NYC in the next few months.
I am watching RGEN and am short from 5.75
Tim keep up the good work. Reading your posts from my cell phone on this long ass bus trip. Like the new charts attached to the stocks your watching.
Hey tim, FEED went down greatly today after 4 day of gains… you think tomorrow will be another down day for FEED?? probably down to $15.50
Damn, why didn’t I stay in FEED
shorted KOG again @ 2.78
now lets all prey isrg doesnt fuck up earnings like vivo did
The picture doesn’t look Gumpish - it looks like you added a Clint Eastwood squint to the usual smirk. :)
anybody long enoc?
GOOG just left a big red hand print on alot of faces.
FEED is good,
FEED is great
(FEED buyers are greed though),
FEED I thank you for this MONEY you made me today.
Chart says FEED will be down further tomorrow!
What do you say, Tim?
Blast!
FEED displaying dark cloud cover but it closed above its previous 52 wk high of 16.36 so I’m avoiding this one. Tim’s the expert though.
sorry off topic .. i am newbie … question : if someone bought 1.6m shares of ABK after hours .. does it mean anything ?? thanks
There was a dumbest guy by name GSC here followed and worshipped Goldman Sac’s ANAL-yeast and he advocated to short WM on Tim’s board. I am hoping he covered his ass today!!
somebody just bought $10 million of FEED at $16 and u guys want to short it 50 cents higher!! c’mon, it might dip a bit, but this is not a pump and dump, its a classic example of where the news DOES matter, inspectd.com sux! avoid
KOG resumed its uptrend anf u want to short it, c’mon, have i not taught u better? u short in order to take advantage of natural sellers/consolidation, if that comes and goes and it heads higher, u stand aside and let it, avoid
I’m so confused right now, wasn’t the previous post focused on FEED being a pump and dump? Now you’re saying it’s not? The news on FEED was very vague, an undisclosed # of pig farms bought up at an undisclosed price. How is that real news? Regardless I’m staying away until it starts making sense to me!
Tim’s not telling you what to think
he’s telling you some important stuff you might want think hard about
Tim would you say that KOG has a little room to run but has some solid resistance around the 3.50 mark?
KOG - where is it going ?
Max, I’m just trying to get a sense of what HE’S thinking because his posts (unless I’m misinterpreting them) seem contradictory.
hey tim ..i was checking out DEEP when it popped my radar
go peel that onion if you wanna see some incredible scammage goin on..unreal
no idea where KOG will go, i play predictable patterns, not random ones, today meas it random
guess i have to be ore careful with terms of phrasing, there are pump and dumps that have downside and some that dont. with this funding feed doesnt…at least not from my view. but as i did say “the stock’s got a lot of proving to do”.
now stop this nonsense and find me a stock up 200% in 2-3 days, then well talk
and who cares about DEEP, its not even close to being a pattern i look for, its just a random crappy stock–no need to waste time researching
ARE you guyz stoned in the pic? all you guyz look blazed on doobie snacks
So, Tim says:
1. After running up for several days, when a stock starts bleeding, you short, he also posts pump and dump article on FEED, and he says oh, don’t short FEED!
2. Don’t touch commodity, regardless of its supernova behavior such as KOG and he shorts.
What do you believe?
By the way, he said he is here to teach everybody, who can glue their eyes on his posts 24/7, otherwise it is buried in piles of thousand posts everyday. And the best of Tim is, he tells everybody to glue their eyes on level II so that they can trade when they get opportunity. Tim’s model is not bad except we all have to quit our day job and glue our eyes on level II. Otherwise you may lose $0.25-0.50 here and there. Why not we all start daytrading with Tim.
Tim, are you monitoring any stocks right now? I have almost been gluing my eyes on this blog.
I have been sucked into some bad trades
Ray–wrong on every account, quite impressive really–stop assuming too much and learn to read. maybe u should get my DVD–then u’d see there are diff. kinds of runups, some are more shortable than others. In the FEED article itself, I said the stock has to prove itself worthy to short because the financing was so high. As for commodity stocks, I say they have lower odds of success, as KOG proved quite nicely. And where the hell do you see thousands of posts or anywhere that I say u have to watch level 2 all day–besides not being able to read, I see you have quite the imagination (maybe u should be on CNBC!)…my best trades work over multiple days, not intraday
–don’t rely on me, I’m just sharing what I know, learn from my successes and failures and do it yourself…
Goose, of course i’m monitoring, always monitoring, i’ll post later, too many dammn idiots emailing me instead of posting on the forums
you should have went to a real university to give a speech… haha
I was there Wednesday.
An amazing dissertation of your financial and reading skills