Tag Archives: Scandals

Who Is Following Me? Is It The SEC Or A Stock Promoter?

Those of you tuned in for LiveStock yesterday got to see our first professionally produced (Chuckieeeeeee) video clip entitled “Who Is Following Me?”

You can now view it:

HERE on youtube
HERE on TIMtv
HERE on blip.tv

By speaking my mind, I haven’t made many friends in this biz–booo hooo, I already know enough superficial soulless bastards–so who do you guys think this stalker is? Is it the SEC Bin Laden, scummy stock promoters or theater majors upset that I called them out on being fake journalists? Dealbreaker seems to think it’s the SEC. Continue reading

Why Getting Hacked, Like Losing Hundreds Of Thousands Of Dollars, Is A Good Thing

Yes it’s true, I’ll explain. While I’m a cynical old (in terms of market experience) short seller whose seen frauds, hype and pumping galore and think 99% of Wall Street is full of truly soulless scumbags, I’m also a big believer in learning through mistakes. Just like that time when I lost a few hundred thousand dollars, our Sunday night hack attack by some shady Russian hacker probly hired by a stock promoter I’ve pissed off (I don’t know how considering I have nothing against stock promoters and if they thought about what I’m trying to accomplish, they’d see that making penny stocks more transparent and hence more actively traded will benefit us all) is definitely a set back—all FORUM posts, new subscribers, recent TIMbucks, basically anything that happened on this site from Friday-Sunday has been lost forever. Continue reading

When Timmayyy Is Dead Right: Manipulated Stocks Go Boom!

For the 3 most recently manipulated microcraps—CNOA (pumped by a CNBC “reporter” who mistook paid-for stock promotion for credible research, probly the result of majoring in theatre studies in college (seriously)), EDEN (agriculture product pumped by a TheStreet.com “journalist” who forgot to read the quarterly report mentioning they sold off that division!) and TIGR (I don’t wanna know the evil lurking behind that pump, possibly some SEC counter-intelligence subdivision trying to draw out fellow manipulators) I have been dead on. These are opportunities from which you can profit because I’m not talking about variables that indirectly affect stock prices (ie earnings, the economy)—no, these catalysts have a direct impact on the supply/demand of shares and consequently the stock price.

Since my expose when it was at $1.80ish, CNOA has dropped 30% in a few days—longs, don’t blame me or say “I don’t get it, it had all the trends going in its favor, I guess penny stocks really are just like gambling?!?!” Hello no, this kind of price action is the precise opposite of random, it’s motherf$#@en PennyStocking—learn to play the game or suffer the consequences!

Continue reading

Why I Just Shorted Eden Bioscience Corp (EDEN): TheStreet.com's Factually Inaccurate Pump And Dump!

As I mentioned in this post, this near 100% runup is entirely due to THIS laughable Thestreet.com article mentioning this failure of a company as a “below-the-radar company that produces Messenger, a highly effective and revolutionary agricultural product.”

I could easily rip the company apart for its $23,000 in revenue in their latest quarter down from $189,000 just a few quarters ago—wow, their product must be really great! Even funnier is their yearly results—revenue of $350k vs. $4 million a few years back. Or before this miraculous article, EDEN was a $3 million company that was forced to do a 1-3 reverse split just two months ago in order to stay listed on the Nasdaq

But I shorted 1,000 shares at $2.55–that’s all I could find, trust me, I wish I could borrow 50k–because I prefer to go to the heart of the matter, the fact that EDEN SOLD OFF THIS “REVOLUTIONARY” TECHNOLOGY AS IS DETAILED IN THEIR ANNUAL REPORT!

From that beautiful annual report, filed on March 28, 2008:

“On February 28, 2007, under the terms of the Asset Purchase Agreement, we sold our Harpin Protein Technology to PHC for $1,396,824 in cash, net of transaction costs incurred after January 1, 2007 totaling $103,176, a promissory note in the principal amount of $700,751 payable on December 31, 2007 and the assumption by PHC of certain of the liabilities relating to or arising out of our Harpin Protein Technology…”

That’s right, EDEN isn’t even in the home and garden business anymore, they’re just a licensee! Gotta quote some more of this fine work of literature Continue reading

Why I Just Shorted Eden Bioscience Corp (EDEN): TheStreet.com’s Factually Inaccurate Pump And Dump!

As I mentioned in this post, this near 100% runup is entirely due to THIS laughable Thestreet.com article mentioning this failure of a company as a “below-the-radar company that produces Messenger, a highly effective and revolutionary agricultural product.”

I could easily rip the company apart for its $23,000 in revenue in their latest quarter down from $189,000 just a few quarters ago—wow, their product must be really great! Even funnier is their yearly results—revenue of $350k vs. $4 million a few years back. Or before this miraculous article, EDEN was a $3 million company that was forced to do a 1-3 reverse split just two months ago in order to stay listed on the Nasdaq

But I shorted 1,000 shares at $2.55–that’s all I could find, trust me, I wish I could borrow 50k–because I prefer to go to the heart of the matter, the fact that EDEN SOLD OFF THIS “REVOLUTIONARY” TECHNOLOGY AS IS DETAILED IN THEIR ANNUAL REPORT!

From that beautiful annual report, filed on March 28, 2008:

“On February 28, 2007, under the terms of the Asset Purchase Agreement, we sold our Harpin Protein Technology to PHC for $1,396,824 in cash, net of transaction costs incurred after January 1, 2007 totaling $103,176, a promissory note in the principal amount of $700,751 payable on December 31, 2007 and the assumption by PHC of certain of the liabilities relating to or arising out of our Harpin Protein Technology…”

That’s right, EDEN isn’t even in the home and garden business anymore, they’re just a licensee! Gotta quote some more of this fine work of literature Continue reading

Did I Do That? Pump & Dump Exposes And Revolutionary Finance Websites

With my CNOA pump and dump expose last night and it’s 25% tankage today, I gotta wonder:

Possibly, probly, who knows…too bad I wasn’t short the stock myself—gotta learn to short sell these suckers BEFORE I chop ‘em to pieces, a la business models of Citron Research and Mark Cuban’s ShareSleuth.com

Nahhhhhhhh a.) it didn’t fit my pattern and b.) it’s more fun to write brutally truthful articles about stocks in which you have no positions, you do it just cuz it’s the right thing to do

I’ll tell you one thing I definitely did do right, that’s hiring and tirelessly working with Pallian to design the new site, which is looking redonkulous! I mean the guy is an Indian Picasso, he should be called Ghandcasso or Picandhi. To you lucky 50, advertisers and bloggers, the beta invites are being emailed out, so def. let me know what you think—what you like and don’t like, the site is for you—and for everyone else, you gotta wait til May 1st and settle for clicking the little thumbnail below:

Did I Do That? Pump & Dump Exposes And Revolutionary Finance Websites

With my CNOA pump and dump expose last night and it’s 25% tankage today, I gotta wonder:

Possibly, probly, who knows…too bad I wasn’t short the stock myself—gotta learn to short sell these suckers BEFORE I chop ‘em to pieces, a la business models of Citron Research and Mark Cuban’s ShareSleuth.com

Nahhhhhhhh a.) it didn’t fit my pattern and b.) it’s more fun to write brutally truthful articles about stocks in which you have no positions, you do it just cuz it’s the right thing to do

I’ll tell you one thing I definitely did do right, that’s hiring and tirelessly working with Pallian to design the new site, which is looking redonkulous! I mean the guy is an Indian Picasso, he should be called Ghandcasso or Picandhi. To you lucky 50, advertisers and bloggers, the beta invites are being emailed out, so def. let me know what you think—what you like and don’t like, the site is for you—and for everyone else, you gotta wait til May 1st and settle for clicking the little thumbnail below:

On CNOA, CNBC Aids And Abets Penny Stock Promoters

Let me start by saying I have no problem whatsoever with penny stock promotion—these tiny / failing / fraudulent companies need all the exposure / hype they can get or else they’ll never raise any capital and fail / be exposed as the frauds that they are soon rather than later. But I do take offense when entertainment outlets like CNBC try to pass themselves off as credible researchers. As I’ve posted HERE and HERE, their bumbling has hurt too many investors and they’ve helped make people afraid of penny stocks—which I cannot permit.

Now, one of their wannabe journalists / entertainers, Sri Jegarajah, has written the single most naïve penny stock article I’ve ever read, “Wild About Rice” in which Sri mistakes paid-for stock promotion for credible research forcing me to explain the rules of the game to all the poor schmucks who mistakenly view CNBC as a credible source.

Besides quoting CNOA’s CEO (we all know how useless that is, what’s he gonna admit the company’s a pump and dump scheme?), and a Seeking Alpha article—whose writers are no more qualified than bums begging for change on the street, Sri proudly quotes Source Advisors, forgetting (not realizing?) to mention they’ve been paid $25,000 “by a third party” (pump and dumper, cough, cough) to publish their BS report. And, as if to repent for his sins, Sri closes out the article quoting Patrick Murphy of Murphy Analytics who was only paid $1,000 for his efforts (scroll down to the bottom and be better than Sri, aka read the disclaimer). Continue reading

Sykes’ Saturday Seven: April 12th, 2008 Edition

Stupid stupid teenage girls film assault on another teenage girl specifically to post video on Youtube, video’s gone viral, but they’re in jail…no joke…disgusting…

10 movie gadgets that have become reality

Forget website analytics, time to start analyzing your email, but only if you have Gmail (Gratzie PK)

Another successful—if not legendary—trader gives his rules for success (awww c’mon Todd, no banjos?)

Learn your history, venture capital history that is

Get the WSJ for free!

Inside the panic at E*Trade…you stupid stupid longs don’t even know how close to disaster many of these financial firms are coming

TIM Lesson: Never buy or short sell falling knives, much is happening behinds the scenes, none of it is predictable Continue reading

Sykes' Saturday Seven: April 12th, 2008 Edition

Stupid stupid teenage girls film assault on another teenage girl specifically to post video on Youtube, video’s gone viral, but they’re in jail…no joke…disgusting…

10 movie gadgets that have become reality

Forget website analytics, time to start analyzing your email, but only if you have Gmail (Gratzie PK)

Another successful—if not legendary—trader gives his rules for success (awww c’mon Todd, no banjos?)

Learn your history, venture capital history that is

Get the WSJ for free!

Inside the panic at E*Trade…you stupid stupid longs don’t even know how close to disaster many of these financial firms are coming

TIM Lesson: Never buy or short sell falling knives, much is happening behinds the scenes, none of it is predictable Continue reading