TigerLogic (TIGR): The Piece Of Crap Formerly Known As Raining Data (RDTA)
Posted by timothysykes on Sun 20th of Apr, 2008 09:35:11 AM
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Over the weekend, microcrap speculators everywhere have been debating (RDTA). While I wrote about the briefly HERE (Friday morning pre-market…before its 40% surge…thank you, thank you), I was right not to touch it in the morning cuz it was just too illiquid, but ‘twas wrong of me to be neck deep in fundamentally flawed / factually inaccurate but sub-par-chart-play EDEN, failing to see RDTA get pretty damn liquid mid-day after they released this fluffy PR about some crappy revolutionary new web search “add-on” and announcing a name/ticker change to blah bah blah.
Unlike ignorant financial journalists, I’m not even gonna dignify these laughable pieces of s#@! news pieces by detailing their BS contents). Those of you who’ve read my book An American Hedge Fund know these crappy companies loveeee trying to hype themselves with meaningless name changes—no different than adding a “dot com” to the end of their name back in 1999-2000…except now they’re just trying to get prospective suckers investors to forget their stock is 70% off its 2000 highs aka they’ve still got some bitter shareholders.
All cynicism aside, their new product does look useless cool—just the kind of thing to get suckers investors excited, Mamma.com-style, which went from $4 to $17 in a few weeks back in 2004…oh wait they changed their name too—now they’re Copernic (CNIC), trading at 1/17th of their former highs (yup, I’ve got thousands of momo stock corpses to back up my PennyStocking theories, in case you ever wanted any evidence of the damaging long-term effects of microcrap pumping)
And lest we forget, no matter this 40% one day pump & dump surge, it’s a perfect chart breakout, so hopefully it can run a bit more before becoming—inevitably—a great short. Add in the fact, they’ve got a new ticker on Monday—damn, I guess I do have to include that—TIGR (which just makes shorting a bit trickier since it might take 1-2 days to show up on some brokers available list) and we might just have a multi-day runner yet.
TIM Lesson: Respect the pump/hype, but never believe it
Disclosure: No position yet, stay tuned, crap company/crap product runners like this make for the most interesting high percentage Short Selling opportunities around…
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|---|---|---|---|---|
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| Nov 11 | IIJI | $2.79 | $2.95 | $442 |
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Total: $35,854 (189%)
Now we are just waiting for the volume to ebb…..great book you have, read it in one sitting.
hilarious. I’m going to see how long it takes me to build up a brokerage account that is bigger than my roth and 401K. Too much diversification in those funds, let the winners run and cut losses quick.
Hey guys what the hell happen with Google Friday?
who cares about google, played and speculated by everyone and their other, u can never have any edge there
Tim, what are your thoughts on sorc. They had great earnings and I think we can see it take off this week maybe 3 by weeks end. Thanks Tim cant wait for the new sight
site
sorc is one of the worst charts i’ve ever seen, perfect perfect downtrending, look to short on any spike
Did you see the quarter they had and there great outlook this stock is moving up!!!!!! Come on Tim how can you not see it.
who gives af$#@ what they said, have u not learned by now to trust the charts over BSing companies? and the stock is nowhere close to moving up…it gotta break strong strong resistance at $2 to have any kind of a chance, odds are probly 1 in 100, maybe 2 in 100, its a total joke
Tim, they are not bsing company they have the numbers to prove it. I have to teach you a few things.
chart doesnt reflect that, that’s all that matters
Dan, u have nothing to teach me, i’ve seen enough crap over the past decade to know that the only numbers i care about are stock price and trading volume
I agree with Tim about SORC, I dont like it either.
Dan, take a look at the weekly chart of SORC. Not so bullish is it?!
This time last year SORC was trading around 12. Now it is trading at 1.50. No doubt there are tons of bitter shareholders waiting to dump their load on naiive buyers like you if this dog decides to run up.
Sorry, this time last year SORC was trading around 7. You get my point tho.
Fundamentals are for vaginas
Who knows what a Whammer-Jammer algorithm is?
What about buying RDTA on the breakout past $6 and change? You prob missed the chance Tim?
i posted about RDTA before the 40% surge, missed the mid-day runup cuz of EDEN…see this post:
http://www.timothysykes.com/20.....-analysis/
c’mon guys do a little research before posting, just a little!
sorc lookings boring, RDTA looks nice.. too bad Im stuck with TITN, shorted @ 23.84.
Tim, what do you think about ABAT. Does it look like long lasting pump and dump? Company is rated one of the top in electrical industry.
john, i wouldnt invest in your spam stock even if u doused me in gasoline and threatened me with a match, scumbag
Tim. I have to thank you. I found out about your website only yesterday and already know more about stock market.
I also see OBVIOUS manipulation with regular stocks (CNBS, “experts” and etc). But it’s even more obvious with penny stocks. I traded several stocks and always on hype news. Always lost; now i know why. These stocks are alti and abat. Alti is a pure speculation. Abat has good balance sheet, but I think it only makes speculation easier.
Next step is to read your book.
I would like to point out new strategy for manipulation hedge funds developed recently (my opinion). Etf funds pairs like FXP/FXI. “Good news” strategy to hype the stock and then dump it.
wow, the shameless pumpers have found us!!
…well i guess we could thank ‘em for adding short-able fodder to the market.
Industrial Biotechnology Corporation, (IBC), (Pink Sheets:IBOT) has now announced to use Ethanol the Chemicals ALCHEMx Production Platforms, through which they can convert sugarcane based ethanol to ethylene at a very low cost and also doesn
who cares, tim is a chart guy
The volume the SRCO.OB is attracting high day by day. It seems that the Stock is going to move up following their some positive news.
SRCO.OB :- Havens , CEO : increased application flow further reinforces the fact that despite the problems in other sectors of the credit markets, consumer interest in acquiring Powersports vehicles continues to grow.