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Posted 2 months, 28 days ago.

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

Tags: Analogies, Criminals, Manipulation, Scandals, TIM Lessons

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. Because we weren’t prepared—we only backed up every few days.

The reason why this is a good thing is not because I’m trying to surgarcoat something grotesque as if I ran DoublingStocks.com aka We-Are-Blatant-Manipulators-Who-Suck-At-Our-Jobs-So-Much-That-Our-Pumps-Aren’t-Even-Worth-Shorting-Into.com or headed the shady PR firm representing Converted Organics Inc (COIN)—don’t even get me started on how much this sucks/time it wastes—but because now we’ve been forced o upgrade how often we backup everything. More importantly, now we’ve been forced to upgrade our site security. Exactly how that big loss back in 2006-2007 made me wiser, more conservative and forced me to become an infinitely better teacher.

My team and I are truly sorry for making you re-post your stuff and re-subscribe, if you even want to, but nothing is infallible—no website, no stock, no guru, nothingggggg. And please have a bit of patience over the next few days as we catch up…

Perhaps an even better lesson is to stick to what works for you—since I knew I’d be filming ridiculously funny clips all day tomorrow our upcoming LiveStock episodes, for the first time….ever, I prepared draft posts to get ahead for once…now those are gone, my weekend wasted. Just like how my frail Jewish body resisted me trying to buff it up with a trainer or when mom stopped doing my laundry a few weeks ago and now the cleaners have lost my two nicest shirts…sometimes you don’t mess time-tested traditions.

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38 Responses

1Pallian (Moderator)(TIMBUCKS: $51)

June 2nd, 2008 at 3:15 pm

HAHAHA - my cleaners lost 3 of my shirts as well - there’s def a pattern here.
2Scott

June 2nd, 2008 at 3:24 pm

I think Superman gave up on NTI today, no movement after losing $1.26 today. His China plastic clean up theory did not buzz this one. Probably will fall further down tomorrow, I will short it before close today, holding profits on oil players tonight.
3Matt

June 2nd, 2008 at 3:24 pm

Were any of the credit card numbers that people used to buy your dvd stolen? Most of the russian hackers are associated with organized crime. They run bot-nets, phishing scams, and identity theft rings.

I’m going to call my credit card company and let them know. Even if I am only liable for $50, it is still a pain.

Oh, well - stuff happens…
4jesseb(TIMBUCKS: $95)

June 2nd, 2008 at 3:29 pm

Matt, this is just a blogging platform. I imagine that there has never been a credit card or even personal data that has touched this site.

When you click on the order link/button, you are taken directly to Paypal.

I think that your information is safe. But hey, never hurts to be safer ;)
5Timothy Sykes

June 2nd, 2008 at 3:29 pm

nope, i dont have any credit card numbers on this site…the beauty of paypal :)
6bullpicks6

June 2nd, 2008 at 3:30 pm

lol, that is funny about the cleaners…i too share your idealogy…even bad things must be looked at in a positive light if one is to continue to progress in life…all dwelling on negative things does is attract more negativity to light…it is best to keep your eyes on the prize and soul on the goal, thereby, finding the positive in your unfortunate situations, because if you continue with that point of view, the negative situations will become more rare as you progress in this life…being jewish, you know a popular term for God is Yaweh, and that translates into I AM, which is an affirmative command as opposed to the antithesis, I AM NOT…a good explanation of this is when trying to quit smoking a good positive affirmation is I AM a non smoker; rather than I am not a smoker; it’s based upon concentrating on what you want, and not what you don’t want, and in this field my friend i believe you have the right state of mind…keep on pushin!
7nodin

June 2nd, 2008 at 3:34 pm

PCSV is starting to fade…first day down after a three day run-up on no news…might be time to start shorting..thoughts??
8balls...or just plain nuts...

June 2nd, 2008 at 3:34 pm

hey, if they lose one more shirt that’ll make 4…tag them pattern shirt losers…
9bullpicks6

June 2nd, 2008 at 3:35 pm

HYHY? shorts anyone?
10getshorty

June 2nd, 2008 at 3:39 pm

Has anybody seen superman?

Superman?

Looks like he got a front load of kryptonite delivered by NTI in a non-petroleum based bag.

Anybody shorting some more NTI with me on its first down day?
or are you all afraid of clark kent?
He is just human people !!
Lets get NTI killed !!
11GregsBar

June 2nd, 2008 at 3:43 pm

Anyone else short on UNCL? Massive pump and dump (I think).
12Jason SHORTY

June 2nd, 2008 at 3:46 pm

They just wish they were making as much as us traders. The cat is out of the bag and it’s going to run wild. Keep up the good work Sykes.

CPSL was such an easy scalp today..anyone else hit that?
13getshorty

June 2nd, 2008 at 3:48 pm

JASON !!!!

I FOUND YOU !!!!

I KNEW I HAD A LOST BROTHER !!!!
14TomT

June 2nd, 2008 at 3:50 pm

MAn.. I need something to long or short overnight. hummmm
15bullpicks6

June 2nd, 2008 at 3:51 pm

tom, this SOLI looks like a strong long play to gap up in the AM
16getshorty

June 2nd, 2008 at 3:52 pm

NTI TOM
17Timothy Sykes

June 2nd, 2008 at 3:56 pm

pissed i missed my buy on ROYL at $8!
18Timothy Sykes

June 2nd, 2008 at 3:58 pm

shorted 500 NTI at $13.70
19Al

June 2nd, 2008 at 4:01 pm

shorted 600 ACOR @ $28.00
20MTXR(TIMBUCKS: $26)

June 2nd, 2008 at 4:01 pm

Still trying to figure out how timmay found PCSV…must be thru some inputs of a screener or was previously on his list and just popped up again.
21YngvaiMalmsteve(TIMBUCKS: $588)

June 2nd, 2008 at 4:02 pm

I’m short NTI. I was going to wait for the close but this thing was already showing weakness with the fading volume, significant psychological resistance at $15, and the fact it broke its ascending trendline. I was in at $15 and more shares at $14.70. I’m holding overnight into the close. Should be another down day tomorrow.
22Timothy Sykes

June 2nd, 2008 at 4:05 pm

why in the world would u short ACOR at $28…strong stock with positive drug news, already consolidated and bounced…i hope u get squeezed cuz thats just an irresponsible short
23Cameron Fous

June 2nd, 2008 at 4:07 pm

yah my site got hacked last night too tim…… fuck!
24getshorty

June 2nd, 2008 at 4:07 pm

Just in time TIM !! Just when i needed the backup !!

Shorted 200 nti at an average of 14.07.

Tim’s typical bookplay, throw some kryptonite to the punch.

Short 40 acor, kind of shy I know….. but is not a bookplay….

Got hurt today with cred and fpp…. should learn my lesson…..
But still happy, mostly because of my large can$ short position. : )
25sniper6

June 2nd, 2008 at 4:08 pm

if you wanted to make cash today, shoulda shorted me… sniper6…I took some damage today. Couldn’t they just kick me in the balls instead?
26YngvaiMalmsteve(TIMBUCKS: $588)

June 2nd, 2008 at 4:08 pm

Hey, Fous, I tried to log onto your site an hour ago but it was making my computer act all weird, and my antivirus was alerting to a bunch of things. You up & running again or is it going to be more time?
27JeffMoates(TIMBUCKS: $258)

June 2nd, 2008 at 4:10 pm

Damn, I know Tim already said this, but ACOR short at $28 is really stupid. It closed with positive momentum. Anyone looking at level II on NTI? Say hi to my 1000 share short at 13.90! Come baby! I know there’s some po’ dunk hick out there on his pentium II just now reading superman’s picks and thinkin $13.90 is a great deal!
28Timothy Sykes

June 2nd, 2008 at 4:12 pm

u guys are experiencing losses cuz u’re trading random penny stocks randomly..nothing worse than that and thats why people think this is gambling. i dont have all the answers, but i do have a set of time tested rules and lessons learned use ‘em for god’s sake!

http://www.timothysykes.com/dvd
29getshorty

June 2nd, 2008 at 4:12 pm

Hi Sniper, we should form a club, the “get kicked in the balls when you enter a trade without a clear plan club”

I think we can both run for presidents.
30TomT

June 2nd, 2008 at 4:14 pm

Damn.. SOLI is under $5.. broker limit.. and NTI.. they only have 19 shares .. SCOTT Sux.. can’t wait for TOS to finish the transfer.. ..

need someting.
31sniper6

June 2nd, 2008 at 4:18 pm

I didn’t make a single trade today, just sat here with my head spinning and long positions hemorraging. My only plan now is to purchase cheap tequila, dump it out, and smack myself in the head with the empty bottle.
32sniper6

June 2nd, 2008 at 4:21 pm

oh wait…me fuckup again…bought 90 DGLY @ $9.52 long.
33sniper6

June 2nd, 2008 at 4:25 pm

shorty- LOL- just like the Democrats. We can both be president!
34Ad®ian(TIMBUCKS: $1)

June 2nd, 2008 at 4:35 pm

You’re asking for it when you allow signups and don’t bother upgrading. “WordPress 2.5.1 is available! Please notify the site administrator.”
35sonid

June 2nd, 2008 at 4:54 pm

Wow what a day, first of all I am glad to see your site back up and running Tim.

Today was such a shitty day as It was more about sitting on the side lines than getting any perfect plays. Although I am long on my ROYL play and will look to see what happens at the open tomm.
36timothysykes

June 2nd, 2008 at 5:00 pm

new post:

http://www.timothysykes.com/20.....gehogging/
37timothysykes

June 2nd, 2008 at 6:43 pm

new post:

http://www.timothysykes.com/20.....e-tv-show/
38Zykosis(TIMBUCKS: $85)

June 2nd, 2008 at 8:57 pm

what a nerd