This Is How A Fraud Trades: Laud Resources Inc (LAUD) & MyECheck Inc (MYEC)
That’s right kids, it’s time to play another round of “This Is How A Fraud Trades” Cue the music.
LAUD Resources Inc. (OTCBB: LAUD) is now woth over $200mil and has revenues of $1 mil…and that chart, as you all should know by now, is a classic classic manipulation scheme…company will say “we don’t know who’s manipulating our stock, we’re just innocent victims”…and then do a financing at 70% discount to pumped up prices…god I love this game!
MyECheck Inc. (OTCBB: MYEC), a sketchy electronic transaction processor and provider of alternative payment solutions…never trust companies with different cases in their names, you’re just begging for trouble (see an example). And you see that volume recently, yeah, they got promoted by equally sketchy DoublingStocks.com, whose “trading robot” manages to pick out these kinds of stocks and amazingly also finds a way to get paid by many of the companies or company shareholders just for picking the stock! Now that’s one talented robot, the kind that make you an offer you can’t refuse.
I’ve got shares of LAUD reserved to short, can’t find any MYEC, be very very careful…
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
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| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1YoungGunz(TIMBUCKS: $254)
June 11th, 2008 at 3:31 pm
I have been watching LAUD like a hawk today. Hope it takes a dive like a hawk as well.
2YoungGunz(TIMBUCKS: $254)
June 11th, 2008 at 3:36 pm
Actually hoping it starts to squeeze here so close to the close. Hoping for it to be my trade of the day for tomorrow.
3Rambone
June 11th, 2008 at 3:44 pm
Nice timing the peak on LAUD. 81 million shares outstanding. Looks like it could close in the red today after giving up so much of its gains. Either way tomorrow should be a nice haircut.
About 350 trades in this one today. Plenty of downside left with a 52 week low of $.40 and support around $1.50.
4getshorty
June 11th, 2008 at 3:48 pm
Tim, What you mean careful, you mean myec can spike overnight?
Looks to me that doubling stocks don’t create supernovas, they just around double the price, and create volume around that price while selling slowly during several days or weeks, usually they fade instead of a big drop, here some previous picks from Marlin, the honest robot.
RUNU
UOMO
VDTI
5sonid
June 11th, 2008 at 3:54 pm
I just don;t get it maybe Tim can explain it. Every time LAUD goes down a bit there’s a huge bid thrown on the level two. Currently around 54,000. @ 2.50 this has been happening all day. MAnipulation- uh yes please!
6Rambone
June 11th, 2008 at 3:56 pm
Meant you timing the peak of LAUD. This is a prototype Tim Sykes short play that you teach in your DVD.
I have a hunch after a year you’ll be able to crush stocks on your calls when you have a much larger following. I know you’re not aiming for this but this is the future. Very nice benefit to putting in so much work.
A porno star makes pornos so she can make the big bucks at the strip clubs.
7FastMoney20(TIMBUCKS: $18)
June 11th, 2008 at 4:00 pm
I’m in long for QTWW…bought 200 shares at 2.77 and 100 more at 2.42. Any advice on what i shuold do tomorrow morning. HOLD or SELL? Buying more is not an options lol! Eff this stock!!!!!!! imo
8balls...or just plain nuts...
June 11th, 2008 at 4:43 pm
Tim, TOS is awesome! I put in an order to short a stock and was rejected. Contacted the trading desk, and they found shares for me to short! No other broker has done this for me!
9FastMoney20(TIMBUCKS: $18)
June 11th, 2008 at 4:45 pm
QTWW….bought in at 2.77. Tomr morning….HOLD OR SELL???
10timothysykes
June 11th, 2008 at 4:58 pm
yes LAUD turned out to be a good short, i missed my execution, wasnt aggressive enough–was too aggressive with STXX!!!–anybody get on that ride down?
11dude
June 11th, 2008 at 5:02 pm
I’m surprised to see MYEC mentioned here. Based on what I read in the book, I had already passed on this based on lack of trading volume. Has the market changed to where 1 mil or so is not to be found anymore? Please clarify. A bit confused here…
12Tony Ellis(TIMBUCKS: $128)
June 11th, 2008 at 5:12 pm
I’d love to see STXX run up to about 5.50 on the open.
13getshorty
June 11th, 2008 at 5:13 pm
MYEC is no typical sykes play, different game, working for me on the side. No supernova behavior on doubling stocks.com crap
14Mark
June 11th, 2008 at 5:21 pm
Tim, I reserved shares of HYHY, but I’m still unsure how to play these in the morning. I wish you would give a little tutorial on when it’s appropriate to short at the open. Thanks man.
15timothysykes
June 11th, 2008 at 5:23 pm
mark–how about tis never appropriate to short at the open! u might miss a few morning dumpers, but u’ll save yourself a ton of short squeezes
16timothysykes
June 11th, 2008 at 5:24 pm
CONTEST TIME:
http://www.timothysykes.com/20.....ing-price/
17getshorty
June 11th, 2008 at 5:26 pm
Tim, what you think of those gradual fades of Doubling stocks crap, VTI RUNU UOMO and next MYEC?
I know you are an impatient guy, but this looks like a sure thing to me.
18Timothy Sykes
June 11th, 2008 at 5:33 pm
none of the other doublingstocks crap is up enough…and i got a limited number of trades/capital…STXX and LAUD are def. gonna be in play tomorrow
19FastMoney20(TIMBUCKS: $18)
June 11th, 2008 at 6:37 pm
RLKX, check it out. Might be something good to look into.
20ivegotstylekid(TIMBUCKS: $189)
June 11th, 2008 at 10:10 pm
still holding GU from tuesday
21dude
June 11th, 2008 at 11:39 pm
looking @ SWHC… but this is killing my excitement.
“a situation where a company appears to have growing profits but where statements and footnotes in filings shows that the real bottom line is falling.”
g’nite
22mitil(TIMBUCKS: $42)
June 12th, 2008 at 1:01 am
what do you guys think of frbk?
seams that it is up on pr news…..nice short in a couple of days.
23seattle guy
June 12th, 2008 at 1:46 am
FRBK..is a sure short. I have shorted it as well.