The Stockster Thinks I Want To “Bring Down Penny Stocks”, Exemplifies Niche Ignorance
Many of us veteran microcrap traders remember TheStockster.com as a great little promo machine for pumping up shitty companies aka great for creating short selling opportunities. Unfortunately Osama bin SEC shut them down, whining about misleading investors. You can read the full complaint HERE, but it’s funny that they singled this guy out for misleading investors as that basically sums up all of Wall Street!
(Yeah I said it, everybody who’s been in the game for more than a few years knows that’s reality…whatcha gonna do Osama bin SEC, shut down all of Wall Street? Nah of course not, you guys are incompetent/understaffed/underpaid/terrorist pricks!) (Newbies/idiots: you really think manipulation is limited to penny stocks? C’mon grow up Peter Pan, Count Chocula–all you gotta do is look at what’s happened with the $330 billion auction rate security market–supposedly “safe”, or marketed that way, investments, which have now become worthless overnight…not to mention all the fraud involved.–to toughen you up)
Anyway, some guy who identifies himself as Mark Groanboom and linked to the new TheStockster.com (supposedly under new management even though it’s currently a blank site) commented on my blog post that talked about 99% of penny stocks being frauds/schemes/scams saying:
Simply not true. Your attempts to gain notoriety as the man who brings down penny stocks is pathetic.
Congrats Mark, you actually made me LOL. Laughing at your stupidity. You friggin moron, why the hell would I want to “bring penny stocks down”–if you did any research whatsoever or had the literacy of a four-year-old, you’d know my book An American Hedge Fund details how I made a fortune off penny stocks, my instructional DVD is called PennyStocking aka tries to get people more comfortable playing these flea-ridden “companies”, my strategy that’s yielded a solid 60% return over the past few months is all about profiting from the corruption/manipulation/incompetence/ignorance that represent this joke of a niche–and doing it the legal way through buying breakout chart patterns and short selling, again based on chart patterns or at the very least–since you seemingly can’t read–you’d have seen that big ass picture of me on this site with the phrase “You Can’t Handle The Pump” and gotten interested enough to click it and see that I actually have no problem whatsoever with stock promoters–for without them, there’d be far fewer ideal short selling opportunities! Yup, I love you bastards and now I’m gonna take you mainstream!
Thank you Mark, thank you for your total disregard for research, thank you for your illiteracy, thank you for your incompetence–in short, thank you for exemplifying the EXACT kind of person who plays penny stocks and why there’s soooooo much opportunity for those who care to think just a bit more than you and why it’s soooooooo easy to profit from trading these schemes.
I hope your new site takes off–hell, I’ll even link to your “articles”, anybody dumb enough to buy a site busted for stock manipulation has def gotta have plans for further manipulation. Good! Here’s a tip: stay offshore, use accurate disclaimers and for god’s sake learn to read!
PS Osama bin SEC, I dare you to try to come after me, I list all my trades/ideas/theories/strategies openly, I have no other trading accounts, I take no money from any stock promoter/penny stock/penny stock shareholders, I don’t trade against my picks, I have no connections who trade against my picks, nothing I say/write or do is a recommendation to buy or sell any securities, penny stock trading is RISKY SHIT and everything I say and do is for entertainment purposes only. So haters, bring it, no better feeling than having a totally transparent business model, wish you could all be so lucky!
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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 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1CNEH
June 30th, 2008 at 12:01 pm
I still can’t believe you sold CNEH so early. You said the risk on the downside was 10-20 cents and the upside was a dollar. I know it’s worst case scenario, but come on man. You have to let the sucker run a tad bit longer.
2timothysykes
June 30th, 2008 at 12:02 pm
who the hell cares what i do anyway, focus on your own trading
3sniper6
June 30th, 2008 at 12:10 pm
SHFL finally shit the bed.
4investorslive(TIMBUCKS: $224)
June 30th, 2008 at 12:10 pm
Thestockpic promoting a new site and stock
BestPennyPick.com brings you new Hot Stock Pick - PMKT - PROCONCEPT MARKETING!
ProConcept Marketing Group, Inc. Acquires Phase 3 of ”Cave Village”, Valued at $12 Million (200 Acres) in Jamaica, W.I.
Learn more about PMKT at
http://finance.yahoo.com/q? s=PMKT.PK
5YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 12:13 pm
Anybody catch the $3 break on QTWW? I got in at $3.02
6brent(TIMBUCKS: $185)
June 30th, 2008 at 12:16 pm
forgot about SHFL… nice drop
7dan
June 30th, 2008 at 12:18 pm
I remember the stockster aka the penny stock pump and dumper. That smuck made me a lot of money. CNEH why the hell do you care if Tim scalps? Keep going for 1 point off every trade and see how well you do intra day. Greed is the reason 99% of the people lose, as well as under capitalization, lack of effort, and down right stupidity.
8Rambone
June 30th, 2008 at 12:21 pm
SSN breakdown. Could see 3.50 soon. Small cap oil plays are no longer following the oil move.
HYGS is running nicely. Definitely the prototype play if you want to buy a stock that will gap open tomorrow as long as it closes at the day highs.
9Kevin
June 30th, 2008 at 12:23 pm
Tim, just bought pennystocking, finished reading and watching everything, and i’m enjoying it so far.
I’m not here to kiss ass, but just a simple thanks for being straight up and open.
10Rambone
June 30th, 2008 at 12:23 pm
CSGH nice looking chart. Ready to challenge 1.40 resistance as well as year to date highs. Nice small daily gainer that after a week add up to a big gain on few hundred K volume. Not a MOMO style play like HYGS.
11Kevin
June 30th, 2008 at 12:25 pm
YngvaiMalmsteve,
I don’t know what has happened since, but as I watched QTWW bounce around 3, I watched consistently massive sell pressure on my Level II, so i avoided. sells dried up and it hit 3.10, but it was too crazy for me. Dropped again after steady increases, think we MAY be looking at a winner in the afternoon
12sniper6
June 30th, 2008 at 12:29 pm
I see someone finally bought 2000 shares of OSRS. 100x or 1000x the volume would be nice!!
13YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 12:29 pm
Kevin,
I have TOS which sucks for Level II. I was just playing the chart. It was hanging around right above $3 so I figured that was a good entry point.
QTWW has an earnings CC at 4:30 EST today, during market hours. They are announcing 2 weeks early, on a Monday, in the middle of the market, in concert with a perfect chart pattern setup. Hmmmm…it will be interesting to see what happens this afternoon.
14YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 12:31 pm
Hey, Rambone, Lebed was pumping CSGH last week or the week before.
15markjohnson
June 30th, 2008 at 12:36 pm
Tim great pick on CNEH didn’t get in but was cool to see it run
16timothysykes
June 30th, 2008 at 12:38 pm
uhhh HYGS, friggin meeting
17be-the-ball(TIMBUCKS: $81)
June 30th, 2008 at 12:40 pm
tim,
if you miss good plays because of meetings etc… isn’t that a disservice to subscribers of TimAlerts?
18timothysykes
June 30th, 2008 at 12:42 pm
ha, TIMalerts is just my watchlists and trades…if i’ve done my job well enough, u dont even need to see my trades, i usually screw them up anyway!
19PCola(TIMBUCKS: $64)
June 30th, 2008 at 12:45 pm
YngvaiMalmsteve, 4:30 EST is after the market closes…
20YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 12:48 pm
Whoops, you’re right…my bad. I’m on PST myself so I got mixed up there
21Rambone
June 30th, 2008 at 1:08 pm
HBAN, FITB, SSN, UEC, ABAT, NYNY all great short scalpers. Don’t think they can hold support levels. Atleast 20-30 cent scalps in all by tomorrow.
22Rambone
June 30th, 2008 at 1:10 pm
POWR also short potential on breach of 7.50. Hit 8 resistance today on very weak volume. I doubt it will retest. Short sell the dead cat bounces.
23Rambone
June 30th, 2008 at 1:19 pm
If I had the choice of only 1 stock to play for tomorrow it would be QBIK as the best risk to reward potential. HBAN would be one of the best shorts. Under 6 again. Banks and financial stocks are all trading like they are going bust.
24sniper6
June 30th, 2008 at 1:37 pm
looking to play KOG one way or the other, dunno which way yet!!
25sniper6
June 30th, 2008 at 1:39 pm
I banked last week on HBAN short from $6.40 average, I dunno if I’d short it much under that.
26Rambone
June 30th, 2008 at 1:44 pm
Wouldn’t want to guess. Only thing I can speculate is the 5 resistance which was touched on almost 10 million volume. Upside is limited while exposing yourself to a possible 4 support downside. Find a chart and pattern that’s tradeable. KOG was a play this morning on the bounce off the 4 support. Gap open. Too many to follow and you can’t play them all so concentrate on a few.
27Rambone
June 30th, 2008 at 1:54 pm
CROX under 8. You can short those new 52 week lows with ease. CROX has no support. It will get hit hard if the market continues to bleed.
28sniper6
June 30th, 2008 at 1:54 pm
Bone- Only made one trade today , nothing for pennystockers, short 500 PFG @ $43.00. You are right, toooo many to watch, plus, I still have my actual job to do
29brent(TIMBUCKS: $185)
June 30th, 2008 at 1:58 pm
ABAT just took out a intra day support line
30lmsmith
June 30th, 2008 at 1:59 pm
SMH I would have made a killing off of my LEH short @27 if I held onto it…….. pos is still falling
31Amzzz(TIMBUCKS: $14)
June 30th, 2008 at 2:02 pm
SEC will be pounding on your door any minute now… lol. Goodluck
32Rambone
June 30th, 2008 at 2:04 pm
Sniper that’s definitely no penny play. I see IPI and POT as good short sells also for non penny plays. 65 and 230 support has become resistance to both and neither will hold those numbers in this market.
33Rambone
June 30th, 2008 at 2:05 pm
Don’t forget PINN. This one is an ATM at 3.50. Look at how it performs on breaches of 3.50.
34sniper6
June 30th, 2008 at 2:17 pm
-gulp- guess I’ll be sellin my IPI then. Anyway, off to a foreclosure auction, poor people like living in the streets anyway. Good Luck to all.
35Rambone
June 30th, 2008 at 2:18 pm
POWR slipping below the 7.50 mark. Usually a stock that’s broken support will make a few attempts back at it so you won’t see the instant drop. A lot of times the big dump takes place on the day after the break. One must be patient sometimes as plays take many hours or days to develop. Don’t expect a stock to drop down 10% on stop loss orders if it breaks support. COIN is a great example of a stock trying to regain back its 6 support only to tank the next day.
36Rambone
June 30th, 2008 at 2:23 pm
Don’t hold a stock long or short into an earnings play. Yes, it could gap but you could also get crushed like those in JADE. Leave the speculative bets in Vegas.
37YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 2:40 pm
Well, regardless of what happens with QTWW, I’m out anyway. It didn’t hold above the $3 breakout. I got out at $2.97 after my $3.02 entry.
38Rambone
June 30th, 2008 at 2:42 pm
SFEG a gold play at .80 might have potential. Volume is very nice as is the resistance break of .80. Spread is a little steep at 1.8 cents. Will keep on my watchlist.
39Rambone
June 30th, 2008 at 2:47 pm
Yng,
I like your blog. Good reading.
40YngvaiMalmsteve(TIMBUCKS: $593)
June 30th, 2008 at 2:49 pm
Thanks, Rambone. Still learning this game, and blogging about it helps me write out my mistakes so that I don’t repeat them.
41Mike_13th
June 30th, 2008 at 2:51 pm
Mike_13th
June 29th, 2008 at 6:54 pm
RNN looks like a ss&f.
Symbol change,”new” twist on a drug,got a pump email on it….yehaa pump it baby,it’s shortable on IB too!!
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Stinkin’ ss&f,ha
lods down 15%
42Rambone
June 30th, 2008 at 2:52 pm
Profit taking in HYGS. Always take half your profit off the table in a position you plan on holding that spikes up huge. No one times tops or bottoms so always secure some profit. HYGS doing 7 million shares. If it retests day highs on that volume you can believe that’s a major gapper in the morning. Already back up above 1.70 intraday support.
43manny the trader from cancun
June 30th, 2008 at 3:03 pm
kids its time to see my TGC reaching $3.
44brent(TIMBUCKS: $185)
June 30th, 2008 at 3:03 pm
STOP THE PRESSES: BSHF TO GO TO 6.50! ! ! ! how do i know?
Market Movers just sent me another update. i’ll wait OOooooommmmmmmmmmmm…..
45Wes(TIMBUCKS: $12)
June 30th, 2008 at 3:04 pm
Is anyone else holding HYGS overnight? The volume today is hard to ignore!!
46brent(TIMBUCKS: $185)
June 30th, 2008 at 3:06 pm
rambone: i was in ABAT at 6.09 had to get out at 5.88 as there is a thunder storm in the area and i will no doubt lose power. Damnit. one thing or another. looks like its gonna keep going. Oh, well profit is profit no matter how small. Already gone to my 1st target of 5.77. I feel like time, now, worst case scenario…. OOoooommmmmmmmmmm…
47brent(TIMBUCKS: $185)
June 30th, 2008 at 3:11 pm
If i stay online and ABAT retraces to near 6 i may get back in for overnight… Waddaya think?
48be-the-ball(TIMBUCKS: $81)
June 30th, 2008 at 3:11 pm
Tim,
add REDF to your watchlist, up on a CNBC pump, will fall back eventually, just a matter of when.
49balls...or just plain nuts...
June 30th, 2008 at 3:16 pm
Still holding my 1000 CNEH from friday @4.64
Sold 900 HYGS way too early @1.52, but still holding 100 from friday @1.44
Trading at work from my phone made me nervous, I didn’t want to keep track of two stocks at the same time while dealing with the slow connection, that’s why I sold so early on HYGS. Up $680 on the day so far.