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It’s Important To Know Which Stocks Are True Pump & Dumps

Timothy SykesAvatar
Written by Timothy Sykes
Updated 5/27/2009 4 min read

I get soooooooo many emails asking about different penny stocks, as many people believe they’re qualified to find diamonds in the rough…

Newsflash: YOU AREN’T

If you’re reading this, you’re one of the many millions of naive people who actually believe a penny stocks’ business actually matters. You actually consider buying stocks that get emails about because you believe the sales copy/propaganda.

Now, no matter how naive you are, you know I have a trading strategy that aims to short sell into the most hyped up/manipulated penny stocks in the world & obviously I’ve done pretty well over the past any time frame you look at, making me the top ranked trader out of 25,000+ on Covestor for the past 18 months, because short selling pump & dumps is just too logical a strategy to ever really do poorly, no matter how undisciplined or busy I have been in the past.

So what is a pump & dump–it’s when someone or some “firm” gets paid to send out emails, write “research reports” or talk about some piece of crap penny stock:

1.) They’re getting paid so you can’t trust a word they say

2.) The company or shareholder that pay for the pumping aren’t excited about the company or the company’s alleged breakthrough products (they ALWAYS have something breakthrough–a new gold mine, oil well, revolutionary drug, service, technology process, blah blah blah, no matter how great the sales copy makes a company look, the real business is else they’d put the $ directly into the company or buy more shares, instead they’re paying an outsider to get the stock noticed/ get the stock price higher in order to sell their shares at inflated prices!

3.) 99% of these pump & dumps are absolutely worthless, they are simply investment vehicles which stock promoters, pumpers and manipulators of all sorts look to pump using sales copy to lure in suckers

Look, don’t be ashamed to fall for such tactics, depending on the skill of the stock promoter, you will fall for their sales push and these stock actually do go higher for a reason (while getting pumped, before the dump, some people are obviously buying (in fact my PennyStocking instructional DVD teaches people to buy pumps too because if you get in at the very beginning of a stock being promoted by the best, it’s actually easier to profit from the long side than trying to find shares to short.

So here’s a list of all the known pump and dumps, feel free to add any more in the comments section and please do more work than me by also posting what the compensation was for the pumping ( in the disclaimer of every pump, to satisfy the SEC, the pumpers must disclaim how much $ or shares they’ve been compensated to be so soulless, learn more HERE)

Understand that none of these things are up enough for me to want to short them, they’re just decent to good pump & dumps, not great ones like UOMO)

I won’t even mention the company name because they’re irrelevant, the company/product doesn’t matter, I could create TIM Corp, symbol SHIT, pay somebody $50,000 or 500,000 shares and get my stock up from 5 cents to $1/share in a few days…too bad that ain’t my business and my business of teaching people to profit from the hype and corruption is actually a real business that makes more than any of these pump ever will.

SPNG (I get more emails about this pump than any other, they’re not undervalued, they’re numbers are BS, they’ve hired the best stock promoters around!)

XDSL
WWAG
NGHI
PUDC
HYGN
CVRG
CADD
PGYC
DYMTF
GERS
UPTR
AAPH
UPCN

…there’s too many to name, it’s pump season.

Learn the game and profit, otherwise, I don’t wanna see your tears–there’s no crying in PennyStocking!


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Comments (99)
Fake fockerMar. 24, 2022 at 10:45 am

Imagine if a organization had 300 stocks they manipulated constantly and that list was sold or posted free on every social media account I wonder what would happen 💰

Timothy SykesApr. 04, 2022 at 4:24 am

Welcome to the shady world of finance…

Flora Jean WeissJul. 07, 2019 at 7:41 pm

When you reiterate about the things that matter “it’s a pump and dump”, and the things that don’t matter, company name, what they produce, etc. It gets rid of the clutter.
Thank you.

Mitchell681Oct. 28, 2011 at 3:42 pm

looks like everyone that was arguing about spng was wrong the company is now worth .0001 cents a share lol dang even when buying it at .04 that is a huge loss. you now have nothing

JoeBlow1957May. 27, 2011 at 1:27 pm

What about NWMT? Peresently at .0005 with over 100 million income? How can that be? Or is it?

AnonymousJan. 21, 2010 at 3:30 pm

I am into AAPH and I see it on your list as a pump and dump… however, the company is profitable and they have a new oil field – proven – which they are planning 10 step-out wells for – 1st hole producing at 240 BOE – this is not a company that is a worthless POS…I wonder if those who say something is sh*t ever retract their statements?I realize there is huge fear of being ripped-off by evil manipulators but the width of the brush used can put tar and feathers where non is warranted.

Mitchell681Oct. 28, 2011 at 3:45 pm

by the way there revunue is only 92k how could they build new oil fields with that little of money?

NameSep. 26, 2009 at 9:21 pm

Great Job Tim! Don't let them get away with this!

NameSep. 26, 2009 at 8:21 pm

Great Job Tim! Don’t let them get away with this!

Kahakai BumSep. 25, 2009 at 12:49 pm

You can add PLLX…ICRD…HYHY…MITZ…AFTC….to your list.
I bought and held SPNG (now SPNGE) just long enough to make money
if you're holding it now…you're middle name is sucker..
I bought in at .006 and “DUMPED!” AT .28. Notice the word “dumped?”
That's all this stock is.

Kahakai BumSep. 25, 2009 at 11:49 am

You can add PLLX…ICRD…HYHY…MITZ…AFTC….to your list.
I bought and held SPNG (now SPNGE) just long enough to make money
if you’re holding it now…you’re middle name is sucker..
I bought in at .006 and “DUMPED!” AT .28. Notice the word “dumped?”
That’s all this stock is.

HoosierSep. 10, 2009 at 5:54 pm

Funny that this whole discussion is here. I've been looking at some pennies and joined a board or two and noticed that there was always a BANG in the morning and drain to the end of the day on the 'pumped' stocks. some of them even seem to have some value, etc. i even bought one as it pulled back from .18 to .12… then to .10… and is now at .08 or so…

However, for some reason, today I started researching pump and dump (after I wrote blurb about it in my own blog – mostly as an afterthought.) I started looking at some of the disclaimers on the stock “tips” and finding that the tipsters were being paid to pump the stock. I noticed the tips always come at 9:30a, and then sometimes again at 1:30p (for a pop on the open and a bump just before the “power hour” that's supposed to make the run.)

Some of my research brought me to Tim's site (for the 2nd or 3rd time). He's on to something.

Look at SPNG today… it finished around .14. up from an open around .11. Five days ago it was .20+. You could have shorted it then, sat around doing nothing, and pulled 40%+.

If you bought shares in April, you're happy. Who BOUGHT shares of this in April?

HoosierSep. 10, 2009 at 4:54 pm

Funny that this whole discussion is here. I’ve been looking at some pennies and joined a board or two and noticed that there was always a BANG in the morning and drain to the end of the day on the ‘pumped’ stocks. some of them even seem to have some value, etc. i even bought one as it pulled back from .18 to .12… then to .10… and is now at .08 or so…

However, for some reason, today I started researching pump and dump (after I wrote blurb about it in my own blog – mostly as an afterthought.) I started looking at some of the disclaimers on the stock “tips” and finding that the tipsters were being paid to pump the stock. I noticed the tips always come at 9:30a, and then sometimes again at 1:30p (for a pop on the open and a bump just before the “power hour” that’s supposed to make the run.)

Some of my research brought me to Tim’s site (for the 2nd or 3rd time). He’s on to something.

Look at SPNG today… it finished around .14. up from an open around .11. Five days ago it was .20+. You could have shorted it then, sat around doing nothing, and pulled 40%+.

If you bought shares in April, you’re happy. Who BOUGHT shares of this in April?

NameSep. 10, 2009 at 2:27 pm

IVOB
College stock has been pumping this stock for the last month and has been compensated 2.6 million shares of common stock.The stock has risen a bit in the last month but its my opinion, “and i'm stuck with it” that it will go higher from here . I just dont think its over yet.

NameSep. 10, 2009 at 1:27 pm

IVOB
College stock has been pumping this stock for the last month and has been compensated 2.6 million shares of common stock.The stock has risen a bit in the last month but its my opinion, “and i’m stuck with it” that it will go higher from here . I just dont think its over yet.

On_MJul. 17, 2009 at 6:25 am

I want to make a few things clear.

I think anybody who invests more than 25-35% of their total assets in this market is foolish unless they’re shorting a lot of stocks or got into underpriced companies when they hit their march lows.

As far as SPNG goes, like I said, anybody (like myself) who got in under .05 is sure to take profits at some point and rate it as a success. HOWEVER, anybody who devotes more than 1-3% of their total portfolio to a stock like this is more than likely to be disappointed. I like to use a really cheap stock or two like this for speculative and “entertaining” growth. I’ve been prepared to lose my total investment since the second I committed. However, I find it extremely amusing to watch people panic and overreact while I sit, do nothing, and wait.

Timothy SykesJul. 15, 2009 at 5:15 am

On, TONS of pump & dumps have fed off the ignorance of those such as yourself…when people pay promoters instead of investing in the company, your stock is worthless, i have no time to teach u, thats why i created dvds:

https://www.timothysykes.com/store

On_MJul. 15, 2009 at 5:04 am

Tim, I think your analysis of SPNG is totally off-base.

I’d like to know which other pump and dump scams have products that are popping up on more store shelves every day.

I’m not talking about the billboards plastered at Citi Field or at the HR Derby. Given the economy, people aren’t going to the car wash as much. Still, that big filthy SUV has to get un-mudded somehow.

The damn sponge really does work. I rubbed off many layers of filth with relative ease. I also know three people who have used that crazy Uncle Norman pet sponge to give their dogs baths, and they all swear by it.

What’s my point? This stock is worth at least .75-.95. When it hits that level, I’ll send you a nice muffin basket with my profits.

Obviously this isn’t going to happen immediately. However, people like me who locked in shares at under 5 cents, the last laugh will surely be ours.

Timothy SykesJul. 14, 2009 at 10:49 pm

SPNG has started its cliff dive, suckers will soon be taught their latest lessons, condemned not to remember it

GaryJul. 14, 2009 at 2:54 pm

So far Sykes appears to be correct for the short term on SPNG. 30% return is good even if his original position was at 10,000, and if it works for you, your blessed.

But the hype on SPNG is really good and tested true on some cases.

1. Purchase their product: Last week I bought one of their car sponges, it works great and the wax job was pretty noticeable. For 10 bucks you get about 8 washes. Still on the fence, because you can buy 50 washes of soap for 6.99 a bucket of water and a rag. This is just one product that i have tested, they have others to choose from.

2. Marketing: I watch fox news and espn and on both instances i have seen spongetech commercials. I also saw their sign at the HR durby game exactly where they said it would be, right field big and blue. However the sign was rather plain and displayed spongetech.com but it was there.

3. “For every 100 companies on pinks or OTCBB, only 1 or so will actually make it. Do you want to bet against those odds?” Not really but if im going to choose a company against the odds provided, I choose SPNG.

4. Spent more on less: Im not saying back the truck up, but keep some skin in the stock. Discipline weighs ounces but regret weighs tons.

5. Positive Growth: The acquisition of Dicon Technologies opens up a host of possibility for SPNG to become a house whole product. Time is the greatest factor, but if they continue with little overhead, great products, and great marketing, it continues to be a bet I am willing to loose on because no matter the odds on this pony, the pay out can be huge.

Spongebob SquarepantsJul. 11, 2009 at 4:27 am

Like to watch Stargate Atlantis episodes and also Lost. I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Look forward to reading more from you in the future.

JVJun. 20, 2009 at 6:11 pm

If this guy’s wrong (AGAIN), we all need to make it a point to rub it in his face. We should have a better idea of where SPNG is headed by the end of next week (6/26). I got in at .04, so I don’t really care if he’s right. I just enjoy putting a lying douchebag blowhard in his place.

TrellyJun. 14, 2009 at 3:16 pm

Poor suckers. Tim’s right… you always have to check who is getting paid to say what about pennystocks. This has happened millions of times before, and it won’t be the last time. For every 100 companies on pinks or OTCBB, only 1 or so will actually make it. Do you want to bet against those odds?

Mike OrlandoJun. 14, 2009 at 10:15 am

FROM yahoo finance record profitability!!!!!
finance.yahoo.com/news/SpongeTechreg-Delivery-bw-15478400.html/print
record profitability of approximately $10 million pre-tax.
SpongeTech Delivery Systems, Inc. Announces Estimated Gross Revenues for Fiscal Year 2009 Exceeding $50 Million

SpongeTech® Estimates Net Profit Pre-Tax of Approximately $10 Million

* On Tuesday June 9, 2009, 12:26 pm EDT

NEW YORK–(BUSINESS WIRE)–SpongeTech® Delivery Systems, Inc., America’s Cleaning Company™, (OTCBB: SPNG – News), today announced that its Fiscal Year ending May 31, 2009 gross revenues have exceeded $50 million with record profitability of approximately $10 million pre-tax. The revenues generated during the 4th quarter were substantially higher than any other quarter in the Company’s history. SpongeTech® expects robust revenue and earnings growth to continue into Fiscal Year 2010 and beyond. The exact results for both Fiscal Year 2009 and the 4th Quarter shall be released in its Annual Report on Form 10-K at the end of August 2009.

“We had an exceptional 4th Quarter, which resulted in a great Fiscal Year 2009,” commented Spongetech® CEO, Michael Metter. “The estimated gross revenues of $50 million far exceeded our expectations and we look forward to an even stronger year ahead as we continue to release new products.”

Spongetech® COO, Steven Moskowitz commented, “We are excited about the launch of our newest product, SpongeBob SquarePants Soap-Filled Bath Sponge. The Company is anticipating terrific growth over the next 12 months. Management is working hard to insure that manufacturing capabilities are scalable enough to meet any and all future demand.”

VDJun. 14, 2009 at 4:02 am

I love it Timmy! You are a hoot! You should hire and editor.

From 3rd paragraph above:

“Now, no matter how naive you are, you know I have a trading strategy that aims to short sell into the most hyped up/manipulated Penny Stocks in the world & obviously I’ve done pretty well over the past any time frame you look at, making me the top ranked trader out of 25,000+ on Covestor for the past 18 months, because Short Selling pump & dumps is just too logical a strategy to ever really do poorly, no matter how undisciplined or busy I have been in the past.”

From https://www.timothysykes.com/about/ :

“In late-2007, after suffering a roughly 35% loss over two years, he closed his hedge fund and created a publishing company, BullShip Press, LLC to promote Freedom of Finance, the concept of a hedge fund manager’s right to discuss their business freely without risk of penalty or censorship.”

So, your strategy is so good, that your closed your hedge fund and turned writer/blogger. Is that what your DVDs teach your “sheeple” (if you have any)? Your Billy Mays tag line goes something like this…

“I will show you how to lose 35% , only to recover by owning and operating a blog. Act now, and I will throw in my “Timothy Sykes Gone Wild” DVD for FREE. Call now! Operators are standing by.”

Laughable! Truly laughable. 17.7 cents short?!? Why didn’t you short this at it’s peak if you can read these charts so well? Why not sort at 28 cent? Some strategy.

nickJun. 10, 2009 at 6:12 pm

At Least you know your wrong a lot and I’m sorry to say you are blowing this one but we have told you so you know. Its your choice to short or go long but you don’t seem to want to do either… What a shame were all freaking making fortunes on this pump and dump. Hey when you get a second please be sure to let us all know what stock you advised your members to short or long with gains like this recently. Thanks and good luck! Are you when were on the Nasdaq!

Timothy SykesJun. 10, 2009 at 5:36 pm

again, its impossible to be wrong when promoters are being paid, its written for anyone who can read…the only question is how much longer before the dump

BrendanJun. 10, 2009 at 5:30 pm

“Nick, stick around, u’ll see i’m usually wrong about the price patterns but i’m right enough to make $”

Well at least you know you’re no expert. That’s refreshing in itself. BTW you are wrong about this one, I trust you’ll be man enough to admit it sooner or later. In the meantime I’m up over 700% and thinking about buying a new car and some rental property.

Enjoy

Timothy SykesJun. 10, 2009 at 5:18 pm

Nick, stick around, u’ll see i’m usually wrong about the price patterns but i’m right enough to make $…and while i might get the pattern wrong, its impossible, literally impossible, to get a pump & dump wrong, all u gotta do is read some SEC filings and see who’s getting paid to promote…u can learn to do it too:

https://www.timothysykes.com/timfundamentals

NickJun. 10, 2009 at 5:16 pm

Oh…yea…forgot to tell you because I know you did not know. Their meeting is tomorrow with the Nasdaq. Lets see if the Nasdaq thinks its a pump and dumb and wether its worthy to trade with the big boys like AAPl and the others.
Should I say, “see you at $2.00 and beyond?”

NickJun. 10, 2009 at 5:13 pm

You dont see me pumping it. I know the truth about the company. There worth two bucks. Do you think I really care shareholders and management once pumped the stock 2 years ago when it was an infant? No I do not. Look at her shine now. Tim, at what point will you admit you were wrong, you did not understand the stock, you made a mistake, and mis-guided your subscribers and followers? I suck it to my members when I was wrong. A blog it is!

So when they move over onto the Nasqaq in two months at $2.00, you can go ahead do your apology to your members and say I blew it. Nick was right. I should have done my homework and I cost all of you 1500% run!

Timothy SykesJun. 10, 2009 at 5:00 pm

nick, SPND is a pump & dump, thought the dump would come today, was wrong…dont worry it’ll come sooner or later, i hope u guys can pump it up to $1 before its all over!

Timothy YikesJun. 10, 2009 at 5:00 pm

Maybe you should be contacting Costco, Walgreen’s, CVS, WalMart and all of the other retailers that are stocking the pump and dump in their stores. I’m sure they will be happy to hear your expose and purge their shelves of the stuff. You might even pick up a subscriber or two…I’m sure there are a few greeters at Walmart that could use your high level advise.

Ps, if Moe agrees with you you can pretty much hang it up

Timothy SykesJun. 10, 2009 at 5:00 pm

nick, SPND is a pump & dump, thought the dump would come today, was wrong…dont worry it’ll come sooner or later, i hope u guys can pump it up to $1 before its all over!

Timothy YikesJun. 10, 2009 at 5:00 pm

Maybe you should be contacting Costco, Walgreen’s, CVS, WalMart and all of the other retailers that are stocking the pump and dump in their stores. I’m sure they will be happy to hear your expose and purge their shelves of the stuff. You might even pick up a subscriber or two…I’m sure there are a few greeters at Walmart that could use your high level advise.

Ps, if Moe agrees with you you can pretty much hang it up

NickJun. 10, 2009 at 4:23 pm

But you suggested to your people to short at .13 cents and cover at .10? Anyways, Im just having a ball with you. For two solid weeks you have been telling me everyday that SPNG is a pump and dump and you clearly know I know this company and what is going on alot better than you. So far, you not paying attention has only cost you about 800% upside. Hang in there, I will teach when you can open a short on SPNG. Its not why they are freaking transfering to the Nasdaq and crushing a huge naked short in the stock! Geez…..Timmy!

Timothy SykesJun. 10, 2009 at 3:37 pm

no nick, it was a potential short, would never short a stock breaking out to higher highs

NickJun. 10, 2009 at 2:39 pm

Oh boy, Timmy is telling people to short SPNG (but he does not have time too) hehehe…now the stock is running on its way to $2.00 .

If you truly want to make money, do the oppisite of Timmy. He has no idea the difference between a pump and dump and the next Lysol company.

tomJun. 09, 2009 at 8:31 am

gee tim your pump crap about spng is a total lie i think you are being paid to bash it so the shorts can cover with out losing there house wife and misteress

SPNG is a true company and does not fit in your theroy

i still see no sorry for being stupid and wrong

where is your retraction or are you just a blow hard lieing web site fraud

DonkyJun. 09, 2009 at 1:08 am

I was just pitched, as a rep of an OTC traded company, by promoters who pointed to SPNG as one of their recent PUMP successes, and yes they like to be paid for their services in shares. Tim don’t lie!!

DragonJun. 07, 2009 at 1:41 pm

I agree, it would have to be a pretty good, or at least long term scamp, if the product is showing up at Walgreens and others stores. I’d also like to know what Tim knows that we don’t know. Maybe he is paid to knock the price down and others up.

FrankJun. 07, 2009 at 12:22 am

jeez….its june 6th now… wtf happened to your Pump and dump theory for SPNG? SPNG just signed a deal with costo and their stock went from .04 to .10 .. LOL
can you explain what happened there?

jammyJun. 05, 2009 at 11:23 am

looks like a made a good cal two days agol- AGEN dropped 17% today!

ollieJun. 05, 2009 at 10:45 am

Is HRSH in play? Up over 26% very high vol. of over 396,000 shares

Timothy SykesJun. 05, 2009 at 7:35 am

correct, all i want to do is help the poor be less poor…screw trading on my own, this infinitely more fulfilling and rewarding, especially monetarily if i just stick to that one goal

Johnny BJun. 05, 2009 at 12:18 am

Tim,

You have a great stock trading system. It reminds me of Jesse Livermore, betting on the price fluctuations. However, he, unlike you, realized the big money is in riding overall market moves. Taking small hits the rest of your life and teaching others may be satisfying enough for you. But, you will never be more than just a small time blogger who helps the poor get a little less poor. I simply think that you don’t believe in yourself that you could actually make it big.

Timothy SykesJun. 04, 2009 at 8:20 pm

DONT BELIEVE A SINGLE WORD A PENNY STOCK EVER SAYS. CONGRATS ON YOUR GAINS, RIDE THE HYPE, JUST DONT BELIEVE IT. IF U STAY TOO LONG, YOUR GAINS WILL BE GONE AND U’LL BE BITTER AND THEN U’LL REMEMBER WHAT I TOLD YOU AND THEN U’LL BECOME MY BEST CUSTOMER BUT RIGHT NOW YOU DON’T REALIZE IT YET

DragonJun. 04, 2009 at 8:16 pm

Sales by SPNG are not fake, the company is in the black, unlike many others, and sales are increasing. Surely you’ve seen the news, Tim?

Also, there are many of us of modest means who own SPNG stock. We aren’t just “pumping” hot air — we are in it for the long haul.

I got in at .0404 (45.455 shares,) so I’ve almost doubled my money, already. I bet you a buck you’ll be taking a closer look at SPNG, yourself. 😉

Timothy SykesJun. 04, 2009 at 7:59 pm

KL, i aint complaing, i love the scumbag pumpers, they give me great shorts..ZAGG will be one eventually too…but dont confuse ZAGG with SPNG, ZAGG only needs $2mil in buying to push it up 30%, SPNG needs $20mil…good luck trying to keep the volume up, truly, get it as high as u can to give me the most downside on the way down!

KLJun. 04, 2009 at 7:51 pm

So if SPNG is such a scam stock, then tell me if ZAGG.OB is also one when both that REAL earnings, are both growing their business, and are profitable. If you’re going to bask about how such a scam SPNG, don’t complain when you see SPNG trade at $1.00 in the near future and you just missed out on a 15 bagger.

Think about those who bought into ZAGG 8 months ago, and are now sitting on a 10 bagger since it’s lows.

Complain all you want about SPNG, but I just made $7000 on this stock and was able to buy back at a lower price. Thank you for dumping your stock for me to buy!

MJMay. 28, 2009 at 9:30 pm

Oh, and for the record, I actually meant that cocky picture comment as a compliment. I think you need to have some edge to thrive in this part of the market. From what I saw of you on WSW, you do.

I also happen to agree with you about virtually all penny stocks being worthless POS that can be shorted on every big run. I just think in this case (SPNG) you have found the exception, and will be proven wrong as a result.

jammyMay. 28, 2009 at 4:18 pm

yeeehah turned out i forgot to short those 500 shares of cbou and i longed them! + 160

mjMay. 28, 2009 at 2:46 pm

Hold that thought on the dime.

If it gets to a buck, I have enough shares so that I’ll start a website with a cocky picture of myself holding some cash. With the added satisfaction of having made that $$$ at the expense of some arrogant shorts.

I hate Yahoo boards, BTW.

Timothy SykesMay. 28, 2009 at 2:39 pm

%s are irrelevant with pumps, getting your pump over a dime/share is the first step, then a quarter,, then $1…i don’t touch the pumps of amateurs, u guys have fun on your yahoo boards

MJMay. 28, 2009 at 2:12 pm

Not the former, so I guess that makes me the latter.

900% gain in two months (.006 to .056) isn’t a good enough job of “getting the stock up” for you? Sounds like a pretty good short to me, buy hey, you’re the expert, right?

I’ll take the high road on the name calling. We’ll see how you do on this one.

Timothy SykesMay. 28, 2009 at 2:02 pm

MJ, u ignorant paid promoter or sucker, sPNG is a pump and dump, if u can’t see that, god help your account. i won’t short it because you and your pumpers arent doing a good enough job of getting the stock up to make it worth my time. quit smoking crack and get to work

MJMay. 28, 2009 at 1:59 pm

Wow.

Are you sure that is your opinion of SPNG? I think that may be an embarrassing bad call on your part. If you know of any other pennies with financials as “BS” as Spongetech’s, let me know and I will immediately go long on them.

Short it, and let’s see what happens. Better yet, naked short it – you’ll have plenty of company. And misery loves company.

Timothy SykesMay. 28, 2009 at 1:31 pm

ha john, i dont pretend to knwo when stocks go up or down, the past few weeks, pumps have been on fire, it was inevitable that they cool off…I’m short the pump and dump USCN at 86 cents, guess i shoulda covered this morning at 32 cents, but missed that cover

RobertFeb. 16, 2019 at 5:46 am

Is Teva a pump-and-dump pharmaceutical scam

jammyMay. 28, 2009 at 1:29 pm

boo yah shorted 500 CBOU at 6.35!

johnMay. 28, 2009 at 1:25 pm

Tim- I have been reading about you for a while . I am not a member yet. This is the way i am very skeptic. I have to check things out first. But of all the pump and dump list that you mentioned yesterday, sure thing all the stocks went down today except three not yet. I really wonder how do you do that. I am starting to believe that there is someone who can be honest in this business. But we will see i will keep checking things for myself before i sign up.

jasonqualityMorrisWABMay. 28, 2009 at 12:44 am

How about MDVX.OB? A third party paid Wasserman Morris to write a hype sheet. No actual cash, so MVX.OB traded out services with Qualitystocks.net. The guy running C&H Capital, who has quite a searchable past history of junk penny company involment as well as a long history of message board boosting, is their IR pump house man. Recently paid WAB Capital a gang of warrants priced under market to run a road show.

The 10K tells all. They need to keep pumping, keep flogging more shares just to keep the lights on.

What’s your opinion?

sykesfanMay. 27, 2009 at 1:09 pm

Why do you think there numbers are BS, couldn’t they still have good numbers, SPNG that is.

And your are the topic of the hour at Ihub



Author card Timothy Sykes picture

Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (205) 851-0506 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”