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CYGT Gets New CEO

Posted by Timothy Sykes on Thu 1st of Nov, 2007 07:25:18 AM
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As nearly everyone now knows and as detailed in my book , my hedge fund’s downfall came because of one position, Cygnus eTransactions Group, Inc. (Other OTC:CYGT.PK ), a provider of online ticketing solutions, a company’s technology with which I fell in love with and got my heart broken.

I initially put about 10% of my then $1.2 million hedge fu

nd in this stock, but the position grew when my confidence rose after they signed deals with Expedia, Harrahs, Hershey and AAA. Well, the Expedia and Harrahs deals bombed, the stock tanked to the 7 cent range, my hedge fund closed, people mocked me for being so stupid and here we are today with me announcing I’m going back to my $12k roots.

CYGT didn’t want to be left out of the publicity party today so they also issued a big PR, announcing a new CEO who was the former head
of ticketing at Disney and Six Flags. Yup, you read correctly - a big-time ticketing guy just became CEO of a 7 cent stock (of which me, my family, friends and not-so-happy hedge fund investors are still suck with, in total about 2 million shares, mostly restricted).

We’ll have to wait and see if this guy can turn this company around, but he’s only 39 years old, so I gotta believe he sees CYGT’s incredible technology as a career maker (as I did). So, let’s see how this plays out, it might take a while, but I have a feeling I now have a serious chance at vindication.

cygt CYGT Gets New CEO

Disclosure: Timothy Sykes, his family, his friends, his hedge fund investors all have shares in CYGT.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider this stock to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $33,956 even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Dec 26 CPY $3.33 $3.31 $70
Dec 22 HSNI $5.32 $5.39 $120
Dec 18 RVI $3.07 $2.90 $737
Dec 17 TKTM $6.23 $6.08 $333
Dec 16 CPD $5.15 $5.31 $444

Total: $42,656 (243%)

TIM Alerts

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Date Stock Position Ideal Exit % Gain
Nov 24 KVHI Short $3.70 18%
Nov 20 STSX Short $3.10 11%
Nov 18 PERY Short $3.75 25%
Nov 11 IIJI Short $2.80 5%
Nov 6 CVI Short $4 15%
Nov 5 MECA Short $1.95 51%
Nov 4 CVI Short $4.81 4%
Nov 3 NAK Short $3.20 5%
Oct 29 EVC Short $2 26%
Oct 28 HSNI Short $6.80 7%
Oct 28 HSNI Short $5.75 4%

November: 9 alerts, 15% avg gain

October: 11 alerts, 14% avg gain