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Sykes’ Saturday Seven: March 15th, 2008 Edition

Posted by timothysykes on Sat 15th of Mar, 2008 03:22:22 PM
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UPDATE: Company’s stock drops to $2, even bigger scars for those involved. Difficult, but scars are good.

You know how I always say a CEO will smile and tell you everything’s fine, even the day before they go bankrupt? Well, this week Bear Sterns liar / scum CEO proved my point on CNBC rather nicely, just 2 days before his ponzi scheme company needed a big ass bailout with their kindle stock dropping 47%.

liar

Learn this frontward and backward:

 NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu
NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu
NEVER TRUST ANYTHING A CEO SAYS
sʎɐs oǝɔ ɐ ƃuıɥʇʎuɐ ʇsnɹʇ ɹǝʌǝu

UPDATE: BSC buyout rumor: another 50% drop to $15 or bankruptcy (LOL)

Never pay for movies/DVDs again, check out all the cool FREE streaming movies available HERE. How is this not illegal?

Besides TheLion.com, another cool site filled with threads about microcrappers… awwwww yeahhhhh

The other day, I mentioned these trading education frauds, but I’m reposting the link HERE because you really MUST understand how much BS there is out there. Sooooooooo many people market the hell out of whatever it is they’re selling. Sometimes it’s hard not to believe them (my CYGT “investment”, cough, cough), but unless you’re given audits (by a reputable firm) that back everything up, don’t believe a word they say. Not in this business. Not in any business.

PS All my trades since 1999 are audited, I stand by my superior track record. Haters you got nothinnnnnnnnnn’

My buddy Chris Lahiji is holding his 1st annual microcrapper conference. I was supposed to speak there, but I opted instead to speak at some colleges, aka paying gigs. Tickets are limited, but if you’re not a poor college kid and you wanna go, hit me up and I’ll get you in free.

Don’t cry for Spitzer, the truth is he’s ridiculously loaded. He earns more in interest than his call girl is about to make thanks to his interest in her

8 things you def. didn’t know about Chinese food

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  • tim,

    Do you think the FED will lower rates a whole point next week and send the market in rally mode?

    Dave
    http://tradingsplits.blogspot.com
  • Michael
    actually there are many more weird things about Chinese food.
    1. Monkey's brain. yup, in various parts Canton China, restaurants use saw to open up a LIVING monkey's skull and pour hot boiling soup on the brain, cooking the brain and killing the monkey instantaneously . ( the whole process is done infront of the customer to arouse appetite -_-' ) then you scoop up the brain and soup and eat it i's tofu.

    2. Bear's Paw. This is actually edible for me. i don't know what the process is but you can search it on yahoo.

    want more?
  • Tony Ellis
    I've read and heard many times lately how what happened to TMA, Carlyle, BSC, etc... Isn't based on investment reality but on a lack of confidence in them. Don't Ponzi Schemes work well also as long as investors have confidence in them? Could our whole financial system be one giant kick ass ponzi scheme? God Bless Capitalism!
  • timsykes
    Who cares about the Fed, I'm not an investors, I'm a PennyStocker. Good or bad economy/stock market, I play microcrap hype plays whenever they come about. Let the financial system burn itself down for all I care, I hope there's no more plays EVER--then I could finally take some time off. Doubt that'll happen though so I'll just keep stalking....
  • JJ
    i know you're not a huge fan of it but you're making my point for me about people needing to read Arthur Levitt's book, "Take on the Street". it's POS CEO's like this that hurt the average investor. there's no honesty left in business. i hate to say it but the accounting firms are part of the problem. they are paid for non-auditing work that far exceeds the millions they are already being paid for their "independent" audits. a slight confict of interest wouldn't you say? they're not about to say the work they did for a company wasn't accurate. certainly wouldn't want to lose out on all the millions they'll be paid next year should they give a negative report. they're all corrupt and as you say CAN'T be trusted!
  • timsykes
    no need to read a whole book about not trust CEOs, just don't do it. focus on learnings about stuff u can actually trust/profit from--chart pattttttttterrrrrrnnnnnsssssss
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Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

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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).

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As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ 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.

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)