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Posted 1 month, 24 days ago. http://timothysykes.com/2008/03/22/sykes-saturday-seven-march-22nd-2008-edition/

Sykes’ Saturday Seven: March 22nd, 2008 Edition

Tags: ANALysts, Analogies, Link Love, Podcasts

Techcrunch might be right about Inspectd.com being fun and addicting, but it sets a very very very very very very very bad example. The problem lay in the fact that pattern recognition is only part of the game, you also have to understand the variables that align to CREATE those patterns. Comparing a 100% one-week stock price jump based on a positive earnings report—meaningful, further strength likely—is very very very very very very very different from the same kind of jump based on two ANALyst upgrades and a newsletter mention—hype, reversal probable. Exemplified by the pic below:

compare

Check out THIS sweet 20 minute podcast talking to some other traders

Also check out THIS interview I did, chastising those pathetic people who can’t pay their debts

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Have you seen the new JPMorgan/Bear logo? IT ROCKS! (gratzie Lindzon)

Trainee Trader not only won my FREE PennyStocking DVD package giveaway, but he’s also ranked lots of finance blogs based on their readability

WHY Tracey Coenen, whose book about uncovering frauds I’m currently reading, is in love with me…awwwwwww

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8 Responses

  1. 1timsykes

    March 22nd, 2008 at 4:31 pm

    Also wanted to link this article from thestreet.com on NEON’s cool little touch screen phone:

    http://www.thestreet.com/_yaho.....;cm_ite=NA

    the stock has been crap for a very long time and i won’t buy it until i see some volume, but its on my watchlist for a possible ZVUE-type pump

  2. 2Zykosis

    March 22nd, 2008 at 5:24 pm

    are you saving some good intraday charts to really detail some trades for your next book? that would be awesome!

  3. 3JJ

    March 22nd, 2008 at 9:42 pm

    nice interview & great advice for people in debt! I couldn’t agree more!

  4. 4Oliver

    March 23rd, 2008 at 1:43 am

    Hey TIm, I saw you had MALL on you “Stock Watching List”. What so you think of VVTV? They have pretty much the same chart pattern.

  5. 5dome

    March 23rd, 2008 at 7:21 pm

    hi tim

    whta do you think about the financial system in us troubles are over?

  6. 6Tyler Hall

    March 23rd, 2008 at 8:20 pm

    BUY SKIP SELL is now burned into my retina’s

  7. 7Ugly

    March 23rd, 2008 at 10:06 pm

    Yeah, there are a lot of other factors that come into play with trading - but I don’t think it sets a bad example. I think it is a good tool for recognizing trends in charts.

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