The Joke That Is Financial Commentary: Some Frauds, Morons, Comedians and Marketers You Should Beware Of
Posted by timothysykes on Thu 3rd of Apr, 2008 12:32:00 PM
Tags:
Sponsor Offer:
As bad as corporate management, brokers, and value investors are, financial commentators and journalists are some of the scariest monsters out there. Similarly, they pretend to ALWAYS know what they’re talking about, while NEVER disclosing their audited track records or personal trades and investments…because the truth hurts–they suck. More often than not, they will lose you money if you listen to their advice. This picture is an accurate rendering of those who dishonor this industry:
This game is BS, we should want more–we deserve more–and my newfound goal in life is to right this wrong. Over the next few months, I’ll be adding many names to this list:
1. What kind of sick and twisted SOB buys the Adword phrase “Timothy Sykes” when they are no way shape or form affiliated with me WHATSOEVER. Scumbag and probable fraud Ross Jardine, that’s who. The schmuck links my name to a shady shady shady sales page—don’t buy into that BS. How is that even legal? Damn that really pisses me off!
No idea if his stuff works, but based on his manipulative advertising practices, the 1-page sales sheet featuring a stock he claims to have called that trades less than 500 shares/day (yes, five hundred shares), common sense and industry workings, I’m gonna bet he’s a fraud. He should probly be in prison. (Feel free to prove me wrong RJ, just setup a blog and let’s see your results day in, day out, c’mon, what are you chicken, balk balk balk, yeah that’s what I thought you scumbag)
2. TheStreet.com has loved GRMN for a while now—with their latest champion of the stock being industry-leading upstart comedian Lenny Dykstra. Too bad the price action is and has been disgusting for months, with no signs of rebound whatsoever. Oh yeah and the stock just broke down to a new multi-month low, less than an hour after Dykstra’s comedy report this morning after warning on earnings
TIM Lesson: Never listen to the absolute joke that is the financial commentary community. It’s not funny, it’ll cost you money.
Fess Up Time: I used to write for TheStreet.com until I made a horrible call on VDSI right before earnings. To this day, I am still ashamed, but I played the research game and lost.
TIM Lesson: Don’t stray from your core competency–mine being Penny Stocks
3. Another comedic website is Minyanville.com. They publish stuff that will really make you dumber. See the latest example HERE. That link is one of the biggest pieces of financial crap ever to be written. Seriously. It’s actually pretty amazing. We’re in a recession, businesspeople are bracing for bad times. The stock market should go down. Wow. Tell me something I didn’t know. P A T H E T I C
4. Stupid people making stupid calls based on incredibly simplistic and variables that have probly already been priced in since they’ve been expected for quite some time. Take this article–who cares if the Olympics are coming to China—you don’t buy random-ass Chinese stocks just cuz you’re capable of Caveman-like thinking “Olympics bring people, people bring $, people spend $, company get $, stock go higher.” What makes you think stocks like HMIN are going anywhere but lower—look at its damn chart! If it’s meant to make a big-time up move, it’ll move gradually first, right now resistance everywhere. I’m sorry but this guy, Tony Sagami is a moron. You heard me Tony, I don’t care about your crappy articles that you use only to really promote your $200 stock picking service. How about start a blog and prove yourself day in and out, then maybe I’d respect you. Somehow I think you’ve made too much $ luring in naïve investors with your page-long sales sheets—saying you can pick the next Microsoft or McDonalds. For shame!
Fess Up Time: When I was new to the writing world, I wrote similarly stupid articles, the money was good, but within a few months I found out I sucked at it—not that it mattered—but more importantly, I wasn’t doing anybody any good.
I don’t understand how any of these guys sleep at night. I might be overly cynical, but with all these frauds, jokers and marketers around me, how am I supposed to make any friends in this pathetic excuse for a profession? Good thing I don’t give a F%^# about anything other than showing how my strategy is ideal for smaller investors and traders since it’s based on ignoring—and sometimes even using—all the industry BS to my advantage.
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
Related Reading
62 Responses
Other Websites Referencing This Post
Leave a Reply
TIM Alerts
View All| 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
knew = new?
<3
Not to go off topic but short bpax at 4.35?
no shares!
VVTV is a short here!! It will go below $5. I am shorting it now.
YTBLA
Dude, relax. It’s probably some crappy clickbooth offer that someone’s pushing. If it irks you that much, trademark your name and then go complain to google, yahoo search marketing, msn, and clickbooth.
***Three days earlier, on theStreet.com, Jim Cramer listed Bear Stearns common stock as a “buy” at $62. On his CNBC program that day, he showed his viewers a chart of Bear Stearns stock price and hollered, “Bear Stearns is fine! Do not take your money out of Bear.” Over that weekend — days when the markets were closed and there was no material news about the company — Bear Stearns was believed to be worth $2 a share, so long as the Federal Reserve assumed the downside risk of almost $30 billion of its mortgage securities…
TheStreet.com quickly removed Cramer’s March 11 “buy” recommendation from its page devoted to Bear Stearns. (The Cramer-obsessed Don Harrold’s YouTube account of all this is priceless.) And Cramer went back on CNBC to explain that he never intended for anyone to go and actually BUY shares in Bear Stearns — only that, if they happen to bank with Bear Stearns, they shouldn’t worry about losing their money (a public service to all those “Mad Money” viewers who use Bear Stearns as a bank.)***
http://www.bloomberg.com/apps/.....E8yLAyALNQ
BTW, There are a lot of good financial commentators out there too. David Baines, Herb Greenberg, Carol Remond, Gary Weiss, Sam Antar, David Milstead, the gals at ProxyLand and Footnoted.org, breakingviews.com, Dealbook.
there are a handful of good commentators but thats like trying to find a penny stock thats real!
dont short BPAX until it takes out the rally low, $4…everything else and odds favor a short squeeze higher
Are you shorting COT today?
But Tim people are getting rich off Ross Jardimes Stock Investing Tool Kit. They paid 199 and now make 50,000 every day. You can too.
Lol this mother fucking guy has these ads going all day on CNBC. There so damn annoying. Problem is there are so many stupid fucking idiots that buy there morons shitty scams and he makes money off them. Thats crazy he bought your adwords those. You should get a lawyer.
Tim,
Did you see that Dykstra skit on HBO Real-Time sports? It’s hillarious!
Amen, I’m glad you’re exposing these frauds as they really are. Anyone who is not willing to post their gains/losses day in and out is full of it.
But you know what? The people that fall for these scams deserve what they get, for not educating themselves and put in the long hours and hard work that is needed to be successful.
The Jardine link links to the infamous “Merl Stock-Picking Robot/Software” scam. A whole crap-load of scammers implementing all the adword real estate they can get.
James -that’s true, but most people that have a “regular” job and don’t trade for a living don’t have tons of time to research stocks, their time is pretty limited. It’s really a shame that analysts & people on Wall Street that give out recommendations are liars & cheats & out to screw the little guy. I’d say the average investor has no idea that is how the game is played.
damn missed another easy technical breakout OESX at $10.20-ish
Jonny, I seen the interview!…It is fu&%in hillarious!!!…How can anyone take that man serious, his brain is fried.
OESX got help by Hilary Kramer when when pounded the table on NBR last night. Again.
FYI, the adword thingy has been tested in court. Buying a competitor’s name on adwords is legal as long as you don’t use their trademarked name in the actual ad.
If Tim loses a whole bunch of money in his trading I will go out and buy some adwords linked to his name and the ad will simply say “Tim Sykes got Owned.” With the following link: http://timothysykes.justgotowned.com/
I hope you’d do the same for me, Tim.
YTBLA is OTC BB stock and Ameritrade does not allow to sell it short. Anyone find anywhere else to short it?
MELA has forming the shooting star with the resistance. Do you think its a good short for tomorrow?!
solf is ripe for the plucking!
tomorrow that is
after a spike
YTBLA…NOTHING ON E*TRADE
YTBLV, I placed for long in Scottrade at 2;90 but its spiking up now.
ya dont short ytbla isnt strength, wait for weakness, its a proven spiker, be scared how far it can go…almost tempted to buy it…nahhhhhhhhhh
mela isnt up enough for me to care
Hasn’t it been decided in court many times that celebrities own their name on the Internet. You could get the adword assigned to you if you pursued it, plus any money he made would be yours. Most wouldn’t bother with the cost of the lawsuit, but it would make great blog posts here :)
OESX was too hard to see the breakout … no one can watch all 6000 stocks all the time …
vijai, what are the green colored = and red colored = mean under Scottrades Last Ticks?…In the streaming quotes.
Jason, are you talking about buy and sells in the intraday chart ? I am not clear hat you are asking..
An article on Marketwatch.com (see link below) states, “Arthur Weiss turns to four flat-panel computer monitors in his spacious San Francisco office. The screen on the far left shows a watch-list of troubled companies. He points to each name, running briskly down the page. “This one is bankrupt. So are these four,” he says. “This one is filing for bankruptcy soon. This one may avoid it, this one probably won’t.”
How can you find out what are companies that are going to file for bankruptcy? Anyone who shorted BSC must have got richer. Can we be rich like that?
link: http://www.marketwatch.com/new.....F61C064%7D
vijai, yes the buy and sells of a stock in the streaming quotes…The + are buys and the - are sells…What does the red and green = (equals) symbolize?…Hope I am making sense.
Jason, Are you talking chart patterns? Candle stick I suppose. I don’t see + and -. But green means buyers are in control and red means seller where in control according to the type of day range you are looking..
NSTR is looking ready to breakout.Good action the last few days
Is CSUN a good short here?
also, AKNS has strong resistance in high 8s
Tim, Im diggin the dont give a F*** vibe you’ve been puttin out. I worked the ol account up to 25K and will now be day trading. I was wondering something. When your account reaches 25K, which is will soon, is this site going to be more focused on day trading stock picks? Thanks, peace.
Yo Mike, just my opinion since Ive followed/traded solar frequently, but I would wait for either CSUN or AKNS to show weakness and close down before shorting. You might miss out a little on that initial drop day, but when solars drop, the’ll maintain that trend for a bit.
tim could we have like a countdown or at least marking the 25k with a celebration or something.
whats so big deal with 25k? explain and also mark it with something special
ON that HBO show James Cramer said Lenny Dykstra is “one of the great ones” on Wall Street. He said there are only 4 people in the world that can mention a stock to him and he’ll drive into it. And Lenny Dykstra is one of those 4 people.
25k he can day trade without restriction, I’d like to see a dvd discount at 25k or maybe some cupcakes
This kind of information is valuable - similar to what you will find at www.dollarcamp.com
Tim,
That Minyanville article was meant as a joke. Guess you missed the humor in it.
I enjoy your site but you couldn’t carry Todd Harrison’s jockstrap as a trader, writer or human being.
I get dozens of excellent trade ideas from Minyanville daily and my daughter is part of Minyanville kids learning financial independence at a young age.
Irony is your site and Minyanville have identical goals…
Tim! Yeah I told you about that Stock Trading Robot scam thing a while ago… thought it would be a good example of some of the BS out there. You can always tell a scam when they have a poorly made site you scroll down on with the offer at the bottom, just in case it isn’t obvious to everyone.
Tim should give away 20 DVD free on his 25K celebration!
LOL BTB, i met todd, he’s a great guy and i love his writings, but i’m gonna blow him away in teaching others…as for a better human being, WTF kind of comment is that?
i’m def gonna have some kind of 25k celebration
USU spiking watching for this short…
Somebody mentioned to short VVTV yesterday, it paid off. Shorted at $5.55 yesterday, covered 1/3 of my position at $5.25, still dropping :-)
can’t stop the agris, COIN chart becoming increasingly bullish, even if it sux