Sykes’ Saturday Seven: April 5th, 2008 Edition
Gotta love how the press frames news—in this case the Clintons making $100mil+…over 8 years…c’mon it’s not so much, they’ve done a better job than many corporate CEOs who are much richer!
Speaking of failed CEOs, I ripped on former OSTK-CEO-now-turned-madman-to-the-delight-of-many Patrick Byrne in this post, but now he’s out to prove everyone wrong in submitting THIS essay about Jim Cramer. Forget Cramer, is Byrne sane or insane? You be the judge…my vote hasn’t changed.
Say hello to my sponsors, GFT Forex and HotOTC.com… trade currencies or penny stocks, your choice, gotta love the freedom…goddamn I love this country!
Funny site that claims to cure boredom
This video cures boredom visually:
No April Fool’s joke, 3rd graders accused of plotting to murder their teacher….siiiiick
Speaking of murder, gotta love how some rich and powerful hedge fund managers get offered free murders, all they gotta do it authorize them
This cool new site is getting some seriously good reviews. Maybe that’s cuz the site rocks for news…and soon for blogs too!
Get Tim's pre-market watchlists, real-time trade alerts & access to subscribers-only website all for just $1/day -- sign up for TIMalerts today!
Alternatively, get all blog posts emailed directly to your inbox by signing up below:
LoadingRelated Reading
9 Responses
Add a Comment!
If you want to receive TIMBUCKS, you'll first have to Login before posting a comment. Click here to learn more on the new TIMBUCKS rewards program.
Top TIMbucks
Our top TimBucks earners to date are:
- Yngvai (454)
- JMoates77 (258)
- ViciousChicken (203)
- Davey (194)
- Fantom (185)
- brent (170)
- trader@MIT (163)
- investorslive (160)
- ivegotstylekid (153)
- Ben_Bien (144)
Navigate
Only $29.95/mo
Earn $$$
$
Participate & Earn
52 Links
Free Stock Quotes
5 Podcasts
136 Books
Tim terms
Up 76%
Clips 24/7!
Updated Daily!
UPDATES
Why longterm investing in penny stocks sux
Why Greenbackers.com doesn't suck
Jul 19, 2008LiveStock was particularly good this week
Jul 18, 2008
TIMtrades
Learn from my successes, learn from my failures, learn from TIM. Click here to learn more.
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $21,900 (
76%)
1Mike
April 5th, 2008 at 12:29 pm
Tim, you missed this link, http://www.inspectd.com Good site to practice looking for super novas aka sykes patterns.
2timsykes
April 5th, 2008 at 12:33 pm
as i posted a few weeks before, inspectd gives chart patterns a bad name…more varibales involved than just the chart, people who mistake that will lose a lot of $
3Mike
April 5th, 2008 at 1:01 pm
Got it, searched the site and found what you wrote about it here: “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.”
That being said, super novas caused by earnings are random but super novas caused by hypes are not random. If you play anything that looks like a syper nova on Inspectd.com you should make money on average, you’re just forced to take on some random plays.
4timsykes
April 5th, 2008 at 1:14 pm
random plays are the enemy, u should never short BSC run up from $4 to $11, but a spam stock, u should. never short something like BOOM when it goes from 3 to 12 (on earnings), crap company like COIN, u should
5Mike
April 5th, 2008 at 2:36 pm
That makes sense. Thanks very much for your reply.
6Mike
April 5th, 2008 at 3:22 pm
solars are becoming supernovas again.
anyone going to short them soon?
7dhan
April 5th, 2008 at 3:51 pm
Timmy, What’s your take on FRPT?
Chart seems to be on up trend.
8Tony Ellis
April 5th, 2008 at 4:12 pm
How’s FRPT in an uptrend? I’ve wasted my whole day on that damn inspectd. It is pretty much useless but it is addictive.
9Mike
April 5th, 2008 at 4:38 pm
Tony, what strategy are you using for inspectd? I’m trying a trend following approach, skiipping plays not in a clear trend and buying/shorting the others. I lean towards buys because market went up a lot during this period.
Too bad inspecd doesn’t let people go head to head.