Revolt Of The Untalented Financial Writers!
Many of you are familiar with Seeking Alpha articles–mostly because SA’s founder David Jackson did a great job getting his content onto Yahoo! Finance–it ain’t due to the quality of work! It’s more because the financial media circus is all about more content.
Breaking news, earnings, scandals…bleh blah blah, all the most active stocks must be covered and dissected by boring-ass stuck-up finance freaks, all of whom put together are less entertaining than a block of wood all while they consistently underperform the major indexes aka people who should have no audience whatsoever and instead focus on learning how to beat the market and not being scum-sucking fee-earning marketers who take advantage of the general public’s lack of market understanding.
So, it’s rather funny to me–and it should be to you too–that many of these wannabes are revolting against SA, angry they’re not getting paid for their efforts.
Boo hoo, cry me a river you losers. You ungrateful/untalented financial writers out there–marketing tactics aside, you know who you are–should feel privileged to have found a media outlet with wide distribution willing to endorse your below average/near-total-guessing-game/no-edge-whatsoever “work”. You think you deserve more, you deserve nothing–you deserve less than nothing. You should bow down to David Jackson and kiss his ring for the opportunity he’s given you. Since you waste readers’ time and web space with your petty attempts at market logic, you should actually be paying SA for the right to be included on their site. (there’s a way to get your profits up Dave!)
Sure, some financial people actually deserve to be heard, so my apologies to people like Rempel and Ritholtz. But to soooo many others–mostly sissy value investors (how’s GE treatin’ ya today you schmucks!)–you wanna get paid, mainstream blogging ain’t for you–at least not this early in the game. If you think you’re actually worth listening to–which you’re probly not–focus on developing a personality, expanding your own blogs, getting advertisers (as I have) and backing up everything you say with actual trades and investments.
And, I encourage EVERYONE to join Covestor, where you’ll be judged on your returns, not on your personalities–so many of you can still succeed at something! As you might know–besides having a big mouth–I’m #1 up there…by a wide margin…so continue being your whining/unoriginal selves while ripping on my “risky” “un-American” “strange” trading strategy all you want, you got nothinnnnnnnn until you step up to the plate and dethrone me!
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1Dave
April 11th, 2008 at 3:07 pm
Tim - does MBRK have upside?
2timsykes
April 11th, 2008 at 3:10 pm
do a site search, answered that yesterday…in a word possibly
3Donald
April 11th, 2008 at 3:24 pm
OK, I am done. I just loaded up my account and bought 3 shares of BRK.B, I am done for the year.
I am gonna ride this one out, this is too volatile for me, just lost over $2,000 on GE call options.
Hopefully Mr Buffet can rescue my results for this year. Down over 30% YTD :-(
4bryan
April 11th, 2008 at 3:35 pm
Brk.b is a great one for good returns……until he dies………
5timsykes
April 11th, 2008 at 3:45 pm
brk isn’t diversified enough for me
6Scott
April 11th, 2008 at 3:55 pm
Tim,
Congrats on your excellent results thus far. However, given the premise that your main goal with TIM is teaching others how to trade, shouldn’t we judge your success by the success or failure of your “students” ? And if that is in fact the case, then your website fails miserably. I see some common names that consistently contribute Comments, but other than that, I do not see any proof that you are successfully teaching others. To date, the Journal section of the Forum lies dormant. Until and unless you can prove your ability to teach, I will sit on the sidelines. BTW, nothing in this post is meant to diminish your capabilities as a trader; up more than 40% since November, especially in this market, is simply impressive.
7timsykes
April 11th, 2008 at 4:01 pm
forum lie dormant, whaaaaaat? can u not see the 1,000+ posts? Give it some time, the new site will be much better organized and u gotta remember, some people see my trades, some have read the book, some have watched the DVD, but this is a very different strategy from what most people are used to so they really need more data to analyze before it all comes to together…took me 5 years or so, but that was without anybody’s help…and most importantly, my ideal trades dont come about every day, forget little RIMM/BIDU intraday breakouts/breakdowns, y plays aren’t that liquid so as of yet, there’s only been a dozen or so examples…makes learning much tougher
8timsykes
April 11th, 2008 at 4:06 pm
whats more the new site will have TIMterms, an investopedia-type glossary, but as told through the eyes of smallcraps and microcraps…by the time i’ve accomplished what i want, this site will be the wikipedia for trading these suckas
9John
April 11th, 2008 at 4:10 pm
Hey Scotty boy,
I am up over 34% in 4 months following Tim’s lessons. Do you want everybody come and kiss your ass to let you know Tim is successful teaching his student? Why on earth do you have to judge Tim or his website, you don’t have to come to Tim’s website, if you don’t want to. Better yet, you don’t have a brain to learn from Tim.
10KS
April 11th, 2008 at 4:12 pm
Scott,
You think everyone that reads this blog posts their buys and sells in the comments section? Your analogy of judging the success of TIM by the “students” is retarded. You haven’t paid any attention to this blog, and I assume you just stumbled across it today. On a daily basis Sykes is showing you his playbook. How to spot the trends he plays, support / res levels, entries / exits, stuff like that. Come on Scott get a clue. Do you think everyone who reads this blog should come back each and every day and say I made this amount because I learned to spot this trend from Tim Sykes YAYYYY. I bet Sykes gets over 1,000 page views a day, maybe on a big day he’ll have 40 comments on a post. What do you think those other 960 people were doing? Ah yes, reading the blog, digesting the info, and making decisions on their own to turn some profits. What are you expecting, you all 960 people to come back and say I did this and I did that today, Tim can you give me a grade today to show my mommy? Come on man, this isn’t effing school.
Up 40% overall. Those are great returns. I ve seen others posts that they’ve made killings on certain plays as well. Scott please think your post thru before you post again. Share your wisdom on how you want it to be judged? 40% overall returns not good enough for you? Others developing their own playbooks based on Sykes’ strategy isn’t good enough for you? Well what do you want?
11timsykes
April 11th, 2008 at 4:18 pm
LOL, thanks for the support guys glad you’re learning and earning… FYI We’re getting 4k daily visitors and 10k page views, up 50% just since last month….lie and die by the trades
12BenBien
April 11th, 2008 at 4:28 pm
BURN! As funny as always Tim; I never use SeekingAlpha anyway since their articles are ex post fact TRASHH. I’m all in on timothysykes.com
13BenBien
April 11th, 2008 at 4:28 pm
ex post facto*
14Andrew Horowitz
April 11th, 2008 at 4:33 pm
Tim:
I suppose I am one of the boring, no talented idiots who writes a blog. It is interesting to note that blogging is now available for anyone. In the old days, vetting was part of the process. No more. Anything can be said/written, to anyone, at anytime, no matter how right or wrong it is. Since it is written though, most think it is right and should be followed as gospel.
So, do us all a favor. In the spirit of teaching your legions of followers, tell them how to find info that is appropriate. Give some guidelines. Provide a tool, not just a spastic response full of anger.
Give them a fish, or teach them to fish….your choice…
Andrew
15Jorge(TIMBUCKS: $1)
April 11th, 2008 at 4:41 pm
Get Covestor to accept options and I’ll rejoin. Been asking for months on what their status with tracking options was. To be honest, I’d rather see them fix their cash / portfolio performance issues first before accepting any new traders. How can you keep an accurate track record when you can’t even record the amount of cash you have on hand?
16timsykes
April 11th, 2008 at 4:44 pm
Andrew: nope u have a gift at podcasting u use it well…as for tools, wait til u see my new site! blogging just cant do all the teaching necessary…as for anger comments, u’ll notice they o0nly come out every so often, the rest is watchlist and detailed trades, aka teaching what i do
jorge–i’ve asked for cash too but u gotta remember they’re heading to get others to autotrade off your trades, cash doesnt matter….besides, i like how their current setup penalizes those with no cash, aka sissy value investors!
17Joseph
April 11th, 2008 at 4:57 pm
Scott, are you serious? You have no idea how much I’ve learned from reading this blog.
18Dan-O
April 11th, 2008 at 5:02 pm
Joseph… What you wrote +1
19Eddie
April 11th, 2008 at 5:42 pm
As a lifelong friend of Tim, I can attest this is the most impressive thing he’s done yet, even more so than the original 12K into $1.65MM. I’m glad to see there is slew of supporters out there who see a scalable model through Tim’s strategy. His plans are ambitious, but I’ve never known someone with as much passion as him. I see very big things for this website.
I’m just trying to reserve a minimum account balance on TOS so I can join the party. This blog has completely reinvigorated my interest.
20timsykes
April 11th, 2008 at 5:51 pm
haha thanks ed, just be careful when u use the word scalable–anybody with dreams of my strategy making them more than a few hundred grand/year best eave those thoughts at the door
21Andrew Horowitz
April 11th, 2008 at 5:54 pm
“Andrew: nope u have a gift at podcasting u use it well…as for tools, wait til u see my new site! blogging just cant do all the teaching necessary…as for anger comments, u’ll notice they o0nly come out every so often, the rest is watchlist and detailed trades, aka teaching what i do”
T:
Thanks for the comments. While I know you like my work, I was really coming to the point that there are many unchecked, unwise and inexperienced peeps that blog. Some do the cut-n-paste thing to death. One of these days they will be nabbed by the original content folks who are sick of having their info stolen.
BUT, there is a place for some of the non-entertainment finance. The good stuff, original work with quality written all over it.
More to the point thought, most don’t disclose, most are just looking for place to vent and most are not original. You gotta admit that most follow the crowd. I cannot tell you how many times, aggregators have held up things I have written, only to have it happen already. You know the VMW story that could have been worth $50 per share on the short I foretold, yet the “nameless” aggregator published too late.
I am also going to be changing much re the article you discuss above. Too much dilution.
But, I think I will write something on hat to look for in a blog, maybe you will provide some ideas for it and we can publish to teach what is good and what is crap.
:-)
Lots-o-crap out there.
A
22Joe
April 11th, 2008 at 7:05 pm
Andrew, I love your podcast but don’t like you rmustache. The podcast is immensely informative.
23Pozwa
April 11th, 2008 at 9:37 pm
timterms sounds very close to tmklingo. Oh well, keep it up tim.
24timsykes
April 11th, 2008 at 9:39 pm
dont u even bring up that plagiarist here…its getting ridiculous…bastards stole a cartoon from the big picture today, no linkback, kid doesnt understand the definition of citing his sources
25timsykes
April 11th, 2008 at 10:12 pm
andrew–and people need to understand how bad most of the finace writers are–they’re journalists, wannabe managers, wannabe investors–very few have any track records whatsoever…all the good ones are actively managing money and have no time to write…u’re an exception
26SA YOU SUCK
April 12th, 2008 at 3:37 am
Oh Timmyyyy! You won me over with the sorta-kinda bash on SA. Honestly, I don’t feel sorry for the suckers/idiots/morons who contribute to SA and receive no money. Who in their right mind would do that - only people who have no concept of their own value. Suckers I say and SA will fail miserably. What a concept, lets build a website around corporate conference calls. Who read that shit anyways besides deepens wearing broke long-term investors who think they’re gaining some kind of edge on the market. If you read this and your writing articles for SA - STOP you fools you suckers and gullible ass dopes.
27Bill aka NO DooDahs!
April 12th, 2008 at 10:58 am
Thnx for the props, Tim, and I love the photoshop with the article!
The weakness of SA’s model has always been the content providers’ reimbursement. They pay their editors, programmers, web server, and transcribing service, but they don’t pay their authors? There are only three types of authors who would knowingly participate in that kind of plan:
(1) those who are monetizing or have the potential to monetize really expensive services, like investment management, and this really does make economic sense; some of these folks will have actual trading (”investing”) ability, but not all of them or even most of them;
(2) those desperately auditioning for a writing job, which probably doesn’t make too much sense, because if they’ll contribute for free, why would anyone HIRE them? I would think any wannabe that’s trying to audition for a trading job at SA is deeply misguided! The presence of known opinions and styles, and a long web presence, is going to be a BIG detriment when shopping for a Street job. Writing’s the only possible job payoff from participation, and the odds are slim to none (Slim having just left town). Most of these types are no-skill wannabes; and
(3) those that want to get famous and don’t mind effectively paying someone to make them famous, again, mostly no-skill wannabes.
The unknowing participants would include those who haven’t given any thought to the economics of the arrangement (which included me when I was there in 2006).
I agree with your assessment that the best way to build a brand and a reputation isn’t with volume, but is instead through backing up your skills by constantly disclosing trades and results, and through developing an independent voice that people have to SELECT to hear, rather than going to an aggregator and getting drowned out in the noise.
28SteviePips
April 13th, 2008 at 12:18 am
First time blogging here or anywhere. i like the stuff i’m reading. It’s out of the main stream. SA is much of the same boring the heck out of me. Anybody hear about the Real Deal Webisotic reality show. This mentor Ton B. teachs these students in a free room. the difference is that the students are picked up on tape during the following week by a new site marketedu.com They replay the real trading results and how these students feel. GOOD or BAD The 24 year old daughter admitted on tape that she withheld the real losses from her husband but showed him the gains in her practice account not knowing the difference and applauding her for the great work she was doing and rewarded her with an additional 5k as postive reinforcement;) it’s all on tape in her video diary. the mother wh is also a trading partner is far better At least real results are posted good or bad (no cherry picking).and replayed in front of the his Free call Room on Wednesdays 500 -700 attendees. i give the 24 year old college drop out daughter Kudos for the persistance with her husbands wallet. There may be another carreer in the calling
Any one hear about this stuff.