Why Traders Should Ignore Corporate Mergers And The Financial Media Circus
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Thanks to this high profile acquisition news of Blockbuster and Circuit City, the financial media circus is working overtime today. CNBC, Fox Biz, Reuters, WSJ, WWE, Marketwatch, AP, Minyanville, TheStreet.com, Portfolio, Bizjournals, Techticker, Motley Fool, SmartMoney.com, Barrons, Businessweek, RealMoney, Forbes, FT, CNNMoney, Briefing.com and of course the Richmond Times-Dispatch have each written articles about it. No joke, seriously, check out the Yahoo! Finance news list—it’s reminiscent of my media logo collage.
Within hours, we now have quotes from higher and lower-ups from both companies, competitors of both companies, industry observers, industry non-observers, economists, ANALysts
, marketers, talking heads, journalists—everybody’s giving their useless opinion as to what this news means for consumers, competitors, investors, traders, the industry, other industries, society and the universe. Not to even mention all message board and blog buzz from those too unskilled to even gain entrance to the media circus (true gutter trash / waste of webspace)
Here’s my take: Bleh! All the coverage ruins it for me—once a merger/acquisition gets announced, both stocks are dead to me because a.) stock price volatility
will be greatly reduced and become news/news-speculation not chart-pattern-based b.) people much smarter, richer and better informed than me are all over it and c.) so many people have so many different angles and expectations, it’s a truly efficient market hence unpredictable.
So please, do me a favor and spare any mention of any takeover/merger news FOREVER. On this site, we deal in opportunities where it’s possible to have an edge, to know more than others, focusing on getting the odds on our side. We don’t play classic Wall Street guessing games propagated by those attention seekers looking to drum up media hits despite being blatantly average, reinforced by their mundane journalist lives and meager paychecks.
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UPDATES
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
May 15, 2008No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!
I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
May 15, 2008Lots and lots of new sketchy stocks to watch
Stock Watchlist
| XRM | $4.54 | |
| SSBX | $3.25 | |
| APWR | $22.15 | |
| VRML | $2.54 | |
| NTHH.OB | $0.21 | |
| DPDW.OB | $1.04 | |
| CROX | $10.97 | |
| SUNV.OB | $1.45 | |
| AYSI.OB | $2.10 | |
| FORC.OB | $2.29 | |
| CNEX.PK | $4.10 |


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1bryan
April 14th, 2008 at 3:22 pm
AMEN
2lmsmith
April 14th, 2008 at 3:44 pm
I smile at this one- - - I bought in On CC, on friday only because of the speculation/thelion— Sold in pre-market… A Nice 50% gain… who ever buying this pos now- will be bagholders…left with a pile of shyt…
3Jay Zalowitz
April 14th, 2008 at 6:38 pm
I have been following CC for a few months and i predicted this to a editor of thestreet.com just last thursday (and have been recorded by cnbc prediciting a buyout since december)
Since Tim dosent want emails on the subject you may email me at:
thefreshprinceofinvesting@gmail.com
Have fun. Trade and run. Dont buy Cinnabon.
4Jay Zalowitz
April 14th, 2008 at 6:42 pm
OOps i take that back the colloquium i was filmed in was on January 30th.. wow this year has gone by fast..
5JCastellon
April 14th, 2008 at 7:46 pm
whats your opinion on GNBT
6timsykes
April 14th, 2008 at 8:17 pm
#6 LOL, if u can’t take constructive criticism, your trade probly sux in the first place, i’m selective in my trades, i don’t play low percentage trades, deal with it
7timsykes
April 14th, 2008 at 8:18 pm
and PS everyone is welcome, i love sharing ideas, i just don’t like most of them…remember 95% of trader lose money
8THE BARBER
April 14th, 2008 at 11:23 pm
I HAVE TO ADMIT THIS TIS TRUE… BUT SOMETIMES U CANT RESIST A GOOD GAMBLE… WHAT DO U THINK TIM AND COMPANY..
9urchinmark llc
April 15th, 2008 at 12:31 pm
eh think u rule my friend your the best thanks for all the good stocks
10Chris(TIMBUCKS: $8)
April 17th, 2008 at 10:34 am
Shorted CC at 5.01 and bought BBI at 2.75 made money on both these SUCKAS!
11traknologist(TIMBUCKS: $35)
May 14th, 2008 at 9:06 am
I agree.