TigerLogic (TIGR): The Piece Of Crap Formerly Known As Raining Data (RDTA)
Over the weekend, microcrap speculators everywhere have been debating (RDTA). While I wrote about the briefly HERE (Friday morning pre-market…before its 40% surge…thank you, thank you), I was right not to touch it in the morning cuz it was just too illiquid, but ‘twas wrong of me to be neck deep in fundamentally flawed / factually inaccurate but sub-par-chart-play EDEN, failing to see RDTA get pretty damn liquid mid-day after they released this fluffy PR about some crappy revolutionary new web search “add-on” and announcing a name/ticker change to blah bah blah.
Unlike ignorant financial journalists, I’m not even gonna dignify these laughable pieces of s#@! news pieces by detailing their BS contents). Those of you who’ve read my book An American Hedge Fund know these crappy companies loveeee trying to hype themselves with meaningless name changes—no different than adding a “dot com” to the end of their name back in 1999-2000…except now they’re just trying to get prospective suckers investors to forget their stock is 70% off its 2000 highs aka they’ve still got some bitter shareholders.
All cynicism aside, their new product does look useless cool—just the kind of thing to get suckers investors excited, Mamma.com-style, which went from $4 to $17 in a few weeks back in 2004…oh wait they changed their name too—now they’re Copernic (CNIC), trading at 1/17th of their former highs (yup, I’ve got thousands of momo stock corpses to back up my PennyStocking theories, in case you ever wanted any evidence of the damaging long-term effects of microcrap pumping)
And lest we forget, no matter this 40% one day pump & dump surge, it’s a perfect chart breakout, so hopefully it can run a bit more before becoming—inevitably—a great short. Add in the fact, they’ve got a new ticker on Monday—damn, I guess I do have to include that—TIGR (which just makes shorting a bit trickier since it might take 1-2 days to show up on some brokers available list) and we might just have a multi-day runner yet.
TIM Lesson: Respect the pump/hype, but never believe it
Disclosure: No position yet, stay tuned, crap company/crap product runners like this make for the most interesting high percentage short selling 
opportunities around…
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1GS
April 20th, 2008 at 10:07 am
Now we are just waiting for the volume to ebb…..great book you have, read it in one sitting.
2randy
April 20th, 2008 at 11:44 am
hilarious. I’m going to see how long it takes me to build up a brokerage account that is bigger than my roth and 401K. Too much diversification in those funds, let the winners run and cut losses quick.
3Jibri
April 20th, 2008 at 12:39 pm
Hey guys what the hell happen with Google Friday?
4timsykes
April 20th, 2008 at 12:41 pm
who cares about google, played and speculated by everyone and their other, u can never have any edge there
5Dan
April 20th, 2008 at 1:16 pm
Tim, what are your thoughts on sorc. They had great earnings and I think we can see it take off this week maybe 3 by weeks end. Thanks Tim cant wait for the new sight
6Dan
April 20th, 2008 at 1:17 pm
site
7timsykes
April 20th, 2008 at 1:18 pm
sorc is one of the worst charts i’ve ever seen, perfect perfect downtrending, look to short on any spike
8Dan
April 20th, 2008 at 1:36 pm
Did you see the quarter they had and there great outlook this stock is moving up!!!!!! Come on Tim how can you not see it.
9timsykes
April 20th, 2008 at 1:43 pm
who gives af$#@ what they said, have u not learned by now to trust the charts over BSing companies? and the stock is nowhere close to moving up…it gotta break strong strong resistance at $2 to have any kind of a chance, odds are probly 1 in 100, maybe 2 in 100, its a total joke
10Dan
April 20th, 2008 at 2:11 pm
Tim, they are not bsing company they have the numbers to prove it. I have to teach you a few things.
11Zykosis(TIMBUCKS: $9)
April 20th, 2008 at 2:12 pm
chart doesnt reflect that, that’s all that matters
12timsykes
April 20th, 2008 at 2:13 pm
Dan, u have nothing to teach me, i’ve seen enough crap over the past decade to know that the only numbers i care about are stock price and trading volume
13Ægir Hallgrímsson
April 20th, 2008 at 2:21 pm
I agree with Tim about SORC, I dont like it either.
14A
April 20th, 2008 at 3:32 pm
Dan, take a look at the weekly chart of SORC. Not so bullish is it?!
This time last year SORC was trading around 12. Now it is trading at 1.50. No doubt there are tons of bitter shareholders waiting to dump their load on naiive buyers like you if this dog decides to run up.
15A
April 20th, 2008 at 3:33 pm
Sorry, this time last year SORC was trading around 7. You get my point tho.
16Brian D
April 20th, 2008 at 5:56 pm
Fundamentals are for vaginas
17What Bubba Would Like To Know
April 20th, 2008 at 11:09 pm
Who knows what a Whammer-Jammer algorithm is?
18MT
April 21st, 2008 at 12:08 am
What about buying RDTA on the breakout past $6 and change? You prob missed the chance Tim?
19timsykes
April 21st, 2008 at 12:11 am
i posted about RDTA before the 40% surge, missed the mid-day runup cuz of EDEN…see this post:
http://timothysykes.com/2008/0.....-analysis/
c’mon guys do a little research before posting, just a little!
20monkiman(TIMBUCKS: $33)
April 21st, 2008 at 4:55 am
sorc lookings boring, RDTA looks nice.. too bad Im stuck with TITN, shorted @ 23.84.
21Piotr
April 21st, 2008 at 10:05 pm
Tim, what do you think about ABAT. Does it look like long lasting pump and dump? Company is rated one of the top in electrical industry.
22john
April 22nd, 2008 at 11:57 am
Mantra Venture Group (OTCBB: MVTG – FSE: EDV 5MV) is aggressively seeking out new technologies and innovating solutions for a cleaner environment and intends to provide a highly profitable and socially responsible investment to its shareholders.
23timsykes
April 22nd, 2008 at 11:57 am
john, i wouldnt invest in your spam stock even if u doused me in gasoline and threatened me with a match, scumbag
24Piotr
April 22nd, 2008 at 12:29 pm
Tim. I have to thank you. I found out about your website only yesterday and already know more about stock market.
I also see OBVIOUS manipulation with regular stocks (CNBS, “experts” and etc). But it’s even more obvious with penny stocks. I traded several stocks and always on hype news. Always lost; now i know why. These stocks are alti and abat. Alti is a pure speculation. Abat has good balance sheet, but I think it only makes speculation easier.
Next step is to read your book.
I would like to point out new strategy for manipulation hedge funds developed recently (my opinion). Etf funds pairs like FXP/FXI. “Good news” strategy to hype the stock and then dump it.