This Is How A Fraud Trades

Anybody who takes a look at the sketchy sketchy sketchy business model/PRs of  (YTBLA.PK) and the characters who run this ponzi scheme company will surely agree
they’re a outright fraud. (right Tracy?)

But as a rational short seller, you can’t hold your short forever due to the risk of manipulation spiking. Ney, you gotta stay on the sidelines and then take advantage of that manipulation spiking!

Only problem was I couldn’t find any shares to short this morning…pity. Anybody out there fortunate enough to get a borrow on some shares?

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Why SmallCap Stocks Rock: Logarithmic vs. Linear Charts

Commenting on this post, I asked The Chairman why pros seem to prefer logarithmic—or log—charts over linear charts since they distort my precious chart patterns. His answer: it’s the linear charts that distort.

While he’s absolutely right that log charts like this:

are more accurate than the linear version:  

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14 Hot Stocks: How Their Charts Look And How I’ll Play ‘Em

No positions right now, here’s a list of a whole bunch of potential PennyStocking plays (in order of how likely it is I’ll play ‘em)

SYNM—really likin’ how much this is up so quickly, of course earnings are part of it, ideally it breaks out of its multi-month cup and handle, resistance around $1.50, but with a strong pattern like this, it could squeeze more, c’mon you pumpers, get this thing to $2 and I’ll love ya!

WSCI—on watch for multi-month and multi-day cup and handle breakouts, breaks $12.15ish and you’ve got a new high over multiple timeframes, I liiiiike, just gotta be careful of fakeout breakouts

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CNBC Has No Young Viewers, My Readers Are All Young, Hmmmmm

Catching up on some somewhat-useless headlines…while CNBC’s ratings were up 20% as whole, their numbers for everybody not getting social security were down 20%. Where did those viewers go…obviously not to Fox Biz–not with their 10k daily viewers…sorry guys…and probably not to BloombergTV–that channel works better than Nyquil aka should never be watched while operating heavy machinery.

My guess: those “young people” stopped caring about finance because IT BORES THEM!

Insiders don’t realize it–they need to star on a reality TV show–outsiders understand nothing! It’s okay in bull markets because at least viewers are making money, but when bear markets hit, then they’re just confused AND poor…not a good combo at all.  

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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:

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TIM Rips On Timothy, Two Verrrrrry Different Brands

Just got one too many emails from weird weird weird people who mistakenly believe TIM is associated with The Timothy Plan. Let me set the record straight: hell no! Those guys give Timothy’s everywhere a bad name. Take one look at their mission statement and see that they’re total whack jobs:

The Timothy Plan® is a family of mutual funds offering individuals, like yourself, a biblical choice when it comes to investing. If you are concerned with the moral issues (abortion, pornography, anti-family entertainment, non-married lifestyles, alcohol, tobacco and gambling) that are destroying children and families you have come to the right place.

Their marketing materials probly should include pictures like this:

Unsurprisingly, Morningstar rates all their 14 funds one and two stars because they get graded on performance, not morality. And yet for all their inferiority, cult company assets are pretty decent—no doubt religion is a mighty find marketing device. (damn, if I only knew when I was trying to grow my hedge fund!)  

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I’m Hungover And I Don’t Care Who Knows It!

I’ve got nothing much to say right now and thanks to last night’s crazy Gawker-hosted party, I’ve got a pounding headache and I’m trying to watch the only 3 volatile low priced stocks at the moment—COIN, USU, YTBLA—but none are ideal…yet.

Also got a ton of chores to do. Uhhhhh. Screw it—I’m no use to anyone like this, I’m gonna go take a nap.

That’s the advantage of being a rich /self-employed and self-centered trader. I’ll be back with something witty/educational later today

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The Joke That Is Financial Commentary: Some Frauds, Morons, Comedians and Marketers You Should Beware Of

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)
 

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Coulda Woulda Shoulda: When Life Makes You Miss Multi-Day Breakouts & Some Other Stocks To Watch

Fess Up Time: Don’t ya hate when you put a stock on your watchlist, tell yourself you’ll trade it if it acts a certain way, but when that special price action occurs, for some reason, you’re not watching it? I’m sure there are those out there who don’t make such bush league mistakes, but I’m not one of them.

Thanks to the popularity of my latest AOL article—about how Amazon has tried blackmailing small publishers like me–I’ve been talking to a couple of reporters—surprise—and much of that talk happens during the trading day, causing me to miss more than a few potential trades. Oh yeah and incessant blogging doesn’t help.

Now, I hate buying breakouts—they move too slowly, happen to stocks that are too expensive or retrace/fakeout too often, so out of all the stocks below I really only regret missing out on NCEN, because that my friends is the f&^$en Mona Lisa of technical breakouts

NCEN–probly going to $3+, easy easy easy easy easy easy easy easy easy 30-50 cents/share, or 10-20%, buy on the intraday break of $2.50, predictable predictable predictable predictable predictable gain. An infinitely better trader than me, Fous, nailed it again. (I’m not only an affiliate, I’m even considering signing up for his stock picking service!) As did some of my DVD students…those who can’t do, teach!

SOLF—nice multi-day breakout, but where to now? Solid resistance in the high $15s

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