Hey, Randall Lane, You Sick Twisted Son Of A Bitch, Remember Me?
Photo Of Randall Lane By Chester Higgins Jr./The New York TimesNote: Aside from the last paragraph this post is written following the journalistic style of Randall Lane—treating assumptions and circumstantial evidence as fact. It’s cruel, amateurish and immature—oh yes, I know—but that basically sums this guy up so in order to help him grow up, he must be given a taste of his own medicine.
To those who don’t care and just want stock picks—this is also a great lesson on how to pounce when your enemy is wounded, no different than the vultures who took out Bear or LTCM.
Last time Randall Lane, editor-in-chief of Traitor Monthly was in Page Six, he was attacking a small-time trader (me) because his magazine staff fumbled, disinviting me from their little party at the last minute after we’d been discussing my covering the event for MSN Money for days.
Clearly in the wrong, this balding bastard was forced to go on the offensive, charging my hedge fund’s losses were the result of my publicity hounding rather than bothering to research the matter like a responsible journalist might do (turning his nose up at the complimentary book I’d sent him weeks before that explained the situation in detail) and running his arrogant mouth off to the press, confident of favorable treatment due to his connected Forbes wife.
Now, just a few months later, the tables have turned as Lane himself was fired as publisher of the Player’s magazine by Lenny “Nails” Dykstra who called Randy boy out on what he’s becoming known for, trash talking when he doesn’t get his way: “If you want to fight, take me on. Don’t go behind my back and bad mouth me,” said Dykstra. “He thinks I’m going to buckle,” said Dykstra, referring to Doubledown President Randall Lane. “I don’t buckle - I go to war.”
This time—in what commentators have hailed as a landmark event for Page Six in terms of accuracy–not even Lane’s old lady could save him from Page Six judging him to be their #1 loser last week.
The fight concerns expensive parties, overspending and missed payments, which is nothing new to stupendously shallow Traitor Monthly—backed by several Traitor haters who came out to express themselves in full force in THIS article. Sorry Traitor, but you didn’t listen to me last October when I warned you about the dangers of your business model:
Now, as you say, my fund’s performance has been ‘laughably horrid’ and I am wiser for it. While unfortunate, these losses have made me an infinitely better person and I am forever changed. Instead of curling up in a shell as you apparently believe would be appropriate, I intend on showcasing my losses, so that others may learn from my mistakes and not be condemned to repeat them. To help people truly learn about all the risks and rewards associated with financial speculation, I will use my self-promotional skills to the fullest, cutting through the superficial and ultimately harmful lifestyle you so proudly promote.
Randall, as much as I used to want to be a part of your trader community, I’ve now experienced how you treat people when they are down—it’s disgusting. No, I’ve outgrown your juvenile ways. Unlike your frivolous magazine, my book celebrates trading not just for its ability to create great wealth, but also for its potential to teach great lessons—lessons you seemingly look down upon.
Apparently, you’ve forgotten that traders, especially those of us under the age of 30, are works in progress. And when you turn your back on a fellow trader, you turn your back on trading itself. And when you turn on trading, you no longer are worthy of running a magazine called ‘Trader Monthly.’ Perhaps you should change the title to a more fitting description, ‘Traitor Monthly.
Sorry to say, I was too emotional then as I somehow forgot to include this gem of a quote, “The ideal reader, according to editor-in-chief Randall Lane, “is 29 years old, making $400,000 a year, and spending all of it.” (Wow)
So Randy, I know times are tough for you right now—no doubt bringing back memories of when your first magazine, P.O.V., went out of business—but unlike you I’m willing to give second chances to those who make mistakes. After all, we’re only human. If you can show some remorse for your actions, I’ll consider taking you on at my publishing company, BullShip Press, LLC—as an unpaid intern of course—and under my guidance, I think we’ll be able to put you on a more righteous path—no promises, there’s a whole lotta work to be done, but if you’re willing to change, I’m willing to help you get better. Contact me anytime.
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| XRM | $4.54 | |
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41Jeff C(TIMBUCKS: $30)
May 7th, 2008 at 1:46 pm
Rambone, put your limit in WAY above any price that can accidentally trigger your trade before you want it too. Then when price action warrants you to ideally enter your order, you CHANGE your original limit price to a figure that will get executed…I think there may be a how-to in existence somewhere, if not, plenty of examples in this blog. Tim just accidentally had a trade get accidentally executed because his limit was wrongfully entered. He discusses in the past few blog entries.
42Mark
May 7th, 2008 at 1:47 pm
Anybody hop on SUNV with me around $1.25? So far so good. $1.15 already.
43Jeff C(TIMBUCKS: $30)
May 7th, 2008 at 1:49 pm
Does that make sense? So you’re making an order request, it shows up in your account as an untriggered order, then CHANGING the existing order’s limit price when you want the trade to actually execute.
44Jeff C(TIMBUCKS: $30)
May 7th, 2008 at 1:52 pm
SUNV could would…still short MESA from 1.11 waiting for a bigger crack…longer term, I know
45will_the_thrill(TIMBUCKS: $36)
May 7th, 2008 at 1:53 pm
OK, is anyone looking at imrx
46YngvaiMalmsteve
May 7th, 2008 at 1:56 pm
IMRX has pretty pathetic volume except for today.
47THE BARBER
May 7th, 2008 at 1:57 pm
yeah ufgemin…. I have a huge short position in this.. It formed a good double top and couldnt hold its breakout..im siting patiently for this thing to drop. It will maybe this afternoon or by fri.. everyone in my office is short feed. i work on a trading desk with like 10 others.
48timothysykes
May 7th, 2008 at 1:58 pm
mind u, i’d put limit orders at $100 so theyd never be executed but buying power prevents that…one of the many obstacles in this niche
49THE BARBER
May 7th, 2008 at 1:59 pm
COME ON FEED!! FEED ME SOME MONEY!!!
50timothysykes
May 7th, 2008 at 2:01 pm
VRML taaaaaank, prettty, i still want under $3
51Rambone
May 7th, 2008 at 2:03 pm
Thanks Jeff and Tim. Great explanation.
52timothysykes
May 7th, 2008 at 2:08 pm
right as VRML is tanking perfectly….shhhhh can’t say what i originally posted
53short shot
May 7th, 2008 at 2:09 pm
VSCI anyone starting to short?
54Davey(TIMBUCKS: $132)
May 7th, 2008 at 2:13 pm
LOL, you’re joking right…shhhhhh can’t talk about it
55be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:19 pm
Tim, give us a good play for tomorrow and I will set you up with my sister…[
img]http://bp1.blogger.com/_dFwaKOYqt-A/SBYSPpRfMiI/AAAAAAAACgs/k4zHljA5mfU/s1600-h/erica.jpg[/img]
56be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:19 pm
57timothysykes
May 7th, 2008 at 2:19 pm
VRML is a good play and this makes 3 days in a row of great ideal shorts
58be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:20 pm
stupid link doesn’t work, suffice it to say she is hot
59be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:21 pm
can’t short VRML, no shares, and anyway it doesn’t fit the DVD patterns, hasn’t even had a negative day
60Goose(TIMBUCKS: $33)
May 7th, 2008 at 2:22 pm
LOL b-ball. Man u a big time sellout.
61Bob the VC
May 7th, 2008 at 2:22 pm
Tim- you have to do it!! I’ve never had a reason to watch that show (or 99% or the other crap out there), but that would be the funniest shit ever!!!
62Bob the VC
May 7th, 2008 at 2:25 pm
Dude, if that’s really your sister, she’s a total f-in smokeshow!
63Dan_O(TIMBUCKS: $50)
May 7th, 2008 at 2:28 pm
Remember that quote from Full Metal Jacket?
“Hell I like you you can come over to my house and f%^k my sister” - Gunnery SGT. Hartmann
64Ben_Bien(TIMBUCKS: $47)
May 7th, 2008 at 2:31 pm
BURN! BUUUURN!! What a burn.
65timothysykes
May 7th, 2008 at 2:32 pm
she’s def hot, VRML does fit a supernova pattern, yes, i’m early but volume’s already faded, wall of sellers there, just all sells at the ask
Bob, wasn’t supposed to mention it yet, so let’s keep on the down low…for now
66will_the_thrill(TIMBUCKS: $36)
May 7th, 2008 at 2:35 pm
anyone think ROIAK or NSTK good for a long?
67bdog9seclx(TIMBUCKS: $19)
May 7th, 2008 at 2:36 pm
Of course after i covered SUNV it dropps after flatting for 2 hours lol welcome to the darkside
68Dan_O(TIMBUCKS: $50)
May 7th, 2008 at 2:36 pm
Uh a 3,300 buy order @ 3.40?
69Bob the VC
May 7th, 2008 at 2:36 pm
Yeah, yeah, I’m not an active blogger or anything, so it won’t spread by my mouth..
Man that would be great..
:)
70be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:38 pm
bob,
google erica penthouse pet of year
if she was my sister I would be in jail…
71Goose(TIMBUCKS: $33)
May 7th, 2008 at 2:40 pm
Tim - you should do it man. It’d be cool
72be-the-ball(TIMBUCKS: $25)
May 7th, 2008 at 2:46 pm
DO what?
73Goose(TIMBUCKS: $33)
May 7th, 2008 at 2:52 pm
QI dropping..Keep an eye out. Dont know if its good play to go in yet.
74timothysykes
May 7th, 2008 at 2:56 pm
awesome gawker just picked this story up:
http://gawker.com/388156/falle.....-talk-feud
75will_the_thrill(TIMBUCKS: $36)
May 7th, 2008 at 2:57 pm
Tim, how about NLS?
76YngvaiMalmsteve
May 7th, 2008 at 3:02 pm
NLS is an earnings move
77YngvaiMalmsteve
May 7th, 2008 at 3:06 pm
Short shot, the problem with VSCI is that the increase has been pretty gradual. VSCI also has earnings coming up so it may just be a run-up into earnings. Probably not a good short opportunity.
78will_the_thrill(TIMBUCKS: $36)
May 7th, 2008 at 3:06 pm
earnings were monday, looks like honeymoon’s over
79bullpicks6
May 7th, 2008 at 3:12 pm
BWEN? will this keep going, anyone know why this move is happening?
80YngvaiMalmsteve
May 7th, 2008 at 3:15 pm
Will, not sure if you’re talking about VSCI, but earnings.com says VSCI’s earnings are scheduled for anywhere between May 19th - May 28th.
http://www.earnings.com/compan.....icker=VSCI