Cool interactive video interview we’ll be trying out tomorrow afternoon, let’s hear some questions!

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Join TimTV On ChuckTV Live Here Tomorrow, Monday May 12th, 2008, 2PM EST

Check this post tomorrow, Monday, May 12th at 2pm EST cuz the coolest Chuck I know, Chuck Boyce of ChuckTV, will be interviewing me and thanks to this snazzy video player you see above, you’ll be able to watch, chat and interact with us all in real-time. We’ll be talking about everything from digital media to why there are so many financial scumbags and most importantly, taking a few questions from you guys. This thing is gonna last anywhere from 30 min to 1 hour, but I have a feeling it’s gonna get wild. Definitely comment away if you have any questions you’d like answered tomorrow!

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WSW casting call, maybe I’ll go and film the auditions!

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Thank The SEC For Once: Wall Street Warriors Open Casting Call

Most reality shows gets tens to hundreds of thousands of applicants so the chances of actually getting picked are like the chances of me kissing and making up with the SEC aka slim to none. But not so in the joke that is the finance industry.

Thanks to absurd, blatantly anti-American regulations (SEC take a bow) limiting freedom of speech, freedom of the press and basically everything to which we Americans take for granted, firms and industry insiders won’t allow video cameras—and even more dangerous a possible international audience—to view such XXX-rated evils like stock trading and brokers baiting and switching! Money-making is simply too scandalous to ever be allowed to go mainstream, the public just wouldn’t be able to handle it, right?

This is why our children, influenced by TV/society, ignore finance/using their brains in favor of more animalistic/primitive pursuits, trying to perfect their voices (American Idol), muscles (ARod or American Gladiator) or looks (America’s Next Top Model) to get rich and famous.

Pathetic.

Luckily, if you don’t give a flying f$#@ about some imaginary line drawn by corrupt balding bastards (encore bow SEC…hmmm, they really like the ephors in the movie 300 aren’t they?) or if your firm is crappy/desperate enough to be willing to bend the rules, I give you THIS open Wall Street Warriors casting call. This Tuesday afternoon.  

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Uh oh, you’re gonna have to learn on your own!

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Contest Time: No More BS Guessing Games, This Is PennyStocking!

The popularity of last week’s entertaining but inevitably useless contest got me thinking–I wondered how many people would enter a contest where they might learn something, meaning they’d actually have to do a little work? So, I give you NT Holding Corp (NTHH.OB), a sketchy sketchy sketchy stock that decupled (10x) in price last week on some surprisingly not-so-insignificant trading volume.

What caused this staggering price surge and do you think it will continue? I’ve done my research, but let’s see what you guys got–whoever posts the most in depth research–as judged by me–wins a copy of that soon-to-be-called classic book you should all have read by now! Deadline for entry is Monday morning 8am, winner will be announced at 8:30am. Let’s see if you’ve got what it takes to be a PennyStocker!

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Saturday linkfest, read it or weep

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Sykes’ Saturday Sevenish: May 9th, 2008 Educacion

Now that prices have come down a bit, think it’s time to buy real estate in the US? Hello no! Check out what your hard earned money can buy in other countries…

Can’t wait to read badass short selling hedge fund manager’s David Einhorn’s new book…he was just on CNBC today talking about that oh so evil, unpatriotic act, impressing the hell out of just about everyone. I’m particularly pleased with him lashing out at the bastards over at the SEC. Guess you just need a few billion under management to get people to listen.

It’s time to play check out Tim’s excellent sponsors game again because they allow for such a transparent business model! Your choice of click throughs are:

a. SpeedTrader!
b. GFT Forex!
c. Optimus Futures!
d. Your Ad Here!  

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Made a cool 20% in 2 days on VRML, just a perfectly executed trade from start to finish, nap time

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Feel Good Friday: Nailing A Perfect Short Sale On Vermillion, Inc. (VRML)

Was I bitter that a stupid mistake cost me between $750 and $1,000 in missed profits the first time VRML squeezed the shorts (as I posted helping other, not knowing I was already short!)? You bet I was! Was I going to let it influence my future trades on that stock or any other? Hell no!

So, after surging pretty much straight from $1 to $5, back down to $3 and then squeezing a few over confident shorts to $4 in a few days all on an ill-researched media story, on Wednesday, I posted how I shorted 1,300 VRML (all I could find) at $3.75, a little too early, but I was confident since I knew this thing would be volatile and shorts would be aggressive.

A few hours into my short, when it was a typical 25 cent profit (as you know I take too many of those) in the $3.50 range, I posted how I was gonna have patience on this one and cover under $3 cuz it was one of the few truly ideal PennyStocking Supernovas to pop its trashy head up in the past few months, even if as I also noted that this was the 3rd great shortable penny stock action in as many days (LGDI which I made $350 on and VRML round one, where I screwed up and lost $180, even while calling it perfectly for readers!)  

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VRML about to crack $3.40, could take 20 minutes or so, enough time to listen to the latest TIMradio podcast with Thinkorswim founder / industry badass Tom Sosnoff!

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TIMradio #3: Tom Sosnoff, Founder of Online Broker Thinkorswim

As I sit here waiting for the near-inevitable crack in VRML’s stock price, I thought I’d offer up a podcast for your listening and learning pleasure: You’ve all heard me talk about how much I love and recommend Thinkorswim as a broker–not only do they have the best customer service/software, but they have solid borrows through Penson and most importantly, the people at the company actually try to help customers instead of ripping them off. Maybe that’s why there’s a Chicago-based firm, not NYC.

So for TIMradio podcast #3, I was fortunate to have a fine little chat with the man behind the curtain, Thinkorswim’s founder himself, Tom Sosnoff. Besides being a legendary options trader and frequent industry speaker, he’s one hell of a laidback / good guy…one of the few out there…so I hope I can still be like him when I’m that rich! Somehow I think all that power and money will go to my head…we’ll see.

Interview with ThinkorSwim Founder Tom Sosnoff

PS You’ll hear me say this is the first TIMradio, well, it turned out to be #3, but it’s still #1 in my heart :)

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10 stocks to watch today, don’t worry about not finding shares to short, few are ideal anyway

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10 Hot Stocks & Other Cynical Views On The Trashy World Of Penny Stocks

VRML Still 1,300 Shares short @ $3.75
LGDI
Both are supernovas, LGDI near its highs, but VRML still up waaay more %-wise…both have fading volume, both can still squeeze shorts even though they’ll probly fail. I’m short VRML cuz it’s up on stock promoters, ill-researched media story and best of all the company is a truly failing biotech microcrap in the same vein as REED, VION, DARA and PSTI—each of which also jumped 200%+ and have now retraced ALL of their gains (PSTI is only halfway, but give its also the newest)

VRML coulda woulda shoulda gone negative on the day, cracking the key $3.40 yesterday, but they smartly issued a fluffy PR I won’t dignify linking to (they formed a committee)(you think they don’t know that would squeeze some shorts c’mon, this is the beauty of pumping–they don’t have actual business to tie them down, their business is getting the stock up!…still, after an initial spike, very nice gradual downtrending all day, great sign, sooner or later, we’ll get some panic selling

HDSN
You can’t stop this air conditioner play (seriously) after it just reported solid earnings…good for 25 cents/share intraday peaks and valleys, if you’re into that sort of thing

OIL
Woooo $125, I don’t care. I hope it goes to $1,000, then we’ll get plenty of great oil pump and dumps and our short selling profits will be that much greater when the whole world is in the midst of a crippling depression!  

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