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Why Getting Hacked, Like Losing Hundreds Of Thousands Of Dollars, Is A Good Thing

Posted by timothysykes on Mon 2nd of Jun, 2008 03:07:53 PM
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Yes it’s true, I’ll explain. While I’m a cynical old (in terms of market experience) short seller whose seen frauds, hype and pumping galore and think 99% of Wall Street is full of truly soulless scumbags, I’m also a big believer in learning through mistakes. Just like that time when I lost a few hundred thousand dollars, our Sunday night hack attack by some shady Russian hacker probly hired by a stock promoter I’ve pissed off (I don’t know how considering I have nothing against stock promoters and if they thought about what I’m trying to accomplish, they’d see that making Penny Stocks more transparent and hence more actively traded will benefit us all) is definitely a set back—all FORUM posts, new subscribers, recent TIMbucks, basically anything that happened on this site from Friday-Sunday has been lost forever. Because we weren’t prepared—we only backed up every few days.

The reason why this is a good thing is not because I’m trying to surgarcoat something grotesque as if I ran DoublingStocks.com aka We-Are-Blatant-Manipulators-Who-Suck-At-Our-Jobs-So-Much-That-Our-Pumps-Aren’t-Even-Worth-Shorting-Into.com or headed the shady PR firm representing Converted Organics Inc (COIN)—don’t even get me started on how much this sucks/time it wastes—but because now we’ve been forced o upgrade how often we backup everything. More importantly, now we’ve been forced to upgrade our site security. Exactly how that big loss back in 2006-2007 made me wiser, more conservative and forced me to become an infinitely better teacher.

My team and I are truly sorry for making you re-post your stuff and re-subscribe, if you even want to, but nothing is infallible—no website, no stock, no guru, nothingggggg. And please have a bit of patience over the next few days as we catch up…

Perhaps an even better lesson is to stick to what works for you—since I knew I’d be filming ridiculously funny clips all day tomorrow our upcoming LiveStock episodes, for the first time….ever, I prepared draft posts to get ahead for once…now those are gone, my weekend wasted. Just like how my frail Jewish body resisted me trying to buff it up with a trainer or when mom stopped doing my laundry a few weeks ago and now the cleaners have lost my two nicest shirts…sometimes you don’t mess time-tested traditions.

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  • HAHAHA - my cleaners lost 3 of my shirts as well - there's def a pattern here.
  • Scott
    I think Superman gave up on NTI today, no movement after losing $1.26 today. His China plastic clean up theory did not buzz this one. Probably will fall further down tomorrow, I will short it before close today, holding profits on oil players tonight.
  • Matt
    Were any of the credit card numbers that people used to buy your dvd stolen? Most of the russian hackers are associated with organized crime. They run bot-nets, phishing scams, and identity theft rings.

    I'm going to call my credit card company and let them know. Even if I am only liable for $50, it is still a pain.

    Oh, well - stuff happens...
  • jesseb
    Matt, this is just a blogging platform. I imagine that there has never been a credit card or even personal data that has touched this site.

    When you click on the order link/button, you are taken directly to Paypal.

    I think that your information is safe. But hey, never hurts to be safer ;)
  • nope, i dont have any credit card numbers on this site...the beauty of paypal :)
  • lol, that is funny about the cleaners...i too share your idealogy...even bad things must be looked at in a positive light if one is to continue to progress in life...all dwelling on negative things does is attract more negativity to light...it is best to keep your eyes on the prize and soul on the goal, thereby, finding the positive in your unfortunate situations, because if you continue with that point of view, the negative situations will become more rare as you progress in this life...being jewish, you know a popular term for God is Yaweh, and that translates into I AM, which is an affirmative command as opposed to the antithesis, I AM NOT...a good explanation of this is when trying to quit smoking a good positive affirmation is I AM a non smoker; rather than I am not a smoker; it's based upon concentrating on what you want, and not what you don't want, and in this field my friend i believe you have the right state of mind...keep on pushin!
  • nodin
    PCSV is starting to fade...first day down after a three day run-up on no news...might be time to start shorting..thoughts??
  • balls...or just plain nuts...
    hey, if they lose one more shirt that'll make 4...tag them pattern shirt losers...
  • HYHY? shorts anyone?
  • getshorty
    Has anybody seen superman?

    Superman?

    Looks like he got a front load of kryptonite delivered by NTI in a non-petroleum based bag.

    Anybody shorting some more NTI with me on its first down day?
    or are you all afraid of clark kent?
    He is just human people !!
    Lets get NTI killed !!
  • GregsBar
    Anyone else short on UNCL? Massive pump and dump (I think).
  • They just wish they were making as much as us traders. The cat is out of the bag and it's going to run wild. Keep up the good work Sykes.

    CPSL was such an easy scalp today..anyone else hit that?
  • getshorty
    JASON !!!!

    I FOUND YOU !!!!

    I KNEW I HAD A LOST BROTHER !!!!
  • TomT
    MAn.. I need something to long or short overnight. hummmm
  • tom, this SOLI looks like a strong long play to gap up in the AM
  • getshorty
    NTI TOM
  • pissed i missed my buy on ROYL at $8!
  • shorted 500 NTI at $13.70
  • Al
    shorted 600 ACOR @ $28.00
  • MTXR
    Still trying to figure out how timmay found PCSV...must be thru some inputs of a screener or was previously on his list and just popped up again.
  • YngvaiMalmsteve
    I'm short NTI. I was going to wait for the close but this thing was already showing weakness with the fading volume, significant psychological resistance at $15, and the fact it broke its ascending trendline. I was in at $15 and more shares at $14.70. I'm holding overnight into the close. Should be another down day tomorrow.
  • why in the world would u short ACOR at $28...strong stock with positive drug news, already consolidated and bounced...i hope u get squeezed cuz thats just an irresponsible short
  • yah my site got hacked last night too tim...... fuck!
  • getshorty
    Just in time TIM !! Just when i needed the backup !!

    Shorted 200 nti at an average of 14.07.

    Tim's typical bookplay, throw some kryptonite to the punch.

    Short 40 acor, kind of shy I know..... but is not a bookplay....

    Got hurt today with cred and fpp.... should learn my lesson.....
    But still happy, mostly because of my large can$ short position. : )
  • sniper6
    if you wanted to make cash today, shoulda shorted me... sniper6...I took some damage today. Couldn't they just kick me in the balls instead?
  • YngvaiMalmsteve
    Hey, Fous, I tried to log onto your site an hour ago but it was making my computer act all weird, and my antivirus was alerting to a bunch of things. You up & running again or is it going to be more time?
  • JeffMoates
    Damn, I know Tim already said this, but ACOR short at $28 is really stupid. It closed with positive momentum. Anyone looking at level II on NTI? Say hi to my 1000 share short at 13.90! Come baby! I know there's some po' dunk hick out there on his pentium II just now reading superman's picks and thinkin $13.90 is a great deal!
  • u guys are experiencing losses cuz u're trading random penny stocks randomly..nothing worse than that and thats why people think this is gambling. i dont have all the answers, but i do have a set of time tested rules and lessons learned use 'em for god's sake!

    http://www.timothysykes.com/dvd
  • getshorty
    Hi Sniper, we should form a club, the "get kicked in the balls when you enter a trade without a clear plan club"

    I think we can both run for presidents.
  • TomT
    Damn.. SOLI is under $5.. broker limit.. and NTI.. they only have 19 shares .. SCOTT Sux.. can't wait for TOS to finish the transfer.. ..

    need someting.
  • sniper6
    I didn't make a single trade today, just sat here with my head spinning and long positions hemorraging. My only plan now is to purchase cheap tequila, dump it out, and smack myself in the head with the empty bottle.
  • sniper6
    oh wait...me fuckup again...bought 90 DGLY @ $9.52 long.
  • sniper6
    shorty- LOL- just like the Democrats. We can both be president!
  • Ad
    You're asking for it when you allow signups and don't bother upgrading. "WordPress 2.5.1 is available! Please notify the site administrator."
  • sonid
    Wow what a day, first of all I am glad to see your site back up and running Tim.

    Today was such a shitty day as It was more about sitting on the side lines than getting any perfect plays. Although I am long on my ROYL play and will look to see what happens at the open tomm.
  • Zykosis
    what a nerd
    [img]http://img98.imageshack.us/img98/5954/nerdhackerzp4.jpg[/img]
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See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)