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Breaking News Rumor: Trader Monthly / Doubledown Media Flat Broke, Forced To Turn Off Air Conditioning

Posted by timothysykes on Fri 27th of Jun, 2008 11:17:08 AM
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Wow, the immature prick that I am, I’ve dreamed of this day ever since their sick twisted son of a bitch editor-in-thief Randall “The ideal reader is 29 years old, making $400,000 a year, and spending all of it.” Lane’s smear campaign of me waaaay back in early 2007, but now it looks to finally be coming true. Rumors are flying that after losing an arbitration case with Private Air (who after “buying” their magazine, they allegedly stiffed), now they are flat broke and have turned off the air conditioning in their midtown Manhattan offices!

Karma’s a bitch, huh Randy?

It gets worse, apparently the Refco carcass is also demanding the money Doubledown owes them!

Doubledown never became a publicly-traded stock, but based on their many sins of the past, media manipulation, enemies they made along the way, lawsuits, etc.–well, they’re a prime example of how corrupt and incompetent most tiny companies are.

Randy, FYI, next time you might as well do a pump and dump BEFORE your business fails, the key to this game my friend is capital…and you ain’t got none.

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  • Bob (VC)
    No air conditioning huh... If revenge is a dish best served cold it would appear karma is a dish best served hot...
  • Rambone
    BPG break out on high volume .48. If it retest day highs I'll be interested.
  • Adam
    funniest damn blog post ever
  • Randall couldn't handle the pump
  • sniper6
    I gotta say I love this shit, man! Just printing dollars all over!
  • brent
    Wish i was lucky... Guess i don't get it. Went long on ABAT breakout only to get spooked out for a loss of $130 and now it looks as though it may be going on up... I don't know. seems i go 1 step forward and 3 back... read the book watch the video... what am i missing?
  • brent
    boy am i P^&(^ed look at ABAT go now that i am out
  • brent
    ABAT going to be a double top failure ???????????????????????
  • Brent you read the book and watched the DVD? That's pretty good but you've also got to have some experience seeing these things move since the chart patterns don't always stay the same or do the same things. As Tim says time and time again, "patterns evolve"
  • lmsmith
    Wow....KHB is moving- WTF is going on???
  • Rambone
    Brent what price did you buy ABAT at?
  • brent
    okay where do we go for the weekly video at 1pm
  • monkiman
    old saying still hold true...wat goes around comes around....
  • brent
    5.99 out at 5.70 thought it was breaking above 6.
  • brent
    1st thing this a.m.
  • sniper6
    earnings today- not quite as bad as expected. temporary glitch IMO
  • dude, brent, ABAT ain't even breaking its high of $6.05, so just like you said its showing an intraday double top, looks very scarrry for longs here i'd say. i can't do jack since my account is frozen but in my opinion ABAT looks like a good intraday scalp of around 20-25 cents, which is not bad of a gain if you can afford 1000 shares
  • brent
    i am on my last bullet if i use until next Thursday. Sure would like to make it count for something...
  • Rambone
    Reason I ask is never buy a stock on the first attempt at a resistance break. For the most part stocks take several attempts to break resistance and likewise with a break down of support. Going back to last year 6 looks like resistance so I would have held off on a first attempt. Look at two big caps MGM and LVS as recent examples of support.

    MGM hit 40 support a few times. I would never short MGM on the first attempt at 40. Believe it or not it's good to buy a stock that hits support as many times you get a nice spike. Eventually after 2 more attempts the stock tanked. I'd put in a short sell in this case at 39.90. A dime below support to make sure it's not a fake read.

    Look at LVS from yesterday to today at 50. Similar pattern to MGM. Nothing works 100% in the market but the majority of times if you study charts this is my take on them.
  • brent
    thx rambone, and as we speak ABAT is coming off its 1st intraday attempt. Good obserationg Ben
  • brent
    obserationg = observation
  • brent
    Rambone: interesting charts indeed. and CNBC just talked about how Las Vegas is seeing lowest discounts since 9/11.
  • sniper6
    bot 500 GSS @ $2.88
  • Rambone
    Take a look at COIN. Jun 12 held the 6 month support line of 6. Bounced to 7.70 2 weeks later. Yesterday and today finally broke that mark touching 5.55 twice. Currently at 6. It can't break resistance which was support. This stock is going to touch 5 within a week or two. This is the type of stock you could have a multi day hold on. Problem here is volume sucks and the stock is no longer in play. Money can still be made just takes longer.
  • sniper6
    the future is golden
  • "No air conditioning huh
  • brent
    how do i get to the Tim live program?
  • sniper6
    waiting for HYGS to test 52 wk high
  • jesseb
    I don't know if anyone else has this problem, but I'm always having issues with Mogulus when streaming live. Could be because I'm going through a proxy...I dunno.

    And the chat won't work to save mine OR Tim's lives :(
  • AdamN
    Nice breakout on ABAT, in 500 @ $6.09.
  • brent
    is that a break out on ABAT? low volume though?
  • AdamN
    Since when is 2.5 million low volume? Take a look at the daily chart on ABAT.
  • brent
    shows u how much i know...
  • brent
    look at it go. good job adamn
  • balls...or just plain nuts...
    bought 1000 cneh 4.64
  • bought CNEH 4.60 TIMalert, TIMalert and a new post:

    http://www.timothysykes.com/timsykes/2008/06/27...
  • balls...or just plain nuts...
    bought 1000 hygs @1.44
  • Rambone
    Brent,

    Good work spotting the trend. Just work on entry and exits. Look at BPG I mentioned this earlier. Broke resistance then came right back. I bought it as it hit high of the day on the second attempt. Same pattern as ABAT today. They usually take out resistance after several attempts. High of the day on second attempt is a good buy indicator. Yesterday I bought URRE before the break assuming at 3.98 it would take resitance. I lost $.10 a share on that one. Didn't even follow my own rules. Stick to those basic rules. You won't bat 100% but they will limit bad entries.

    GL
  • brent
    i see what you mean on BPG and ABAT for that matter. Sure am trying to break my losing streak. With some help here, maybe i will... Thanks.
  • brent
    ABAT: looks like quite a bit of congestion here back in Nov. 07. I guess if oil keeps doing what it is doing then ABAT will challenge the 9.66 high in Oct. 07
  • morrisix
    Brent, Have you been in Green on the Screen chat room?
    I ask because 13th Floor ( moderator ) has stressed even, whole, numbers, like 6, are areas to be careful of. ( Hard to break thru, up or down.) Many, set stops, exits,taking profits....in these areas. Many of 13th's picks are even based on this theory. Hope this helps a bit.
  • Anyone looking to Short BPG for monday and Tue? I am.
  • YngvaiMalmsteve
    BPG is a breakout. I don't know why you would short a breakout....good chance of getting squeezed.
  • cash
    Keep us posted on this POS. He sounds like he is a real ass.
  • turns out i beat everyone to the punch by a few months!
  • Wish I had read this entry earlier. I am still waiting for $1,025 for work I did, in good faith, for this "company." They blew me off for months and now have filed Chapter 11 so I'll never see that money. Thanks for fucking me out of an entire month's rent, Doubledown Media LLC. I would say a barrage of nasty things here, but you'll get yours, CFO Paul Fish.
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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).

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
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: $98,094 (681%)