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The Stockster Thinks I Want To “Bring Down Penny Stocks”, Exemplifies Niche Ignorance

Posted by timothysykes on Mon 30th of Jun, 2008 11:35:36 AM
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Many of us veteran microcrap traders remember TheStockster.com as a great little promo machine for pumping up shitty companies aka great for creating Short Selling opportunities. Unfortunately Osama bin SEC shut them down, whining about misleading investors. You can read the full complaint HERE, but it’s funny that they singled this guy out for misleading investors as that basically sums up all of Wall Street!

(Yeah I said it, everybody who’s been in the game for more than a few years knows that’s reality…whatcha gonna do Osama bin SEC, shut down all of Wall Street? Nah of course not, you guys are incompetent/understaffed/underpaid/terrorist pricks!) (Newbies/idiots: you really think manipulation is limited to Penny Stocks? C’mon grow up Peter Pan, Count Chocula–all you gotta do is look at what’s happened with the $330 billion auction rate security market–supposedly “safe”, or marketed that way, investments, which have now become worthless overnight…not to mention all the fraud involved.–to toughen you up)

Anyway, some guy who identifies himself as Mark Groanboom and linked to the new TheStockster.com (supposedly under new management even though it’s currently a blank site) commented on my blog post that talked about 99% of penny stocks being frauds/schemes/scams saying:

Simply not true. Your attempts to gain notoriety as the man who brings down Penny Stocks is pathetic.

Congrats Mark, you actually made me LOL. Laughing at your stupidity. You friggin moron, why the hell would I want to “bring Penny Stocks down”–if you did any research whatsoever or had the literacy of a four-year-old, you’d know my book An American Hedge Fund details how I made a fortune off Penny Stocks, my instructional DVD is called PennyStocking aka tries to get people more comfortable playing these flea-ridden “companies”, my strategy that’s yielded a solid 60% return over the past few months is all about profiting from the corruption/manipulation/incompetence/ignorance that represent this joke of a niche–and doing it the legal way through buying breakout chart patterns and Short Selling, again based on chart patterns or at the very least–since you seemingly can’t read–you’d have seen that big ass picture of me on this site with the phrase “You Can’t Handle The Pump” and gotten interested enough to click it and see that I actually have no problem whatsoever with stock promoters–for without them, there’d be far fewer ideal Short Selling opportunities! Yup, I love you bastards and now I’m gonna take you mainstream!

Thank you Mark, thank you for your total disregard for research, thank you for your illiteracy, thank you for your incompetence–in short, thank you for exemplifying the EXACT kind of person who plays Penny Stocks and why there’s soooooo much opportunity for those who care to think just a bit more than you and why it’s soooooooo easy to profit from trading these schemes.

I hope your new site takes off–hell, I’ll even link to your “articles”, anybody dumb enough to buy a site busted for stock manipulation has def gotta have plans for further manipulation. Good! Here’s a tip: stay offshore, use accurate disclaimers and for god’s sake learn to read!

PS Osama bin SEC, I dare you to try to come after me, I list all my trades/ideas/theories/strategies openly, I have no other trading accounts, I take no money from any stock promoter/penny stock/penny stock shareholders, I don’t trade against my picks, I have no connections who trade against my picks, nothing I say/write or do is a recommendation to buy or sell any securities, penny stock trading is RISKY SHIT and everything I say and do is for entertainment purposes only. So haters, bring it, no better feeling than having a totally transparent business model, wish you could all be so lucky!

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  • CNEH
    I still can't believe you sold CNEH so early. You said the risk on the downside was 10-20 cents and the upside was a dollar. I know it's worst case scenario, but come on man. You have to let the sucker run a tad bit longer.
  • who the hell cares what i do anyway, focus on your own trading
  • sniper6
    SHFL finally shit the bed.
  • Thestockpic promoting a new site and stock

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    ProConcept Marketing Group, Inc. Acquires Phase 3 of ''Cave Village'', Valued at $12 Million (200 Acres) in Jamaica, W.I.
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    http://finance.yahoo.com/q? s=PMKT.PK
  • YngvaiMalmsteve
    Anybody catch the $3 break on QTWW? I got in at $3.02
  • brent
    forgot about SHFL... nice drop
  • dan
    I remember the stockster aka the penny stock pump and dumper. That smuck made me a lot of money. CNEH why the hell do you care if Tim scalps? Keep going for 1 point off every trade and see how well you do intra day. Greed is the reason 99% of the people lose, as well as under capitalization, lack of effort, and down right stupidity.
  • Rambone
    SSN breakdown. Could see 3.50 soon. Small cap oil plays are no longer following the oil move.

    HYGS is running nicely. Definitely the prototype play if you want to buy a stock that will gap open tomorrow as long as it closes at the day highs.
  • Kevin
    Tim, just bought pennystocking, finished reading and watching everything, and i'm enjoying it so far.

    I'm not here to kiss ass, but just a simple thanks for being straight up and open.
  • Rambone
    CSGH nice looking chart. Ready to challenge 1.40 resistance as well as year to date highs. Nice small daily gainer that after a week add up to a big gain on few hundred K volume. Not a MOMO style play like HYGS.
  • Kevin
    YngvaiMalmsteve,

    I don't know what has happened since, but as I watched QTWW bounce around 3, I watched consistently massive sell pressure on my Level II, so i avoided. sells dried up and it hit 3.10, but it was too crazy for me. Dropped again after steady increases, think we MAY be looking at a winner in the afternoon
  • sniper6
    I see someone finally bought 2000 shares of OSRS. 100x or 1000x the volume would be nice!!
  • YngvaiMalmsteve
    Kevin,

    I have TOS which sucks for Level II. I was just playing the chart. It was hanging around right above $3 so I figured that was a good entry point.

    QTWW has an earnings CC at 4:30 EST today, during market hours. They are announcing 2 weeks early, on a Monday, in the middle of the market, in concert with a perfect chart pattern setup. Hmmmm...it will be interesting to see what happens this afternoon.
  • YngvaiMalmsteve
    Hey, Rambone, Lebed was pumping CSGH last week or the week before.
  • markjohnson
    Tim great pick on CNEH didn't get in but was cool to see it run
  • uhhh HYGS, friggin meeting
  • be-the-ball
    tim,

    if you miss good plays because of meetings etc... isn't that a disservice to subscribers of TimAlerts?
  • ha, TIMalerts is just my watchlists and trades...if i've done my job well enough, u dont even need to see my trades, i usually screw them up anyway!
  • PCola
    YngvaiMalmsteve, 4:30 EST is after the market closes...
  • YngvaiMalmsteve
    Whoops, you're right...my bad. I'm on PST myself so I got mixed up there
  • Rambone
    HBAN, FITB, SSN, UEC, ABAT, NYNY all great short scalpers. Don't think they can hold support levels. Atleast 20-30 cent scalps in all by tomorrow.
  • Rambone
    POWR also short potential on breach of 7.50. Hit 8 resistance today on very weak volume. I doubt it will retest. Short sell the dead cat bounces.
  • Rambone
    If I had the choice of only 1 stock to play for tomorrow it would be QBIK as the best risk to reward potential. HBAN would be one of the best shorts. Under 6 again. Banks and financial stocks are all trading like they are going bust.
  • sniper6
    looking to play KOG one way or the other, dunno which way yet!!
  • sniper6
    I banked last week on HBAN short from $6.40 average, I dunno if I'd short it much under that.
  • Rambone
    Wouldn't want to guess. Only thing I can speculate is the 5 resistance which was touched on almost 10 million volume. Upside is limited while exposing yourself to a possible 4 support downside. Find a chart and pattern that's tradeable. KOG was a play this morning on the bounce off the 4 support. Gap open. Too many to follow and you can't play them all so concentrate on a few.
  • Rambone
    CROX under 8. You can short those new 52 week lows with ease. CROX has no support. It will get hit hard if the market continues to bleed.
  • sniper6
    Bone- Only made one trade today , nothing for pennystockers, short 500 PFG @ $43.00. You are right, toooo many to watch, plus, I still have my actual job to do
  • brent
    ABAT just took out a intra day support line
  • lmsmith
    SMH I would have made a killing off of my LEH short @27 if I held onto it........ pos is still falling
  • Amzzz
    SEC will be pounding on your door any minute now... lol. Goodluck
  • Rambone
    Sniper that's definitely no penny play. I see IPI and POT as good short sells also for non penny plays. 65 and 230 support has become resistance to both and neither will hold those numbers in this market.
  • Rambone
    Don't forget PINN. This one is an ATM at 3.50. Look at how it performs on breaches of 3.50.
  • sniper6
    -gulp- guess I'll be sellin my IPI then. Anyway, off to a foreclosure auction, poor people like living in the streets anyway. Good Luck to all.
  • Rambone
    POWR slipping below the 7.50 mark. Usually a stock that's broken support will make a few attempts back at it so you won't see the instant drop. A lot of times the big dump takes place on the day after the break. One must be patient sometimes as plays take many hours or days to develop. Don't expect a stock to drop down 10% on stop loss orders if it breaks support. COIN is a great example of a stock trying to regain back its 6 support only to tank the next day.
  • Rambone
    Don't hold a stock long or short into an earnings play. Yes, it could gap but you could also get crushed like those in JADE. Leave the speculative bets in Vegas.
  • YngvaiMalmsteve
    Well, regardless of what happens with QTWW, I'm out anyway. It didn't hold above the $3 breakout. I got out at $2.97 after my $3.02 entry.
  • Rambone
    SFEG a gold play at .80 might have potential. Volume is very nice as is the resistance break of .80. Spread is a little steep at 1.8 cents. Will keep on my watchlist.
  • Rambone
    Yng,

    I like your blog. Good reading.
  • YngvaiMalmsteve
    Thanks, Rambone. Still learning this game, and blogging about it helps me write out my mistakes so that I don't repeat them.
  • Mike_13th
    Mike_13th

    June 29th, 2008 at 6:54 pm

    RNN looks like a ss&f.

    Symbol change,
  • Rambone
    Profit taking in HYGS. Always take half your profit off the table in a position you plan on holding that spikes up huge. No one times tops or bottoms so always secure some profit. HYGS doing 7 million shares. If it retests day highs on that volume you can believe that's a major gapper in the morning. Already back up above 1.70 intraday support.
  • manny the trader from cancun
    kids its time to see my TGC reaching $3.
  • brent
    STOP THE PRESSES: BSHF TO GO TO 6.50! ! ! ! how do i know?
    Market Movers just sent me another update. i'll wait OOooooommmmmmmmmmmm.....
  • Wes
    Is anyone else holding HYGS overnight? The volume today is hard to ignore!!
  • brent
    rambone: i was in ABAT at 6.09 had to get out at 5.88 as there is a thunder storm in the area and i will no doubt lose power. Damnit. one thing or another. looks like its gonna keep going. Oh, well profit is profit no matter how small. Already gone to my 1st target of 5.77. I feel like time, now, worst case scenario.... OOoooommmmmmmmmmm...
  • brent
    If i stay online and ABAT retraces to near 6 i may get back in for overnight... Waddaya think?
  • be-the-ball
    Tim,

    add REDF to your watchlist, up on a CNBC pump, will fall back eventually, just a matter of when.
  • balls...or just plain nuts...
    Still holding my 1000 CNEH from friday @4.64
    Sold 900 HYGS way too early @1.52, but still holding 100 from friday @1.44
    Trading at work from my phone made me nervous, I didn't want to keep track of two stocks at the same time while dealing with the slow connection, that's why I sold so early on HYGS. Up $680 on the day so far.
  • Rambone
    brent,

    Next time try a trailing stop to protect gains and let profits run for those kind of extreme circumstances.

    It got killed after it lost the 6 support number. Down $.40 since then. Hasn't even retraced any of its losses since going under 6.
  • brent
    rambone: i thought you were waiting to go short on that break? I SS on the way down from the 6.25 spike and break of 6.10. i am sure that was risky. My S/L was 6.30 ask and i was going to hold till at least 5.77 and possibly to the 5.50 (risk/reward, okay? opinion please.) area, the ThStrm scared me out of it.
  • Rambone
    If it gets back up to 6 definitely short it back down. Stock is in a confirmed break down. It will be a multi day short like NOEC. Check out how NOEC did after it couldn't hold the resistance break of 7. Helps to know the stock because just like a human every stock has a personality and a set way of trading.
  • Rambone
    SOIS up past $1. Last time it had this type of pattern it went to 1.50.
  • Jayman
    EVSO next multi-day runner like LBAS....
  • Fantom
    ImSmith

    I also covered my leh short, a profit is still a profit!

    Holding my kbh, len mer short.
  • Fantom
    and of course gm
  • Tim - why is it such a bitch to get filled on OTC stocks. I tried to get shares of CNEH this morning. Even tried putting in a limit order a few cents ABOVE the ask that I was seeing on my streaming quotes (when the ask was 5.00, I put in order for 5.05)...never got filled. Finally decided...screw those pricks and traded TGC instead. Why does this happen?
  • balls...or just plain nuts...
    That slow execution on OTC killed me the other day on LAUD. I couldn't sell it the same day I bought it, (SEC bin Laden rule) so I waited until the next morning. I was trying to dump the stock, even at a price lower than the bids, but nothing happened! I freaked and asked .25 under the bid...minutes passed, finally executing, an excruciating couple of minutes later. Took a loss on something that I was up almost 200 dollars on just minutes earlier!
  • Keith
    Cant decide weather I want to hold QTWW overnight. They have conference call at 4:30 Hmmmm what to do? In from 2.91.
  • YngvaiMalmsteve
    As Rambone said, risky to hold into earnings, even if the chart looks good.

    If there wasn't earnings, I'd hop back in right based on the chart. But I'm staying out
  • Keith
    Ya I bailed at3.06 166.00 profit. Better than getting squashed in the A.M.
  • LJPC just broke out ...kinda weak through
  • Keith
    I also got toremember the old saying buy on the rumor sell on the news.
  • Balls - I think with these OTC stocks its very important to get in early. The OTC market makers don't seem to want to let you in on a momentum rush. Today..if I had put in a market order when it was @ 5.00, they probably would have eventually filled me @ 5.30 or something scandelous like that. Screw the OTC.
  • Rambone
    brent,

    I entered multiple short positions on the support breaks. ABAT at 6 was one of them to go along with HBAN. I see HBAN testing the low 5's by tomorrow. Financials are not the places to be. Some of the short sells broke down immediately and some will take till tomorrow to meet targets. If they don't go as planned I cover quick for a small loss before the loss becomes a big one.
  • mitil
    @ alex
    I had almost the same problem..i had a buy stop at 4.75 which should have been executed at morket open!...then i relplaced it with a limit order at 4.98 for 1500 shares and it got filled...
  • markjohnson
    Tim covestor shows that you are still in CNEH
  • jd
    told u guys something was up @ xtlb
  • Matt
    Damn. I forgot about QTWW's earnings call...no wonder after hours is beating it down. :(
  • Johnny B
    Tim,

    God your a newb. You think your strategies actually work? Look how the market has performed the past quarter. Anyone can short sell in this market. And your wasting your time with this website and teaching all these newbs. Go star your hedgefund back up and ill give you $500 mil and then we will see if you can pull these kind of returns. Pussy
  • brent
    what the hell is a guy with 500 mil to throw around wasting his time in the gutter?
  • yaktipper
    Hold on, making some popcorn for the Tim vs. Johnny B show.
  • getshorty
    Hey Johnny, give me the money to manage, $100 M to get started.
  • be-the-ball
    nothing personal Tim but I am very excited I just found a way to block that ticker across the top that was making me dizzy...
  • TomT
    Who else got in on FRGY... let see this thing go tomorrow at open..
  • Please make TheStockster.com famous just like you Timmay!

    If my memberships triple... i'll provide the best shorting opportunities for you and your scabs.
  • Zykosis
    why does it take so long to execute anyway on OTC:BB? should you just use market order? my limit orders never get executed, always skip over my orders lol
  • Amzzz, I'd love for the SEC to knock on my door, I have a lot of issues with them--I'll friggin podcast/videocast our entire meeting just to see how they respond to all my criticisms!

    but I think they'll leave me alone, as always--I've already called them rapists, compared them to osama bin SEC and alerted them to about 50 frauds and still nada....if u know anyone there, please have them contact me!
  • Amzzz
    That's because they dedicated 99.9% of their resources into investing the fraud cases of the bear sterns fund managers...lol
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Start Here

Who Is Timothy Sykes And Why Should I Care?

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?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

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%)