Entertainment Today: No LiveStock, Just A Riveting Account Of Bear Stearns Collapse!

Posted by timothysykes on Fri 4th of Jul, 2008 03:51:04 PM

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Due to the holiday, you might’ve guessed there’s no LiveStock today (although I was ready to do it!), but since you’ve become used to being entertained each and every Friday–Family Matters-style–I dug something up that you might just like…

See the whole article HERE and be prepared to spend some time reading it–it ain’t short, but it is worthwhile. Of course it had to come from a non-finance media outlet: Vanity Fair. Because as you know, just as corrupt as Penny Stocks are, the financial media is boring times infinity (besides even being a little corrupt themselves)

OK, no more ripping, this account of the Bear collapse really is educational and entertaining, good job Vanity Fair! And for those of you who need more convincing to read a long article, just check out the kind of cool pics they use:

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gil

Hi Tim i just read your book ,
can you tell how much you personally lost on cygnus?

timothysykes

still waiting on final audit, but probly between $300k and $400k

getshorty

I think the lost itself was no something unsurmountable, the thing is that he lost investors confidence cause of that.

Great read on Bear Sterns, looks like if you are big enough you can short down to death anything. Really incredible.

Tim, while you were on Cygnus, did you feel funds short selling it trying to bring you down?

timothysykes

LOL gs, nobody cared about CYGT enough to short it, doubt there were even any shares available

balls...or just plain nuts...

just testing...trying to get my avatar working...

getshorty

Out of this site scope, no pump and dump on this one. but need to let out the fact that I was scalping BCE in an intraday short (BCE canada after the takeover) was making a few small, bucks, working fine, when my internet went down 3 minutes before the close, now I;m stacked with 400 short shares (around $15 000) of the biggest takeover EVER over the weekend. SHould just pray and close as fast as I can on Monday.

balls...or just plain nuts...

trying again...

getshorty

Sorry, I meant the biggest leveraged buyout EVER.

marketGirl

you really deserve that 2 million viewer and hope it keeps growing tim...on a 4th of july when all those other bloggers gone for holiday you are still thinking of us ..thanks timmy..
however i must say i dont mind the market being closed today...i got a good sleep and had a nice lunch with friends..

Muddy

Tim,
Yeah I'll be back in the fall.
Mike13th is over running me.
We've created a MONSTER!
I gotta put a stop to that:)

getshorty

Good Girl, on the other hand I was so bored that tried to force opportunities in the canadian market and lost $100 of my hardly earned last week profits, should just read when there is nothing to play.

mrcell

Tim thank you for the article. RIVETING!!!! Have a great weekend and come out kicking ass on Monday.

timothysykes

saturday linkfest:

http://www.timothysykes.com/timsykes/2008/07/05...

cash

tim that article on bear was amazing. do you think your boy cohen really had anything to do with it? the article is a must read for all that come to this site.

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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?

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.

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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%)