TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse

Posted by timothysykes on Tue 8th of Jul, 2008 02:16:52 PM

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After only a decent April (see monthly review HERE) and a heartbreaking (wasted opportunities galore) May (see monthly review HERE), my 14% June return (see monthly overview HERE) basically made my 16.6% quarter, my trading account surging from just over $17k to just over $20k, allowing me to continue to rip on this joke of an industry since even with all my mistakes I’m still doing better than 99% of the people out there, most of whom perform slightly worse than the major indexes (90% of traders lose $, 70% of fund managers fail to beat the S&P 500 cuz they’re schmucks!):

Below are all my trades and best/most important posts from the quarter that was:

TIM’s trades for April, 2008

Date	Stock	Buy	Sell	Net
April 2	ASTI	$13.10	$13.13	$0
April 7	SYNM	$1.07	$1.20	$370
April 9	PSTI	$4.65	$5.00	$330
April 10	PSTI	$4.27	$4.38	$180
April 15	KOG	$2.82	$2.75	($50)
April 17	VISN	$14.45	$14.16	($180)
April 18	EDEN	$2.35	$2.55	$180
April 21	EDEN	$2.01	$2.20	$257
April 24	PDO	$6.15	$6.22	$27
April 28	PDO	$8.18	$8.84	$135
April 29	MXC	$10.50	$10.00	($264)
April 30	BSHF	$2.61	$2.55	($74)

April Up 5.15% (Read full article)

TIM’s trades for May, 2008

Date	Stock	Buy	Sell	Net
May 2	VM	$3.97	$4.01	$12
May 5	LGDI	4.42	$4.67	$353
May 6	VRML	$4.42	$4.36	($180)
May 7	VRML	$3.05	$3.75	$890
May 12	CNEX	$7.20	$6.00	($740)
May 16	KYUS	$2.50	$2.49	($67)
May 19	FPP	$4.13	$3.92	($363)
May 19	MXC	$27.50	$27.08	($95)
May 21	FPP	$8.02	$7.44	($599)
May 21	PDO	$27.49	$26.38	($343)
May 22	FPP	$6.25	$7.00	$505
May 23	PDO	$21.00	$20.00	$310
May 28	NTI	$12.00	$12.47	$483

May Down 2.67% (Read full article)

TIM’s trades for June, 2008

Date	Stock	Buy	Sell	Net
June 2	NTI	$13.76	$13.70	$50
June 4	GRO	$6.91	$7.37	$230
June 4	PTEK	$4.90	$5.15	$135
June 5	PTEK	$5.14	$5.40	$470
June 9	PTEK	$4.74	$4.69	$53
June 11	STXX	$4.22	$4.00	$250
June 12	STXX	$4.99	$5.34	$659
June 18	HYHY	$2.26	$2.38	$262
June 18	TGC	$1.69	$1.78	$250
June 18	HYHY	$2.28	$2.31	$40
June 20	PINN	$3.31	$3.44	$175
June 24	URRE	$3.90	$4.05	$205
June 25	URRE	$4.39	$4.40	$2
June 30	CNEH	$4.60	$4.88	$393

June Up +13.84%

Quarter +16.6%

Fun Times:

Grad student uses my DVD to make $50,000+

Although my strategy also helped someone make $300k

Ding dong, the witch is dead! Or close to it

Newbies gotta learn to shut up…but only on other sites

The most thorough review of my PennyStocking DVD yet

This is what I do on my birthday…can you say workaholic?

Is that really Maria Bartiromo? Wow

Kids, don’t grow up to be Randall Lane, seriously.

Important Lessons:

Gotta buy perfect breakouts like this

Yup, this is what all these stocks are

Go on, be a Tiger

Or a lion

Trust nobody in this gutter of a profession

Suck on this Dennis Gartman, you just got outclassed BIGTIME!

This is required reading, it’s not optional

This is what sideways price action is

Books you gotta read, HERE and HERE

This is what short selling is, learn it or suffer like everyone else

Penny stock misconceptions

Stop shorting random penny stocks you friggin hyenas!

Rants:

Covestor is my best friend

What I mean when I say Osama bin SEC

Gotta love my haters, thanks guys!

The SEC is following me!

Typical Wall Street prick

Most financial writers suck too

Spread This Post:

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

TIM June Monthly Review: It’s Satisfying To Earn 14% When Most Others Lose July 7, 2008
Portrait Of A Successful PennyStocker: Adam Neiderhiser, Part 1 September 29, 2008
Learn To Short Sell Successfully: How I Made $3,500 On My Last Three Stock Trades… June 22, 2009

Keith

GIGM looks like it wants to explode through 13.00 I am long from this AM. I know its after the fact

timothysykes

PSS to all TIMalert subscribers, we'll validate everyone toinght, still formatting the site so its commentable like this one

getshorty

Tim, whats your take on GIGM, looks like a dead cat bounce to me.

Ryan

ERII re-entered 200 shares at $11.60 with a plan to hold o/n if it doesn't drop below $11.25 by eod.

Fantom

Tim do you have link for your fox news interview?

Bob (VC)

Well, looking at the above, it certainly wasn't a TIM-MAY!!

Yeah, that was lame...

Ryan

ERII, took me out sooo quickly, stopped at $11.25...($84 loss)...superman...did you already sell????

getshorty

Stupidly shorted 100 shares of GIGM at 12.19, can't get out cause freaking PDT. At least am way up for the day

timothysykes

chec out my buddy's latest post on tradingmarkets.com:

http://www.tradingmarkets.com/.site/options/com...

marketGirl

i am banking on VVUS.. gota be a good gap up tommorow at the open..

leo00o83

anybody in GETG? I shorted at 4.74 after the .25$ dump, looking good so far

yaktipper

Anyone that tracks me on Covestor knows I'm a one-trick pony with APWR -- it is currently on its way up in a violent way. I'd appreciate any insights into price/volume and/or effects on shorts for tomorrow's price action.

Pumacom

I'm with you MarketGirl... I jumped in on that one today too... I'd been stalking it waiting for it to break 7.50 and jumped in... at least a .50c gain tomorrow for VVUS... I'm in ALTH too for another gap up...

getshorty

Wow... erii back were I bouhgt it, so happy I went out on the high 12s.

GREAT NEWS TO MY FELLOW CANADIANS !!!!

11:24 dingo907: can you tell me how PDT I have available, I did one yesterday
11:25 nickt: how many are you looking for there?
11:27 dingo907: for PDT I mean how day trades I have available
11:27 dingo907: how many day trades
11:33 dingo907: nick?
11:33 dingo907: wondering how many daytrades I have left
11:39 nickt: You are a canadian account so there is not a day trading restriction

WE ARE FREE FROM OSAMA BIN SEC !!!!

BRING ON THE CHAMPAGNE !!!

also reconfirmed after. TOS cdn accounts clear in Canada, that why they are not binded, while IB clears in the US.
So I guess I'll catch out my IB account and move all my funds to TOS now.

I'm loving it

lakhanin

Tim, been checking out your site lately. Its been a great help! I just wanted to know how I could get my hands on the software you use in the second episode of the first season of Wall Street Warriors. You're shown using it right as the market opens and you can see all the trades and charts on your screen. Is it free? Did you purchase it?

Thanks

lakhanin

PCola

marketgirl, you're banking on Tim to gap open? Oh "WUS", I thought you said "WUSS". :D

Keith

If GIGM finishes hod I think we might get a good pop in AM would be a good place to get out.

JeffMoates

Sold my long in GIGM and went long in ERII here

Keith

I keep looking for weakness to get out of GIGM and then she goes higher so I stay.

brent

any closing action on PDO?

Keith

I am out of GIGM 13.35 fo 466.00 profit

Keith

Will look to short maybe tommorow or Thursday.

Keith

CAEI possible gap open in AM

Keith

I want to know why all my trades look very clear, good or bad in the "rear view mirror" ?

dude75

ERII, anybody jump in @ end of day?

marketGirl

i love you getshorty.. i wish i knew this sooner...come on timm pack your bags and move to Vancouver...we have the Best sushi here....and guess what no SEC rule...just varified it with TOS trade desk...there is no stupid daytrading limit :)

bestdeception

So apparently most people here are long GIGM, and not short? They've had a big run over the last 3-4 days. Anyone short now after today's run?

getshorty

My pleasure girl, good to know I have a couple of fellow vancouverites here.

JeffMoates

deception, More than likely I'll be short tomorrow after the $14 mark.

Ryan

marketGirl, you are awesome on VVUS call! I am in. Also bought ERII at the end of the day, I don't think ERII is done yet. Waiting Superman to post a great article on ERII on his website.

dude75

Glad to see others are in ERII... Hmm, I wonder if a US resident can get a Canadian TOS account if working out of Canada...

tsl

how do the taxes in canada compare to the us when making daytrades?

shipbreaker

Anyone playing TGC on the short side? Got in @2.64....wondering how low it could go.
Signed up for the alerts today...looking forward to it.

Pumacom

+220 on VVUS
+180 on ALTH
+200 on HALO
-100 on ERII

I was a pussy like Tim and sold my 500 shares at $11... looking forward to the next call though. Holding some VVUS and ALTH for the gap up tomorrow... both broke through at least 1 year resistance (5 year resistance for VVUS) today and should show up on a lot of scans tonight...

timothysykes

new post:

http://www.timothysykes.com/timsykes/2008/07/08...

marketGirl

You are welcome .. I was vvus was a great pick

Jerry

Hey bud,

honestly, how do u make a living trading a USD 20k account producing those numbers?

timothysykes

Jerry, do some research, I trade this small account not because its all the $ i have but cuz i wanted to go back to my roots to show people with similarly sized accounts EXACTLY how to build the up to make this game more understandable to everyone. raking in just over 30k/month now in book, dvd, advertising and subscription sales and its growing/nearly doubling each month...gotta love this joke of an industry for forgetting to teach the little guys!

Jerry

Ok Tim that's what I thought, and no offense meant.

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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)!

Join TIM

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%)