Why You Should Never Take Advice From Anyone aka Learn The Game Yourselves You Fat Lazy American Slobs!
Posted by Timothy Sykes on Fri 8th of Aug, 2008 05:15:24 PM
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Got this emailed to me:
Over the last week I learned a few valuble leassons, and came to the conclusion that CNBC is full of S@#*%!! I have 8,000 in my account and trade pennystocks, i swear by Tims dvd and broke a few rules… I bought a real company and held for a week. Im scared to hold for an hour but yet I went along and held a stock for a week. Fast money was pumping it and I thought it was a good play. Turns out EMC is a piece of crap and so is the Fast Money crew.. I bought EMC at $15.54 on a Thursday DURING AFTER HOURS!!! I thought with all the news and the pumping it would hit $18 a share. I went to bed praying it would hit $18. The next day I was down a small $300 and thought I would let it run.. I let it run alright I held over the weekend and watch this crappy thing drop and then rebound.. for some reason I was stubborn, I was reassuring myself with the message boards people saying it would hit $18.
On 8/5 EMC was having confrence about some new software and I thought onj Tuesday it would sky rocket.. well I was wrong!!! It just dropped!! WTF this turd of a company cant even break $15 and I think it will hit $18. Turns out Tim was right don’t play real companies, and stay disciplined… I brok all of the rules and relized Tim knows what hes talking about. Turns out CNBC i s full of liers, and pumpers.. Cramer pumps stocks, Fast Money are just full of S#$*, and real companies SUCK!!! So taking a $1000 loss isn’t the end of the world but knowing you could of controlled the oss SUCKS! SO now I need to go rewatch Tims DVD, reread his book, and really need to concentrate on pennystocks. I sold EMC at $14.58 and is now rebounding as I write this but what the hell… All I can say is STICK TO PENNYSTOCKS, and CNBC IS FULL OF S&*^!! THANKS TIM!!
Unfortunately, this is how most amateurs trade. This is why 90% of traders lose money. They hear about a stock on TV or from their friends or in spam or on a message board or from some piece of shit newsletter and they actually believe what they hear. They don’t question the motives of those who do the dissemniating, they can only think of the potential profits and how they must test it out to capture those profits…as if they’re floating in thin air and all one must do is invest a bit of money and then that profit cloud will come to them.
No.
No.
No.
Trading profits aren’t easy and you must question everyone–even me (although my 18 for 18 on my TIMalerts, average gain of 24% per alert, which performs even better the longer you hold them, think 3-5 days, instead of my 1-2 Kate-Moss-on-crack-like-induced-impatience, gives me a better track record than most.
Penny Stocks have always worked best for me–not ones I hear about, but by sticking to ones that have solid charts (as I detail in my PennyStocking DVD), but that doesn’t mean it’s the best thing for you. you gotta find what you’re good at, a niche that fits your personality. Like TV personalities buying fertilizer companies (since they know shit well) and holding until their Botox wears off and they’re out of a job. Or drug addicts buying into Pfizer Inc. (PFE) or Merck & Co., Inc. (MRK) cuz they know their products so well.
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 11 | IIJI | $2,79 | $2.95 | $442 |
| Nov 6 | CVI | $4.42 | $4.70 | $530 |
| Nov 5 | MECA | $3.68 | $3.95 | $490 |
| Nov 4 | CVI | $5.18 | $4.94 | $472 |
| Nov 4 | CVI | $4.83 | $5.01 | $333 |
| Nov 3 | NAK | $3.30 | $3.37 | $157 |
| Oct 31 | IDAE | $2.18 | $2.18 | $20 |
| Oct 30 | HSNI | $7.37 | $7.86 | $561 |
| Oct 29 | EVC | $1.97 | $2.70 | $1439 |
| Oct 28 | HSNI | $6.92 | $7.30 | $540 |
| Oct 28 | HSNI | $6.20 | $6.00 | $320 |
Total: $34,399 (177%)
I trust Cramer, I took out a 2nd mortgage on my house to invest on one of his picks. BAH BAH BAH BOOOYAH!
lost a thousand(including what i should have gained) today listening to a fund manager, hes right
Tim,
YTBLA was an awesome awesome alert by you:
YTBLA is one of the biggest turds I
“In Charts I Trust”
They’re the only things you can rely on and trust in this game.
Dude this guys a friggin idiot. Institutions and fund managers need liquidity to sell there massive positions. In other words they need suckers like you to turn on CNBC and fast money and listen to those morons tell you to buy XYZ stock so there cronies can sell there positions and take all of you lemmings money.
thats my email i sent to tim!! thanks so much tim!! guys its true…. CRAMER PUMPS HIS OWN STOCKS…please listen to tim…. all of u suckers who swear by him good for u… UR LAZY!!
Cramer’s a piece of crap. I feel bad for all the suckers who bought into SIRI as he pumped it as it fell all the way down to $2 promising it would go to $6 when the merger was approved, and then buried it when the merger was announced! What a cock smoker and a prime example of why you never take investment advice from some dipshit ringing buzzers and acting like a jackass on national TV. The same goes for anyone who ever bought a stock and let the morons on message boards like Yahoo comfort them into holding on to their stock while it collapsed. Always obey your own rules, do your own research and never let your losses surpass 3% on a trade!
I give Cramer 2 pts for getting a job on NBC and take 95 pts for being a bullshit artist, but hey he’s good at. I’m sure he’s made a profit.
As Jay Z said don’t knock the hustle http://www.youtube.com/watch?v=96sFW-3vGv4
10 years old, but you gotta love it.
The Tim empire is growing stronger by the minute. I’m glad to be apart of it, instead of part of the iddddddoooits.
Hah, sounds like words of another famous blogger I know.
Tim we need Live interviews from your students!
I was too down almost 3K by playing the fucking real companies…MER, WM, WB and Wells Fargo killed me.
penny stock rocks…Play on charts and Momentum…I am not an investor but want to be a trade…buy/short today..hold it for a day or two…sell/cover and get 200-300 whatever you get.
I have very small portfolio of 7k - 3K = 4K.
I don’t even watch CNBC anymore
Last time I watched it regularly was when they were in the bird flu phase and they pumped the shit out of every stock having to do with it….obviously they are all at their lows now and have all done multi million dollars of financing, I believe one was NVAX …….. BCRX etc
[img]http://ichart.finance.yahoo.com/z?s=BCRX&t=5y&q=l&l=on&z=m&c=NVAX&a=v&p=s[/img]
as you can see CNBC was all over stating the world was going to end as soon as this shit got into our food …… world pandemic …. 30-40M volume, many billions traded, unreal
You mean they talked about a stock other then Ralph Loren, the official clothing sponsor of the Olympics? That’s all i have seen when i flip to it.
investorlive…You rock man…Your blog and email scan is tops!!
longshort, exactly, you are rite on with your post!…Wells Fargo killed me as well…I don’t play those so called “real” companies anymore.
There were people on the message boards loosing 20k-30k on Chesapeake (CHK)…CEO was pumping, buying millions shares, and price just kept falling…ANALysts were pumping the crap out of that stock…Went from $74 to mid $40 in no time at all.
Read Reminiscences of a Stock Operator. It’s in slang of early 20th century, but you will never trust an analyst again. I need to stop going to Green on the Screen.
Hey guys a quick question
Have any of you ever seen Boiler room? GRATE F**** movie Ben Affleck that giant turd
Fellas, if it weren’t for Erin Burnett, I would never watch CNBC. Wow-ie!
Also, has anyone ever heard Cramer talk? His vocal tone and pattern sounds like he is either mentally burned out or absolutely billigarently drunk. I’m serious. I think his brain is fried and he is legally retraded. That’s not a put down, either. I work with a lot of disabilted people with retardation and I notice similar qualities — with Cramer.
NYSE companies are more manipulated in my mind because they try to hide how they suck with off-sheet bookkeeping. I recommend reading books on off-shore banking if you don’t believe these companies are hiding massive debt.
Atleast you know penny stocks suck. they can’t hide it. lol.
“Penny stocks have always worked best for me
http://tfpoi.com/2008/08/09/be.....st-9-2008/ Bernie Mac just died
>Fellas, if it weren
Cramer is just as corrupt as anybody else… the difference is he claims he’s for the “common investor”! He’s full of shit, he’s corrupt and he’s always been corrupt (not that there’s anything wrong with that)… the difference is, he won’t admit it!
And by the way, “the common investor” is fully to blame for following a dipshit like Cramer to begin with. Like I said before… anyone who buys based on some monkey with a buzzer deserves to lose their shirts.
I must have to admit I also was an idiot one who listened to fucking scumbag Jim Cramer and lost 94% by buying piece of shit==>BSC on that bastard Jimfuckbo’s recommendation.
The good news is I have recovered all my loss from BSC by listening to Tim. And made 44% gain after complete recovery from BSC loss. Though I am not a covestor member to prove this, but if anyone is curious, I can email all my trades with cusip numbers. Thanks Tim!
Cramer’s only value is the 1-3 minute spike he causes after the alert, you gotta be real quick on the trigger to get them and they have to be sold immediately b/c they will fall back. And they only happen when the market is green. Seen them zoom a few times like VVUS and COIN but you can catch them anyway w/o watching CNBC if you are glued to the hod list.
keeps i agree with you on cramer, hes an intelligent guy and teaches great through his readings