9/19 Is The New 9/11: The Day The SEC Terrorists Tried To Bring Down America

Posted by Timothy Sykes on Fri 19th of Sep, 2008 12:57:18 PM

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UPDATE: Suck on this you SEC bastards, I just began pre-selling my brand new 6-hour ShortStocking Instructional DVD (learn more HERE) and it’s gonna teach everyone how to profit from Short Selling…legally.

Now that joke of an industry “bigtimers” like Cramer, Mish and Ritholtz are calling the SEC financial terrorists, see HERE, HERE and HERE, remember somebody beat them to it by several months…

In THIS post I began calling the SEC, due to their oppressive regulations that go against everything this country stands for, Osama bin SEC. That was in regards to the absurd pattern day trader rule, but it’s really no different than this absurd ban on Short Selling. Kinda like a terrorist attacking the US either with planes or trains.

Sure, sure, you half expected this–short sellers are easy-powerless-friend-less targets, and maybe the SEC is right to try to stem the financial sector bleeding (or how about go full Big Brother and just confiscate all the possessions/earnings of incompetent corporate executives to pay off the debt they helped create), but all these industry peeps are upset cuz it goes smack against our whole free economy/market concept. Short sellers are upset cuz all their research/hard work/being dead on is for nothing as most of the shitty non-shortable 799 financial companies are surging 30%+ today.

The good news all the blogger/short seller whining and debating doesn’t mean anything–the blogosphere/shortosphere are both just as powerless as ever–and this has created some awesome trading opportunities, several of which TIMalert subscribers, who had access to my sprawling watchlist of potential plays (which only subscribers can see at TIMalerts.com) waaaay early this morning, have profited.

For example, Reaper’s made a few grand shorting NCT, HSWI and TRMP and Davey banked an easy $1,000 in profits shorting NCT. (I and others waited hours to try to get borrows on these and others like VSE/BPOP, but to no avail).

Wanna complain you couldn’t find shares to short? Or that when you stupidly bought into these squeezes you lost?

Don’t.

Welcome to the manipulation cake. It costs you nothing to try to reserve shares to short in these stocks that are practically gimmes and if you find shares and know what you’re doing (THIS has been know to help), it’s free money. If not, you’ve wasted a little time and effort, but you haven’t lost anything. Name another strategy with those qualities!

So enjoy it, the SEC may be financial terrorists, but they’re so incompetent, their attempt at trashing American ideals (freedom, capitalism) has failed and only awarded them the title of the most successful stock manipulators in history. (Although their manipulated short squeezes don’t seem to be very lasting and October 2nd will be here before you know it! America f%^& yeah!)

It’s funny/sad that while their job is supposed to be to prosecute stock manipulation, they’ve turned to the dark side and haven’t even profited from it (God knows they shoulda thrown the insider trading rule out the window and bought finance stocks for themselves, profited handsomely and increased their budget one-hundred-fold!) The financial companies better be giving them some nice stock promoter fees (where’s the disclaimer?) cuz they’ve done their job well, all other promoters should be taking notes.

Of course, the SEC does have the unique advantage in that they’re now the criminal, judge and jury all rolled into one so they can do whatever the hell they want. (Tip: promoters, you need to get someone on the inside, then you too can have the power…how hard can it be, doesn’t the SEC find its employees on Craigslist?)

God bless America! God bless financial corruption!

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Related Reading

How To Profit From The Latest Ban On Short Selling aka How To Legally Profit From Should-Be Illegal Market Manipulation September 18, 2008
Scapegoating Short Sellers Is Typical Wall Street aka Louise Story & The SEC Promote Ignorance September 17, 2008
See The List of Financial Stocks You Cannot Short & Understand What This All Means… September 19, 2008

Reaper

didn't make a few grand ... likely will end up only up $500 on the day due to other errors. Gross profits from HSWI and NCT only about $1k.

Reaper

Because I was slow. I also missed covering on the big panic on NCT.

alternative

what was the alternative?

you are arrogant, naive, young, and inexperienced on so many fronts.

you enter the big time financial world, and failed. Therefore, anyone who has great success, is a coke snorting, un-ethical, piece of shit. This is your arrogance coming into play. You must bring down those that had/have more success for you to accept the fact that you failed. Psychology 101---deal with it son.

The fed stepping in and SAVING the financial system is wrong BECAUSE, it fucks up your day. too bad. deal with it. The average American can now sleep because of it.

Question, since your are SOOOO wrapped up on terrorism:

If you had to give up SOME of your freedoms to prevent a physical terrorist attack that would kill 10,000 Americans so you could retain the MAJORITY of your Freedoms (mainly being arrogant ass hole), would you do it?

I have no problem giving up a piece of the free-market to return some stability to mom and pop in Tupelo, MS living off social security and the $1,500 withdrawal from their IRA.

You either have NO CLUE how this effects the average American or you don't care.

Either way, it makes you young, arrogant and inexperienced.

alternative

PS, I agree dis-allowing shorts was wrong.

should have brought back the up-tick rule instead.

I am just so confused as to why you cannot see why they did it.

Timothy Sykes

haha didnt fuck up my day, i love the new government created volatility/liquidty...i love that its also bound to fail, as all manipulation

alternative

answer the questions, timmy.

what was the alternative and would you save the 10,000 americans.

you have stated time and time again you answer ANY AND ALL QUESTIONS.

alternative

hey, tim, those two stiffs who sold SNDK to all their clients on WSW still in the buisness?

just curious.

Reaper

umm, this bailout doesn't save the people in Tupelo. They've already been screwed by MS, LEH, AIG, Bear Stearns, CFC, and everyone else who created the credit crunch. This bailout simply saves those who created the mess and who should be punished.

Omaggio

I guess alternative doesn't think people should be free to share there opinions! I appreciate Tim's brutal honesty and opinion. It doesn't mean there isn't another way to approach something. These company's are getting bailed out by us effectively! Grandma and grandpa in Tupelo are paying for this!! Just like all of us are! I won't just be paying for it though...I will be profiting from it!

alternative

please.

if you think for one second the couple I describe has been screwed by the head of the firms you mention you are CRAZY.

Next your going to tell me its the drug dealers fault your sister is addicted to crack.

The average TIM reader has 3 flat screen TVs, a house they cannot afford and a hummer.

Everyone knew they couldn't afford it. They gave people what you wanted when they knew they couldn't afford it.

NO ONE is innocent in this mess. A crack addict is just as much a piece of shit as the guy who sold it to him.

A person addicted to things they cannot afford is just as guilty as the firm that gave them the money.

Now, we need to get out of this mess. Dont give me this "They didnt understand the details of the loan."

Sorry: if you need regulation to explain you cannot afford a $700,000 beach front condo on $42,000 a year in income and no down payment--Oh yeah, and when you close, since it's 30 days later, we'll give you $100,000 cash out of the property....you know, it's appreciated some since you made an offer--you deserve whatever you got coming to you.

You need to stop blaming the CEOs. EVERYONE who participated is at fault. MAYBE 10% of the people really did think they could afford this stuff based on bad advice. Everyone else just believed what they wanted to hear.

LETS CLEAN IT UP.

alternative

lets see....$5,000 in taxes to me and all Americans, or 2 more financial firms going under, resulting in a 2-3 year bear market???

tim himself said AIG going under woudl result in a 2-3 year bear.

i'll take my $5,000 in taxes. i dont care what "freedoms" I give up in the process.

Tim doesn't care, because he will profit no matter what. he is smarter than you.

I do care, 'cause g-ma and g-pa down in MISS will get killed while tim makes his $$$.

you get me now, son?

Bob Dole

Comparing a day in which it became harder for you to make some quick money, to a day in which thousands of people lost their lives, is truly tasteless. 9/19 is nothing like 9/11.

Reaper

who was it who said that those who sacrifice freedom to gain security shall gain neither?

Anyway, plenty of home buyers were screwed by the rising house prices, even if they themselves didn't default or get a bad mortgage

Gordon

timmy - WTF? - a bunch of us were waiting for you today at 1pm on Livestock. dude, don't advertise shiit and then not show up. very unprofessional. go back to synagogue and learn to be a better jew. you'll never get guests if you do that shiit.

DT

My theory is we will see financial 's overbought followed by the hammer of short sellers and panic on Oct 2. That Friday will be down. Just watch

Timothy Sykes

godron, learn to read and u'll be all set, i mentioned theres no livestock in a post yesterday

DT

AIG insurance sector would not have hurt anyones insurance since all insurance companies are cross insured and guaranteed. However if AIG failed since they are prime brokers to many funds, yes meaning some hedge funds, a lot of people would have lost nearly everything since some of those monies are not covered.

Totally against bailouts for the most part, but AIG was a necessary evil

Gordon

timmy - sorry i missed that. i don't read every one of your posts. i'll try to catch it next week if there is one. thanks.

p.s. what's your favorite sushi place in NYC? i went to Koi a few weeks ago and was not impressed! i gotta go with Nobu or Ono.

Timothy Sykes

fuck koi, i like sushi seki and sushi yasuda

bob, both days, people who dont agree with american freedom tried to fuck with us

tim

Can you answer me this Tim...what function does short selling provide to an economy? Obviously, in a free market economy which you claim to love and cherish, long-term investments provide capital wealth for companies to invest in their companies so that they can grow and prosper, but where does that leave short selling. I can't help but see it as an opportunistic way to legally "steal" from a company. I ask this openly and honestly, tell me WHY short-selling should be a part of our free market economy?

by the way, hope all is well, haven't seen ya since the ship in fall of 02'

Timothy Sykes

short selling provides reason in times of hype and often uncovers fraud and manipulation....not to mention add liquidity...99% of the time they're losing and everyone;s fine, but when they;re dead on and winning, thats when people get upset

max todorov

wow.

A set of angry comments. Shortsellers provide a very valuable service. They increase liquidity at their own risk. When the stocks are overbought or pumped. It is the shortsellers who make the market more orderly. We add a bit of rationality during overexuberent times.

Gordon

i'm long the market to the tune of about $900k so i'm not a big fan of short selling, but i believe that short sellers play a valuable role in the markets - they provide liquidity and price discovery. naked short selling should be prohibited - but not regular short selling. best wishes and good luck to all.

DT

Question to those who think short selling is bad:

If short sellers drive down the price on a good company, if it was good, wouldnt buyers buy it at a discount squeezing the late shorts?

The problem on these companies was not the short sellers, its the fact that NO BUYERS came cause they saw the companies were CRAP.

The only buying is shorts covering

you cant EVER blame short sellers. Naked Shorts maybe, but not short sellers

vo

> The average TIM reader has 3 flat screen TVs, a house they cannot afford and a hummer.

Not this one. 1 old tube rear projection and an old 19" in my bedroom, I make the payments to my house that was purchased with a 30 year mortgate without variable interest rates, and I drive a Mazda 3.

My other "real Timmy" folks--what you sportin?

timalertsubscriber1

I got one up on you - I dont have no tv, just AM radio, and only one receiver in my garden studio in the deep ghetto....I drive whatever my boys leave on the street for me after they jack it...

Happy TIMsubscriber

Elite Trader

Someone on Elite Trader posted a 1 million dollar day.

Eric P
http://elitetrader.com/vb/showthread.php?s=&...

Direct link to his blotter.
http://elitetrader.com/vb/attachment.php?s=&...

taral916

The fouckin government screwed me again. I was short 2300 shares of BAC @30.40 overnight. Needless to say my trading account is gone. Sorry Tim but your alerts won't do me any good now. I'll have to cancel it.

thanks for your hard work

fxquant

What an effing anus! I am and have been an aggressive spec trader for more than thirty years but the bs and rumormongering of the past few weeks tops anything I have seen.

Screw the hedgies and ETF'ers. Nothing wrong at all with the short side but when either idiot longs or ahole shorts control the market only feces occurs and it gets flung on a lot of unsuspecting and undeserving folks as well.

Rot in a mouldering cell along with jerks like Greenspan, Gross, Soros and Kramer.

Timothy Sykes

taral, sorry to hear that, this is a prime example of why i avoid news related financial plays, good lesson learned

RudyMvp

I love to read Tims hate mail from folks! I swear they have to be bankers or people in the finance industry all pissed off cuz Tim is calling them out and calling them CROOKS!

But lets face it, for the most part Tim IS RIGHT! The banks handing out loans like candy on Halloween! Finance shows on TV pumping up stocks only to watch 80% them fall.

A lame ass simple moving average crossover system can outperform the "so-called" financial gurus on Wall St and TV!

The government stepping in like this has gone WAY TOO FAR!!!!! Maybe we should start calling our country the "USSA!" Ban short-selling? Thats INSANE!!

It wont matter though,,,the gov stepping in may have prevented a CRASH but all they really did was put a bandaid on a financial system that is going to take a decade to recover from. I will continue to invest in my companys 401k but i dont expect any gains for the next 10 years. Im still young so about all i can HOPE for in my 401k and Roth IRA is,,,keep contributing every week and by the time the next MAJOR bull arrives in the markets in 10 years,,,that i will have so many shares built up that i will make my losses back then. But im not holding my breath!

I just thank GOD that im not 65 having this happen! I feel for those folks.

P.S. Tim, keep calling em as ya see em! Crooked motha fuggahs!!!!

scluded

alternative is somewhat on track, and somewhat angry and off the wall.

But here's the real value in what he said -

Tim is smarter than all of you. he's using you all. your all a bunch of kids with petty cash following him around like he's paris hilton blowing you kisses or something. use your heads. Tims playing with your cash and minds. He's the shithead crack dealer, and youre all the pitiful crackheads. You're earnings are worth nothing if banks shut down, credit locks up, and the USD is worth .00001 pesos. but tim don't care, he'll wipe his ass with our flag and move to south america.

pilot

Sorry but I don't write a good english.
Before my comment about the terrorista attack from the SEC today, i wanna say than the last wednesday, i haved the honor from receive a intensive training with Timothy.
I recomend all the person than participe in this post, try to make this training because is one of the better training than i receive in this area.
Too easy in your explain, don't talk 6 hours of stupid literary words because he go directly at the point than discover in each person. With 4 or 5 question, he focus the training exactly in the point than you can need aid.
It was a great a very interesting meeting between us.
5 stars on recomendation......hehe.
In other idea....Do you think than the SEC toke i good decition in suspend the short selling?
This is a crime...What happen is some companies the stock fall for any reason? Who stop this fall? One that the principles of the short selling is to save some stocks to continuo to fall. We are the rescue's stocks man when make a short selling!!!!!
Why the SEC's stupids people than THINK to know about short selling, take this class of decition?
What is the turbulent business than they have?
It's a crime!!! The most greatest crime after the nazi made in the II world war.....
is my simple opinion and repeat my apology with my english

RudyMvp

Tim is USING US? Your kidding me right? I think ya back it backwards,,the financial HACKS on Wall Street are USING US! How many financial HACKS put up their trades for all to see? How many Wall Street brokers and money managers put up their trading record FOR ALL TO SEE? Tim is the ONLY one i know of that does that!

Also you call Tim "Angry and off the Wall." Welp, if your NOT angry at the Banks who single handedly brought down America this week,,then your freakin WHACKED! This economy is in BAD BAD SHAPE and its going to take ALOOOOOOOOOONG time to recover! AND WHY is it in such bad shape? Cuz of the crooked greedy aholes that TIM points out on a daily basis thats who!

If anyone is being used its the people that jumped back in the DOW after the governemt bailed everybody out! Nothing has changed! Were still up in debt to our eyeballs! I can just imagine the Brokers calling up their customers using every sales technique in the book begging them to get back in, "its okay to get back in,,the gov is gonna bail the banks out!!! Cmon buddy lets open up that checkbook and buy some good solid company stocks! Their CHEAP right now!!!" And those people TOOK THE BAIT!!! I wouldnt go long a STOCK with a 500 foot pole!

Heres the bottom line:
You might think hes a fucking asshole! You might think hes a young fucking prick that acts like a know it all! You may even HATE HIM!!
But all i have is 1 question, how many money managers and Wall Steet gurus put up their trading record FOR ALL TO SEE? "Bueller? Bueller? Bueller? Anyone?...Anyone????"

In fact, if Tim DIDNT put up his trading record for all to see, then this site would just be another dime a dozen BS stock market website that would be lucky to get 10 hits a month!

NOVA

LEHMQ went up 284.62% today
is this stocking gonna keep rising?
should we just keep buying the intraday breakouts?

Adam

SEC Considering Revising Short Selling BAN
http://www.bloomberg.com/apps/news?pid=20601087...

we're making progress... probably bc the media is full of people talking about how short selling is doing no harm and needed in the market

YngvaiMalmsteve

Hey, everyone, if you use TOS as your broker, I found a great way to get around the PDT. If your account is big enough, you can open another margin account with TOS, and then you can switch between the 2 margin accounts in the TOS software with the click of a button. It's pretty cool. So you could have 6 day trades rather than 3. But it's only worth it if your account is big enough to split into two. If your account is, say, around $3K - $5K, it's probably not worth it. But if it's $8K or more, might be worth it to split into two.

Timothy Sykes

new post:

http://timothysykes.com/2008/09/20/how-fool.com...

scluded

point taken.

I just dont see the value for any of us to be encouraging and furthering the drive of the USD into the ground. I love this country, just not its politicans and corporate leaders. There are other ways to make money on stocks and weed the assholes out without ruining the economy for middle america.

but Tim is a little know-it-all prick and yall are just playing with pennies here. oh - and i was calling "alternative" angry and off the wall, not your hero Tim.

jeanpaul66

http://www.traderdaily.com/column/1/23635.html
A nice analysis of the bullship the SEC is trying the feed us

total_keops

>Someone on Elite Trader posted a 1 million dollar day.
Some serious numbers are happening there.
95% BS, but the 5% is so much worth it.

Richard

" My friends if we had bombed Iran like I had proposed we wouldn't have a financial crisis like we are having today" John McCain

"oh yeah, and don't forget it's all Obamas fault..."

Market Research

Tim- well written description of the benefits of short-selling for the economy. I'm sending this link all over the place.

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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.

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Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

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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 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%)