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How Fool.com Writer/All-Around Fool Anders Bylund Screwed Up Bigtime on MercadoLibre, Inc. (MELI)

Posted by Timothy Sykes on Sat 20th of Sep, 2008 07:14:14 AM
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I really don’t mean to make more “friends” in finance, but I just can’t help myself.
This past weekend, I was minding my own business, aimlessly typing in tickers of stocks I haven’t looked at in a while and I came upon an August 14, 2008 article “MercaoLibre Ain’t Worth The Trouble” by Anders Bylund (see article HERE) which included stuff like:

If you really want to own a piece of MercadoLibre, I’d suggest waiting a while until the company grows into its valuation a bit.

Never a fan of financial wannabe ANALysts, especially those who write for Fool.com, considering one of their guys’ who loved my book An American Hedge Fund and wrote a solid review on it, was rejected from publishing that review because it carried a positive bent on Penny Stocks—something that goes against Fool.com’s assumptions (proving what fools these guys’ really are), I began doing a little research, thinking I might catch good ole wannabe ANALyst Anders with his/her (is that a guy’s or a girl’s name—guess it doesn’t matter cuz all ANALysts can’t even be considered humans, otherwise they’d feel too guilty about all their f%^cked up calls and leave “the profession”) ANALyst foot in his/her mouth.

Guess what?

Right again—as usually happens when you assume a wannabe ANALyst guilty before innocent. Kinda like repeat murderers and rapists :)

Turns out just 5 months earlier, Anders was lovin’ little MELI in this March 3, 2008 article titled “Catch MercadoLibre Early” (see article HERE) which included juicy tidbits like:

The operating margin trend is the real story here. The company is accelerating the share of operating profits quarter by quarter, while doing the same in sales growth.

MercadoLibre is still a brilliant little company with oceans of growth ahead of it.

Patience is a virtue, Fool.

Don’t get me wrong, I have no problem switching views on a company—I do it all the time…but I do it based on charts, which after all tracks stock price action, which is all that matters to investors/traders.

Not when evaluating a company’s fundamentals and presenting the facts in different lights and not when you say “patience is a virtue” that sucked in longterm buyers and when you change your mind about the company’s story—even though the “operating margin trend” which you loved so much at first is still the f%^cken same (aka it never mattered in the first place you dumbass!), anybody who listened to you in the first place is now down 30%. (Oh, the stock market is soooo random, LOL)

That’s called being a fair-weather ANALyst and those who display such immaturity/irresponsibility/incompetence should not just be fired, but held accountable for the investor losses their lack of talent/insight has caused.

Anders Bylund, you and your kind provide the punchline to this joke of an industry. You should be ashamed of what your life has amounted to.

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  • Cletus
    MELI is a great stock to trade. Theres a recurring pattern in this stock and when it surfaces every few weeks in the chart the stock makes 20% moves long or short each time. I really don't like thefool.com at all. These people are just another cramer.
  • yes sir
  • marmaladeskies
    ahh timmay boy i'm sure you saw APWR jump friday, with intense buying pressure after hours (ok the mother of all short squeezes helped, but this chart is sexy). it never did go below 10, so i didn't buy your dvd :(
  • Michael B
    Dear Tim,

    No offense intended, but why is it when the media bandies about your claim to fame, that you grew $12,415 into $1.65 million over 3 years, you don't stop to correct them about how unbelievably absurd those kind of returns are?

    Warren Buffet, through his entire career, earned about a 30% return on investment and that turned him into the second most richest man in the world at about $62 billion or so.

    Your track record claims an annualized rate of return of 511%.

    It says you have a machine that turns $1 -> $5.11 every year, or $12,415 into $1.65 million in 3 years. You never try to present a fair an accurate picture of what this means. Why?

    If 511% annualized return were an accurate benchmark of your ability, you should be the richest man in the world by now. Starting in 1999 with $12,415, an annualized rate of return of 511% over 9 1/2 years should have grown into $66,672,275,113

    Yet you're not a multi-billionaire. Instead you're putting an extraordinary amount of effort into TV appearances, book deals, DVD sales, and subscription stock picking services. Everything but running with your gift of earning 511% annualized return.

    What drives you, Tim?

    All the best.

    --
    Michael B
  • scluded
    My point exactly. Tim is almost like an infomercial scam.
  • michael, u need to stop making assumptions, i'm not promising anybody riches, i just think people with small accounts can make stead profits and outperofmr everyone....its easy to make 500% with 1k, but there are limits in terms of scalability, as i preach again and again on the blog, dvd, everywhere u havent researched
  • Alex
    Tim has said many times that his method only works up to a million or two. Warren B. was such a genius because he was able to start with almost nothing, like Tim, grow it by trading, then value investing, then buying companies entirely. He invested in the best opportunites, like Geico, and avoided what could have been catastrophies, like tech stocks.
  • total_keops
    Michael B,
    there is a thing called scalability. This market and strategy is not scalable. There is a point where you become the house.
  • Fidelio
    Alex, Funny how you mention tech stocks as "catastrophies". While a large number of them have been dangerous, they can have the highest return you can make in ANY venture.

    Most stocks are a suckers game. That is the real scam going on here. Only a fool invests in stocks.

    Me personally, I would invest directly into software development or video game design.
  • Happy Ramadan to everybody. Why this web site do not have other languages support?
  • lukematt
    Mr. Bylund was the target of a polemic by Timothy Sykes (http://timothysykes.com/) entitled “How Fool.com Writer/All-Around Fool Anders Bylund Screwed Up Bigtime on MercadoLibre, Inc. (MELI)” in which he referred to Mr. Bylund as “wannabe ANALyst”, made jokes about his name “is that a guy’s or a girl’s name”, and concluded “Anders Bylund…You should be ashamed of what your life has amounted to”.

    Please allow me to inform you that Timothy Sykes is a hypocrite.

    After I discovered severe corruption at Eurostat, the statistical office of the European Union, I wrote a fully documented message detailing the allegations, which I posted on Timothy Syke’s website.

    In a very short time, my message was deleted. When I contacted Sykes, his excuses ran the gamut from “the file size was too large” to “the message doesn’t fit the theme of our website”.

    Timothy Sykes is not a prophet who exposes “manipulative forces at work in companies, the media, ANALysts, etc.” as he proclaims. Timothy Sykes is a liar who probably works *for* the manipulative forces as a facade of opposition.


    If you would like to receive a copy of my message about corruption in Eurostat that includes graphics, please contact me.

    Jeffrey W. Bowyer
    jbowyer@seznam.cz
  • Pallian
    Jeffrey W. Bowyer - YOU ARE A SPAMMER.
    If you post your bullshit on this site and spam our message boards with your crap - I will continue to delete your posts. Tim does not moderate the comments or delete the comments on this site - I do.

    Get your facts right before you spam on here and start accusing people.
  • lukematt
    SPAMMER? It is a very misused word. Deceitful people such as yourself use the word to censor opinions that you don't like.

    My message about corruption at Eurostat is true and fully documented.

    Why are you afraid to allow it on your site?
  • Pallian
    What on earth does your message on Eurostat got to do with Timothy Sykes and/or pennystocks?
  • lukematt
    >
    > What on earth does your message on Eurostat got to do with Timothy Sykes
    > and/or pennystocks?
    >

    1. Timothy Sykes claims on his website "I smelled opportunity...in detailing all the manipulative forces at work in these niches—the companies themselves, the media, ANALysts, promoters etc."

    However, when I posted a true and **fully documented** message about corruption at the highest level of Eurostat--hello, hello, the statistical office of the entire European Union--your website censored the message.

    2. The message about Eurostat **is** relevant. Nearly every day, the news media attributes a rise or a fall in the markets to some government-generated statistic.

    If the statistics office of the European Union is corrupt, then attributing market changes to those statistics is groundless.

    3. Your excuse about penny stocks is similar to calling me a spammer. It's an EXCUSE. (What does the TIM forum "Jokes" have to do with penny stocks? I like the forum, but if you intend to be priggish about relevancy, it should be censored. :-)


    In short, your failure to allow my message about corruption at Eurostat on your forums can only be interpreted as protecting the manipulative forces that are responsible for the corruption.
  • LOL my webmaster decides what messages are approrpriate, next time write a better post

    PS the jokes section is a time killer in between perfect plays, learn my strategy before u run your ignorant mouth, thanks!
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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.

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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).

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.

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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%)