My Conversation With A Shining Example Of The Dumb Masses, The Dumbass Michael Arrington Of TechCrunch
Posted by Timothy Sykes on Fri 26th of Dec, 2008 02:50:44 PM
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He might be an ass, but then again, so am I, so I guess all’s fair in blogs and war.
And as you’ll see from our conversation in he comments section on a totally unrelated post about Scoble’s Twitter/Friendfeed obsession below, he simply fell prey to the general belief that anybody who sells financial DVDs/advice/newsletters is full of crap.
Because you have to understand just how full of crap 99.99% of “gurus” actually are…but like the dumb masses he represents–which is possibly why his blog is so popular–he jumped to conclusions without doing the proper/any research….and God bless his little bird-brain, and God bless everyone else’s bird-brains–yup, each and everyone of you, God bless you all!–because without assumption-making research-lacking pinheads, the stock market would be a much more difficult place.
And if you have any intelligence whatsoever, if you can brush aside assumptions and emotion in favor of research and reason, if you can understand that in the stock market nothing is as what it seems…then you will have a distinct advantage over the dumb masses and the dumb asses like Arrington:
To back up my thesis, I present exhibit A, a conversation with Arrington, a typical “market player”:
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View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
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| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
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| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
Nice TIM. Exactly!! If you make money, you deserve the respect. If you can monetize it with web 2.0, even better. But then you went ahead and teamed up with a guy who won’t show results…….If you have a strong principle, stick to it. Cancel the seminar until results are proven. I think you are a good trader, good speaker, and keep crushing those blog fools. Until they beat 250%, you own them.
no i teamed up with shannon because he’s a good teacher…2 verrrry different things, i’m a better tacher than trader too…no shame in it…lots of good traders are shitty teachers and even more shitty trades and shitty teachers…brian’s gret at both, eventually he probly will come around in showing all results, right now its just an annoyance
Arrington comes off as arrogant as fuck
f*** all haters Tim…
I agree with Arrington. You’re nothing more than a got lucky for a while manager of a failed fund due to your incompetence.
i’d agree with u jake except:
a.) never really got lucky considering my gains are built hundred by hundred, thousand by thousand, very meticulous trading
b.) this year
c.) the thousands of testimonials from students who i’ve passed “my luck” down to
d.) my one big loss due to me ignoring the very rules i preach
bring it bitches, u got nothinnnnnnn
WTF!!!! yeah tim, ur h8trs are actually starting to piss me off as well…. i can understand the initial skepticism, but come the fuck on, they have NOTHING relevant to say, and they refuse to do the HW on u. when i first heard of u i though BS, BUT, like the non-retard that i am, i actually looked into ur shit, which was PRETTY FUCKIN EASY due to the 100% transparancy…. other sites make BS claims, spam you, and then hope u sign your money away. i’ve seen em all, and smelled BS on em all, but this is the .01% that is not crap. basically, ur haters are all feeble minded accountants, AND I HATE ACCOUNTANTS.
Ali- you just proved my point…. lemme guess, ur broke, live with ur momma, and can’t get a date cause ur fat and smell like a hot tub of shit. tell me why im stupid without being a retard, and i’ll give 100$ on paypal. i’ll be waiting……
Ali-
LOL…. it’s MY homework to understand why YOU can’t follow basic instructions and charts. im not tim, and im not even subbed to Tim bc i dont have the money, but ive listened to the guy and actually applied his VERY BASIC charting techniques to a demo account, and it works. technically, the stuff tim talks about isnt rlly new or super original (no offense to him) its just cut and dry, meaning that u can easily make money without getting tricked into buying useless shit like on other sites. BUT his stuff is good if u dont know anything about stocks at all (which apparantly most ppl don’t, seeing the level of retardedness i’ve witnessed over the past few days from the ppl on here hatin)
all im sayin is, YOU CANT GIVE A CLEAR EXPLANATION OF HOW IM STUPID. if its because hes a jerk, well good point, BUT WHO GIVES A FUCK I LIVE AND PHILLY AND AM SURROUNDED BY POOR KNOW-IT-ALL JERKS WHO OFFER NO USEFUL ADVICE WHATSOEVER… at least this jerk is makin me money and knows wtf he’s talkin about…..tim rlly shuld be payin me for this lol. dont know him just hate retards…
Why should Arrington respect you when you hijack a conversation and write stuff like “i’m the only honset guy on wall street”? He basically said you were spamming and are a little sketchy. The former as the above screenshot documents, is right on. Regarding the latter, I do think you are a little sketchy because you don’t always stick with your rules even though you let uneducated traders follow you in real time.
Calling Arrington a dumbass is unprofessional and un-called for.
actually tim, if u read my comment, it was dead on about the scoble post…arrington called me spammy, i reacted…and yes i am undisciplined/emotionally charged, not gonna be polite/fake for anyone although i am working on both
Why do you rely so heavily upon the fact that being #1 on covestor gives you credibility, but somehow don’t give a shit if shannon reveals his results? It seems out of all people you would be a believer in proving results, and have clearly chosen the transparent side of the fence. What rank would you be on bullshitvestor?
@Drezden
Because anyone can claim to be profitable and #1 in their domain, but have absolutely no proof. Covestor throws skepticism out of the boat. He is profitable and he is ranked #1 and has been consistent. I can’t believe how many ignorant idiots there are out there. I applaud Tim and all he’s done. Who else can say they started a hedge fund out of college. I wish I could.
“But it is your homework to figure out why we are not praising Sykes.”
Are you shitting me? It is not anyone’s homework to figure out why you’re hating on someone. If you don’t like someone thats just fine but if you’re going to try to flame someone based on fact you need to get your facts straight. Yeah Tim decided to take 12k again to show that he can do what he did before to make money and try to teach others the same system. So far he’s proven that it works. Repeating the same results can be done if you learn the system with his DVDs and trade for yourself. If you use TimAlerts you can learn a lot in real time as well as follow many of them if you get an entry close to his and cut any loses quickly. Its not ideal to follow anyone’s trades and has its own level of risk. But you have pretty good odds when the person is making almost 250% returns and has them confirmed and verified on Covester.
No not all of Tim’s money is in his trading account and he has others being held in long term investments like Gold and StockTwits. If you have reason to believe that he’d have a seperate trading account on the side that’s possible but what benefit does it have. The risk of going to Jail is a lot greater the the reward of having a secret side account making small profits. It would also put his 50k a month teaching profits in jepardy.
He’s not teaching a get rich quick scheme its simply an effective trading strategy that helps teach traders to find overinflated stocks and profit from them by either shorting them when the hype is gone or ride the hype and take profits before it busts.
Don’t bother accusing me of being Sykes as well. Anyone that’s followed the site long enough knows I am not and you’d just make yourself looks even dumber.
If you’re going to say he’s a failure because his hedge fund failed you’re just being naive. Yeah he fucked up his hedge fund banking on one companies hype and never tried to build it back up. It also helped him learn that his trading style is not scalable to the levels that a hedge fund needs to run at. This strategy is for making thousands a year and is limited by the availability of volume for the MicroCrap stocks that he targets.
well said YG, thanks for sparing me the time of writing the same!
Ali-
STEP AWAY FROM THE CRACK PIPE… u find me a guy with a 5000% return over the past year who isn’t BERNIE MADOFF and ill personally give u a bj……
This is interesting and show how honest he is.
http://valleywag.gawker.com/50.....h50-rigged