TIMalerts Review By Penny-Picker.com: A Very Interesting Take
Posted by Timothy Sykes on Sun 9th of Aug, 2009 02:00:18 PM
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Ordinarily I get excited when I see a review from a TIMalerts subscriber like this one HERE with the conclusions saying:
Tim Sykes is one of the few strait shooters out there and his Tim Alerts program at $50 per month is sure to make you money and a better trader. You won’t get rich but if you are investing $1k -$3 k in each pick you should make $300 – $400 a month. If you invest 10 times that amount you can make $3000+ per month. Of course there is risk, but with his trading tips the cards are stacked in your favor.
So I give a solid BUY for the Tim Alerts
But before the dude gets to that, he whines:
While his alert program will make you money, I still have a few nitpicks.
His sells or short sale covers often take you by surprise coming well before his targets. In his initial trade alert he may say this is a 2 or 3 day trade, but if the stock does not go straight down (or up), don’t be surprised if he sells very quickly taking a small profit.
The Timothy Sykes Effect (This one will get a whole blog post soon.) In short, the Tim Sykes Effect is a self fulfilling prophecy on low float stocks. For example, Tim gets in at $2.30 and sends out a buy alert. Tim’s followers jump in and move the price up so by the time you get the alert and take a minute for due diligence, the stock is now at $2.40. Then what happens many times is later that day or maybe the next morning the stock is not moving straight up and he issues a sell alert at $2.50 well before his target taking you buy surprise. Now you rush in to sell your shares and with all of Tim’s subscribers selling you get out at $2.45 for a small profit. The problem with this is Tim just made .20 cents a share (and he make sure he brags of this on his website), while you made .05 cents a share on the same trade.
Which leads me to #3: If you complain that his timing was off or he sold too early, he’ll tell you that you wouldn’t need him and you would know when to buy and sell if you studied his DVDs and trading techniques and then sends you a link to his product page. The only problem is all the DVDs are extremely expensive at $400 to $600. At these prices I have no idea if his DVD’s are worth the price.
And then #4. I would buy one of his DVD’s if I could find an unbiased positive independent review. All the reviews I could find are affiliates of his that get a percentage of every sale so they are sure to give his DVD’s a positive review. I really want to do a real review of a few of his DVDs but the price is so high it is hard for me to take the chance on his product. At first I thought I would use profits made from trading his picks, but I tend to only make $100 to $200 with the occasional loss, so a few DVDs would eat up all my earnings.
Constant up selling. If someone complains they lost money on a trade, they get blamed for not buying his DVDs and knowing the trade was on shaky ground. I can’t blame him; selling a $500 DVD is risk free money and has no short term capital gains tax. But reasonable prices in the $200 range per DVD would be great.
I responded:
Decent post but u have a few issues:
1. the DVD reviews are not all done by affiliates, just some of them…learn to do research:
http://timothysykes.com/blog/2009/07/02/timfundamentals-review-number….i-dont-know-ive-lost-count/
http://greenonthescreen.blogspot.com/2009/01/my-taketim-sykes-pennystocking-part.html
and the gift/curse is that once most people with websites watch the dvds, they love them and see that its REAL so they become affiliates…in due time, PennyStocking will go mainstream finance (whatever the hell that means), for now u can get in early
2. yes my DVDs will teach u to anticipate my trades since all i do is follow my strategies…not to mention i have a premarket watcjlist which basically lines up the trade ahead of time…only so much i can do to try to help and if u can’t afford them then u suffer the consequences, but never say i didnt offer to teach u…PS my dvd prices are the lowest in the industry…and the industry is a joke
3. of course i’m gonna cut a trade short when it doesnt go my way, thats my strategy! learn it and expect it
4. when i trade stocks like CHINA (20% winner so far), APWR(I made 5% but my call ended up being right for 30%), LZB (I took a 5% profit, but was right for20%) or JAZZ (and I didnt even trade JAZZ since i was on a train but when it broke through $5, it fit my strategy PERFECTLY as i said in many premarket watchlists prior and it was a 2-day winner on the breakout), if u learned the damn strategy, u could do faaaaar better than me…as it is, poor people will only make poor people money when they dont realize im not just picking stocks, i’m also teaching an entire strategy….TIMalerts is simply demonstrating the succes
And I’d like to add–lots of people bitch and moan about TIMalerts not being perfect. Welcome to why you gotta learn the strategy instead of just being spoonfeed picks!!! Some common complaints I hear:
-my broker won’t let me short OTCBBs or stocks under $5 (my instructional dvds teach brokers will)
-I don’t understand what a fakeout breakout, let alone what a breakout is (my instructional DVDs teach this!)
-the stock moves to fast (welcome to trading!)
-how do i trade part-time? (my instructional DVDs teach this)
In the end, all I can do is teach people through my personal successes and failures as trader…methinks the more you learn and study my strategy through the help of study guides like THESE, the better chance you have at succeeding in learning and profiting from my strategy.
you see me brag about $3,000, $5,000, $15,000 profits just about every day…well, this strategy is still new so a few years from now, I want you to remember these figures and realize a subscription to TIMalerts isn’t just about earning…it’s more about the learning…within a few years, I fully expect the profit testimonials to grow exponentially in size as the trading lessons my students are inadvertently learning allow for far greater profits over time.
PS No subscribers/student is gonna tell me how to run my businesss…if they think I’m gonna cut DVD prices to $200, just weeks after I RAISED prices to weed out those who shouldn’t be trading, well that’s just crazy/ignorant talk. I don’t care that this guy is one of my affiliates (I’m thankful!), he’s got a lot of things backwards, especially after all his whining, he acknowledges that TIMalert subscribers can make $3,000/month for a $50 investment. Sorry but Captain Obvious would like me to point out that if anyone does make $3,000 in a month, or two months, or three…then they can easily afford ALL my instructional DVDs with just a few good trades. The point is that there is real money to be made, there is not one other newsletter out there with as many testimonials or track record or transparency so I could charge 5-10x as much for my newsletter and DVDs (and probly should) and they’d still be good deals!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| 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: $98,094 (681%)
