This Is How Pump & Dumps Collapse:

Posted by Timothy Sykes on Tue 8th of Sep, 2009 10:23:19 AM

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REMEMBER: This special offer ends Friday September 11th, take advantage of it now because it really will make you a more profitable and knowledgeable trader…and you might have a little fun there too :)

On the back of news of a ridiculous 100-1 reverse split, Spongetech Delivery Systems, Inc. (SPNG) is collapsing 30%+ in the first 30 minutes of trading today:

Does it matter if the stock bounces or drops more…no, because I can’t find any shares to short and while the stock probly will be choppy, this drop is most likely the beginning of the end…(although I did short sell a company related to SPNG today, only TIMalert subscribers know which one that is).

I bring this up only to remind you who was first in calling this a blatant pump & dump:

REMEMBER: This special offer ends September 11th, take advantage of it now because it really will make you a more profitable and knowledgeable trader…and you might have a little fun there too :)

listing of the paid promoters, some of whom have criminal records, by which SPNG manipulated its stock price higher

management diluting SPNG’s stock aka looting it in a similar fashion to Sirius XM Radio Inc. (SIRI)

(and even though my TIMalert subscribers and I made 35% in one day shorting this BLATANT PUMP & DUMP the last time, I’ve taken a lot of heat since SPNG is a master manipulator, advertising their scam on baseball fields across America, even at the US open, sucking in the weak, greedy and gullible, forcing tens of thousands of people to hate Penny Stocks (don’t hate the game, learn it you weak feeble freaks!)

I beg those suckers who got crushed on this, please use my study guides to become better educated and actually profit from penny stock manipulation

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Related Reading

SpongeTech Delivery Systems, Inc. (SPNG.OB): TOLD YOU SO! June 12, 2009
Guess What Happened To That Penny Stock With The Two Largest Shareholders Named “Joe Schmoe” September 12, 2009
This Video Sickens Me [WARNING: EXPLICIT CONTENT] August 8, 2009

Geno

Tim, can you tell me how Hedge Funds Collapse or how Hedge Fund Managers Collapse? I think you know a thing or two about that. Do you care to share?

timothysykes

Awww little GENO is sad that his little pump & dump collapsed? Trying to take shots at how bad a hedge fund manager, too late sucker, i already did:

http://timothysykes.com/2008/03/28/obituaries-c...

next time, do better research and you won't be such a miserable person

daytrader951

R/S is the best thing that could have happened to this company. Long term investors havent lost anything by this fluctuation. Its funny how the worms (AKA Sykes) come out of the word work and say "I told you so". It prevents wanna be penny know-it alls like yourself from becoming involved in this company. You havent proven anything, except your worthless knowledge of the broader stock market.

timmy Sykes

Ok Daytrader, so with the 100 to 1 R/S according to the close today at 14 cents, You think that a share of SPNG one of the most Pumped Penny's in recent memory is going to be worth $14.00!!!??? Bro I am taking this fatpig down to $0.016. :}
Timmy Sykes is a gay and eats mens assholes. :} timmy I would like to meet you and punch you until your unconscious and then drop you off at your Home in FireIsland.

Geno

Good try Tim, but I'm referring to your own failures which you fail to mention. Your ego won't allow you to ever mention that you've been or done something wrong.

I'm not miserable and not worried about my SPNG. It will be fine in the long run. You do a good job of scaring these newbies away. I'm fine with them selling right now so thanks Timmy. We'll see who has the last laugh on this.

Geno

One more thing Tim. Since you're such a Pump and Dump expert can you please tell me of another Pump and Dump similar to SPNG? Can you also explain how I've been able to make 75K in profits on this with only 25K invested? Yes, that is realized gains, while increasing my position to a free 500K shares. Hum, maybe I should write a book and make a program. If you're getting $750 for your program on a 35% gain I should be able to make $7500. I also laugh at your 475% posted "verified" gains over the last two years as that is verified fake trading, not real dollars.

I'm not a total hater Tim. I do have respect for you believe it or not. You certainly are successful for your age. You have a following who believes in you. I however think everything you do is for your own personal gain. I think you do a lot of manipulation of people and their thoughts. But who am I to say that? I'm just a miserable SPNG Long.

timothysykes

verified fake trading? did u escape from the asylum? all i do is trade with real money, all i have to be is real and cut through all the BS...i'm happy you're up 75k, if u did research, u'd see i love buying pump & dumps too as its far easier...but u gotta know when the bubble's burst otherwise u go bust like 99% of penny stock losers. u'll understand in a few years

Geno

Tim I agree with you that 99% of penny stock burst. I also agree that a lot of penny stock investors do poorly because they hold on to long. I however think that there are some penny stocks that show long term potential and I think SPNG is one of them. Just look at their financials and there sales growth. You can't deny the growth.

You have said before that the sponges may be real, but SPNG management has a history of pump and dump. Can you show me some proof on that? I know management owns many different companies, many of them questionable in my book (Vanity Holdings or whatever its called), however even if you are correct about them having a history of pump and dump, maybe they want to make SPNG a legit company like they seem to be doing.

I don't see a downside to holding this long. Can you give me a valid downside based on fact? The reverse split will take them to NASDAQ. I haven't seen or ever heard of a pump and dump NASDAQ security, have you? If you have can you also give me an example of that?

I'm trying to get into your mind Tim. Help me understand why you think this is a pump and dump. I've read your articles in relation to SPNG and you give vague general statements. I would like specifics if you can share. Please don't give me the buy my program and you'll find out line. Let me into the mind of Timothy Sykes.

timothysykes

Let me make it simple: management sold shares to themselves at 40% discount, they dilute you to no end, they pay stock promoters millions, their auditor quit, they say they won't do reverse split and then they do, all while their stock is up thousands of percent. this will end badly. i talk to you like you're uneducated because any simpleton can do the research i've done. you're either a sucker or a promoter, either way, you're not interested in how pump & dumps work, you're blinded here...i have ZERO position i already shorted for my 35% one day gain, now its just about helping suckers...allegory of the cave

Anal Plug

Timmy, I keep pleasuring myself to your posts. did you short BONU like I told 2 my sexxyyummy man?

Ok well gotta go and watch your video again and well You know whilst i watch.

Sykes is Flaming Homo

Mr Sykes,

Can you imagine any of these Pennypinchers realize how bad they are about to get wiped out? Do they understand that this Product is a summertime thing and at that Washing a Car is actual hard work and NOT fun? Do they know that spending 14.95 Plus 5.95S&H can get them 4 CarWashes down at the local Carwash and actual have Pedro shine the tires for a few extra dollars. Gotta admit this is one of the Best Penny Pumps in recent memory. It has sucked people in as usual with the infomercials. god People are dumb. But your not,

Geno

Common Timmy, you give half truths. They dilute to no end? They are buying back shares. That is not a pump and dump. You say they pay stock promoters millions. Where is the proof on that. Their auditor didn't quit. There auditor had troubles so they switched to a reputable auditor. They never said they wouldn't do a reverse split, they said they'd prefer not to back in May.

Timmy I asked for specifics with legit examples. You gave me nothing but general statements. A simpleton would except those vague statements, but you proved nothing to me. I'm not sure you know what you're talking about. You have no specifics on anything. You are full of general statements. I'm much smarter then that Timmy.

Geno

I meant a simpleton would accept those vague statements, not except.

timothysykes

Actually if you learn to read my posts, I provided proof of promoter payment...I'd explain further but you need to learn to read first, come back in a few years

Geno

Wow, you still avoid the specifics on everything I've asked the last couple days. You aren't that good at debating someone with an above average IQ are you? I'd love to debate you in an open live forum. General statements have made you a good living though. You have nothing Timmy, absolutely nothing. You're a very funny man.

Geno

Tim, go back and read my posts. I challenge you to give specifics on several things and you give me nothing. I'm being civil with you buddy. I like good debate. I would like you to show me something that I don't know. I don't claim to know everything, but I do know that you are skating around answering my questions.

Geno

Another thing Tim you can continue to talk to me like I'm an uneducated individual and belittle me if you want, but that really doesn't help your credibility. I'm not new to this Tim. I'm not some first time investor who decided to jump in on SPNG based on hype. I have done DD on everything I've held long. I've bought some blatant pump and dumps for the short term ride, however most of my portfolio is full of solid large cap value stocks. Yes, there are still many of them out there.

Clint Clock

G-West, Your blog spot is funny and silly, you trying to be a ganstar with your shaved head or what kidd?
say what You want about Timmyboy he does not delete posts and that is cool with me, even know he is a dunce. BTW if you guys are not shorting BONU your all soft, 140million market cap for a bullchit company with zero potential of having revenue in the next four years, yes Short BONU

Geno

G-West? Shaved head ganstar? What are you talking about Clint?

Timothy YIKES

Is this REALLY your analysis of SPNG? That it was a pump and dump? Are you f'ing kidding me? Is this a joke? Do you even know what a pump and dump is? SPNG was trading at less than a penny 6 months ago and now it's 15ish.

I'm not saying that the company is worth a crap, but calling it a pump and dump is pretty damn stupid. It doesn't take a genius to see it, and you have absolutely ZERO insight to offer in this company. Seriously, why would I buy your ridiculous courses when this is how you analyze a stock. Wow, just wow.

I actually thought you would be a little more compassionate in this company because they do the same thing you do, they sell a shitty, pretty much worthless product and then advertise the hell out of it.

timothysykes

when promoters are paid to pump a stock and then they dump shares they were also given...that is a pump & dump. if u moron longs want analysis, go back and read my posts, i linked to SEC filings and copied and pasted from stockpromoters.com, i've moved on to new pump and dumps, i suggest u do the same

Geno

Starting today 09-09-09, watch SPNG outperform Timmy over the next year. Are you willing take that challenge and advertise it Timmy? Yes, you can advertise it as "Watch Tim Outperform SPNG over the Next Year".

timothysykes

Geno, i dont care how SPNG does, all i do is short when the promoters start to dump..everything else is guesswork...learn my strategy, stop wasting my time with your assumptions and ignorance:

http://www.timothysykes.com/store

Geno

Haha, Tim I have yet to disrespect you. People show their true intelligence on how they handle debates. When you constantly resort to name calling and personal attacks in a debate not only have you lost, but you show your lack of intelligence. I can't believe anyone wastes their money on listening to you.

If you're so sure that SPNG is a pump and dump then you should be sure that you can outperform it in the next year. You're not willing to challenge that, because you're afraid of getting beat by sponges and afraid that if you lost you'd have to admit you were wrong.

You say I'm wasting your time with assumptions and ignorance. I laugh at that as well. You have stated nothing but general statements and say that you explain on your other articles. I've read your other "articles" and you don't explain a thing. You use half truths and blatant lies. You crack me up man.

You may want to delete my posts buddy. You don't want your followers to see that you got beat by an "amateur".

timothysykes

I call you names because I'm busy and have no time to repeat myself over and over again...read through 1,000 blog posts and see how pump & dumps differ. SPNG is a blatant pump and the fact that u cant see that means u're blind, ignorant or lazy. whatever the case, i have laid everything out for u, use it and then get back to me.

PS outperofmr me, i could care less, if u researched me, or were capable of research, u'd see i want my subscribers and others to do better...until u start a blog, get dozens of daily testimonials and dethrone me from #1 on covestor, u're nothing but an internet troll and given your answers, your even less worth my time than most...

PPS not sure how i could have blatant lies when all i do is link to SEC filings and copy and paste proven payments to stock promoters. my god man, i pity u and your inevitable losses

Geno

I'll pass on your offer to check out your system. If this is the way you lure in potential followers I don't want to give you a dime. When it comes to small caps and penny stocks, I'll stick with Peter Leeds. His subscription costs less and is very solid. Not only that he'll answer your questions with intelligent analysis and not general statements. He'll even do it for free on his facebook for those who can't afford to pay. I'm a paid member as its worth the money.

timothysykes

not trying to lure u, i'm trying to get u to read my stuff before posting yet another ignorant message..i guess there's no hope for u..if u learned to read and click the little blue hyperlinks, u'd see that i backed everything up, but u refuse to read so i can't help u

Geno

Tim I read your posts and the 2 hyperlinks you provided. One was your excuse to why your hedge fund failed and the second was to your store. Hum, neither one of them answered my questions. Maybe its you who should learn to read and reply. It's ok though buddy. I'm going to leave you be now. You have given me some entertainment for the night.

timothysykes

ah so u admit u have a problem...readin the wrong articles doesnt help, i've written SEVERAL detailed posts on SPNG, find em and be enlightened

Geno

Timmy I did a little more research on you. Didn't you once say SPNG was a good company? What changed that that opinion? You loosing money by selling a long position too early?

timothysykes

SPNG may well be a good company, we'll never know, management has polluted the stock with red flags galore...u gotta learn a company and its stock are 2 separate things. revenues, profits and products mean little when u got all those red flags, again geno, i refer u to my DVD, where i've explained everything thats going through your little mind. i've indulged u long enough, either read through 2000 blog posts or 45 hours worth of instructional dvds, until then have fun with your stock that gonna perform the perfect Crow chart pattern over the next few years

http://www.timothysykes.com/dvd

Geno

Since you do such a "good job" explaining how pump and dumps work can you please explain how Basher's work? Is it true that Basher's don't ever bash a bad company because there is no need to? Is it true that Basher's short for two reasons, one being that they are shorting the stock and are desperate for it to go down and the second being that they want the price to go down on a good company so they can get in on the cheap?

Geno

I miss you Tim! Who is going to win the Green Bay/Chicago game tonight? I'm going with the Bears.

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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.

Determination to seek those probable profits out and know how in order to actually profit from them.

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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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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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%)