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This Is What A Penny Stock Scam Looks Like

Posted by Timothy Sykes on Mon 14th of Sep, 2009 05:30:45 PM
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You might have read my long ass blog post detailing why Genova Biotherapeutics, Inc. (GVBP) is one of the worst companies I have seen in my decade-long career as a trader and why I shorted, but because I know most penny stock traders & investors can’t handle complex concepts/analysis, I figured I’d simply things with the facts and a short video:

-GVBP paid $75,000 for 3 patents they claim will lead to hundreds of millions of potential cancer cure revenue

-GVBP said (in the same SEC filing that most penny stock people don’t know how to read) they acquired the 3 patents not because of any report or opinion but because the patents were in a popularly-financed niche of cancer research

-GVBP was a travel company last month…seriously

-GVBP has less than $50,000 in cash to develop their cancer cure and they don’t expect to raise $ anytime soon.

-GVBP or some shareholder has paid stock promoters hundreds of thousands of dollars to send out emails by the dozen, just like former pump & dumps like UOMO, CVRG, CGCA, SPNG, the list could go on forever, ALL of which have dropped 50% or more within a day or two once the dump is on.

-In my expert opinion, there is a high probability the SEC will be contacting GVBP soon, if they haven’t done so already…the press releases are just too exaggerated & the stock price manipulation too blatant…if the stock gets halted, it will get crushed when it re-opens, if it re-opens at all.

They had another fluffy press release after the market close and promoters will surely do what they’re paid to do, promote whatever the company tells them to because they’re getting paid hundreds of thousands of dollars to be spammer puppets, whether it’s accurate or not…TIMalert subscribers will know my thoughts on tomorrow’s price action.

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  • alvintantri
    OK... 100,000 shares to sell short but if there will be 10,000,000 shares to be bought then the short will be squeezed forcing the price higher. Your video only got 300 views (hahah... my video teaching to count 1 to 10 in german got more views). that's not enough to promote your shorting scheme.

    Timmy timmy... I just don't get it why you're so full of your achievement. it's all full of crap. Take SCLN.
    Aug 27 SCLN $4.49 $4.80 $1220 --> 31c/share meaning you bought 4000 shares.
    You called that perfect breakout???? Perfect breakout my ass!!

    You have 2500+ subscriber plus covestor trade follower. Say 1000 of your subscribers (half) followed your trade, that would have been 2000 x 4000shares = 8M shares. Now I understand why all the sudden the volume spiked multiple folds... it was TIM pumping it. so the 4.49 - 4.80 is not a perfect breakout it is a temporary pump. The next day when you're done with the stock and dumped it. 4.80 faded back to 4.40 on a high volume.

    I saw your trades on the right, you won 2-5% mostly. And mostly due to your subscriber following you, the price spiked, and when there are no more subscriber buying, you got bored and dump the stock, the price faded. Yet, what I don't understand is why so full of yourself. winning 2-5% with the help of 2000+ helpless subscribers is nothing to be proud of you scalpers (Ironic how you bash scalpers yet you yourself are nothing but a scalper). Post only your trade with 10%+ coz that's the real winning trade!

    I was impressed with you at some point during 2000-2005 when you won that millions without having subcribers as your 2-5% guaranteed win. But now... I don't love you no more!!
  • alvin, you incomparable moron, where'd u get 2500 subscribers from? your awesome research skills seem to have created that out of thin air...and yes, my videos get hardly any views because i have hardly any followers...stopw asitng my time, and learn to do research, u stink of typical penny stock trader stupidity
  • Alex
    Tim, why do you find it necessary to be such an ass? I guess I shouldn't be surprised considering how you treated your mom on the TV show "Wall Street Warriors".
  • Alex when you deal with the most fruaudlent companies and degenerate gamblers trading these frauds, u have to be tough...there's no unicorns and rainbows down here in penny stock land, just demons and hellfire...get used to it or get out
  • bullock
    Agree with Alvin,
    TIM Alert is a scam. He is the real STOCKPREACHER!!!!!
  • ryanfleisch
    Hototc.com has been compensated by a third party one hundred forty five thousand dollars for a one week GVBP advertising services contract. Hototc.com has been previously compensated by a third party one hundred twenty five thousand dollars for a one week GVBP advertising services contract which has expired.

    Monsterstox.com received ten thousand dollar for a one month profile of GVBP from a Third Party. We are currently negotiating for more compensation on GVBP

    ------

    Just a few disclaimers from the many promoters involved in this. Good call Tim - when these terms run out (most likely a lot sooner) you're set.

    Recently watched your Penny Stocking dvds - looking forward to signing up for Tim Alerts soon.
  • and yes SCLN breakout was perfect, all i aim for is to make 50 cents-$1/share...if u had research skills, u'd know that, but u dont so u probly believe pump & dumps like GVBP
  • atiss
    in the meantime you r losing 50% from your 40 cent entry.. why cant see a post about that
  • because you're not a subscriber to TIMalerts so u cant see that i averaged up or that it was part of my plan to be down a bit...you dumb-as-brick penny stock promoters/suckers are really just too funy...little people with little brains making assumptions LOL
  • because you're not a timalert subscribers u dont get to see my trades or trade analysis realtime http://www.timalerts.com
  • atiss
    well by now you got to be down 50% on the trade. be as transparent as you advertise yourself and put a post up about the emotional distress that your subscribers must go through when there savings disappear in hours
  • Name
    Well unfortunately, Tim probably had his biggest loss on this one. I don't understand why Tim would even enter the position at .39 on a potential gapping stock instead of waiting for a fade the next day. Especially when this stock is so hyped right now.

    InvestorsLive recommended this stock in the opposite direction and really nailed it well.

    Concerning front-running, really anyone with a large following could be pushing up a low float stock, even if it's unintentional. How could you otherwise post a potential play without having the possibility of 750 members (75% of TimAlert Subscribers) entering the stock.
  • AC
    Hey Tim, I'm really pissed off at all these losses (I only actually lost on one of them and while it hurt I am still very much in the game) but I will keep it respectful because I believe these were honest mistakes and you are still one of the most honest guys out there. But you have to start following your rules for your subscribers' sake. How are you going to keep promoting your DVDs and seminars when you don't even go by them? Getting yourself and your subs squeezed on the last day of your seminar deal, CMON!

    Your risk taking tolerance is getting higher and higher. You are refusing to take losses and move on but instead keep attacking the same stock. Chasing a stock price after it fell back down with support so close was reckless. Not to mention all this was occuring during a RODMAN RENSHAW CONFERENCE, never play stocks with news!?!?

    It may be a game to you, but for many of your subscribers your suggestions can lead to serious financial hardship. And yes, we ALL know this is for educational and entertainment purposes only!!
  • AC learn from my success, learn from my failures, never expect me to be perfect...do your own research and stop relying on others, wouldnt that be nice?
  • Ivan Libya
    What a douchebag to say that to a subscriber, willing to pay you his hard earned money. Just shows what a low-life scum bag you are. You might have been someone at some point in time, but you got bit, and bit big time, and now you panhandling your worthless DVDs, when in actuality, you pump and dump the same way as others do.
  • Sykes is a DBAG
    Tim...... I like your Jew-Fro!!!!
  • bullock
    I TOLD YOU...TIM IS NONE BUT A STOCK PREACHER!!
    HE MAKES MONEY FROM HIS SUBSCRIBERS. And, subscribers have to fight against other subscribers -- who is faster.
    When the stock is being pumped, by his subscribers, TIM gives alert ( SOLD THIS STOCK).
    He makes money over people lost
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Start Here

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.

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).

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.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

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%)