TheStreetSweeper.Org: There’s A New Sheriff In Penny Stock Land

Posted by Timothy Sykes on Sat 7th of Nov, 2009 01:55:58 PM

Tags:

Manipulation

Up until now, degenerates interested in learning about Penny Stocks had the choice between dozens, if not hundreds, of “free newsletters” (lthough bad information actually costs thousands of dollars per month) written by lying, unethical, read-their-sneaky-disclaimer stock promoters and little old me, the #1 ranked trader out of 35,000+ on Covestor (with 4 PennyStocking students in the top 10) who teaches people how to profit from penny stock hype & manipulation (as outlined in my instructional trading DVD packages, I’ve made millions, yes, millions…about $3 million now in the last decade…by buying hyped up Penny Stocks while they are being pumped and then Short Selling them when they inevitably turn into pump & dumps)…

Welll, now there’s TheStreetSweeper.Org, a new sheriff in penny stock land, one that digs much deeper into penny stock fraud and manipulation because they want to bust the frauds instead of profiting from them (yes, I need to help them see the light…it’s far better to profit from them legally by Short Selling them!)

Written by TheStreet.com alum Melissa Davis, a convicted penny stock felon turned good guy Hunter Adams and Warren M. Flagg, a retired FBI agent…yup, these guys are true fraudbusters, see all their bios and prepare to be impressed.

They were even nice enough to designate me a volunteer deputy.

Just a few days after I reported than TIMalert subscribers and I made $5,000+ Short Selling Atlantic Wind & Solar, Inc. (AWSL) (after laughing that the company is run out of a UPS Box), Melissa Davis wrote a great piece on AWSL.

You can and should definitely read her entire article, but below is the first half of it…very well done:

PennyStockChaser Hides Profits, Secrets from Investors

by Melissa Davis - 11/3/2009 6:01:10 PM

* Click here to start/join a discussion on this article or supply tips for future stories.

This June, shortly after PennyStockChaser announced that it had become the most popular website for “hot penny stock tips” in the business, the Internet-based tout sheet began dropping a familiar name that once carried considerable weight on Wall Street.

It listed Mike Schonberg – a name formerly attached to such legendary investment firms as Dreyfus and UBS – as its official contact person. Keeping with its secretive nature, however, the website stopped well short of offering any details about Schonberg’s professional background.

If Mike Schonberg is the same “Michael L. Schonberg” who tainted Dreyfus by investing client funds in risky Penny Stocks a decade ago – a likelihood that The Street Sweeper spent the past week trying to prove – PennyStockChaser may have kept its mouth shut for good reason. After all, Schonberg left Dreyfus with a reputation for using investor funds to pump up worthless Penny Stocks that he owned and ultimately sold.

PennyStockChaser appears to engage in similar practices. Already, during just seven months of operation, the young website has collected almost 200 million free trading shares in microcap companies that it was paid to tout. Although PennyStockChaser fails to disclose whether it has already sold those shares – shunning a practice adopted by more transparent firms – it could have scored millions by selling some of those pumped-up stocks before they crashed and left ordinary investors with big losses.

In early August, for example, the website highlighted Atlantic Wind & Solar (AWSL) – a company with no revenue, few employees and an “office” that apparently belongs to UPS – in one of its featured profiles. Shares of AWSL, which fetched 84 cents on the day of that report, rocketed toward $5 over the next few months before reversing course and losing serious ground. PennyStockChaser received 140,000 free shares of AWSL – worth $675,000 at their peak – for its favorable coverage.

Timothy Sykes, a former hedge fund manager with a keen eye for penny-stock fraud, suspected blatant hype and shorted 3,000 shares of AWSL ahead of its recent plunge.

“I still expect the stock to fall 50% to 90% from its pumped-up highs, in accordance with other PennyStockChaser pump and dumps,” Sykes wrote in a blog on his official website. An “SEC (Securities and Exchange Commission) halt is also possible … I’ve predicted three SEC trading halts in a row – GVBP, EMGE and SPNG – and this one is waaaaay up there as the next potential halt.”

The Pink Sheets, an exchange known for its lenient listing standards, actually stopped publishing price quotes for AWSL – and issued a “buyer beware” notice for investors – due to potential dangers associated with the stock. Even so, AWSL still sells for around $3 a share, making it one of the biggest gainers on PennyStockChaser’s “Past Winners” list despite its recent fall.

Trailer Park Trash?

Several of the stocks on that list fetch even less now than they did when PennyStockChaser first started promoting them.

Take Precision Petroleum (PPTO), for example. An early favorite of PennyStockChaser, touted when the website was still brand-new, PPTO portrays itself as an independent energy company focused on exploration and development opportunities throughout North America. According to PPTO’s latest quarterly report, however, the company has never generated any revenue and has just $1,316 in the bank to finance its big plans.

Like AWSL, regulatory filings show, PPTO also lists an odd address for its headquarters. Based on Internet-based satellites, that address appears next to possible outbuildings or mobile homes – on a barren piece of land – in a tiny Oklahoma community known as “Slaughterville.”

Nevertheless, PennyStockChaser wholeheartedly endorsed the company during repeated touts this spring. With PPTO rising to 86 cents a share in early May (but still down from the $1.50 it originally fetched three months earlier), PennyStockChaser described the stock as a target of short sellers that would soon “skyrocket” on positive news and intense buying pressure.

“We talk to PPTO management,” PennyStockChaser stated in a press release focused on the stock, “and they tell us to expect more good news in the coming days and weeks.”

PennyStockChaser then directed investors to (now-broken) links for press releases, hosted by a site called launchyourcampaign.com, about PPTO’s promising future. One day later, PennyStockChaser again touted PPTO and insisted that investors “should really read the PRs” located at launchyourcampaign.com for more information about the company’s potential. By doing so, PennyStockChaser treated those press releases almost like independent sources.

Based on Internet searches, however, PennyStockChaser and launchyourcampaign.com shared the same Internet Protocol (IP) number – typically linked to a single computer – until the latter site suddenly disappeared.

See the ridiculous number of linked research and read the rest of the story HERE

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fox

Say Tim I'm just an idiot here (will buy a dvd has soon I've get install in my new apartment),
but hunting down those pumpers and exposing them, won't it lower the future potential of the hype, hence lowering ROI by short selling them. I guest what I'm trying to say is by exposing them, aren't you digging your own grave ?? Aren't they like a necessary evil ??

Cheers Buddy.

timothysykes

there'll always be new pumpers, they're like weeds...i dont care to shut them down, i just want to teach suckers how to profit from the game since its rigged and what i teach is the only truly legal way to profit

fox

I do understand that there like weeds, nevertheless that should imply that that those new pumpers would be as effective as the previous one. If those news pumper are less effective, and you and thestreetsweeper start to scare every little wanna be promoter, not to do this cuz it evil and bad (and i do believe it be mean) well that going to reduce those pumper numbers. Hence making even your "truly legal way to profit" complete trivial. And next thing we know it back to portfolio diversification theology lol..

F.Y.I. I'm not a pumper, It's just i'm fascinated this eco-micro-financial-system, and I do understand you stand point here TIM, but there is two side to a coin...?

timothysykes

zzzz, not gonna worry about what could happen, just gonna teach what i know and let the chips fall where they will...i hope the eco-system does crash, maybe then i could get some sleep!

Jamalchahboune

I still dont get the obsession with fruad in Pennystocks. it happens, so what? id rather profit from it than waste my time writing about it. instead of becoming a deputy for their shittly little website, you should have directed them to your store and told them to make some $ and shut their moaning.

Carlos5

Tim let the system run the way it has been, you made your money let other people make money to. It seems like if people don't follow your system you don't won't them to make money

Carlos5

Tim I have been trading penny stocks for years but never shorted. To my understanding you have to have a lot of funds to short so your system isn't for everyone, but if people want to ride the momentum of a pump let them due it and try to make money, that's why their sites say do your own due diligence

timothysykes

u dont need a lot of $ to short, try $2,000...problem with people riding pumps is that they dont realize they are pumps and they rarely sell until its too late....shorting pump & dumps is much easier longterm as almost every stock mentioned on my site will go bankrupt or trade at a 1-2 cents/share a year from now

yngvai

I think what Carlos5 is referring to is the amount of cash you need in your account to short stocks under $3. You need $2.50 in cash for every share you short. So, if you want to short 10,000 shares of a 50 cent stock, you're going to need $25,000 cash to do it.

timothysykes

so short stocks over $2.50, yeesh, what a bunch of whiners....we got here, be happy htat there is a strategy that wins 80-90% of the time and that its teachable and replicable. u dont like it, go back to listening to an ugly bald man who is right 40% of the time

yngvai

Calm down, Tim. Who said I'm complaining about it? I'm just clarifying what Carlos5 said. A lot of pump and dumps never make it over $3 per share, so it's just something people need to be aware of if they want to short stocks under $3.

Carlos5

Yngvai thank you for your correction, that's what I was refering to. Tim what I don't understand is you talk so bad about pump and dumps but you make your money on the back end of pumps, so you are also profiting from this, but you want to attack people who are not doing it your way, which you make more money buy teaching and selling. You can't say only one side of it is wrong,both sides are

Carlos5

Tim your calling us whiners but alot of people aren't as successful as you and don't have alot of money to apply your system. Not that my opinion matters,but I commend you on you success

goergepennystockinvestor

Thanks for the article.For Hot Penny stock/Pinksheet picks, and daily video analysis subscribe on http://www.hypergrowthstock.com

timothysykes

stop spamming my site your piece of crap

timtheflamminghomosykes

you should use pennystockchaser.com tim, you know that they own your stupid flamming ass, since your a loser who made his $ in the tech bubble and than ran a huge hedge fund to the ground and pissed it all away, and is now dead broke so thats why u sell ur dvds, stop thinking ur an elite trader when all ur good at is spamming and tricking ppl to buy your stupid dvds which guys, are free on the net on torrent sites :) download away!!!
since psc made me some money i might as well give them a shoutout, www.pennystockchaser.com

timothysykes

said the guy who violates SEC rules and will probly end up in prison...PSC, why dont u join covestor and show us your amazing track record...show us your trades...show us your subscribers who are in the top 100...show us ANYTHING that disproves everyone's belief that you're a fraud, liar, thief and overall scumbag

attacking me and taking facts from 3 years ago shows your incompetence, good luck, say hi to satan

timskyesthequeer@queers.com

im not psc u homo so i dunno why u linked my name to their website, im just a normal trader whos fedup of ur ranting bullshit when you benefit from their promo, so pls fuck off and stop making yourself look like ur an angel.

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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)!

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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%)