Blog Archives:
Why These Two Penny Stocks Should Never Be Bought Down Here
Posted by Timothy Sykes on Mon 2nd of Mar, 2009 03:05:30 PM
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I get emails all the time from people asking about whether to buy Penny Stocks as they collapse.
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More Useful Thoughts On The OpenTable IPO Than John Paczkowski
Posted by Timothy Sykes on Fri 6th of Feb, 2009 03:30:23 PM Sponsor Offer:
I use OpenTable often–I’ve even cashed in like $200 in gift certificates for my frequent use–and I’m not as dumb as most ANALysts/no-little-about-actual-finance journalists so that makes me qualified to give a solid opinion.
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StockTwits Investors Are Biiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiig Time
Posted by Timothy Sykes on Wed 17th of Dec, 2008 08:47:35 AM Sponsor Offer:
Remember when I announced my investment in StockTwits waaaay back….a few days ago?
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Why AgFeed Industries Inc. (FEED) Is One Of the Worst Companies Around & How I Knew
Posted by Timothy Sykes on Sat 4th of Oct, 2008 09:46:05 AM Sponsor Offer:
You might remember over the past 7 months, I’ve written some pretty negative articles about FEED, “Those Hypesters Are At It Again“, “Pirates Pretending To Be Pig Farmers” and “The SmallCap Pump & Dump Capital Raising Game“.
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Now That They’re Dead, 5 Things You Coulda Done With Fannie Mae (FNM) & Freddie Mac (FRE)
Posted by Timothy Sykes on Sat 6th of Sep, 2008 03:46:02 PM Sponsor Offer:
Now that it looks like these monstrosities are being put to death by the government (see article HERE), it’s fun to write in hindsight…here were your options:
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Mogulus Raised Some Dough, Will Make LiveStock Better Starting Tomorrow 1-2PM EST!
Posted by Timothy Sykes on Thu 31st of Jul, 2008 04:42:31 PM Sponsor Offer:
Congrats goes out the entire Mogulus team–before they were just the nicest peeps with the industry’s best online video streaming service, now they have a giant investor Gannett who will probly buy them out in time. See the whole article HERE and understand this means LiveStock can now get all fancy and high tech on yall
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Attention Bank of America Corporation (BAC) & Wells Fargo & Company (WFC) Customers: Hopefully This Ain’t You!
Posted by Timothy Sykes on Thu 17th of Jul, 2008 12:02:01 PM Sponsor Offer:
Basically anyone with under $100,000 in cash in a bank is protected by the FDIC and considering the FDIC has never stiffed anyone–at least not yet, IndyMac alone took out 5-10% of its reserves–most people feel pretty safe. As you can see in the video below of IndyMac customers trying to get their $ out, there’s some definite anger just below the surface, but for now, this is what it’s like when a bank fails:
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Why I Shorted Turd Of A Company PokerTek, Inc. (PTEK)
Posted by timothysykes on Sun 8th of Jun, 2008 08:57:05 PM Sponsor Offer:
If you’re familiar with my short-biased PennyStocking trading strategy, or watched the latest episode of LiveStock (in which I detailed this setup), it’s not hard to tell why I shorted 1,000 shares of PokerTek, Inc. (PTEK) at $4.69 right before the market close on Friday.
Not only was Friday its first down day after 5 straight—agonizing for early shorts, opportunistic for later shorts—up-days, after a blatantly-obvious-typically-bankruptcy-coming-type 50% mid-month drop in May, if on Monday we get a morning panic (which seems likely considering Friday’s price action with hugely fading volume due to the gradual realization by bitter long-term shareholders realizing they’d better take this bounce as an opportunity to the hell out and aggressive shorts to get in) that takes out Friday support of $4.50ish making $4 a likely downside target, which if the sellers can take out the probable stop losses there brings up $3.80ish, if you take a look at the reasons for the runup, you’ll see it’s no different than f#@%ed-company-last-chance-at-raising-capital-through-hype-type plays like IPIX, CAFÉ, VION and eerily-similar VRML of the past, all of which had been great piece-of-3-day-old-smelling-dung-type stocks to short into these message-board-rumor-floated-fueled-type plays.
Barrons Is The Latest Old Media Company To Be Proven Obsolete
Posted by timothysykes on Sun 18th of May, 2008 01:15:38 PM Sponsor Offer:
Remember about a month ago when I wrote those 2 posts (HERE and HERE) about the sketchy pig farmers over at Agfeed Industries (FEED)?
Their two financing deals, after a flurry of too-good-to-be-wholly-accurate press releases, set off my probable pump alert and even though I wasn’t playing the stock, I felt the need to warn investors about how the smallcap capital raising game works—basically you spend thousands on PR, giveaway a few percentage points to encourage scummy peddlers (better knowns as brokerage firms) do financings, schedule a bunch of PRs to paint the rosiest picture possible and then raise capital for your crappy biz at inflated prices, preying on investors’ greed as your stock is manipulated to surge higher, making these investors believe they are getting in on the ground floor of some amazing story.
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Pirates Pretending To Be Pig Farmers (Seriously)
Posted by timothysykes on Wed 23rd of Apr, 2008 09:45:53 AM Sponsor Offer:
Wow and I thought I liked money—the pig f#@!ers over at Agfeed Industries (FEED) raised another $25mil just 7 days after their first $10 mil plundering financing. The short time span between blatant dilution financings tells us now it’s gonna get interesting, a.) we’re def. gonna see more pig farm acquisitions (no doubt at the typical 2-5x income), which given soaring commodity prices, investors are gonna like (good short-term, but dangerous long-term aka why can they get them so cheap?) and b.) whoever bought these shares is even more motivated to turn this into a Wall Street darling telling clients and paying off/bribing getting others to tell their clients “with the Olympics coming up and food prices soaring, this is how you invest in both trends” (BS generalization).
Other than scalping, the rise is too gradual to warrant any shorting and if done right, this could become a great pump and dump story stock, meaning the potential upside is enormous…so respect the pump, buy if it suits your personality, don’t short too soon and never ever believe the hype. When this thing dies down—and it will eventually die, as 995 out of 1,000 piece of poo companies do (seriously)—its chart will resemble similarly flawed fraudulent microcrap lover of acquisitions ZVUE.
How To Short Sell aka What Is Short Selling
Posted by timothysykes on Sun 20th of Apr, 2008 06:09:26 PM Sponsor Offer:
With all the time I spend scouring the landscape for ideal trades, preaching against random market noise and for disciplined trading, I often forget to explain the bare bones basics. Starting now, this will change—every few days I’ll have a detailed lesson. Today, I write about my all-time favorite trading strategy: Short Selling, which involves betting on a drop in an investment’s prices.
So, how does this backwards-sounding strategy work? Ever hear the saying “don’t sell yourself short”? That means don’t believe you can’t succeed at something. Well, in Short Selling, that’s exactly what you’re doing—betting that xyz investment won’t succeed at increasing in value. Whether you’re betting against a stock, currency or commodity, you’re “selling that investment short.”
Short Selling is exactly like buying and selling the way that you’re only too familiar with except the order is reversed—you sell before you buy. The old adage “buy low, sell high” still applies, here it’s just “sell high, buy low”. What’s worked for me is to short sell when a stock goes up waaaaay too high waaaay too quickly on waaaay meaningless news and buy it back when reason pushes prices lower, back to reality.
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The SmallCap Pump & Dump Capital Raising Game: AgFeed Industries Inc. (FEED)
Posted by timothysykes on Thu 17th of Apr, 2008 08:45:08 AM Sponsor Offer:
What’s the ultimate goal of publicly-traded smallcap companies? They sell shares when their stock prices surge to raise the most capital possible. This morning, recent high-flyer Chinese pig-farmer (FEED) did just that, becoming the latest victor in the smallcap pump and dump capital raising game, raising a cool $10 million, selling shares at $16, less than 10% below their closing price of $17.40. What are they gonna do with this newfound capital—buy more pig farms of course!
You can look at this two ways—it’s great for the company that they could raise so much $ at such high prices—usually these financing deals are done at much bigger discounts, think 25%+. The capital gives them a shot at true business glory, even if the odds are still decidedly against them. Then again, it’s dilution below market prices—the rich get special deals—so this stock should open lower as poor people sell their shares—wondering how to buy stock 10% below market prices (hint: you either need to give the company a lot of $ or convince them you and your connections can and will pump up their stock price)
Don’t get me wrong, agri stocks are hot and this is a clear chart breakout so I have only two concerns:
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| 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 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| 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%)
