Blog Archives:

Why Am I Not Surprised: The Latest Trader Monthly News

Posted by Timothy Sykes on Sun 5th of Apr, 2009 09:38:13 PM

I’m just gonna link my old posts about Traitor Monthly:
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Why Gullible People Continually Fall For Scams, Written By A Madoff Victim

Posted by Timothy Sykes on Fri 23rd of Jan, 2009 09:05:34 AM

I saw THIS great article in the WSJ the other day…or maybe somebody sent it to me…I can’t remember, too much going on right now, mostly vacationing and working on the final bits of the TIMfundamentals DVD…either way, it’s a great read…
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If Madoff Might Not Have Placed A Single Trade, Guess How Many Bloggers/Message Board Posters Actually Trade

Posted by Timothy Sykes on Sat 17th of Jan, 2009 02:25:24 PM

Fascinating article I just read on Yahoo with regards to Bernie Madoff:
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Using Madoff’s Ponzi Scheme For Good, In The Spirit Of Napoleon Hill

Posted by Timothy Sykes on Sun 11th of Jan, 2009 09:05:41 AM

This is gonna help you get rich…I think…at least all you Napoleon Hill followers see to believe it will so let’s see if this works…
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Wake Up To This Christmas Present: An Interview With Bernard Madoff

Posted by Timothy Sykes on Thu 25th of Dec, 2008 09:00:47 AM

Merry Christmas everyone! Here’s my present to you:
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A Rare Inside Look At How Stock Promoters Work, Very Worthwhile Reading

Posted by Timothy Sykes on Sat 4th of Oct, 2008 12:51:54 PM

Today, we’re fortunate enough to have a stock promoter come forward and detail their shady dealings for the very first time. Reposted with permission from “The Dean” over at CollegeStock.com, brace yourselves:
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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

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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9/19 Is The New 9/11: The Day The SEC Terrorists Tried To Bring Down America

Posted by Timothy Sykes on Fri 19th of Sep, 2008 12:57:18 PM

UPDATE: Suck on this you SEC bastards, I just began pre-selling my brand new 6-hour ShortStocking Instructional DVD (learn more HERE) and it’s gonna teach everyone how to profit from Short Selling…legally.

Now that joke of an industry “bigtimers” like Cramer, Mish and Ritholtz are calling the SEC financial terrorists, see HERE, HERE and HERE, remember somebody beat them to it by several months…
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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

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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The Latest Blatant Spammer: Bald Eagle Energy Inc. (BEEI)

Posted by Timothy Sykes on Sat 6th of Sep, 2008 12:42:21 PM

A kind reader emailed me the gut-busting hilarious piece of spam you see below:
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If Citigroup Inc. (C) Has $1.1 Trillion In Off-Balance Sheet Assets, JPMorgan Chase & Co. (JPM) $400 Billion…

Posted by timothysykes on Tue 15th of Jul, 2008 11:04:02 AM

…and if these are the “most respectable” companies out there, I’m talking the most invested in/covered/analyzed by the SEC, ANALysts, the financial media circus, investors, fund managers–basically this entire joke of an industry, made infinitely truer considering it’s these meatheads jobs to do thorough due diligence (Fail!)–then can you imagine what all these other, lesser companies are hiding?

That’s right, I’m suggesting there’s a lot more bad stuff on the horizon (uh oh SEC, am I spreading false rumors? LOL…witch hunting pricks…yeah, what, come at me dawg)–not necessarily off-balance sheet crap, but who knows what evil lurks in the hearts of men? I don’t even wanna know what other sh%^ others are into…

Ponder this by reading
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Why They Should String Samuel Israel Up On Wall Street With A Note Saying “Fraud Isn’t Painless”

Posted by timothysykes on Thu 3rd of Jul, 2008 11:58:38 AM

Call it tough love. Leave him there long enough so the stench of his rotting corpse (still won’t be as bad as the stench of most living finance peeps—yeahhh can you say $330 billion auction rate securities catastrophe? Fraud lawsuits should be fun/illuminating) will pound home the point that if you cheat people—giving this once great industry a bad name—you will suffer the consequences. And it won’t be painless…Benito Mussolini-and-mistress-together-style:
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Yes, 99% Of OTCBB, Pink Sheet Stocks & Stocks Under $5 Are Scams, Schemes & Frauds

Posted by timothysykes on Sun 29th of Jun, 2008 03:53:56 PM

It’s quite funny to see/hear/read some people’s reactions when I say this, which is rather obvious to most. Most big-time Wall Streeters know this—that’s why they don’t voyage down here, most veteran traders know this—that’s why they avoid this sector like the plague, but amateurs, suckers and newbie traders have a hard time believing it.

Because they believe in the goodness of people. Especially polished-presentation-talking businesspeople. They believe people are honest. And fair. And just. Because they are drinking the Kool-Aid these companies so willingly spout day and night.

No.

Down here in the gutter of Wall Street—well, really everywhere too, but especially down here—people are dishonest. They craft lies, exaggerations and misinformation for their own purposes. They hide the skeletons in the closet, stuffing them down, until there’s so many they simply bust through the door. They are not your friends. They are not your family. They are not to be trusted. Even if they are your friends and family. Especially, if they’re your friends and family.

Because
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Yes, Spamming Penny Stocks Deal With Mobsters & Politicians aka Perf Go Green Holdings Inc (PGOG)

Posted by timothysykes on Thu 19th of Jun, 2008 01:47:45 PM

Is this really news? Those razor sharp wits over at the NY Post have come to that conclusion–I think we should upgrade that journalist’ paygrade up from $30k to $60k, razor sharp I tell ya! In THIS landmark article, reporter Zachery Kouwe (definitely email him: zachery.kouwe@nypost.com) unleashes a firestorm of how PGOG used former Governor Pataki’s association–he was bribed sits on the board–to pump up their stock price, while paying blah blah blah amounts of money to blah blah blah. Company denies knowledge of pumping…CFO used to work for the teamsters…Pataki believes in the technology (LOL Georgie boy, best read my book An American Hedge Fund, or better yet my DVD PennyStocking before you use that line/get yourself into trouble like this again)

As if any of this was something new! Change around the famous figure, crime family, company, stock price and dollar amount paid and you can understand the penny stock market for the past few decades!

Even more than
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Why I Bought Probable Fraud Hydrogen Hybrid Tech Inc (HYHY) & Think Its Headed Higher

Posted by timothysykes on Tue 17th of Jun, 2008 08:30:21 PM

Out of all the low priced stocks breaking out in all the world—and there were several BMB Munai Inc. (KAZ), Fieldpoint Petroleum Corporation (FPP), Capstone Turbine Corporation (CPST) and Beacon Power Corp. (BCON)—why oh why would I ignore all those real companies and buy 2,500 shares at $2.26 of this now $275 million probable fraud HYHY right before the market close? And then decide to write truthfully about it even as I hold shares overnight! (Suck on that people who say I pump or bash for my own interests)

Especially when we know this “company” had $68,000 in revenue last quarter—okay, okay, I’ll give it to them, they were profitable, but only because their expenses amounted to $9,000!!!!! Especially when they put out utter fantasies like THIS press release touting their technology which is “an add-on to diesel and gasoline engines where it significantly reduces a wide variety of emissions (CO, PM, HC, CO2 and NOx) while simultaneously reducing fuel consumption”
Especially when their magic box looks like a high school science project:
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The Latest Round Of Paid Spam Mailers

Posted by timothysykes on Tue 10th of Jun, 2008 07:16:10 PM

Hmmm, somehow I thought my detailing these sketchy paid mailers a few weeks ago might put a stop to the whole revolting process. Not. You can’t stop stock promoters, you can’t stop corruption, hype or manipulation….all you can do is profit from its existence.

Behold the latest round of the worst publicly companies traded in the world (courtesy of THIS great lil message board)–buy carefully, don’t short randomly, as spam stocks as a sector have been on fire lately…can’t even mention the company tickers as you gotta see these flyers for yourselves.
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Why The Pattern Day Trader Rule Proves The SEC Rivals Osama Bin Laden In Terrorism

Posted by timothysykes on Wed 4th of Jun, 2008 01:25:35 PM

Yup I said it. While making a nice quick 5+% American profit, or $350ish, in an hour on my LGDI trade a few weeks ago, my blood boiled over due to the missed opportunities caused by the SEC’s pattern day trading rule. And while I’ve attacked it in the past, there was no formal summary post that explained all my key points. Considering how many stocks are in play today and the fact that I am forced to ignore 99% of them, it’s time I unleash this fury.

The formal definition of this inane rule is HERE, and once you read it, you’ll begin to understand why I call it the Reign Of Terror Rule. In fact, I’ve got an entire category devoted to it as I’ve documented each and every time it’s interfered with my trading since I began TIM in November 2007.

Basically, if your trading account is below $25,000—as are the accounts of so many poor people out there—you can only day trade (meaning in and out the same day) 4 times per week. If you trade more than that, you get flagged as a pattern day trader and your account gets restricted because you’re considered evil, as most day traders are believed to be. (Yes sometimes you can trade a few more times than that—since its all rather gray area and the brokerage firms themselves despise this rule—but my point is there should be no limits whatsoever!)

Even though I’ve still got over $500,000 in liquid cash to trade with, I went back to my $12,415 roots specifically to draw attention to this injustice because most people, including industry big wigs, don’t even know about it. After all, the last time I had this little money, it hadn’t been instituted and I’m forever thankful since trading freedom allowed me to get rich.
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Why Getting Hacked, Like Losing Hundreds Of Thousands Of Dollars, Is A Good Thing

Posted by timothysykes on Mon 2nd of Jun, 2008 03:07:53 PM

Yes it’s true, I’ll explain. While I’m a cynical old (in terms of market experience) short seller whose seen frauds, hype and pumping galore and think 99% of Wall Street is full of truly soulless scumbags, I’m also a big believer in learning through mistakes. Just like that time when I lost a few hundred thousand dollars, our Sunday night hack attack by some shady Russian hacker probly hired by a stock promoter I’ve pissed off (I don’t know how considering I have nothing against stock promoters and if they thought about what I’m trying to accomplish, they’d see that making Penny Stocks more transparent and hence more actively traded will benefit us all) is definitely a set back—all FORUM posts, new subscribers, recent TIMbucks, basically anything that happened on this site from Friday-Sunday has been lost forever.
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Trust No Financial Blogger, Message Board Poster, Website Or Service Provider

Posted by timothysykes on Thu 29th of May, 2008 12:04:51 PM

Lately I’ve been seeing a ton of talking heads, bloggers and message board posters touting their winners and playing down their losers. It seems as though just about everyone is an amazing traders/investor as their skill/ talent is downright amazing!

I call BS.

Very few people in this industry are talented at anything other than lying, manipulating, promoting and cheating. Everything you read—and I do mean everything—is guesswork. Nobody other than Buffett knows for certain that their strategies and theories are correct, but in this game, you gotta appear confident at all times. Every day you have people picking random stocks and making wild economic predictions, always careful to position themselves as experts so as to ensure demand for their services and the income they can must from that delusion.

This is no different than the hardly-human-anymore-scumbags over at EliteTrader who lie, each minute, about their trades and lives as they are the kinds of soulless bastards that represent this joke of an industry. It’s downright detestable for we know 90% of traders lose money and that 70% of professional fund managers fail to beat the indexes each year, so people who spend their time writing and commenting about the market—just about always using some corny alias or afraid to link their Facebook profile—aren’t any better. In fact, since they waste so much research/trading time writing and commenting everywhere, their actual results are probly far worse!

Don’t believe me—good. Learn to distrust everyone and you’ll be better off.

(Of course, I do use my real name, am one of the top ranked on Covestor and detail my losses openly cuz they’re great teaching tools, but I have a different prospective than most. I also am profiting for my openness through my book An American Hedge Fund and instructional DVD PennyStocking)
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Behold The Incredible Shrinking Stock: Converted Organics Inc (COIN)

Posted by timothysykes on Tue 20th of May, 2008 01:30:24 PM

As you probably know by now, me no likie COIN. Not only is it a pumped up penny stock–in the truest sense–they’ve got less revenue than my publishing company BullShip Press (seriously!), sketchy promoters/PR people galore and a whole host of other problems I don’t feel like digging through because I value my kneecaps, but now, as PennyStocking DVD student Jeff “The Man” Rogers pointed out, their stock is the perfect example of a multi-month head and shoulders breakdown chart pattern, the most reliably bearish pattern there is.

Now, the pumpers/amateurs who are drunk on the company’s rather refined PR machine-induced Kool-Aid, are adding shares here, desperately trying to hold support in the mid $7s–the only problems are a.) given their naivety they don’t have much capital b.) the absolute joke of an earnings release the other day makes Dennis Gartman look like the fool/classy pump and dumper that he is and c.) as THESE charts show, this turd of a company is in the grips of the flip side of the Supernova chart pattern (can ya guess what product you can buy to hear me explain them all!?!?!), kinda like death/the SEC itself.
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