Blog Archives:

A Summary Of My 7 Most Recent Failures

Posted by Timothy Sykes on Tue 20th of Jan, 2009 03:25:35 PM

Considering the obvious success of my TIMtrades–up 200% in the last year or so, every single trade detailed, TIMalerts–click the link and see subscriber testimonials galore and my instructional trading DVDs–detailing the strategies behind how my subscribers and I do so well, you might be surprised at how much I’ve screwed up lately
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LOL, So This Is What Mutual Funds Really Are…

Posted by Timothy Sykes on Fri 29th of Aug, 2008 04:08:01 PM

Thanks to BP, I saw this amazing tidbit HERE:
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How My Latest TIMalert On 4imprint Group plc (FOUR) Was Just Wrong

Posted by timothysykes on Tue 19th of Aug, 2008 12:06:50 PM

It always hurts when you’re wrong, but in trading, even in PennyStocking, you gotta come to grips with it. If you don’t, you’re not gonna succeed. Trust me, I know. I’ve had too many streaks of perfection and over time they start to screw you up in the head.

Like my latest streak where I was basically 21 for 21 on my TIMAlerts.

And even though the probable fraud FOUR jumped 10% over my entry price/TIMalert at $2.80ish, I was pretty much dead wrong when I sent out this alert explaining why I bought this stock (yes, I have and will continue buying probable frauds…when I think there’s upside…frauds can run up faster than real companies…just gotta be more careful in these situations):
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This Is A Message To My 1,200 Covestor Followers

Posted by Timothy Sykes on Mon 4th of Aug, 2008 12:28:38 PM

First, thank you for following me on Covestor (those who don’t can do it HERE), Covestor is hugely important in bringing transparnecy to this industry filled with liars, cheats and frauds.

More importantly, looking at my performance data below, aka how you would’ve performed if you’d been following my strategy/picks/trades,
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Two TIMalerts: Why I Bought Energy Recovery, Inc. (ERII) & Tried Shorting New Century Energy Corp. (NCEY)

Posted by timothysykes on Tue 8th of Jul, 2008 05:28:19 PM

Here are today’s trades, and almost trades, told below by the unedited emails that went out to TIMalert subscribers today (and subscriber’ registrations will be activated tonight for the TIMalert subscribers only members website (TimAlerts.com) that will/should be fully functional tomorrow with the near real-time posting of any emailed alerts and commenting capabilities)

(every one else, don’t worry, TimothySykes.com will always remain free and open, think TheStreet.com & RealMoney.com-type model)

Today, basically NCEY was unborrowable to short (did anybody get in on that?) and ERII broke out as I was wanted/expected, up $2 or 20% from my alert, but it dipped a bit first and since I suck at/have no confidence buying stocks, I took a quick $150 loss…I’d do it again cuz you gotta remember with my account this small, I’m all about safety first…of course if the Pattern Day Trading Rule wasn’t in effect, I could easily have gotten in again when it broke the $11.30-$11.40 area…but no whining because look at these subscribers testimonials (you guys matter infinitely more than my own little account)!!

“I’m up 1200 so far on ERII. Great pick!” –bestdeception

“made 200 dollar on ERII :)” –marketgirl

“$500 profit on erii…tim alert. i’m up $1400 in my first 2 days of tim alerts” –Jonescade

“Tim, thanks for the ERII….made about $800, easily could have been $1200″ –Aaron

“Hurrrrraaayyyyy, I bought TIMalerts yesterday for $29.95. I made $326 this morning on ERII” –Ron

“Made 250$ on ERII. Thanks to TIMalerts..Was tentative and opened 200 shares..still it worked!” –Seattle Guy

“I had only 500 shares, banked total $1035 from ERII (after comm. & fees).” –Ryan

10:15am:

i just bought 500 shares of cool water energy recent IPO ERII on the breakout at 11.29 (poor execution)…11 was previous high, 10ish was the low and its only been on the market for 3 days…over
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Yes, You Can See ALL My Trades Here:

Posted by timothysykes on Tue 1st of Jul, 2008 04:20:07 PM

By now, somehow I thought you guys would all understand that ALL my trades are open and detailed on the right hand side of this page, the TIMtrades button on the upper right hand side NAV bar or by clicking HERE. Don’t let the buy/sell price fool you, they’re mostly short sales, I simply sell first, then buy back later (for full definition of Short Selling, click HERE)

ALL my trades are fully detailed and you can debate them, ask questions, whatever, you will understand how I make money–that’s what Transparent Investment Management, TIM, is all about–full transparency (see press release HERE)

And to prove I ain’t lying–as most message board posters and particularly people selling an instructional trading DVD aka PennyStocking and real-time trading alerts aka TIMalerts do–my trading is tracked by Covestor (follow me HERE), a service that taps directly into my brokerage account and verifies all trades–so this isn’t one of the many BS sites where you write down whatever numbers you want, inevitably making yourself out to be great (to you twisted sick fools who do that, you should be ashamed…you learn nothing…nothing!)

For those of you who are new to the site–and there’s quite a few of you–it’s a project that
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Stock Stories: Similar Experiences Abound, Share Yours!

Posted by timothysykes on Thu 26th of Jun, 2008 07:12:39 PM

Sure my life is an open book, literally: An American Hedge Fund, but we all have interesting stories to tell. Lucky for me my big mouth means I get to hear a lot of ‘em and for that I’m forever thankful>

Here’s the story of one reader whose journey is scary similar to literally thousands of others who’ve contacted me—all made a nice profit on some tiny penny stock/s, naively thought the success would continue, lost it all or a bunch of it all, realized there should be $ to be made from going against the pumps. Sounds like you or somebody you know, right?

And those of you who have already read my book know that’s the basic pattern of my life—I’m just lucky/Forrest Gump enough to have everything aired on hi-def TV (and in 5 and soon to be in 9 countries internationally!) So check out this guy’s story and realize you are not alone…the key is we all continue sharing to help each other learn! You needn’t be afraid any longer…
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Guest Post By Tony Ellis: How I Turned My Two Best Trades Into My Two Worst

Posted by timothysykes on Sat 21st of Jun, 2008 03:25:07 PM

If you read THIS post about grad student Tony Ellis making over $50,000 in trading profits over the past few months entirely due to PennyStocking, you know he hasn’t just gotten lucky, he’s been dedicated. As I posted this morning, successful trading really is all about practice and learning time tested rules through your successes and failures, so in the following guest post written by Tony Ellis is quite an important one. He’s had a great run, like many who have already purchased my PennyStocking DVD, but that doesn’t mean he ain’t gonna make mistakes.

Mind you, my dvd only teaches a set of trading guidelines, what has and hasn’t worked for me…it certainly doesn’t have all the answers and actually is quite different for everyone depending on the student, experience level, risk tolerance, discipline and goals. Some things as Mrs. Gump says, “You’re gonna have to figure that out for yourself”.

In short, yes, I try to position myself ahead of big moves, but there is a reason why I’m so quick to take profits, allow so-far-successful-but-still-makes-mistakes-along-with-the-best-of-them
-awesome-for-sharing-not-only-helping-himself-but-others-too-which-rocks Tony Ellis to explain:
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I Actually Do Need Interns, Apply Below

Posted by timothysykes on Mon 16th of Jun, 2008 10:59:31 AM

Since I commented on the latest episode of LiveStock that I was looking for interns, I’ve gotten a few requests…so I thought I’d answer all the most common questions.
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One Of The Worst Trades Of My Life & Still A Solid Profit: Behold PennyStocking!

Posted by timothysykes on Thu 12th of Jun, 2008 12:24:06 PM

You know how I always say wait for ideal opportunities? Well today was one and while I made $700, I screwed it up completely—latest proof that if u stick to these kinds of plays, its sooooooooo tough not to make money:

When a piece-of-cow-dung-type company (just look at the chart, little research other than that needed) like South Texas Oil Company (STXX) spikes up…for any reason…you gotta get interested in shorting it. When similarly foul smelling stock promoter Lebed is involved, the BullShitometer goes off the charts and you just gotta reserve shares ASAP

Well that was the thinking that made me short 1000 shares of this stock yesterday at $4—mistakenly believing I got a good execution since the volume was pathetic and the bid was $3.40, I figured I’d scalp it for an easy 30-50 cents/share…unfortunately, the bid caught up and shorts like me got squeezed to the $4.50 range (thankfully the company is so bad, even stock promotion couldn’t get it up much more than that!). Displaying some newfound patience/conservatism, I controlled my losses and covered at an average of $4.22, a $250 loss, but not bad considering my impatience/stupidity at getting in in the first place (I love how several PennyStocking DVD students commented/emailed/IMed me I was wrong for getting in—at least I’m a good teacher!)
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Nobody Told Kentucky USA Energy Inc (KYUS) That They Were A Scam…LOL

Posted by timothysykes on Tue 3rd of Jun, 2008 06:11:57 PM

Seriously, check this absurd SEC filing out and try not to laugh…sounds like somebody’s getting investigated…

Form 8-K for KENTUCKY USA ENERGY, INC.

30-May-2008

Other Events

Item 8.01 OTHER EVENTS
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The Daily PennyStocking Roundups Begin Now!

Posted by timothysykes on Mon 19th of May, 2008 06:21:24 PM

Based on my book/DVD sales, email list and website subscribers, there’s now a few thousand of you out there who are playing these trashy low priced stocks based on my PennyStocking strategies, which obviously makes me Naismith-like proud. Don’t get me wrong, I didn’t invent making $ from buying and shorting these corrupt companies, I’m just gonna be the one to popularize it! Especially Short Selling these suckers!

Since there’s sooo many different players trading sooo many hot stocks now, I thought we’d have a daily roundup post like this that will benefit us all. Forget about just my trades/lessons and gains/losses, I want you guys to share your daily moves too! If we all share our thoughts/trades openly, everyone benefits and can better be able to adapt to the current environment/evolving patterns. 90% of traders lose $, so if we can reduce that number here to say 20-30%, we’re not only profiting, we’re doing something helpful/meaningful. (These kinds of posts are just the beginning)

So, this morning–no matter that I’ve repeatedly stated it’s wrong to short into a morning spike cuz they always go further than anyone expects–I broke my own rules and shorted, current Supernova-forming FPP. Even though it was a commodity play–which I hate–and an earnings play–which I also hate, emotion got the best of me as I shorted 1,500 shares at $3.92, expecting the wall of sellers at $4 to hold and for me to scalp my way to $300-ish profits rather quickly.

From the get go, FPP didn’t cooperate, holding steady near its highs, within 5 minutes taking out the 15k sellers at $4 and surging straight to $4.25….as this was happening, all its fellow oil and gas plays like PDO and MXC were making ridiculous runs, so FPP seemed the cheap way to get in on that momentum–aka the upside appeared bright.

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My Latest AOL Finance Article, Some Seriously Good Advice

Posted by timothysykes on Mon 19th of May, 2008 02:47:53 PM

You Can check it out right HERE

This was written last night and I basically nailed all the top percentage gainers today….too bad AOL didn’t publish it until 1pm, but that’s what I get for submitting a 2am article on a Monday as it’s there busiest day…

Best/most useful quote form the article:

For now, let these kids play-some are even good to play form the long side, if you’re willing to take on that kind of risk (not me!). Call them in from recess-or short sell them-only when it begins to get dark outside
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How I Screwed Up Shorting Cannon Exploration Inc (CNEX), Down 40% Today, While My Readers Are Making Tens Of Thousands

Posted by timothysykes on Wed 14th of May, 2008 12:33:41 PM

Where do I even begin on this one. Like my previous near-perfect call on fellow joke of a company pump and dump VRML, my readers made much more $ than I did. In fact, I lost a bundle shorting CNEX the other day at $6, admittedly too early/forced to due to the circumstances, covering at $7.20 yesterday, not wanting to risk a big-time gap higher/possible short squeeze today. Fortunately for me, there were shares available to short this morning so I reserved 500 and as I posted HERE, I planned on watching this one all day, shorting only when the pattern was to my liking.

After a slight gap higher, the buyers were drowned by sellers—we’re talking 10k volume here folks, nothing major—so I quickly placed an order to short sell with a limit of $7 when the price was $7.25 x $7.30…3 minutes later the priced had cracked big-time below my limit and it appeared I hadn’t gotten my execution. Damnit! Having been in this spot many times before, I knew it’s tough shorting into probable morning dumps so I lowered my limit to $6.50…nope, still no execution…20 seconds later and the stock was testing $6.
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How I Broke My Rules And Lost Short Selling A Fraud, Cannon Exploration Inc (CNEX)

Posted by timothysykes on Tue 13th of May, 2008 01:18:07 PM

Just about everyone and their mother understands Cannon Exploration Inc (CNEX) is a an outright fraud. Whether you look at PinkSheets.com displaying a skull and cross bones with the tagline “Caveat Emptor” next to its stock quote, its now $470 million marketcap (at $7.25 stock price), the blatant pumping by all the usual suspects and the fact that this company has no business of any kind and has now septupled (7x) in price in 5 days all due to a fluffy PR announcing a new website and a sketchy letter of intent to acquire a seemingly real business, no doubt in exchange for pumped up shares.

Knowing all that, you might understand why I shorted 600 shares yesterday at $6/share half expecting it to go higher—with the goal of averaging my cost basis up too—but never excluding the possibility of a quick $1-2 drop in price.

That’s all well and good, but as a PennyStocker, I have no excuse and my $760 loss (I just covered at $7.20), including commissions, is well deserved. Because while this company is scummier than most, it’s just the latest pump and dump that can—and often do—run further than anyone thinks possible so I still should’ve played by the rules I myself created! Rule #1, don’t short randomly strong penny stocks, you gotta wait for the price action to concur with your thesis. Usually it’s best to short into the market close of the first down day of a big runup, but sometimes that’s too late, so shorting in the afternoon when this kind of a stock goes from positive to negative often opens the door to a big afternoon dump.
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Lessons Of A Publisher/Video Blogger/Trader (In That Order)

Posted by timothysykes on Mon 12th of May, 2008 06:44:44 PM

Looks like I should’ve scheduled my video interview for after hours because I got back after the market close to find myself down 40 cents/share on CNEX—which practically guarantees a higher opening tomorrow (even if the bid is pretty much where I shorted), I missed on NNVC’s perfect afternoon 25 cent/share fade (any of you guys get in on that?), which shoulda woulda coulda been a solid profit on my 2,000 shares (reserved earlier).

And just to rub it in, I missed out on PDO squeezing the stubborn shorts (who obviously haven’t watched PennyStocking or else they’d be out looooong ago, as I was) into the market close (I saw the morning spike above previous high of $9, but I don’t like buying, let alone buying morning spikes), which coulda woulda shoulda been bought for a probable gap-up/possible big-time morning spike tomorrow.
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Trading Means Never Having To Say You’re Sorry

Posted by timothysykes on Tue 29th of Apr, 2008 05:04:23 AM

It’s trades like MXC that really make my blood boil. While PDO was a near perfect trade—even though I profited 30 cents/share, it’s now down $1.25ish just 1 day later (gotta love not being willing to risk it while traveling!)—as I posted, I never meant to enter MXC at all so this morning I just played it safe—as usual, lately—covering at the open at $10.50. Sure, now it’s already dropped down to $9.25 and this could be the ultimate top, but also at the open, somebody bought 10k at $10.80 and there was no telling if a big squeeze would be on or not and since it’s definitely not an ideal trade, I wasn’t about to double up.

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What My Friends In Town, Upcoming University Speech And Website Launch Mean To You

Posted by timothysykes on Thu 24th of Apr, 2008 05:31:45 PM

I can’t even imagine how Arrington copes. Right now I’m blogging, researching potential trades, executing trades working on the new site and answering on average 300+ emails/day (no matter that I’ve repeatedly asked you guys to ask questions HERE) and I still can’t keep up. I think I’ve spoiled you; nay, I know I have. So for the next week or so, you’re gonna have to deal with my crazy schedule, friends, university speeches (University of Minnesota whaaaaaat!) and the launching of THIS new site on May 1st because I’m gonna be overwhelmed. My apologies in advance.

The good news is that once the new site is up and running smoothly, probly in the next month or so, and all the lazy people inevitably choose summer fun over hardcore learning and research, everything will be back to normal—nay, better than normal cuz the new site has a lot of features to make this more understandable to beginners—so celebrate!

Just Who The Hell Do I Think I Am And Why Should You Care?

Posted by timothysykes on Mon 21st of Apr, 2008 01:50:08 PM

It’s astounding how many lazy people refuse to click the ABOUT tab on this site when they want to know more about me. Instead I get anywhere from one to three dozen daily emails asking me—since I have an answer every email policy, I’m beyond tired of this. Guys, chicos, if you want to know how I got started, what kinds of stocks I trade, how I made so much $ so quickly, my life is an open book—literally–An American Hedge Fund. Hopefully this post can save me a few emails so here’s a quick rundown of my journey and how I’m gonna help you:

-My obsession to become the best tennis player led to a career-ending injury senior year of high school in 1999. Since I’d already gotten in to college early and the doctors orders were to rest, I had nothing to do so my parents gave me control of my $12,415 in Bar Mitzvah gift money to play around with and I opened a discount online brokerage account.

-My parents thought I’d lose everything, but after concluding all the most popular stocks were too expensive / random for me, I became a penny stock day trader and turned my little account into $2 million by the end of 2004 (no leverage used). The first $1 million was pretty much all buying breakouts (I focused on chart patterns, little did I know why the charts were so perfect), the second $1 million was pretty much all Short Selling (when I discovered their charts were perfect for a reason, manipulation!). (Trades, strategies used and lessons learned are all detailed in my instructional dvd PennyStocking)
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Did I Do That? Pump & Dump Exposes And Revolutionary Finance Websites

Posted by timothysykes on Tue 15th of Apr, 2008 02:41:01 PM

With my CNOA pump and dump expose last night and it’s 25% tankage today, I gotta wonder:

Possibly, probly, who knows…too bad I wasn’t short the stock myself—gotta learn to short sell these suckers BEFORE I chop ‘em to pieces, a la business models of Citron Research and Mark Cuban’s ShareSleuth.com

Nahhhhhhhh a.) it didn’t fit my pattern and b.) it’s more fun to write brutally truthful articles about stocks in which you have no positions, you do it just cuz it’s the right thing to do

I’ll tell you one thing I definitely did do right, that’s hiring and tirelessly working with Pallian to design the new site, which is looking redonkulous! I mean the guy is an Indian Picasso, he should be called Ghandcasso or Picandhi. To you lucky 50, advertisers and bloggers, the beta invites are being emailed out, so def. let me know what you think—what you like and don’t like, the site is for you—and for everyone else, you gotta wait til May 1st and settle for clicking the little thumbnail below: