My First Yahoo! Finance / TradingMarkets.com Article: How To Short Sell Pumped Up Penny Stocks

Check it out right HERE. You’ll discover that when you write a brutally honest piece like that—without pay or motives considering I’m not short any of the stocks mentioned nor do I know anybody who’s short—you’re not gonna make too many friends in this joke of an industry. Especially down here in the gutter of the stock market.

Big whoop, I have too many friends already—it’s more fun to write for honesty’s sake, helping the unfortunate suckers who aren’t as experienced as me. That’s my business model and it’s gonna piss off a lot of the people who earn their livings by preying on those amateurs. Deal with it. If I do my job right, penny stocks and microcaps will become infinitely more popular because people will understand how to play the game.

Think of it as cleaning up SoHo so we can build all these nice shops and attract tourists in our neighborhood for once. I’m not trying to get rid of the manipulation—that’ll never happen—just trying to explain it so people can profit from it.  

• Continue Reading

Hey, Randall Lane, You Sick Twisted Son Of A Bitch, Remember Me?

Photo Of Randall Lane By Chester Higgins Jr./The New York Times

Note: Aside from the last paragraph this post is written following the journalistic style of Randall Lane—treating assumptions and circumstantial evidence as fact. It’s cruel, amateurish and immature—oh yes, I know—but that basically sums this guy up so in order to help him grow up, he must be given a taste of his own medicine.

To those who don’t care and just want stock picks—this is also a great lesson on how to pounce when your enemy is wounded, no different than the vultures who took out Bear or LTCM.

Last time Randall Lane, editor-in-chief of Traitor Monthly was in Page Six, he was attacking a small-time trader (me) because his magazine staff fumbled, disinviting me from their little party at the last minute after we’d been discussing my covering the event for MSN Money for days.

Clearly in the wrong, this balding bastard was forced to go on the offensive, charging my hedge fund’s losses were the result of my publicity hounding rather than bothering to research the matter like a responsible journalist might do (turning his nose up at the complimentary book I’d sent him weeks before that explained the situation in detail) and running his arrogant mouth off to the press, confident of favorable treatment due to his connected Forbes wife.

Now, just a few months later, the tables have turned as Lane himself was fired as publisher of the Player’s magazine by Lenny “Nails” Dykstra who called Randy boy out on what he’s becoming known for, trash talking when he doesn’t get his way: “If you want to fight, take me on. Don’t go behind my back and bad mouth me,” said Dykstra. “He thinks I’m going to buckle,” said Dykstra, referring to Doubledown President Randall Lane. “I don’t buckle - I go to war.”  

• Continue Reading

5 Penny Stock Trading Misconceptions

Thanks to my talent for self-promotion, I’ve been exposed to a crazy number of investors, traders and market theories. Here are a few misconceptions that keep popping up and are in desperate need of correcting:

1.You can’t short sell stocks under $5, you’re a liar and a fraud!

Ridiculous, of course you can! There’s no SEC rule against it, many crappy brokers just don’t allow it—hence their “crappy” title. If you want to learn PennyStocking, shorting low priced stocks is essential—that’s why I use Thinkorswim, I’m proud to do all my trading there—they rock!

2. Smallcap and microcap trading is a joke, if you want to prove yourself as a trader, trade large stocks, currencies or futures. Also, what kind of a trader is afraid to use leverage?

Thanks in no small part to the misguided, and ultimately harmful, teachings of yet another entertainment outlet masquerading as journalists, Traitor Monthly, many people think trading is about making the most, being the best and getting to the top the quickest. Screw that! Focus on long-term earning and learning—this isn’t a sport as your career doesn’t end when you’re 35-40 (it’s usually just beginning)—and look for high percentage profits wherever they might be. Yes, my niche will always be looked down upon cuz it’s unscalable and that’s just the way I like it.

All the smartest people ignore it so it’s an easier playing field—advantage me. I guess I’ll just have to console myself with annual profit potential of a few hundred thousand to a few million/year. Boo hoo.

And no, I’ll never use leverage—as these street peddlers are learning, yes, it can inflate profits, but it risks disaster. I’ll never advocate any strategy that risks disaster—short selling is risky enough as it is. Learn from the mistakes of the past—nothing is ever guaranteed…besides, if a strategy is worthwhile, the profits will be there and they’ll be hard earned and natural.  

• Continue Reading

Revolt Of The Untalented Financial Writers!

Many of you are familiar with Seeking Alpha articles–mostly because SA’s founder David Jackson did a great job getting his content onto Yahoo! Finance–it ain’t due to the quality of work! It’s more because the financial media circus is all about more content.

Breaking news, earnings, scandals…bleh blah blah, all the most active stocks must be covered and dissected by boring-ass stuck-up finance freaks, all of whom put together are less entertaining than a block of wood all while they consistently underperform the major indexes aka people who should have no audience whatsoever and instead focus on learning how to beat the market and not being scum-sucking fee-earning marketers who take advantage of the general public’s lack of market understanding.

So, it’s rather funny to me–and it should be to you too–that many of these wannabes are revolting against SA, angry they’re not getting paid for their efforts.

• Continue Reading

LongorShort Capital Earns Nickname: Pretentious Prick Capital, aka Matt Damon In School Ties

I try to give the LongorShort Capital (LOSC), aka Pretentious Prick Capital (PP Capital) some exposure (seemingly much needed) and instead the dude rips on me?!?! Doesn’t understand why I’m still relevant (uhhh maybe cuz I detail all my mistakes—something nobody else in finance does and I’m willing to answer any AND all questions just as I post 40%+ returns in 5 months?!?!)

What a pompous ass…so typical…(unsurprisingly, this rich daddy’s boy also guest writes for that other pretentious finance rag Traitor Monthly) Welcome to why I want nothing to do with the joke that is the financial community…this guy is an embarrassment to both finance and blogging—basically whatever he touches he dishonors—no doubt he went to an Ivy League School as they’re breeding grounds for these kinds of pretentious pricks…like Matt Damon’s character in School Ties

• Continue Reading