My Huffington Post Interview & Why My Readers Will Soon Be Richer Than Me

Check it out HERE–it’s definitely a solid interview and it’s great when a reporter actually takes the time to make sure the facts are correct (yeah suck on that Randall Lane, I’ve got an article coming about you tomorrow!)

PS Even though I screwed up today’s perfect PennyStocking plays rather royally–although controlled losses well–my analysis was dead on, so I’m pretty damn proud and happy that many of you readers banked. Here’s a quick and dirty rundown:

PennyStocking student Davey and Mark shorted VRML around $4.60, Davey covering conservatively at $4.33, Mark still waiting to cover (as of the last comment saw). Ryan shorted some at $4.65 and $5, covering all at $3.70, posting a great comment “With more than $3500 made in a single day today, I am up 72.86% up in 4 months. All this credit goes to our number one Tim!!”

But the gains weren’t limited to VRML alone. Tony Ellis banked $1,200 on COIN, Shthappns banked on UFPT…any others, I can’t even keep track of all the comments today—so please comment about your winners–and losers–in this post so we can see how everyone’s doing! Last one to $1 million is a dirty Jew!

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Sykes’ Saturday Seven: April 19th, 2008 Edition

I’m never gonna be able to find exactly seven so here’s 7-ish articles from the week that was…

THIS blog compares me to a Duke basketball player—I like the piece on the whole—especially the point he makes, but c’mon Duke basketball is just evil—I’m not—UConn forever!

Gotta love that 5 hedge fund managers raked in over $1 billion each in personal earnings last year…America, f%#@ yeah!

Welcome to my site’s newest sponsor, Speedtrader, a broker that charges as low as $3/trade, has access to 30+ market makers and ECNs and is OTCBB and Pink Sheet friendly. Holy hell, I might just have to open an account and see what all the hype is about.

Guess what I’m saying at the end of this video:

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Good Financial Advice From Real Wall Streeters: Listen To Billionaires Over Journalists And Talking Heads

Here’s a great 3-part interview the man himself, Mr. George Soros, whose current net worth is north of $8 billion, all created through financial speculation. If you don’t know who he is, first be ashamed, then see his bio HERE. Then click the picture below to watch the pathetically unembeddable video:

Now that’s an interview! Always trust the views of experienced/proven-successful billionaires over that of the experienced-sounding but success-lacking journalists, marketers and talking heads who infest our great industry.

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Q&A With Timothy Sykes: Righting Some Wrongs

1. I love answering questions, any and all questions, but if you guys have questions about stuff like my strategy, my book An American Hedge Fund, my instructional DVD PennyStocking, basically anything whatsoever, please, please please post your questions in the FORUMS. Right now, I’m about a week and a half behind on emails and I get too many asking the same damn questions! (want more real-time updates, follow me on Twitter…my book is only sold online…no, I’m not gonna give you free copies just cuz you’re poor…yes, I am available to speak (that you can email me about)…no, I haven’t lost everything, I’m down 30% or 35% off my highs…yes, you can short stocks under $5, read the past 400 blog posts or so!) Forums make it much easier and I like getting all the info out there for everyone to see and debate. So keep ‘em comin’, gratzie.

2. As of April 1, 2008, Covestor shows me up 150% during the five months since TIM inception in November 2007. This is inaccurate. I’m really up 40% since then. Not too shabby, but I get too many emails about this. Covestor is a great great platform that the industry needs, but they only track people’s trades and investments, not their cash positions. Since I only trade 1-2 stocks at a time, leaving the rest in cash—as compared to the popular diversification route/scam involving dozens of positions and very little, if any, cash—my Covestor returns represent what would happen if I used 50-100% of my portfolio each time, instead of the actual 20-40%.

Considering how small dollar-wise my positions currently are and how much better my returns would be if I did go all in—maybe I should??! Nooooooooooooooo—that would be setting a bad example to all the newbies and kids out there. I’m trying to preach conservative (somewhat) short selling/ penny stock trading!

So, please recognize the difference, understand how awesome my strategy is, how not-so-great I am at taking full advantage of it and that my publishing business model is based on brutal honesty. I’m never gonna cheat at ANYTHING because even if it did get me ahead, a.) it’d be wrong and b.) I’d be risking my entire biz model! Get used to me making plenty of mistakes…they make make me just happy because not only can I write about them to help others avoid them later, contrary to the joke that is financial wisdom propagated by generations of snake oil salesman, frauds, liars, marketers and untalented and unintelligent bastards, mistakes are nothing to be ashamed of, the problem is not learning from them!

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Big Picture Barry Ritholtz Gives A Damn Fine Interview

I give the guy crap because he covers the most popular topics du jour, hasn’t been returning my emails as of late and for some unknown reason, still hasn’t received the copy of my book I’ve now sent him multiple times, but Big Picture Barry Ritholz is not only the world’s top investment blogger, he’s also 100% dead on about the blogging world and Adsense in this Yahoo! Tech Ticker Interview:

Key takeaways: Blogging success comes from being a hard ass, being opinionated and clearly expressing your points

Bloggers don’t have to be objective, we’re not journalists!

Financial journalism is a joke—journalism majors just report the news as they’re told, they don’t realize business/finance news can be skewed

I really gotta press home this last point, you should only listen to people who have continually proven their abilities to make money in the markets, their opinions matter, you can learn from the way they view the world, not the lemmings who report simply for a paycheck

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Zecco and FOX Biz Interviews And Some More Glowing Book Reviews

Andrew Horowitz, wealth manager, the godfather of financial podcasting, aka “El Podrino” and author of beginners-must-read-or-else-you’ll-stay-stupid-forever book The Disciplined Investor and I will be talking about our different strategies for this bear market in a Zecco/BlogTalkRadio sponsored podcast fiesta next Thursday, March 20th, 5PM EST. It’s free to listeners—you can even ask us questions live—but there’s also gonna be a televised Pay-Per-View event, check with your local cable company. Tim Sykes bomaye!

Listen to the promo and register below so we can send you annoying reminders the day or two before the event and then harvest your emails FOREVA. (I’m kidding, there will be no harvesting… just reminding)  

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A Solid Trade Executed During A Live Radio Interview

TIM $16,140, Up $134

I didn’t expect any trades today, but when COIN appeared in Barrons recommended by some “guru”, PennyStocking was on (crap company + fluff news + predictable chart pattern = my kind of play)!

If you’ve read this blog over the past few weeks, you know this stock and I don’t get along at all—I’ve had nothing but losses (which I cut quickly) trying to pick its ultimate top. I think it’s a horrible company, but the pumpers are deep and knowledgeable and when they managed to break the stock above a multi-week base between $9 and $12, no matter the hardcore research and anticipation of a double-top at $14, smart were the traders who switched off their emotions and adopted a long bias.

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Timothy Sykes On CBS Sunday Morning

Perhaps a little too simplistic, but I guess that’s the way it has to be for a society that watches crap like American Gladiator…overall not a bad piece, and with CBS added to the lineup, my domination of the major TV networks is now complete, CNN, CNBC, FOX, ABC, all videos are posted on Youtube, some are better than others. This show, seen by over 5 million weekly viewers, also featured Bill Gates, Warren Buffett, Kenny G and Suze Orman–not bad company at all…well, mostly. Let’s see what you guys think!  

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Some Saturday Morning Link Love & 5 More Questions Answered

Ever get that FreeCreditReport.com jingle stuck in your head? I do, that and the Hotwire.com one. Great, great advertising, they should be commended and linked to often. I even used Hotwire a few weeks back, they really were cheap. Anybody use FreeCreditReport?

Check out my new website’s first official sponsor…If you’re interested in getting your brand seen by 3,000 daily visitors, click here!

WallSt.net launches a new half-hour TV program, guess who’s in it?

A-Train Finance interviews me, you know you wanna click it!

More financial transparency? A good start, but not nearly enough

A SPAM-free search engine for financial blogs

Jason Leavitt of Leavitt Brothers does a really thorough book review of my book
Powerpoint Presentation and all! Among other things he says, “It’s a good book, it’s a fun read, it’s a light read”  

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Timothy Sykes Refutes Some Blatant Lies, Typical Wall Street BS

TIM $14,130, No Trades or Overnight Positions

Another quiet day in the neighborhood—ok, (APWR) and (COIN) spiked mid-day (TIM Lesson: never buy into mid-day spikes (especially in bear markets), wait until the afternoon; you’ll miss some breakouts, but you’ll also protect yourself from many random spikes/fakeout breakouts) —so after a somewhat wild night last night, I awoke around 11am to find 2 new articles written about me.

One, an interview by The Wall Street Transcript is hugely informational, somewhat boring and quite accurate. The second, by a retard (seriously), CHECK IT OUT, single-handedly proves my point that there are tons of idiots on Wall Street (lacking basic research skills) and soooooo much BullShip in this secretive industry that it’s sickening.

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We Have A Winner And Another Interview

AJ Deadlock of StreetSignal.com is the winner of the first official TimothySykes.com giveaway. Thanks to everybody who entered the contest, don’t worry, we’ll have plenty more contests, especially when the new site launches in mid-January 2008.

And, if you want to listen to me preach the benefits of financial speculation to one of Robert Kiyosaki’s Rich Dad’s Advisors, check out
dio.cfm/shows/Success-DNAs-Wealth-Talk-America/archives/topics/category/Wealth-Building.html”>my latest interview ! It’s pretty funny.

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Q& A Mailbag: 5 Questions With Tim Sykes

I’m a buy and hold investor and it’s worked well for me over the years, how much time does your strategy require? Can I do it part-time?

-J. Rosenfeld

Buy and hold is fine for the vast majority of people, but it’s not going to make you rich very quickly (unless you’re already rich). Finance is full of snobs and narrow minded people who believe they should only learn about non-specula
 

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The Real Wall Streeters: Howard Lindzon

Happy Thanksgiving everyone! ‘Tis the season to talk about what we’re thankful for—this year, I’m most thankful for the audience my wild journey has provided me with and stock blogging. That’s right, books and TV are great sources for edutainment, but it’s only through daily stock blogging that I’ll really be able to teach people about responsible financial speculation, the stock market and all the stuff that goes along with these fun subjects. I mean how else would I be able to share the details of soooo many stock trades to sooooo many in such an easily categorized and searchable fashion.  

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10 Questions for Tim Sykes

How were the ladies and the scene out in LA? You still there or back home for turkey day?

No time for LA ladies this time around—too many meetings and projects going on…took the red eye back this morning in order to make my debut on the FOX Business Network at 6:30AM (I’ll have the video up shortly)

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Tim, the market has been so brutal lately, I’m even afraid to look at my account! I’m down 25% since the bull run reversed back in mid October. Should have shorted huh?

It’s easy to look back and say shoulda woulda coulda, but in my experience, you need to simply focus on what works for you, be comfortable with your market exposure and take your losses along with your gains. Analyze your investment decisions to death and learn to filter out what doesn’t work in order to up your chances for success over time.

What is this mumbo jumbo I’m hearing that there is a possibility fed won’t cut rates come December? Will the market go under?

It’s definitely a possibility—who knows how many people are now expecting it and pricing it in, but these are guessing games best left to the POS talking heads who earn a living by never going out on a limb in order to keep their heads talking in the media.

I know you play pennies: did you catch DLAV.PK? I don’t play pennies anymore (bad experience) but I still watch from the sidelines. How do you catch such a runner? Do you just use a screener like microcapfeed?

Outside of my CYGT.PK disaster, I don’t touch anything below $1. My DVD, PennyStocking , focuses on trading strategies for stocks between $1 and $10.

When are you going write about the CYGT exhibit and IAAPA?

I’ll be working on this over the weekend—sorry, just been a ridiculously busy week.

Tim, good call on SMRT. Took your advice and shorted Nov. 15 at about $7.35, just finished covering on Nov.21 at an average of $5.88.

Awesome, that is part of the goal for this website—as I’ve stated time and time again, I’m not that great a trader, but I do do many things right. I saw SMRT and should’ve shorted it, but I underestimated how quickly it’d fall back to its lows. This is why I’m just gonna write about everything I see and you guys hopefully will do as good as or maybe even better than me.

Tim, why do you enjoy making a fool out of yourself every time I see another video clip of yours? Do you realize you’ve ruined your future in the finance industry?

Because I could care less about credibility and being serious/businesslike. You gotta understand how many emails I’ve gotten from people who praise me for being real and getting them interested in the stock market. Like Cramer, I’m gonna do everything in my power to help show everyone that finance can be fun, interesting and not as serious as most people expect.

I also don’t care for a future in the finance industry (as it is right now). Being prohibited from discussing my life’s work/job, advertising, admitting my mistakes, saying how I really feel—these are much more important to me and I’m loving finally being able to express myself freely (my outlandish behavior is probably a result of being muzzled for nearly 5 years—maybe I should sue the SEC for emotional and mental anguish?!?!?).

I think some of the industry’s rules are utterly ridiculous (such as when my friends in the business can’t publicly comment about my book!) and these tight regulations are the direct cause for why industry outsiders know so little about how the industry works. They are also the direct cause for why the general public shows so little interest in finance/business—I was in Barnes and Noble the other day and counted the number of magazines sections for each topic—7 for Women’s Issues, 5 for Health & Beauty, 5 for Sports, 3 for Transportation and 1 for Business/Finance. Transportation has 3 times as many categories as us?!?!?!?!?!?!?!?!?

Why can I never find your book in any bookstore?

Because bookstores are horrible places to sell books—30-40% of all books are returned and the margins suck. My book is available exclusively online at all the diff. international Amazons and Barnesandnoble.com because online selling is the future as it’s much more efficient and profitable for publishers.

Where are TIM’s trades listed?

Right now, it’s just this blog, but my site will be totally revamped by January 2008 to make it much more intuitive and organized.

Tim, your book, DVD and goals in life are all incredible, you should run for president!

No, I’m apolitical. The presidential candidates remind me of the S&P 500, The Dow and The NASDAQ—too many variables at work, too many people playing diff. angles, no way to really understand what’s going on/predict who to bet on. I’ll just stick to trading and teaching people about trading….for now.

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