Blog Archives:
Trader Monthly Shut Down, But This Isn’t The End, There’s Possible Fraud Involved Too!
Posted by Timothy Sykes on Tue 3rd of Feb, 2009 03:32:36 PM
Sponsor Offer:
After several months of barely existing on fumes, we learn today from a leaked internal memo that as of now Doubledown Media aka Trader Monthly has officially shut down.
Continue Reading »
“You Blew It Up! Damn You! Damn You All To Hell!” The Penny Stock Version
Posted by timothysykes on Sun 20th of Jul, 2008 11:13:19 AM Sponsor Offer:
For all of you who haven’t read my book An American Hedge Fund or watched my PennyStocking instructional DVD Package, back in March, I wrote about CYGT being the stock, the sole reason, as to why my hedge fund lost 35ish% over 2 years in 2006 and 2007 (see blog post HERE).
Tough, tough, tough, tough, tough lesson, but it made me more cynical, conservative, an infinitely better teacher and even more determined to stick to my core trading strategy, a strategy that has yet to produce a huge loss, especially when I stay true to its quick loss cutting principles.
Anyway, that bankruptcy filing was pretty much the end of the story for me and the 1 million+ shares of CYGT I’ve still got–maybe I’ll frame the stock certificates as a reminder of how corrupt/bad/lying/failing (not personal just business) ALL these tiny companies are–but the other day came the nail in the coffin as the company
Continue Reading »
We’ve Only Just Begun: A Memorial To BodyTel Scientific, Inc. (BDYT)
Posted by timothysykes on Mon 26th of May, 2008 10:22:45 AM Sponsor Offer:
This Memorial Day we commemorate not only the men and women who perished in service to their country but the pumps and dumps that inevitably perish in service to their manipulators. Each year thousands fall, so let us celebrate the life of the pump known as BDYT, who’d only just begun to blossom, with a song I wrote:
We’ve only just begun to surge,
Stock spam and promises
A check for the promoters and we’re on our way.
And yes, We’ve just begun.
Before the doubters we fly,
So many market makers to choose
We start our upticking and learn to run.
And yes, We’ve just begun.
Continue Reading »
The Pump And Dump Blues: Nothing Compares 2 U, In Loving Memory Of Cannon Exploration Inc (CNEX)
Posted by timothysykes on Wed 14th of May, 2008 07:02:52 PM Sponsor Offer:
I’m sorry to have to announce the passing of Cannon Exploration Inc. (CNEX), a beautiful and vivacious pump and dump, who at the height of her popularity, was taken from us prematurely, like so many of our brave soldiers around the world
Beautiful CNEX, I know that living with you was sometimes hard, but I composed this wholly original song and even made a music video (even though the singer got the words wrong) in your honor.
It’s been seven hours and five dollars
Since you took your pump away
I research every hour and wait all day
Since you took your pump away
Since you been gone I can write about whatever I want
I can trade any stock I choose
I can look for stocks that are breaking out
But nothing
I said nothing can take away these pump and dump blues
`Cause no pump compares
No pump compares to you
Continue Reading »
Obituaries: CYGT aka The Stock That Killed My Hedge Fund
Posted by timothysykes on Fri 28th of Mar, 2008 03:41:40 PM Sponsor Offer:
Today, Cygnus (CYGT), a long-time Ticketmaster-wanna-be, lost their long-time battle against bankruptcy. They had been struggling ever since their first brush back in early 2006, barely clinging to life as if their leader was Terri Schiavo, but today, they finally succumbed to Chapter 11, the most common ailment among Penny Stocks.
The company, founded in 2001, is best known for their role in bringing down my hedge fund, Cilantro Fund Partners, LP—accounting for a roughly 35% loss—and causing me endless grief from the joke that is “the financial community”.
As detailed in my book An American Hedge Fund, in mid-2004, after nearly six years of uninterrupted six-figure annual profits, my ego and real world inexperience—aided by a top notch presentation delivered by the then CFO, a family friend—led me to invest 10% of my fund in this privately-held company.
At first, everything was rosy—
Continue Reading »
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%)
