Archive for the ‘TIM Lessons’ Category
I’m Travelling But Who Cares, Here Are Some Hot Penny Stocks
Gonna be traveling all day to my U of M speech so considering how good some of these plays are looking, I’m gonna miss out and inevitably get some emails sayin’ I’m a failed trader, but that’s a small price to pay to get the expected 150+ students to think cynically about the financial industry freakshow! Here’s the microcrap landscape…cheers:
PDO just keeps it goin, showing why THIS trade was actually pretty damn good, at least for a short seller—as I preach in PennyStocking, shorting, while ultimately correct considering how shady these companies are, is much tougher, I really want you guys to learn to play these from the long side (something which I could never really master)…as for when to short, don’t stand in it’s way, this is a full fledged Supernova! Just sit back and let all the early shorts kick, scream and ultimately panic cover—that’s when I’ll start looking’ to enter
HDY is another sketchy oil and gas play that puts out exaggerated PRs, spikes and then does nothing…last 7 spikes have all been good short opportunities, their PR firm is Investor Awareness Inc whose business—judging by their other clients—is to take a few thousand dollars/month and do little to nothing offering up excuses like “it’s tough to get any upside in a market like this” and “no microcraps are doing well right now”. Too bad HDY doesn’t hire somebody scummier/more unethical so this stock can actually pumped like it should be!
TigerLogic (TIGR): The Piece Of Crap Formerly Known As Raining Data (RDTA)
Over the weekend, microcrap speculators everywhere have been debating (RDTA). While I wrote about the briefly HERE (Friday morning pre-market…before its 40% surge…thank you, thank you), I was right not to touch it in the morning cuz it was just too illiquid, but ‘twas wrong of me to be neck deep in fundamentally flawed / factually inaccurate but sub-par-chart-play EDEN, failing to see RDTA get pretty damn liquid mid-day after they released this fluffy PR about some crappy revolutionary new web search “add-on” and announcing a name/ticker change to blah bah blah.
Unlike ignorant financial journalists, I’m not even gonna dignify these laughable pieces of s#@! news pieces by detailing their BS contents). Those of you who’ve read my book An American Hedge Fund know these crappy companies loveeee trying to hype themselves with meaningless name changes—no different than adding a “dot com” to the end of their name back in 1999-2000…except now they’re just trying to get prospective suckers investors to forget their stock is 70% off its 2000 highs aka they’ve still got some bitter shareholders.
Why I Just Shorted Eden Bioscience Corp (EDEN): TheStreet.com’s Factually Inaccurate Pump And Dump!
As I mentioned in this post, this near 100% runup is entirely due to THIS laughable Thestreet.com article mentioning this failure of a company as a “below-the-radar company that produces Messenger, a highly effective and revolutionary agricultural product.”
I could easily rip the company apart for its $23,000 in revenue in their latest quarter down from $189,000 just a few quarters ago—wow, their product must be really great! Even funnier is their yearly results—revenue of $350k vs. $4 million a few years back. Or before this miraculous article, EDEN was a $3 million company that was forced to do a 1-3 reverse split just two months ago in order to stay listed on the Nasdaq
But I shorted 1,000 shares at $2.55–that’s all I could find, trust me, I wish I could borrow 50k–because I prefer to go to the heart of the matter, the fact that EDEN SOLD OFF THIS “REVOLUTIONARY” TECHNOLOGY AS IS DETAILED IN THEIR ANNUAL REPORT!
From that beautiful annual report, filed on March 28, 2008:
“On February 28, 2007, under the terms of the Asset Purchase Agreement, we sold our Harpin Protein Technology to PHC for $1,396,824 in cash, net of transaction costs incurred after January 1, 2007 totaling $103,176, a promissory note in the principal amount of $700,751 payable on December 31, 2007 and the assumption by PHC of certain of the liabilities relating to or arising out of our Harpin Protein Technology…”
That’s right, EDEN isn’t even in the home and garden business anymore, they’re just a licensee! Gotta quote some more of this fine work of literature
First Quarter 2008 Review: Earn 21% Every 3 Months And You’ll Live A Happy Life
Coming off my best week since I started TIM 5+ months ago ($900-ish profits), it’s good to review past successes and mistakes. Without further ado, I give you the first quarter of 2008 in a nutshell, where TIM used small account size–finishing at $17,388–combined with PennyStocking to thoroughly dominate the performance of ALL major indexes, even while making tons of mistakes. Follow along and learn to do the same…already 5% higher in April and I’m just getting warmed up…
Successes:
How I Made An 8% Return Before Lunch
How I Made 25% Just By Holding A Distinct Pattern Overnight
How I Made 8% In One Morning, Leaving 40%+ On The Table One Day Later
Sykes’ Saturday Seven: April 12th, 2008 Edition
Stupid stupid teenage girls film assault on another teenage girl specifically to post video on Youtube, video’s gone viral, but they’re in jail…no joke…disgusting…
10 movie gadgets that have become reality
Forget website analytics, time to start analyzing your email, but only if you have Gmail (Gratzie PK)
Another successful—if not legendary—trader gives his rules for success (awww c’mon Todd, no banjos?)
Learn your history, venture capital history that is
Get the WSJ for free!
Inside the panic at E*Trade…you stupid stupid longs don’t even know how close to disaster many of these financial firms are coming
TIM Lesson: Never buy or short sell falling knives, much is happening behinds the scenes, none of it is predictable
Why Low Priced Stocks Crush High Priced Ones aka I Love Frauds & Failures!
Let the records show (CRY) and (NOG) as Exhibits A and B, whose charts I’ve posted HERE and HERE, respectively. Both have gone in the direction I predicted—CRY higher on the breakout and NOG lower after going vertical—but I haven’t touched either one. I’ll tell you why.
5 Stocks In Play Right Now: Day Trading Charts For One And All!
Yesterday I posted charts I was watching without commentary, thinking–or hoping–you guys were beginning to understand this game…other than 1-2 correct answers, the lot of you are still lost…tells me I’ve got a lot more work to do! That’s fine, bring it, one opportunity at a time…here’s today’s watchlist in order of the likelihood of me playing them:
(COT) Multi-day breakdown if and when it cracks $3.25, several failed tries now, scary scary stock to short…got me thinking that even if it does crack, it might still bounce…we’ll see
(NOG) Who says the 3rd up day of a big runup is usually a down day? Well, I do…but not when it’s during a multi-month breakout on solid news with a solid base just $2 below…last time this thing spiked, it jumped 55%, that would put a similar spike at $11..before shorting, wait to see the whites of their eyes!
The Joke That Is Financial Commentary: Some Frauds, Morons, Comedians and Marketers You Should Beware Of
As bad as corporate management, brokers, and value investors are, financial commentators and journalists are some of the scariest monsters out there. Similarly, they pretend to ALWAYS know what they’re talking about, while NEVER disclosing their audited track records or personal trades and investments…because the truth hurts–they suck. More often than not, they will lose you money if you listen to their advice. This picture is an accurate rendering of those who dishonor this industry:
This game is BS, we should want more–we deserve more–and my newfound goal in life is to right this wrong. Over the next few months, I’ll be adding many names to this list:
1. What kind of sick and twisted SOB buys the Adword phrase “Timothy Sykes” when they are no way shape or form affiliated with me WHATSOEVER. Scumbag and probable fraud Ross Jardine, that’s who. The schmuck links my name to a shady shady shady sales page—don’t buy into that BS. How is that even legal? Damn that really pisses me off!
No idea if his stuff works, but based on his manipulative advertising practices, the 1-page sales sheet featuring a stock he claims to have called that trades less than 500 shares/day (yes, five hundred shares), common sense and industry workings, I’m gonna bet he’s a fraud. He should probly be in prison. (Feel free to prove me wrong RJ, just setup a blog and let’s see your results day in, day out, c’mon, what are you chicken, balk balk balk, yeah that’s what I thought you scumbag)
Sykes’ Saturday Seven: March 29th, 2008 Edition
Gotta start this linkfest off with one of the best quotes I received all week:
“I’m 150 pages into An American Hedge Fund already. Best trading book I’ve read since Reminiscences of a Stock Operator, something Tim’s book reminds me of.”
Comments like that just keep streaming in; I’m extremely honored—after all, Reminscences is my all-time fav book
THIS article says my now 2,800 Facebook friends aren’t really my friends. Noooooo!
Another blog comment (you guys are givin’ me some good stuff, thanks!) showed that TIM is not the first totally transparent trader, not by a long shot. I’m about 8 years off. Unfortunately, those other guys lasted just over a year, probly cuz they were also trying to raise capital…that won’t be a problem here!
This blogger tries to pick a fight with me in order to get some press for his crappy little blog…that’s fine, I’ll oblige. See my comments under his post correcting his assumptions with facts. Only one thing worse than a value investor—a value investor who jumps to conclusions without doing the proper research beforehand!
Now these are some real blogs, the TOP 25 BLOGS, all seriously banking (I might get up there one day, but rest assured no value investor will EVER get close, they’re all sooooooo boring!)
Former Countrywide guy creates a new loan company, just like the LTCM guys founding other hedge funds—we really need some kind of law to ban these bastards from business if they lose x billion dollars, would prison sentences be too much to ask for?
Classic clip from one of my all-time fav movies, There Will Be Blood
How To Short Sell Stocks: Why It’s So Important To Trade Scared And Use Protection
Early morning, reserved shares in 3 hard-to-borrow stocks, all multi-day runners, COIN, WSCI and REED. Since I typically do better with low priced stocks, I focused all my attention squarely on REED…mistake #1 (today’s only its 2nd big up day, not 3rd or 4th when its infinitely more likely to run out of steam) WSCI and COIN both took nice morning dips (though neither ideal WSCI just made a massive cup and handle and COIN, well, it’s COIN, enough said)…missed ‘em both since my 3 screen monitor busted and I’m on a laptop
TIM Lesson: Either use multiple trading screens miss simultaneous opportunities, the more screens the better…up to a point
In the first hour of trading, I considered shorting at $3.89—solid big sell orders padding me above—but all the trades were buys and a morning squeeze was possible…10 min later the squeeze was on and once it took out $4, it went straight to $4.50…I thought $4.50 would hold (yesterdays high) so I shorted 1,000 at $4.39 with the goal of buying into a quick reversal around $4.
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May 16, 2008My whole KYUS saga...still a solid profit of $350 today, the only time I shoulda been playing this stock
May 16, 200810 stocks to watch today
PDO already up $1.25, sux I'll be away all morning workin' on TIMtv, got 500 shares reserved to short if need be this afternoon
Also reserved 3,000 FORC and KYUS for potential shorts
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
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