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http://timothysykes.com/2008/05/03/sykes-saturday-seven-watch-some-crazy-indians-warren-buffett-screw-up/

Archive for the ‘Value Investors’ Category

Sykes’ Saturday Seven: Watch Some Crazy Indians & Warren Buffett Screw Up

Tags: Financial Media Circus, Link Love, Value Investors, Videos

Berkshire Hathaway is gonna get taken apart next week as they missed on revenue estimates by $3 billion and took a $1.6 billion loss on derivatives—I like and respect Warren Buffett, but I do look forward to the pain this will cause his sissy value investor cult

This video is tailor made for the narrow-minded value investors out there—while this looks pretty crazy to us, it’s a multi-century tradition older than our entire egotistical culture:

Perruna’s got a cool stock screen  

Revolt Of The Untalented Financial Writers!

Tags: Financial Media Circus, Guessing Games, Haters, Rants, Value Investors, idiots

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.

seeking_alpha.jpg

 

Welcome To Festival of Stocks #77, aka The Jungle!

Tags: Link Love, Value Investors

Welcome to the February 25, 2008 edition of the Festival of Stocks. Festival #77 to be exact and I’m declaring it to be a jungle party!

 

jungle

The Festival of Stocks is a blog carnival dedicated to highlighting bloggers best posts on stock market related topics so I’m incredibly proud to be hosting this edition of this weekly roundup. C’mon traders, get in on this thing, stop making me have to just read about dividends and sissy (value) investors!

KCLau has a solid post detailing a recession, step-by-step  

The Importance Of Getting The Odds On Your Side And Not Being Overly Boring

Tags: Guest Posts, Value Investors

I love ripping on value investors. You might say it’s a hobby of mine. Not because I don’t think their strategy is valid—I think all strategies are valid—but because out of everyone in the finance industry, and I do mean everyone, these people are the most boring. And, it’s fun to get boring people agitated and see them struggle to remain their boring selves. Oh yeah, and they’re snobby, too. And stuffy. (Read my post where I pick a fight by calling them little sissy girls, which they are)

Due to the subject matter, finance is already boring and stuffy enough, we don’t need anymore of that crap. But these characters just can’t change—they believe what they believe—all other strategies are infidels—and so they are partly, if not mostly, to blame for the general lack of interest in finance by society as a whole.

Well, there’s hope for at least one of these mutants, Vitaliy Katsenelson. Even though he forgot to Ellis Island his name when he got here, he’s written a classically boring but unusually exceptional strategy book in Active Value Investing. Judging from the excerpt that he’s allowed me to repost here, he even sounds as if he’s got a little trader in him! It’s a great post and it echoes a difficult lesson I’m constantly trying to teach—no matter the end result of a trade/investment, if you enter with the odds/variables on your side, you’re bound to succeed eventually. If you partake in random/gut trading/investing, it doesn’t matter if you make money or not, you’ve already killed your chances for long-term success, you might as well just go to a casino and get free drinks. Read on and brand this on your little brains:  

Why Value Investors Are Little Sissy Girls

Tags: Rants, Value Investors

This is a real conversation I (T) recently had with a value investor (VI) (who will remain nameless/ gutless) after he finished reading my book and the reason for this post’s title:

T: Happy New Year! get a chance to finish reading my book?
VI: Yes, I did, very entertaining, my wife enjoyed it too!

T: Great, whatcha think about my strategy, a little different than yours, right?
VI: Yes, and that’s why I’m sorry to say I cannot review your book
 

Timometer

UPDATES

May 15, 2008

Yup, by next Monday, everything's gonna be real working-like!

May 15, 2008

PDO, 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!

May 15, 2008

No ideal short plays today, check out these 2 interviews while we wait for price action perfection

I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!

I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!

May 15, 2008

Lots and lots of new sketchy stocks to watch

TIMtrades

Learn from my successes, learn from my failures, learn from TIM. Learn more HERE.

Date Stock Buy Sell Net
May 12 CNEX $7.20 $6.00 $740
May 7 VRML $3.05 $3.75 $890
May 6 VRML $4.42 $4.36 $180
May 5 LGDI $4.42 $4.67 $353
May 2 VM $3.97 $4.01 $12

Total: $18,590 ( 50% )

TIMreads

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