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.”  

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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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Wall Street Warriors Season 3 Casting Call

Got a call yesterday from my old pal, Scott Gill, producer of that fine little show Wall Street Warriors

Apparently, the second season was successful enough to warrant a third season and now they’re on the lookout for new castmembers. So, if you’re willing to let loose on national TV, in the NYC area, work in finance and can film this summer and fall, contact me HERE and I’ll put you in touch.

I’d never waste Scott’s precious time on any typically boring sissy value investors and if you’re afraid you can’t handle the spotlight (cuz it has been known to cause articles like THIS) don’t even bother applying. Basically they’re looking for someone whose idea of fun is a bit more than throwing a stick to a dog on a beach, no matter how successful they’ve been.

PS In case you missed any of season 1 or 2, all episodes are streaming in high-quality and for free RIGHT HERE

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Just Who The Hell Do I Think I Am And Why Should You Care?

It’s astounding how many lazy people refuse to click the ABOUT tab on this site when they want to know more about me. Instead I get anywhere from one to three dozen daily emails asking me—since I have an answer every email policy, I’m beyond tired of this. Guys, chicos, if you want to know how I got started, what kinds of stocks I trade, how I made so much $ so quickly, my life is an open book—literally–An American Hedge Fund. Hopefully this post can save me a few emails so here’s a quick rundown of my journey and how I’m gonna help you:

-My obsession to become the best tennis player led to a career-ending injury senior year of high school in 1999. Since I’d already gotten in to college early and the doctors orders were to rest, I had nothing to do so my parents gave me control of my $12,415 in Bar Mitzvah gift money to play around with and I opened a discount online brokerage account.

-My parents thought I’d lose everything, but after concluding all the most popular stocks were too expensive / random for me, I became a penny stock day trader and turned my little account into $2 million by the end of 2004 (no leverage used). The first $1 million was pretty much all buying breakouts (I focused on chart patterns, little did I know why the charts were so perfect), the second $1 million was pretty much all short selling (when I discovered their charts were perfect for a reason, manipulation!). (Trades, strategies used and lessons learned are all detailed in my instructional DVD PennyStocking)  

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On CNOA, CNBC Aids And Abets Penny Stock Promoters

Let me start by saying I have no problem whatsoever with penny stock promotion—these tiny / failing / fraudulent companies need all the exposure / hype they can get or else they’ll never raise any capital and fail / be exposed as the frauds that they are soon rather than later. But I do take offense when entertainment outlets like CNBC try to pass themselves off as credible researchers. As I’ve posted HERE and HERE, their bumbling has hurt too many investors and they’ve helped make people afraid of penny stocks—which I cannot permit.

Now, one of their wannabe journalists / entertainers, Sri Jegarajah, has written the single most naïve penny stock article I’ve ever read, “Wild About Rice” in which Sri mistakes paid-for stock promotion for credible research forcing me to explain the rules of the game to all the poor schmucks who mistakenly view CNBC as a credible source.

Besides quoting CNOA’s CEO (we all know how useless that is, what’s he gonna admit the company’s a pump and dump scheme?), and a Seeking Alpha article—whose writers are no more qualified than bums begging for change on the street, Sri proudly quotes Source Advisors, forgetting (not realizing?) to mention they’ve been paid $25,000 “by a third party” (pump and dumper, cough, cough) to publish their BS report. And, as if to repent for his sins, Sri closes out the article quoting Patrick Murphy of Murphy Analytics who was only paid $1,000 for his efforts (scroll down to the bottom and be better than Sri, aka read the disclaimer).  

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Why Traders Should Ignore Corporate Mergers And The Financial Media Circus

Thanks to this high profile acquisition news of Blockbuster and Circuit City, the financial media circus is working overtime today. CNBC, Fox Biz, Reuters, WSJ, WWE, Marketwatch, AP, Minyanville, TheStreet.com, Portfolio, Bizjournals, Techticker, Motley Fool, SmartMoney.com, Barrons, Businessweek, RealMoney, Forbes, FT, CNNMoney, Briefing.com and of course the Richmond Times-Dispatch have each written articles about it. No joke, seriously, check out the Yahoo! Finance news list—it’s reminiscent of my media logo collage.

Within hours, we now have quotes from higher and lower-ups from both companies, competitors of both companies, industry observers, industry non-observers, economists, ANALysts , marketers, talking heads, journalists—everybody’s giving their useless opinion as to what this news means for consumers, competitors, investors, traders, the industry, other industries, society and the universe. Not to even mention all message board and blog buzz from those too unskilled to even gain entrance to the media circus (true gutter trash / waste of webspace)

Here’s my take:  

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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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