TimothySykes.com TimothySykes.com I once turned 12,000 into 2 million. Now I'm gonna do it again, detailing every stock trade and investment idea on my blog! 
Articles
Why I Shorted Turd Of A Company PokerTek, Inc. (PTEK)
2008-06-09 02:57:00 If you’re familiar with my short-biased PennyStocking trading strategy, or watched the latest episode of LiveStock (in which I detailed this setup), it’s not hard to tell why I shorted 1,000 shares of PokerTek, Inc. (PTEK) at $4.69 right before the market close on Friday. Not only was Friday its first down day after 5 straight—agonizing for early shorts, opportunistic for later shorts—up-days, after a blatantly-obvious-typically-bankruptcy-co ming-type 50% mid-month drop in May, if on Monday we get a morning panic (which seems likely considering Friday’s price action with hugely fading volume due to the gradual realization by bitter long-term shareholders realizing they’d better take this bounce as an opportunity to the hell out and aggressive shorts to get in) that takes out Friday support of $4.50ish making $4 a likely downside target, which if the sellers can take out the probable stop losses there brings up $3.80ish, if you take a look at the reasons for the runup, y... More About: Company , Turd
Who Is Following Me? Is It The SEC Or A Stock Promoter?
2008-06-08 23:43:00 Those of you tuned in for LiveStock yesterday got to see our first professionally produced (Chuckieeeeeee) video clip entitled “Who Is Following Me?” You can now view it: HERE on youtube HERE on TIMtv HERE on blip.tv By speaking my mind, I haven’t made many friends in this biz–booo hooo, I already know enough superficial soulless bastards–so who do you guys think this stalker is? Is it the SEC Bin Laden, scummy stock promoters or theater majors upset that I called them out on being fake journalists? Dealbreaker seems to think it’s the SEC. … [visit site to read more]
TIMradio #5: Chris Lahiji, Founder Of LDMicro.com
2008-06-08 18:18:00 Before I started going ballistic with all my press, there was a younger, more press-hungry microcap stock guy named Chris Lahiji. His claim to fame was reading something like 12,000 annual reports and he also managed to become the youngest mutual fund manager in history! While there was another young microcap guy who also got a ton of attention, Daniel Lebed, who famously got sued by the SEC for manipulating stocks when he was just a wee little teenager, Lahiji’s fame, like mine, was due to legal financial activities, which, call me crazy, is a little more deserving of respect (even if our society sadly prefers crap like Scarface and Blow to the biographies of the true greats JP Morgan and Bernard Baruch). … [visit site to read more] More About: Founder
May 2008 Review: The Only Real Mistake Is The One From Which We Learn Nothi
2008-06-07 19:26:00 May was an interesting month and no matter the multitude of mistakes, I gotta say it was an outright success. Sure, thanks to me focusing too much on building this new site, not being disciplined enough in avoiding commodity plays or more importantly, waiting until they showed some–any–weakness to short, not being able to take enough pain before the damn busted (CNEX!!!!) or getting a short trade executed accidentally when I told everyone else to stay away (VRML!!!!)—yes made just about every mistake in the book, wasting away precious opportunities as if I was Britney Spears—TIM finished down just over 2% at $17,807…. Boo freaken hoo—now with less projects, albeit slightly, less sleep, sucks, I’m up already up 5% after 3 good trades this month! Definitely more importantly Pennystocking students like Jeff Moates and Tony Ellis, are really banking, think $10,000+/month, no joke, aka doing much better than me—as I predicted throughout my instructional DVD&hellip... More About: Review , Real , Learn , 2008
SS7: The Modern-Day Reminiscences Of A Stock Operator & Other Trading L
2008-06-07 15:37:00 Great book review for An American Hedge Fund from another trader of low priced stocks TK Anyone who is considering a career as a trader in the securities business needs to read the book An American Hedge Fund. It is the honest, real-life story of what a trader will face in the quest for success. Click HERE to read the rest…TK was even kind enough to forward a followup email one of his readers sent him: Thanks for the book recommendation An American Hedge Fund by Timothy Sykes it was a great read. Reminded me a little of Reminiscences of a Stock Operator . Boom! And check out TFPOI’s review HERE. My favorite parts: Overall, I would recommend this book to anyone who has a child interested in the stock market, anyone interested in starting their own hedge fund, or anyone looking for a great financial read on par with Reminiscences of a Stock Operator. Ahhh yes considering ROASO is literally the best financial piece of writing ever, getting compared to it again and again is truly an... More About: Trading , Modern
LIVESTOCK TIME!
2008-06-06 18:57:00 Watch LIVESTOCK right here or visit the all new LIVESTOCK homepage and chat live with me between 1pm EST - 2pm EST. visit site to read more] More About: Time , Livestock
One Great Interview & One Scary Scary Stock Chart, You Can See How They
2008-06-06 17:37:00 The Daily Options Report features a great two-part interview with yours truly, which you can read HERE and HERE. It’s cool, trust me. And maybe more importantly, this is what he had to say about my book An American Hedge Fund: I have to say, I enjoyed the book way more than I expected. Short and sweet! … [visit site to read more] More About: Great , Interview , Stock , Scary , Chart
Too Many Stocks To Keep Track Of Yet Again
2008-06-06 14:57:00 Made about $900 the past 2 days just shorting crap like PTEK for quick gains, no overnight holding, just taking advantage of the fear the longs have when a stock that’s up so much starts dipping…even a little. I’ll look to reshort PTE today, maybe live on LiveStock (from 1-2PM!!!) although not sure how aggressively considering it consolidated well yesterday…it’s gotta break below $4.80, solidly, to get e very interested…that or spike bigtime, squeezing less agile shorts TRX is definitely one to watch cuz they’re a titanium dioxide pigment maker…oooo that’s hot…so hot they just spiked a ton after they announced an increase in prices ISPH got some good drug news, probly good for scalps all day long, already faded $1 off its highs premarket so you know people aren’t as excited as the company’s gonna make it out to be PCYC was nailed my Mikity Mike…drug news, could be upcoming short … [visit site to read more] More About: Stocks , Track
2 Wild & Crazy Stock Charts & Videos That Teach Important Lessons
2008-06-05 21:47:00 First up is NTI, which I shorted successfully again and again, several points ago…proving that while there’s money to be made on the short side, there’s even more to be made on the long side. More importantly, if you do short, you gotta recognize the difference between consolidation and gradual fading…NTI kept making higher lows and when you’ve got a stock this illiquid filled with determined/naive long-term shorts, it’s practically a short squeeze made in heaven, which is what’s goin’ on today. Learrrrrrn … [visit site to read more] More About: Videos , Crazy , Stock , Wild , Charts
Submit Your Questions Now To Be Answered Tomorrow On LiveStock!
2008-06-05 18:45:00 LiveStock returns at its regular time tomorrow 1-2PM EST so get excited! The one complaint I got was that last time I missed some of your questions in the chatroom–so this tim tim Timminaay got smart and decided to ask you for questions and tickers ahead of time! … [visit site to read more] More About: Questions , Submit , Tomorrow , Livestock
My Latest Successful Scalp Trade: PokerTek Inc (PTEK)
2008-06-05 16:42:00 Shorting a spike like PTEK may sound simple—stock up big on hype and fluff news, me think it go down, me short—but outside of snakeoil world, there’s a few more real world variables to consider. Of course, when I shorted 1,000 shares into a spike at $5.60 (already off its highs though, reducing my risk of further spikage) this morning, I thought it would go down—there was a wall of sellers behind me, buying volume had diminished and if it could take out morning support at $5.40, it could really tank and perhaps go negative on the day cracking $5.15 and then it’d be tough to get much past $4.80-$5 considering that was yesterday’s support. Buuut it was still green on the day, it was a morning short going for a quick reversal so it wasn’t ideal, and there were big block buyers. Oh yeah and there was that little thing where I have about a dozen writing assignments due in the next 2-3 days—blog posts, AOL & Yahoo articles and LiveStock scripts—so I wouldn’... More About: Trade
A Bunch Of Stocks That Make Me Unworthy Of The Flawed Google Finance
2008-06-05 14:29:00 If you’ve noticed or even cared, I was using companies names cuz Google Finance was picking this blog up…now that I mention some of the same stocks day in day out, I’m out, apparently. WTF Google, these stocks are play! That’s fine, one day they’ll wake up and realize how crappy some of their sources are, listing the % gainers day in day out, pleaseeeee, grow up Peter Pan. Scummy website you know who you are, you make me sick, just like the rest of this soulless industry. Good Morning F$#@edupnam! Today’s failing companies—if you flash forward Lost-style—are brought to you by Finance—the industry where scumbags have the power…for now…meaning this Philsopher King is gonna have to take over… PokerTek, Inc. (PTEK) and GRO were the two I successfully shorted yesterday, now I’m hoping they both spike and fade so I can reshort them today…better chances on PTEK offering a big morning short squeeze, especially with joke of a PR fluff news afterhours, why are ... More About: Stocks , Make
How To Short Sell Penny Stocks Safely: Three Quality Short Trades
2008-06-05 02:17:00 Judging by the posts, we’re all making money lately. Good, I don’t know of any other site with such high percentage of people profiting…especially when none of us are very smart or experienced. I think it’s cuz my impatience has taught you guys to take your profits or losses quickly cuz you’re trading the most volatile stocks around. Yes, you should let your winners run, but that’s not as important as knowing you should never ever let your losers run, no matter what your meaningless little mind thinks. (If I don’t cut your egos down to size, the market will, which do you prefer?) First up, I shorted 500 NTI into the market close of its first truly down day on Monday. Volume had faded, Superman’s posts on TheLion.com stopped being responded to as often—basically the hype was dying down so my $13.70 entry point looked ideal. Pre-market Tuesday brought the usual 100 share painting-the-tape games, up $2, down $1, all meaningless. When the stock opened, it was down 20-5... More About: Stocks , Penny Stocks , Sell , Short , Quality
Why Geek Commentary Should Never Be Featured On Any Finance Website
2008-06-04 21:59:00 You gotta laugh at/love absolutely pointless opinionated articles like THIS from the geek blog AllThingsD, which, in this case, stands for “All Things Drossy”. Not pointless to all the newbie investors and technology geeks who think this crap actually matters to these companies’ stock prices—for they have little understanding of the brokerage/ANALyst whore-athon that gets pimped out to fund managers just trying to pad their performance figures to collect their annual six and seven-figure salaries without really caring about beating the indexes cuz they know that since their peers are just as scummy as them, they really only have to avoid blowing up cuz mediocrity is not only fine, it’s encouraged in this joke of an industry, trend lag times and investors expectations—just pointless to everyone who understands how difficult assessing these companies without technical analysis really is. … [visit site to read more] More About: Commentary , Website , Finance , Geek , Featured
Why The Pattern Day Trader Rule Proves The SEC Rivals Osama Bin Laden In Te
2008-06-04 19:25:00 Yup I said it. While making a nice quick 5+% American profit, or $350ish, in an hour on my LGDI trade a few weeks ago, my blood boiled over due to the missed opportunities caused by the SEC’s pattern day trading rule. And while I’ve attacked it in the past, there was no formal summary post that explained all my key points. Considering how many stocks are in play today and the fact that I am forced to ignore 99% of them, it’s time I unleash this fury. The formal definition of this inane rule is HERE, and once you read it, you’ll begin to understand why I call it the Reign Of Terror Rule . In fact, I’ve got an entire category devoted to it as I’ve documented each and every time it’s interfered with my trading since I began TIM in November 2007. Basically, if your trading account is below $25,000—as are the accounts of so many poor people out there—you can only day trade (meaning in and out the same day) 4 times per week. If you trade more than that, you get flagged as... More About: Osama Bin Laden , Pattern , Bin Laden , Osama
Agria Corporation (GRO), OMNI Energy Service Corp. (OMNI) & Some Other
2008-06-04 15:05:00 Missed some great great plays yesterday, but we also filmed some awesome stuff for LiveStock so I’m just learning to prioritize…yes, trading takes a back seat, I just don’t give a damn—trust me, you’ll get to that special place eventually too. For now, feel free to look around and profit from PennyStocking. And now you can even join the new LiveStock Facebook group right HERE! Agria Corporation (ADR) (GRO) I’ve got shares reserved of this turd, c’mon short squeeeeeze & afternoon fade! Royale Energy , Inc. (ROYL) Has support at the former breakout point at $10.50 and royal support at intraday deliberating around $9.5 Himax Technologies, Inc. (ADR) (HIMX) is a nice confirmed multi-month breakout, but it’s got a ton of resistance oh just about everywhere…it’s tough being a piece of crap company, all people wanna do is sell you! Western Refining Inc. (WNR) is up a lot, guess how I’m looking at it? Converted Organics Inc. (COIN) proves turds float…nahhhhh, just... More About: Service , Omni
Nobody Told Kentucky USA Energy Inc (KYUS) That They Were A Scam…LOL
2008-06-04 00:11:00 Seriously, check this absurd SEC filing out and try not to laugh…sounds like somebody’s getting investigated… Form 8-K for KENTUCKY USA ENERGY, INC. 30-May-2008 Other Events Item 8.01 OTHER EVENTS … [visit site to read more] More About: Energy , Kentucky , Told
If You Like LiveStock, Let Me Hear You Say Hey Hey Hey And Help Spread The
2008-06-03 17:55:00 I might’ve told you once, twice, three times a lady…I have some big plans for LiveStock…but to pull it off, I’m gonna need your help cuz the fun really only starts after I get enough viewers/sponsors to make this thing into the interactive behemoth it’s meant to be. To start, click the link below to embed the LiveStock video player in your Facebook profile http://apps.facebook.com/mogulustv/?chann el=livestock It’s just like embedding a Youtube video except the Mogulus video player is better cuz this one player plays and archives all future shows….yeah, it’s cool. And, if you wouldn’t mind sending that link to 1,000 of your closest Facebook friends, I’d be much obliged…really gotta make this thing go viral as then the possibilities are endless… And LiveStock even has its own social network which you can check out right HERE and join right HERE. … [visit site to read more] More About: Hear , Spread , Livestock
Waaay Too Many Stocks To Watch So I Resort To Telling Jokes
2008-06-03 14:59:00 Acorda Therapeutics Inc. (ACOR) is not a stock I’d short right away cuz it had positive news, consolidated well and finished strongly…hopefully you dumb greedy bastards are in this so you can get squeezed, learn a lesson and cover to create a totally irrational price that would then interest me…possibly Quantum Fuel Systems Technologies (QTWW) is still on fire, but it’s still moving slower than Miss Daisy, hopefully somebody can slip her an upper to get this rolling to mae it a worthy gap up play and inevitably a good short Northern Technologies International Corp (NTI) is the one stock I did play yesterday, shorting 500 shares at $13.70, right before the market close of its first red day…experience teaches me the run is over…for now…especially with such fading volume, but I wouldn’t be surprised to see a spike attempt, considering how low the volume is…gonna be interesting to see how long I can hold this, gonna try for multiple days, but no promises…target exit ... More About: Jokes , Watch , Stocks , Resort
Why PennyStocking Is Comparable To Heroes The TV Show
2008-06-03 00:40:00 An incredible post on Muddy’s Blog written by Mikity Mike must be read everywhere cuz it’s got trading wisdom in it. Soooo many great and successful people practicing and writing about PennyStocking out there, it’s beginning to feel like Heroes the TV show…The series tells the stories of ordinary individuals who discover that there are incredible trading opportunities in low priced stocks, and also explores how these people adapt to the changes the market brings, and their roles in preventing losses and saving the 90% of traders who lose money. Think I should pitch NBC? All I know is that I’m beginning to feel like Mohinder Surhesh…my job is just to study and categorize this phenomenon in order to publish the profit serum that’s gonna save everyone…save the trader, save the industry kind of thing…enough from me, here’s Mike’s excellent post, maybe you should just refer to him as Hiro Nakamura: I’m gonna try... More About: Show
Forget Barton Biggs, This Is Real World Hedgehogging
2008-06-02 22:54:00 You probly all have read the decent/above-average/coulda woulda shoulda been a lot more book Hedgehogging by Barton Biggs. Well, now TIMtv has found a … [visit site to read more] More About: World , Real
Why Getting Hacked, Like Losing Hundreds Of Thousands Of Dollars, Is A Good
2008-06-02 21:07:00 Yes it’s true, I’ll explain. While I’m a cynical old (in terms of market experience) short seller whose seen frauds, hype and pumping galore and think 99% of Wall Street is full of truly soulless scumbags, I’m also a big believer in learning through mistakes. Just like that time when I lost a few hundred thousand dollars, our Sunday night hack attack by some shady Russian hacker probly hired by a stock promoter I’ve pissed off (I don’t know how considering I have nothing against stock promoters and if they thought about what I’m trying to accomplish, they’d see that making penny stocks more transparent and hence more actively traded will benefit us all) is definitely a set back—all FORUM posts, new subscribers, recent TIMbucks, basically anything that happened on this site from Friday-Sunday has been lost forever. … [visit site to read more] More About: Good , Hacked , Dollars
Why Speculative Commodity Plays Are Different Than Pump & Dumps
2008-06-02 17:56:00 PennyStocking students understand that while the Supernova chart patterns on commodity plays like Pyramid Oil Company (PDO), Fieldpoint Petroleum Corporation (FPP), Royale Energy, Inc. (ROYL) and Mexco Energy Corporation (MXC) make them seem like they’ll just continue to collapse for weeks and months just like your typical pump and dumps like KENTUCKY USA ENERGY INC (KYUS), FORCE ENERGY CORP (FORC) and BIOSHAFT WTR TECHNOLOGY INC (BSHF), they don’t. Because their prices are tied to something much more real than spam, something many people call “black gold”. And as you can see from the charts below, some are barely bouncing (PDO) and (FPP), while others are actually breaking out to new highs (ROYL). … [visit site to read more] More About: Plays , Dumps , Pump , Commodity
How To Reserve Shares To Short On Hard To Borrow Stocks
2008-06-01 22:23:00 When you wanna short sell these crazy Supernovas like KYUS, PDO and FPP, you gotta grab your shares early in the morning—think 7-8am—cuz everyone wants … [visit site to read more] More About: Stocks , Hard , Shares , Short , Borrow
The Lost Season Finale Offers Some Big-Time Clues
2008-06-01 13:28:00 Other than LiveStock, the one show I watch is LOST. Absolutely amazing…and I know TDI agrees with me…made even more fun considering I know one of the newest … [visit site to read more] More About: Lost , Time , Season , Finale , Offers
What Paid Promotional Stock Mailers Actually Look Like
2008-05-31 19:54:00 A few weeks ago, I found a great little message board that focuses specifically on the reporting of paid promotional stock mailers. Shady “companies”, shareholders and stock promoters pay services/professionals to send out hundreds of thousands, or millions (depending on their budget), these wholly absurd/inaccurate promotional pieces, that you gotta learn to love–not detest–cuz they’re dead giveaways of pump and dumps, which are perfect for PennyStock ing profits! Typically great stocks to sell short for quick drops off of multi-day spam-induced spikes and for the long-term, you gotta be careful cuz lately scummy spammer stocks like 4imprint Group plc (FOUR), FORCE ENERGY CORP (OTCBB:FORC) (FORC), Hybrid Technologies Inc. (OTCBB:HYBR) (HYBR), KENTUCKY USA ENERGY INC (OTCBB:KYUS) (KYUS), MAXLIFE FUND CORP (OTCBB:MXFD) (MXFD) and JAYHAWK ENERGY INC (OTCBB:JYHW) (JYHW) haven’t stayed down for very long…even if there’s a 99% certainty they’re destined to fail/have thei... More About: Paid , Promotional
More TIMtv Video Clips To Cure Your Trading Addiction
2008-05-30 00:13:00 When I see emails and blog comments from people asking about random ass stocks like Sirius Satellite Radio Inc. (SIRI), Ford Motor Company (F) and China Finance Online Co. (ADR) (JRJC), I know I haven’t promoted my instructional DVD PennyStocking hard enough. I thought I was doing a good job, but it turns out I was wrong. Cuz if you had seen it, you’d know its central theme is to only trade worthy opportunities being a.) incredibly volatile stocks—think up 50-300% in a few days and b.) inefficient stocks—think spam stocks, message board/newsletter pumps…stuff like NTI…NEVER would I recommend playing large liquid companies that everyone and their mother has some opinion on. On those, you have no odds whatsoever, so it’s no wonder why so many traders lose money. You’re overtrading. Trust me, I know how addictive the kinds of profits you made on PDO, MXC, FPP, and ROYL can be, but now you gotta step back and realize those patterns are gone now. As I anticipated, tr... More About: Video , Video Clips , Trading , Addiction , Clips
Why You Can Buy My Short Picks Too aka My Northern Technologies Internation
2008-05-29 20:59:00 Exactly what the title says, just because I’m looking to short or even while I’m shorting a stock, that doesn’t mean you can’t profit–sometimes more–by going the opposite direction aka buying. That’s the beauty of PennyStocking, there’s so many ways to profit, it all depends on your personality and what you’re good at. Since I’m a cynical Jew who’s seen crap / been burned, short selling works better for me and yet the big money was made from the long side yesterday and today on Northern Technologies International Corp (NTI). As I wrote in THIS post, this stock was up due to Superman being on fire…I could be wrong and their new subsidiary actually could be onto something, but again, my prospective is that all these companies are full of BS aka about as trustworthy as a pedophile priest. Not to mention that before Superhombre picked up its story, it’d gone from $8/share 10 years ago to…wait for it&he... More About: Short
Trust No Financial Blogger, Message Board Poster, Website Or Service Provid
2008-05-29 18:04:00 Lately I’ve been seeing a ton of talking heads, bloggers and message board posters touting their winners and playing down their losers. It seems as though just about everyone is an amazing traders/investor as their skill/ talent is downright amazing! I call BS. Very few people in this industry are talented at anything other than lying, manipulating, promoting and cheating. Everything you read—and I do mean everything—is guesswork. Nobody other than Buffett knows for certain that their strategies and theories are correct, but in this game, you gotta appear confident at all times. Every day you have people picking random stocks and making wild economic predictions, always careful to position themselves as experts so as to ensure demand for their services and the income they can must from that delusion. This is no different than the hardly-human-anymore-scumbags over at EliteTrader who lie, each minute, about their trades and lives as they are the kinds of soulless bastards th... More About: Website , Blogger , Financial , Service , Board
15 Stocks In Play But Most Of Them Are Useless For Trading
More articles from this author:2008-05-29 14:51:00 Northern Technologies International Corp (NTI) I successfully scalped this one yesterday for about $400, but its strength shows these short picks can and should also be played from the long side…detailed post coming…but I look to short again, but only if it’s a worthy pattern MAXLIFE FUND CORP (MXFD) I nailed this one breakout in yesterday’s pre-market post even though I said squeeze to $30 and only was up $5+ to $27ish…my bad…squirm shorties, squirm, especially Goode, that’s what you get for spamming my site and not putting me on your blogroll sucka CKX Lands Inc (CKX) is another low marketcap pick by Lionmaster along with higher marketcap play IndyMac Bancorp, Inc. (IMB). I’ll probly look to short CKX either today or tomorrow, again, be careful of short squeezes. Security With Advanced Technology Inc. (SWAT) is only a $6 million company, don’t short $6 million companies. Wait for it to go up more. End of story. … [visit site to read more] More About: Stocks , Play , Trading , Useless 1, 2, 3, 4, 5, 6, 7 |
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