Did Altucher fail as a trader?

I'm sorry, I could have used other words. I just don't understand why somebody with a repuation would write such an article, about such a speculative stock. Even if it is a good investment, to many it will appear to be not well intended (or perhaps it's just me).


Someone posted this in response to the article.

Today, Vringo announced that they they will be selling 2.7M shares of the stock via this SEC filing: http://www.sec.gov/Archives/edgar/data/1410428/000114420412018984/v307921_s3.htm. This is a secondary filing, meaning all proceeds will go directly to shareholders.

It appears the same happened almost exactly 2 years ago with the same largest shareholder selling secondary shares immediately after Altucher's article. The company was Star Scientific (CIGX), with Altucher's article here (http://seekingalpha.com/article/197650-did-star-scientific-just-find-a-cure-for-alzheimer-s-disease) and the secondary filing happened just a couple of weeks later with this S3 prospectus (http://google.brand.edgar-online.co...mpanyid=5213&ppu=%2fdefault.aspx%3fsym%3dCIGX). His claim was that the stock would go to $15-20, but it is still around the same range of $3 as it was two years ago.

The same shareholder in the 2 companies selling secondary shares is Iroquois Master Fund Ltd, in the case of Vringo representing the largest sale of shares and in the case of CIGX the second largest sale of shares.

It is true that it would make sense for shareholders of both companies to de-risk by selling some shares after getting a bump in the stock price, but doesn't this seem more than coincidental?
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Quote from Vishnu:

Only because you asked me 10 different questions in a row then acted like you asked only one...
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I would best describe that remark as "factually inaccurate." And back to only 10, are we?
Quote from Vishnu:

...you have asked me over a dozen questions...
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Unless you're counting each time I asked the same question as it remained unanswered in your response posts. And were my questions disparaging in any way? Were they not natural and logical questions to ask of someone who wrote the article that you did? If you are so touchy about the subject matter, then perhaps you should refrain from writing about it. And certainly you should not make yourself available here only to ignore questions while pretending to discuss the subject.

I have yet to insult you, something that was never my intent, and you have already attacked my credibility and lied about what has transpired thus far. Did I miss anything?
 
Quote from macrotrader:

I'm sorry, I could have used other words. I just don't understand why somebody with a repuation would write such an article, about such a speculative stock. Even if it is a good investment, to many it will appear to be not well intended (or perhaps it's just me).


Someone posted this in response to the article.
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I was writing about google really. Its an interesting story about them.

I have no real worthwhile interest either side. It was just an interesting story to me because I went to grad school with the main guy involved. I never once in the article recommend a buy or a short of anything. The merger with Vringo is not even done.

As for my record: INHX went from 1.80=>26
AAPL from 350 => 650
CIGX from 1.50 to 3+
PIP from 1.50-1.80 (round trip from 5)

and on and on. ANd yet for some reason anonymous people keep asking me to defend myself.
 
Quote from Brass:

I would best describe that remark as "factually inaccurate." And back to only 10, are we?

Unless you're counting each time I asked the same question as it remained unanswered in your response posts. And were my questions disparaging in any way? Were they not natural and logical questions to ask of someone who wrote the article that you did? If you are so touchy about the subject matter, then perhaps you should refrain from writing about it. And certainly you should not make yourself available here only to ignore questions while pretending to discuss the subject.

I have yet to insult you, something that was never my intent, and you have already attacked my credibility and lied about what has transpired thus far. Did I miss anything?
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Rather than me doing it, can you please go back and look at all the questions you asked me and all of the ones I politely answered.

Then I ask you one question and you never responded.

Really, this is enough said. I'm signed off now.
 
Quote from Vishnu:

Rather than me doing it, can you please go back and look at all the questions you asked me and all of the ones I politely answered.

Then I ask you one question and you never responded.

Really, this is enough said. I'm signed off now.
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Quote from Brass:

Ask me your question, directly and without allusions, and I will answer it directly and without allusions, providing you also answer the remaining question I asked that you keep ignoring.

And all this, even though this thread is not about me. I did not write the article in question, which is now under review here. I did not make broad, sweeping generalizations. And I do not refer to a whole list of impressive accomplishments in an effort to support my broad and sweeping generalizations, in part because I try to avoid making broad and sweeping generalizations about trading and the markets in the first place.
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Quote from macrotrader:

So, what up with the VRNG thing? He writes an article which implies that Google might go to 0$ and some obscure penny stock might reap billions. 30M$ for a company with negative equity and no sales. If this isn't stock manipulation, I really wonder what is. Strange, this coincidence with this post about how nobody makes money except manipulators. Sorry, this looks and feels like a pure pump&dump. Nothing good will come out of it, perhaps some $$$ on the coming inevitable up&down swing. So that is where the easy money is... capitalism at its finest.
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Read between the lines, he failed at one thing and now he is back at what he can do. Writing pumps...sorry, I mean articles about small float stocks is the easiest way to make profit - you only need a handful of buyers to lift the stock considerably.
He is trying to "help" the readers just like Goldman Sachs is trying to "help" their clients.
 
Quote from Gueco:

It seems to me Altucher found a way to monetize that blog of his. VRGN is going crazy since his article.
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of course, until the SEC gets wind of it...
 
I would be curious as to what they say changed to make it easier these days.

Personally, I have not spent much time wondering about easy or hard. Making money consistently is far more engaging.
 
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