Girls, girls, girls. I like my mud wrestling show with more tits and alcohol and less verbal abuse. Since we had a live call, why don't we look at facts and numbers, although I am sure your brain is going to hurt. I am warning you...
Since unlike Surf, I like investigative journalism and logic, I googled "Tim Sykes technical analyses". Oh, the porn I have found, you should see it!!!
Anyhow, a stumbled upon his profit.ly reports, so let's check it out with his call posted it here:
posted on Friday:
Sykes says GNIN will crash Monday. He is short 26k plus shares. Any challengers?
Who am I to challenge anyone? After all I dropped out from school at 3rd grade for bad math, and I worked for Arthur Anderson as an accountant. I am not challenging anyone, but I like to look at numbers. They are sexy!!!
So it looks like GNIN nicely dropped from 1.58 Friday closing price to just under 1.2 on Monday (that is almost 25%) before bouncing back to 1.4. Nice drop, nice call, nice profit, if he stayed in for the drop.
But did he??? Well, this is where things get confusing. On this site, he says he was short 53K shares from 1.78 to 1.63, he shorted on the 13th:
http://profit.ly/1MnPAB?aff=12
Well, nice to know, but on this site they report a profit of 7534$ for the same short, exiting on the 18th:
http://www.timothysykes.com/2013/02/does-technical-analysis-work-for-penny-stock-promotions/
And here ladies, we have a few problems:
1. It says he was short 53K not what Surf said 26K. I guess 53 technically is 26+...
2. On Monday where the exit supposedly happened, price was nowhere near 1.63, the supposedly exit price. The open was 1.54, highest 1.55.
See, I told you your brain is going to hurt, I warned you. Now it is possible that he shorted it twice, but :
1. Why would you give an exit price that is way higher than any price on that day?
2. Since he was right with his call, he should be telling us:"see, I told you so, and I made 10-20%"
Anyhow, maybe once Surf finishes Journalism school he could ask his friend about these discrepancies. I am sure there is a simple explanation...
Until that, I am getting a drink, nevermind the interruption and ladies, please, carry on...
P.S.: For extra credit, a quote from one of his subscribers:
"cklinkertMar 15, 9:48 AM
This was my first attempt to trade with TIM

I
put in an order for 8k shares in IB last night, at $1.78 never got 1 filled, and I see it breaking right down now. I might need to study more, on how to get orders filled. Shame to have missed this..."