Timothy Sykes News

[TimothySykes]

Quote from alpha-beta-blah:

I was not defending you as a trader and certainly not as a teacher. Rather I was pointing out that a trader could have such a draw down and still be considered a good trader. Actually once they achieve new account highs after such a draw down (50% draw down means you need a 100% return to recover) you are one heck of a trader who can remain come and unemotional to preserve.

Gotcha thanx--been keeping my guard up a little too much lately

 

[El OchoCinco]

Quote from TimothySykes:

You don't need to play every Penny Stock that goes up, some take patience. For now, SCON is a waiting game and thats what that post was about. You've been brainwashed by too many talking heads into thinking you need to play every stock one way or the other immediately.

No.

I will continue posting my thoughts without taking positions because they are intro posts so my students will have done their research ahead of time when the price action is more to our liking.

Patience, Planning ahead, researching ahead of time before taking positions==these are the practices I preach.

It is not about playing every stock up or down, it is analysis that says nothing. For someone with no financial education, trading floor experience, institutional risk management work, or at worst a financial broker position, you do not have the credentials to say what people are brainwashed by. Please find me one person on this site that that needs to be told a stock could go up or down as a prelude to being prepared.

I expect written analysis to provide some detail one could not decue for themselves in general, yours said the stock could crash or run to $25. You have been brainwashed into thinking that what you said is signficant when anyone can say what I said, SCON will go up or down. If I walked up to the most financiallly illiterate person on the streets, I could get the same analysis.


And if you practiced what you preached you would not be in CYGT right now.

I am not trying to argue with you honestly. But you must think we are all clueless here with the comments you make. You do realize that there are people at this site with advanced degrees in finance and business, years of experience working at trading firms, institutions, running funds, managing money, working with major banks, etc.

 

[brokerboy]

Quote from optioncoach:


I am not trying to argue with you honestly. But you must think we are all clueless here with the comments you make. You do realize that there are people at this site with advanced degrees in finance and business, years of experience working at trading firms, institutions, running funds, managing money, working with major banks, etc.

Those are the people Timmy you should call the evil doers. If you call them the evil doers than you don’t have to elaborate.

 

[quantsteve]

Quote from optioncoach:

I come from a world where titles should be truthful or it is false advertising or misleading the public.

You can say whatever you want, shorting a $30 stock is not Penny Stock trading.

Lets look at SCON since you posted it:

"My advice: sit on the sidelines and let the hype play out. China and wirless are not two trends you want to go short on when there's seemingly unlimited potential...for now. There's been plenty of chances for profit taking and yet even with several dips, SCON has continued making new highs. That's a good sign hype is in charge...for now. Of course, I wouldn't buy the stock either as this really could collapse within a day or two if there's any hint that this joint venture isn't all it's cracked up to be. If I'm right and SCON keeps heading higher, these kinds of plays like to go out with a bang, we're not talking $13 or $15, but $20 or even $25--yup, it can get crazy. If that kind of price action occurs, then I might buy in for a few quick hits, just because I know the shorts will be crying out in unison as they get squeezed higher. "

So you would not short it and you would not buy it..... and it could collapse within a day or two if some bad news comes through and it can hit $25 a share.

Basically you have said nothing nor made any prediction to short or buy the stock. GENIUS. If the stock crashes or explodes to $25 you can claim you are right.

Typical BS Timmay comments about SCON, with no prediction to short or buy.

 

[TimothySykes]

Quote from optioncoach:




I am not trying to argue with you honestly. But you must think we are all clueless here with the comments you make. You do realize that there are people at this site with advanced degrees in finance and business, years of experience working at trading firms, institutions, running funds, managing money, working with major banks, etc.

For still being in CYGT now, they are restricted shares (as has been the case for the majority of 2007, which is why when people said my trading was suffering they had no clue what they were talking about), nothing I can do about that. I practice what I preach NOW that I've learned from my earlier mistakes.

As for advanced degrees, firm experience, whatever--I call it the way I see it and its worked pretty damn well for me over the years. You forget most people don't want technical jargon and thats why people relate to my non-technical POV

You give industry outsiders too much credit (you haven't read the emails I get!)--they know so little about the market, they need introductory posts like that. You don't need to predict where stocks go every second of every day, that's not reliable and thats not my game. I put potential plays on watchlists and then act during the slice of time when I think I can predict the price action. Trading happens fast so I wo0uldn't have time to post that long analysis during the trading day. Understand better now?

 

[Surdo]

Quote from TimothySykes:

For being in CYGT now, they are restricted shares, nothing I can do about that. I practice what I preach NOW that I've learned from my earlier mistakes.

If CYGT is restricted stock, you probably are in violation even talking about your position.

I hope you have a good securities attorney schmuck.

e s

 

[El OchoCinco]

Yeah it is difficult to write 2 paragrapsh how a stock might go up or down during the day when you are on ET, TV, and blogging. Next time just say:

SCON: stock could crash or go higher (took 5 seconds).

 

[TheDudeofLife]

Quote from Munehisa Homma:



Tim, I am not gonna out myself publicly. But if you want to PM me we can chat and i`ll tell you who this is.

Tim is still in the closet too...Be brave boys and come out.

 

[TimothySykes]

Quote from Surdo:

If CYGT is restricted stock, you probably are in violation even talking about your position.

I hope you have a good securities attorney schmuck.

e s

I'm a private citizen now, but everything fully disclosed at the end of my book, but thanx for your concern

 

[quantsteve]

Quote from optioncoach:

Timmay: Yeah it is difficult to write 2 paragrapsh how a stock might go up or down during the day when you are on ET, TV, and blogging. Next time just say:


SCON: stock could crash or go higher (took 5 seconds).

LOL..LOL..

SCON: could go up or down
(oh, also please buy my book/dvd)