What do you guys think of RMTI. Pharma company waiting for an FDA approval. Looking to long for a 7-month period approximately.
Most are scams, but you can make money if you know what you're doing. Learn from the master, T. Sykes.
He makes his money by scamming people into paying for his services. Most of these successful pennystock "newsletters" basically start out by launching 100 newsletters with 100 different picks. Whichever ones do well continue, the rest disappear. Let's say 50 are successful by pure chance - those 50 newsletters will launch another 50 picks, of which 25 might be successful. So 25 newsletters are 2-0. Continue on and you have a newsletter that can advertise "100% success!" and is 6-0 or whatever. Once you do that, you start charging for your newsletter and get a bunch of people paying you. Then your future picks are successful because you con all these dumbasses into buying the stock based on your recommendation. Since it's a penny stock, it can easily move up based on these buyers so it looks like a successful pick. Rinse and repeat over and over again.
Sorry: I shouldn't say *he* does that, because I know nothing about him. But that's how most of these penny stock newsletter businesses are structured.
I bought some stock in Odyssey Marine Exploration (OMEX) a week ago, when it dropped below $1.90 .... I've made almost 50% profit, but it sure is a big risk. Looking good so far.
I actually know Timmy. I first met him during his Tulane days. Anyways, he plays a pompous, douche now promoting his penny stock business as the path to riches. If you read his FB feed, he is always posting random extravagances like his trips to Italy, Greece, Maldives, and pictures with his Lamborghini and so forth. It is all an act though. Timmy isn't really like that. He just is appealing to the lowest common denominator of people wanting to strike it rich in the market with using the least amount of effort. He makes over a million dollars a year from his website alone. He doesn't even make much money from his trading activities anymore. To see his trading prowess, you just have to look at his defunct hedge fund Cilantro Partners, LP. It blew up in just a few years. In the end he's basically a very good marketer and has found a way to make money doing whatever it takes. There are a lot of people here on Wall Street like that, so I don't really hold him in disdain over hurting the honor of high finance.
More bad news...and yet it pops...what do I know... http://money.cnn.com/2013/11/19/autos/tesla-safety-probe/index.html?iid=HP_LN
just got in IPCI.. up big after FDA says they can start selling generic focalin XR (ADHD medicine) PTs of $7-9 and more approvals on the way
sell the $10 HIMX Jan 2015 puts and you get $3.40 right away and are basically looking at 1) 34% profit in the next 13 months if himax goes over $10....which i assume it will with glass 2)buy HIMX for $10 - $3.40 which is $6.60.....a total steal seems like a fantastic play.....34% in 13 months is nice
