Trader Timothy Sykes explains the technical mechanics behind penny stock momentum and short squeezes.
0:00 / 0:07exact quote · 7.2s
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“Big percent gains tend to, you know, create more big percent gains as short sellers enter too early as momentum traders pile in.”
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More from Timothy Sykes
AssertionNot checkable as stated
Sykes: Made $20M teaching in 2015, but only $100K from trading
“Roughly twenty million and trading profits were the same, roughly a 100,000 dollars because I trade with such a small account.”
Timothy SykesOct 12, 2016▶ 13:09EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
AssertionSupported
Sykes: John McAfee's penny stock tanked 50% under an SEC investigation
“His penny stock has also gone from 30 cents to four dollars a share, and it just tanked 50% in the past two days now that he's under SEC investigation.”
Timothy SykesOct 12, 2016▶ 22:25EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
Opinion
Sykes: Early 2000s Penny Stock Trading Strategies Still Work Today
“Yeah, they still work. You know, I trade penny stocks. They're very volatile. They're very scary. You know, not as much as in 1999 and 2000 when I got started in the right time at the right place, you know, during the bubble, but there's still a lot of volatil…”
Timothy SykesOct 12, 2016▶ 3:41EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
AssertionNot checkable as stated
Sykes: Multiple Students Turned Thousands Into Millions
“Now I have actually a few millionaire students who have turned a few thousand into a few million already too.”
Timothy SykesOct 12, 2016▶ 12:33EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
AssertionNot checkable as stated
Sykes: I Have Received Death Threats From Penny Stock Promoters
“I attack promoters. I've gotten death threats.”
Timothy SykesOct 12, 2016▶ 14:03EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
AssertionNot checkable as stated
Sykes: Turned $12,000 Bar Mitzvah money into nearly $2 million
“And I screwed up all their plans by turning the 12,000 into nearly two million in my first four years.”
Timothy SykesOct 12, 2016▶ 3:09EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes
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