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Monk For American Greed???

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Moderator: hermon munster Assistants:
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Last Post: 2/16/2016 12:11:31 PM - Followers: 19 - Board type: Premium - Posts Today: 0

This board is for people who think that the seminar host that goes by the nickname Monk would be an interesting person for CNBC to profile on the show American Greed.

 

 
"American Greed is a weekly American television series that airs on CNBC. The program is produced by Kurtis Productions.

The program focuses on the stories behind some of the biggest corporate and white collar crimes in the United States such as WorldCom, HealthSouth and Tyco. In addition, stories about more common crimes such as insurance fraud, murder, embezzlement, art theft, Ponzi schemes, credit card fraud, bank robbery, money laundering, identity theft, and medical fraud are also featured. Other topics have included the story behind the famous Mustang Ranch in Nevada and the rise and fall of boy band impresario Lou Pearlman. American Greed is narrated by veteran actor Stacey Keach."

This board is not saying that Monk broke any laws. If the story of the rise and fall of Monk's Den is covered by CNBC it would probably be under the "other topics" section.

For those that are not familiar with the show, it details the greed on both sides of the transaction. The "victims" were greedy in expecting/wanting multiples of the returns that are generated by reputable firms year in and year out. The "leader" is typcially greedy for money, power, or fame. In the end, both parties usually lose big.

Hopefully the stories recounted will serve as a cautionary tale for people who are exposed to ideas and schemes that are "too good to be true" or just "so crazy that they just might work."

 The moderator was never a part of the inside group and welcomes information, especially pertaining to the selection of new Float Lock Downs (FLD) and any front running of the announcement to "the team."

Any one who lost money on the advice, stock picks, or suggestions by Monk, or anyone for that matter, can only rightfully blame themeselves.

 

 

About the moderator 4/25/11

Hermon Munster bought into stocks that were mentioned by Monk on the ihub board Monk's Den. These included SUGO, EIGH, CDIV, PNTV, and GRNO. At one point in early 2010 he was up about 400% in CDIV and had about 22k in his trading account. He had foolishly convinced himself that he was part of a team known as "The Den" that would hold until a short squeeze occured so he didn't sell or even put in a stop order to protect his massive gains. In April 2010 he had about 15k in his trading account and went to a "Monkinar" (stock trading seminar hosted by Monk) in Indianapolis, IN. There he met many great people learned how to read stock charts, rules on when to buy/sell, and heard the FLD concept explained by Monk. Post Monkinar, Herman Munster decided that stock trading would be his second career and devoted 100s of hours to paper trading. He wrote down all his paper trades for about 120 trading days and the results were impressive. he attended an "advanced Monkinar" in Pittsburgh in the hopes of being completely prepared to trade with the money he would get from the first FLD squeeze. Unfortunately the stock prices of his largest holdings SUGO, CDIV and EIGH collapsed and Herm now has about $2600 in his trading account (starting with $2400. He swing trades with a goal of making ~$100/wk and one day will reach the 25k needed to be a pattern day trader. (Hermon still owns 29,230 shares of EIGH because his online broker, Zecco, will not allow him to enter sell orders) Fortunately, he has devolped beyond the need for a guru, is making his own way in the markets, and encourages all others to do the same.

7/11/11 update
The moderator has been in contact with ~10 people who have attended Monkinars. All of these persons have either said that they were scammed or that Monk did not know how to trade. Unfortunately the moderator has had to expend great efforts to unlearn the inadequate information that was presented in the basic and advanced Monkinars. The effort is paying off. HIs trading account now stands ~$3600 or 48% gain for the year on 106 trades.

8/15/11 update
Moderator was trying to trade above his ability during the debt ceiling and S&P downgrade crises. Failure to set adequate stop losses caused him to take substantial losses. Currently -$1000 for the year. Patience is needed. Will improve day by day. The goal now is to have no goals other than to keep at it and save or trade my way up to 25k in the next 8 years. Failure will be not day trading by 2019.

PostSubject
#54   Randy? Drew? Harold? ShootinBlanks 02/16/16 12:11:30 PM
#53   if i had a pen i would throw Canada 01/31/12 07:00:33 PM
#52   Surely the MIAB made some happy.................. Ichauway 01/31/12 02:40:16 PM
#51   I feel bad for all those that spent Canada 01/30/12 05:23:45 PM
#50   I haven't heard anything lately. The MIB ShootinBlanks 01/30/12 12:27:39 PM
#49   Thread has been dead for a while, does Canada 01/16/12 07:37:54 PM
#48   It would never be allowed on iHub... Weird·o 09/19/11 09:57:06 PM
#47   :-D Weird·o 09/19/11 09:56:35 PM
#46   Wow, I can't believe their is a board optiontrades 09/12/11 09:43:28 PM
#45   Yes. I don't pay attention to this stuff all ChrisJP 08/22/11 06:42:16 AM
#44   You really are this far out of the loop? Weird·o 08/21/11 11:42:17 PM
#43   Ihub shut down Monk's Den ... Lies ... jmo Weird·o 08/21/11 11:38:06 PM
#42   lol I just tried to post there and ChrisJP 08/18/11 02:48:33 PM
#41   Ihub shut down Monk's Den ShootinBlanks 08/18/11 02:43:35 PM
#40   Thanks for the update. I also noticed no ChrisJP 08/18/11 02:41:57 PM
#39   http://www.bcsc.bc.ca/comdoc.nsf/comdoc.nsf/webpolicies/E9AA49F440BB0698882578E7 Canada 08/11/11 11:03:09 AM
#38   I forgot to add this yesterday :-) ShootinBlanks 08/11/11 12:27:06 AM
#37   Was a nice bottle. Canada 06/14/11 02:18:16 AM
#36   This board looks pretty good to me. overachiever 06/13/11 06:49:50 PM
#35   thats CLASSIC. EarnestDD 06/13/11 06:47:43 PM
#34   Thirsty people have been known to drink sea Sidney 06/10/11 04:39:52 PM
#33   Hey Sidney, hermon munster 06/10/11 04:10:50 PM
#32   We had good times, and learned something so Canada 06/08/11 09:27:31 AM
#31   Nice board you got here. Sidney 06/07/11 09:20:47 PM
#30   Thought this hit the nail on the head. Canada 05/23/11 02:22:46 AM
#29   DOH!!!!!! Thanks for playing though, "NMC".... ordinarydude 05/03/11 07:40:14 PM
#28   yummy BerryBuck 05/02/11 02:28:10 PM
#27   and now they have a court doc where timmyjames 05/02/11 03:27:34 AM
#26   Love the board lol DayTradingAlgo 05/01/11 08:03:52 PM
#25   Is the pilot for the show in the ShootinBlanks 05/01/11 01:32:17 PM
#24   Yes, it really is... janice shell 04/30/11 11:17:23 PM
#23   Well, well, well... interesting reading tdksp84 04/30/11 11:16:51 PM
#22   This may help you in your quest: janice shell 04/30/11 11:12:23 PM
#21   Not the same person Canada 04/30/11 02:48:37 PM
#20   interesting board, Can this be are boy Bertsllc 04/30/11 08:19:22 AM
#19   What was deleted???? Canada 04/29/11 06:38:56 PM
#16   With all due respect Nicole, do you honestly ShootinBlanks 04/25/11 04:11:07 AM
#15   I find this board quite appalling...Monk did not NMC 04/24/11 09:54:39 PM
#14   I remember the days when I couldnt wait Mick Dodge 04/24/11 09:33:34 PM
#13   I believe he was referring to topics of Canada 04/23/11 10:52:30 PM
#12   I see you are referring to Ponzi Gainonem 04/23/11 02:56:41 PM
#11   So if the show is about American Greed Gainonem 04/23/11 01:38:46 PM
#10   Thought I would stop by and say hi!!!!! Losingmoney 04/22/11 06:47:40 PM
#9   What's up Canada Eh!?! hermon munster 04/22/11 06:35:29 PM
#8   Whats up Munster and Blanks... I honestly have Canada 04/22/11 03:50:24 PM
#7   Indeed. Good lessons were learned. I'm glad I hermon munster 04/22/11 12:43:58 PM
#5   Unfortunately the only taste that Mr. Blanks experienced hermon munster 04/22/11 12:37:47 PM
#4   http://images.investorshub.advfn.com/images/uploads/2011/4/22/dylwvGlendron ShootinBlanks 04/22/11 12:36:02 PM
#3   A little background on the scotch for those hermon munster 04/22/11 12:30:43 PM
#2   I want my scotch back! lol ShootinBlanks 04/22/11 12:25:26 PM
PostSubject