DD Support Board and Research Team

[StockdungU]

Sad about Timothy Skyes if true. Itrackr Systems was a stockfraud. Maybe Tim can use this as an example at his next seminar

"The SEC alleges that John G. Rizzo, the former CEO of iTrackr Systems Inc., used offshore boiler rooms to solicit foreign investors as he attempted to evade registration requirements under the U.S. securities laws. The boiler rooms raised approximately $2.5 million from investors living in the United Kingdom. Unbeknownst to investors, Rizzo funneled the money raised to his bank account in Belize. After paying commissions to the boiler room operators, he used investor money to pay his personal expenses." http://www.sec.gov/litigation/litreleases/2013/lr22770.htm

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Timothy Sykes out members with $100,000 stock promotion

In Timothy Sykes “About Tim” section he states the following:

“Battling against those in finance who misinform and lie, I’ve made enemies with soulless penny stock promoters, certain CNBC commentators…”

Well after his recent stock promotion of Itrackr Systems Inc (IRYS), of which he was paid $50,000 to alert (his publisher received the other $50,000), he might be adding another group of people to his list of enemies: his subscribers who pay anywhere from $497-$5,000 for his services.

Now to be fair we have never tried out Mr. Sykes services for ourselves and we have heard good things. One of the best compliments we have heard about his services is the way he exposes how to profit from penny stock promotions. From what we can gather, the strategy goes something like this… when a stock gets pumped, there is always an inevitable dump, so short the stock during the promotion and eventually profits will follow (we would assume there is alot more involved like the use of technical analysis and what not but for the sake of simplicity sake we are keeping things basic).

That is why Mr. Sykes $50,000 promotion to his members of IRYS caught us by such surprise. While we applaud the up front and honest write up that he did (we’ll copy it below), this just isn’t his M.O. Take a look for yourself:

Urgent Trade Alert: IRYS is on the Move!
BY TIMOTHY SYKES | FEBRUARY 29TH | FREE TRADE ALERTS
Volume is picking up quickly on iTrackrSystems (IRYS) in the first day of a week-long stock promotion.

The IR company has sent me receipts showing 800,000 direct mail pieces promoting IRYS are scheduled for release next week, and a $300,000 email marketing campaign has begun just today.

One promoter jumped the gun in mailing out yesterday, so the stock is already enjoying record volume.

I was going to send out this alert Friday, but because of the quick movement in volume, I felt it important to give you this alert NOW!

Now, how do I know such details about their stock promotion campaign?

Well, my publisher and I were paid $100,000 to announce this trade alert. I only did it because I’d get to be among the first to release the pick, giving you the best opportunity possible.

The email campaign has just begun. The entire direct mail campaign is set to hit starting next week, so watch IRYS VERY carefully.

This is so not Timothy Sykes! This is the type of email that a typical run of the mill stock promoter would send out and then Mr. Sykes would be alerting his members to get ready to short it, not buy it! Hey, we don’t blame him necessarily, $50,000 is a nice pay check for one days worth of work. However, we find his promotion of IRYS very hypocritical. After all, Mr. Sykes has a reputation as being a great short trader and teaching others how to profit from the sleaziness of stock promotions.

Yet here he is telling members how he has seen the receipts of the hard mailer about to start on IRYS and that makes it okay? Mr. Sykes told us how he has made enemies with those promoters who “misinform” the investing public about penny stocks so we assume he wouldn’t be in favor of misleading the investing public either.

While we don’t doubt Mr. Sykes has seen those receipts aren’t his statements kind of like a girl leading on a boy? His comments certainly make it seem like good things are coming for IRYS in terms of price appreciation, do they not? Well at a current price of $0.44, IRYS is down nearly 50% from his alert in the $0.70-$0.80 range.

As for Timothy Sykes the trader and teacher, we have no doubt he is very good at what he does, his track record of success and large following prove that. We were just disappointed to see someone who seems so grounded in his trading principles commit what is such an act of hypocrisy in our opinion.

We’d be the first to tell you that stock promotion is a profitable and very legitimate business (if you do it the right way), we just wish those who choose don’t drop hints of further promotion to come (eve if they are or do like in IRYS’s case). Doing so creates a perception that the stock has to rise no matter what and obviously IRYS hasn’t done that. Mr. Sykes didn’t factually mislead the investing public, but in our opinion he did so by perception. Scroll back up and read his blog post on IRYS for yourself, would you not come away thinking IRYS is going to rise in price?


IRYS is a good example of why none of our emails ever talk about anything other than the technicals of the chart or a news release. We outline support and resistance and inform you of what the news was (if there was any) and that’s that. So if you want to spend $400-$5,000 for the services that Mr. Sykes offers, go right ahead and please let us know what you think. In the meantime, we’ll keep offering our services completely free of charge.

Your STOCKHAVEN Team

Sources for article:

marketauthority.com

timothysykes.com

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