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Prince of Wall Street

1 year ago

in Why The Transparent Investment Management (TIM) Portfolio Has Failed on Investing Adventures
Calling the $25,000 that Timothy Sykes should have in his account if he is hit with the pattern day trader rule a margin call is not really correct. Your broker should suspend trading in your account from trading until you raise your account balance but they wouldn't sell your positions until you raised your account value to $25,000.

Yet, that is besides the point. I do agree with you when you say that Timothy should play by the rules that all small investors must follow. If ThinkorSwim is not enforcing the law that doesn't give Timothy a free pass. I'm not sure where fault lies for non-enforcement of the rule but if Timothy really wants to reprove his feat he should do it according to the existing securities laws. Calling the rule a stupid rule doesn't give Timothy a pass either.

Also, please check out this post by my friend Kevin Kelley writing on blogging stocks about a company that Timothy Sykes recommended. The post is entitled Beware of Bisolar: I Would Never 'Play the Pump' in This Stock. http://www.bloggingstocks.com/2008/01/14/beware...
The article certainly raises some interesting questions that I think Timothy Sykes should respond to it since Kevin did some outstanding research into the company.

1 year ago

in Have Blog, Will Blogroll!… Continued! on Investing Adventures
I would love an add of "Prince of Wall Street". http://www.princeofwallstreet.com

Would fit under News and Commentary or Fundamental Analysis
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