Tuesday, June 29, 2010

Cramer and Dykstra Pennystock scandal!

Wanted to get you this article as quickly as I could as it’s HUGE NEWS that could lead to some MAJOR changes. This article is courtesy of Tim Sykes, and I highly recommend jumping on his educational videos asap!

As I wrote a few weeks ago, the failed Trader Monthly magazine editor-in-thief, as several ex-employees refer to him, Randall Lane, has been writing his memoirs these past few months, exploring all the angles of what it’s like to bankrupt not just one but two magazines and deserve the absolute hatred of just about every person I talk to in the financial publishing world.

The guy owes money to nearly half a dozen financial writers and is the subject of one of my most popular blog posts ever.

But as an editor-in-thief who won’t stay down, he’s turned to his latest writing gig at The Daily Beast (along with reviewing NYC’s top restaurants???), he’s resorted to implicating Jim Cramer and his prodigal son Lenny Dykstra in a nasty penny stock promotion scandal in the article below.

Shady Randall Lane claims shady Jim Cramer employee Lenny Dykstra took “$250,000 worth of secretly issued stock—in exchange for recommending that stock to TheStreet.com subscribers” which makes Jim Cramer shady for recommending shady Lenny Dykstra as anything other than a thug (I’ve written about Dykstra too) Students of my video lessons know this kind of corruption goes on all the time and the beautiful thing is that its predictable enough to be consistently profitable for those who learn to identify it.

As Jim Cramer’s ratings and TheStreet.com’s ratings prove, nobody expected much from them anyway, but this is a great example of why I’ll probably NEVER have anyone else writing on my site–it’s just too easy to take a big wad of cash from some junky penny stock and pass it off as a real pick…scandalous but true.

I WILL NEVER TAKE A DIME OR SHARE FROM ANY PENNY STOCK OR THEIR SHAREHOLDERS, MY STRATEGY AND MY PICKS ARE PURE AND REAL.

It’s early in this case as Randall Lane’s word is about as solid as his financial publishing reputation (absolute shit), so read the article below and let’s see how this thing plays out…Cramer has made a ton of enemies over the years so I wouldn’t be surprised to see them pounce on this and make it bigger than it probably is:

Oh and please do try to ignore the passages that require further editing such as:
“I was running a company I had co-founded: Doubledown Media…” should read “I was running a company into the ground…”

Stay on top of this stuff like I do!



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