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Joe Springer
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It is very hard or impossible to time the broad market consistently — there are no famous investors that got rich by consistently knowing what the broad market would do next. This only makes sense, as there are just too many variables in the broad market. But there are many famous investors who... More
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  • Memo To Elisabeth DeMarse: Learn From Seeking Alpha 27 comments
    Dec 13, 2013 10:35 AM

    I'm waiting for The Street CEO Elisabeth DeMarse to reply my tweet and name anything of value The Street offers. She's got time to retweet crude obscenities from Adam Feuerstein.

    I wrote how I authored six doubles in a row here on Seeking Alpha. Adam Feuerstein would do that if he could, instead he shared this:

    Joe -- This is weak sauce but about what I expect from no-accountability contributors to Seeking Alpha. You got IMUC seriously wrong yet lack the moral courage to admit your mistakes. Joe, you're no "pro." That's for sure.

    This is exactly what The Street is. Childish and without value. Seeking Alpha offers real value and real content. Here you can learn and become a better investor, and The Street has everything to learn from Seeking Alpha.

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Comments (27)
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  • User666
    , contributor
    Comments (115) | Send Message
    keep them coming Joe, just beware of the biotech landmines
    13 Dec 2013, 10:39 AM Reply Like
  • subrkaus3
    , contributor
    Comments (98) | Send Message
    You need skills to write such detailed articles! Some people fail to see this and AF is one of them! Keep it going Joe!
    13 Dec 2013, 10:42 AM Reply Like
  • Derek Munyan
    , contributor
    Comments (19) | Send Message
    Joe - don't let those losers get under your skin.
    13 Dec 2013, 10:49 AM Reply Like
  • ilanfl
    , contributor
    Comments (114) | Send Message
    Wow. Childish is definitely the right word for that.
    13 Dec 2013, 11:01 AM Reply Like
  • Grand Nagus Kelly
    , contributor
    Comments (1838) | Send Message
    One thing I know from years of blogging is that feuds are good for traffic. That's what they care about. Not good advice or sound thesis. If SA allowed bad language I'd say swear at AF and collect the rewards from all the hits you'd get from people joining you Joe.


    Or just ignore him cause any jive turkey can pan a biotech. Takes one willing to perform hours of due diligence and days or weeks writing sound articles explaining a position to really perform a valuable service. Always look forward to your articles Joe. Continued success to you.
    13 Dec 2013, 03:50 PM Reply Like
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
    Author’s reply » Thank you Joe! Thank you very much my friend.
    13 Dec 2013, 03:59 PM Reply Like
  • User666
    , contributor
    Comments (115) | Send Message
    It appears that his tweet was deleted, hope you got a screen capture of it
    13 Dec 2013, 04:03 PM Reply Like
  • sallen12
    , contributor
    Comments (7) | Send Message
    I'm going to enjoy the professional admission of failure on Mannkind from the always accountable Mr. Feuerstein.
    13 Dec 2013, 05:05 PM Reply Like
  • User666
    , contributor
    Comments (115) | Send Message
    Adam is pretty good about admitting when he is wrong, but the name calling tweet was probably under duress of a family member in the hopital and his dogs recent health events.
    13 Dec 2013, 05:43 PM Reply Like
  • bholly1191
    , contributor
    Comments (20) | Send Message
    While I am sure most if not all of us lost money on IMUC the one rule that I have learned is never invest more than you can afford to lose. Although I will have to admit my stomach was certainly a little more than queasy when I heard the news on IMUC. That being said I have personally made more money following your information and advice than I have lost and until my crystal ball is up and running I will continue to do so. :) Thanks for everything!
    13 Dec 2013, 06:42 PM Reply Like
  • Grand Nagus Kelly
    , contributor
    Comments (1838) | Send Message
    Many of us traded in and out and did okay. Not okay enough for it to offset the bonehead moves I made this year but Springer is still one of the few I would buy a stock based on his recommendation. He knows what he's doing and I doubt many people can get, absorb and relay information better than he does. Not from what I've seen from my 3 years handling a portion of my investments.
    14 Dec 2013, 03:40 PM Reply Like
  • Ocean Man
    , contributor
    Comments (648) | Send Message
 is a completely worthless website.
    13 Dec 2013, 07:38 PM Reply Like
  • sheldond
    , contributor
    Comments (1463) | Send Message
    Actually it's awesome sauce....
    13 Dec 2013, 09:27 PM Reply Like
  • geekmichal
    , contributor
    Comments (4) | Send Message
    You're doing fine, Joe. No worries.
    14 Dec 2013, 06:44 AM Reply Like
  • tgar13
    , contributor
    Comments (239) | Send Message
    Don't go Changing, Joe! Adam could have congratulated you on
    Being spot on for 5 out of 6. He failed to appreciate your admission
    That IMUC was now dead money for a long while. I for one know that plenty got out close to $4! Joe, he is likely just jealous that your words move tickers! Keep doing what your doing I always have cash on hand for your articles!
    14 Dec 2013, 10:54 AM Reply Like
  • aboudi_sas
    , contributor
    Comments (17) | Send Message
    Adam Feuerstein is a joke, look at his call on SRPT... that just says it all (where he claims hes personally invested in it too) he got that so damn wrong. look at KERX, so many examples
    14 Dec 2013, 01:35 PM Reply Like
  • hautefearbrandnewgod
    , contributor
    Comments (222) | Send Message
    a pissing contest, i love these...
    you should make an article about it


    and joe, i like you and all, and you've made me some good money (except with IMUC but we all knew the risks and I hold no fault to you whatsoever)


    but let's be real. you pumping a few microcaps is hardly noteworthy.


    lets bring some proper perspective to things before we're so high on our own farts that replying to trolls starts to look like a good idea
    14 Dec 2013, 11:22 PM Reply Like
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
    Author’s reply » I think my record picking stocks is noteworthy. This is not the first time Adam has shown up to bash with credentials from The Street.
    15 Dec 2013, 01:34 AM Reply Like
  • hautefearbrandnewgod
    , contributor
    Comments (222) | Send Message
    too easy lol...


    joe, you're doing it again.
    re-read the last line of my previous post.
    learn to ignore the trolls.


    you're good at what you do (thus far) but that ego of yours will only drag you down.
    remember: there's always someone who's a bigger d#ck than you, looking to provoke you, and you can't win with them. the best you'll do is make yourself look bad. win by ignoring.
    actions speak louder than words etc. etc.


    and with that, i release you into the wild
    15 Dec 2013, 02:21 AM Reply Like
  • hautefearbrandnewgod
    , contributor
    Comments (222) | Send Message
    if you didnt notice by now, i was kidding about the "pumping" comment.
    i think your articles are some of the best i've read, anywhere.
    15 Dec 2013, 02:26 AM Reply Like
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
    Author’s reply » Oh, : )


    Thank you!
    15 Dec 2013, 02:53 AM Reply Like
  • det9
    , contributor
    Comments (50) | Send Message


    I was little late to your party but I made money both $TNXP and $IMUC.. Granted I am more of a swing trader but I did maximize my returns on Tonix but the same attitude helped me with $IMUC.. Two winners for me.. I cannot recollect a single trade based on what Street recommends or not becoz it needs courage to back up and you Sir did awesome..
    15 Dec 2013, 02:02 PM Reply Like
  • det9
    , contributor
    Comments (50) | Send Message
    Did not I mean
    15 Dec 2013, 02:03 PM Reply Like
  • TimeOnTarget
    , contributor
    Comments (3679) | Send Message
    Joe --


    Regarding "The Street" --


    First, I didn't see much in the way of a substantive comparison of results in the criticism, did you? Wonder why that was . . . .????


    Second, are you familiar with something called the Dunning-Kruger effect?


    Wikipedia's description begins as follows:


    The Dunning–Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than is accurate. This bias is attributed to a metacognitive inability of the unskilled to recognize their ineptitude.


    Hmmm. Wonder where that might apply . . . . .


    Third, "The Street" -- isn't the head guy there someone who was soooo stupid that he thought Lenny Dykstra was a good stock picker??????


    Lenny Dykstra????? Really????? He must be one of 10 people in America who was actually dumb enough to believe that. You can also rest assured that he probably doesn't employ people with more native intelligence than he has, because that would be threatening.
    8 Jan 2014, 10:12 AM Reply Like
  • Joe Springer
    , contributor
    Comments (2650) | Send Message
    Author’s reply » Hahahahahahahahahaha!


    As a die-hard 1993 Phillies fan, that BLEW MY MIND!
    8 Jan 2014, 03:10 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (563) | Send Message
    Mitch Williams: I wouldn't want Lenny doing my taxes, but he had the best baseball mind I ever saw
    8 Jan 2014, 03:15 PM Reply Like
  • TimeOnTarget
    , contributor
    Comments (3679) | Send Message
    Michael Lewis recounted Billy Beane admiring Dykstra's baseball mind in "Moneyball." It has been a while since I read it, but my recollection was that what Beane perceived as Dykstra's strength was his self-confidence and his ability to immediately discount anything occurrence or criticism that conflicted with his rather rosy view of his own abilities.


    When I first happened across an article or advertisement about Dykstra dispensing financial advice I was incredulous. I recalled thinking it was so funny that I sent an friend (who is a sports show producer for one of the networks) an email about it. This is the text of that email (dated December 5, 2008).


    "On a more serious note, I’m sure you are troubled by the economic indicators. In these uncertain times, it is important to get financial advice from someone who has a good reputation and has an established record of performing consistently and well over a long period of time. For me, the choice was obvious: Lenny Dykstra. (See Attachment) Think about it. Who else is as intense as Dykstra? That’s why I rely on him for help in selecting wines too. (See Attachment 2)"


    The first Attachment was a PDF of "Nails on the Numbers." The second attachment was a copy of a Sports Illustrated article about Dykstra grossing off in France and buying hyper-expensive wines. (I was curious whether he took his dip out before he drank the wine, but SI didn't provide that detail.) Here is a link to the SI article from 1993 (Joe -- this would be the time, eh?)



    The SI article is well worth a read. I was never a Phillies, Mets, or Dykstra fan, but he certainly never struck me as cerebral even before the SI article. When I saw the "Nails on the Numbers" thing, the SI article immediately came to mind.


    Dykstra . . . a financial fraud? Golly, who would have ever suspected he wasn't a financial genius.
    8 Jan 2014, 04:17 PM Reply Like
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