Tom Armistead's  Instablog

Tom Armistead
Send Message
I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
My blog:
Tom Armistead's Instablog
  • No Longer Posting At Seeking Alpha 34 comments
    Mar 27, 2014 6:33 AM

    I'm no longer posting here, because I don't like the negative press the site receives about pump and dump schemes and the lack of professionalism of the content.

    My thanks to those of you who followed me and joined the comment stream on my articles. You helped me become a better investor.

Back To Tom Armistead's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (31)
Track new comments
  • JYucca
    , contributor
    Comments (242) | Send Message
    I am sorry, though I respect your decision. I hope that you will continue elsewhere and let us know. Your articles have provided good insight in an amusing style.
    27 Mar 2014, 07:07 AM Reply Like
  • sneaker1404
    , contributor
    Comments (465) | Send Message
    Good luck in all you do Tom. I learned a lot from your articles. Thank you.
    27 Mar 2014, 07:17 AM Reply Like
  • Big Thunder
    , contributor
    Comments (1295) | Send Message
    Sorry to hear that, Tom. I've enjoyed hearing your analysis and perspective. All the best to you.
    27 Mar 2014, 07:30 AM Reply Like
  • Perkins Cove
    , contributor
    Comments (640) | Send Message
 sound like a man of integrity. Wish more people had it. Best of luck to you...although you probably don't need "luck". Cheers.
    27 Mar 2014, 07:44 AM Reply Like
  • Matt Cilderman
    , contributor
    Comments (441) | Send Message


    Sorry to see you go. PM me if you end up somewhere else.


    Matt Cilderman
    27 Mar 2014, 07:53 AM Reply Like
  • Profit Fan
    , contributor
    Comments (348) | Send Message
    Very sad to hear Tom, keep us informed if you set up and start posting somewhere else. Thanks for all of your work!
    27 Mar 2014, 08:54 AM Reply Like
  • Tom Shaughnessy
    , contributor
    Comments (1151) | Send Message
    Sad to hear you go Tom, the best of luck. You have a lot of integrity.


    27 Mar 2014, 09:06 AM Reply Like
  • Robin Heiderscheit
    , contributor
    Comments (3334) | Send Message
    Tom, is it the "negative press" you don't like or alternatively that you suspect the negative press accurately depicts "pump and dump" schemes? Your note was unclear.


    I would really like you to reconsider. You are the epitome of the idea that advanced education can be provided by people outside the ivory tower.
    27 Mar 2014, 09:31 AM Reply Like
  • Tom Armistead
    , contributor
    Comments (6300) | Send Message
    Author’s reply » Robin, I just finished a discussion on the contributor's forum where we were discussing what both I and my colleague considered to be blatant pump and dump. I have seen way too many articles that give me that impression.


    My colleague is considering confrontational tactics. I'm more of a vote with my feet type and I'm hesitant to do unpaid lawyer work to document this type of stuff, dotting the i's and crossing the t's when anybody can tell at a glance what they are.
    27 Mar 2014, 09:41 AM Reply Like
  • Leftfield
    , contributor
    Comments (4073) | Send Message
    Tom - Sorry to see you go; hope you reconsider.


    Pump and dump seems rife and often obvious on SA but the internet generally is wide open territory for anyone's post and it requires and I believe, helps develop skills of discernment. The interactive nature of SA aids this process enormously despite the pump stories which are loaded with fanboy comments, but these can be avoided once spotted. But also the level of commentary on SA often rises to very high levels of insight and expertise. It doesn't require accreditation to participate, so ideas must be ascertained and judged by the participants and users and they sink or swim on their own merits.


    It will be a shame to lose one of the very positive influences on the site because of the bad apples.
    27 Mar 2014, 10:28 AM Reply Like
  • pemdas1
    , contributor
    Comments (264) | Send Message
    A huge loss for Seeking Alpha.
    27 Mar 2014, 09:31 AM Reply Like
  • expatsp
    , contributor
    Comments (304) | Send Message


    I too am sad to see you leave. You've helped me become a better invester and you come across as a man of wit and integrity. If you set up your own blog or post somewhere else, please let me know.


    Personally I ignore the vast majority of SA, including the home page, and go straight to "my feed" where I follow a handful of people, yourself included. But I understand you not wanting to link your good name to a sleazy site and I wish you only the very best.


    27 Mar 2014, 09:37 AM Reply Like
  • loonsong
    , contributor
    Comments (348) | Send Message
    Thanks Tom,
    You added to my day with your thoughts about
    stocks and hiking. Maybe I'll see you on the trail
    some day,
    Best regards,
    27 Mar 2014, 09:44 AM Reply Like
  • Hendershott
    , contributor
    Comments (1906) | Send Message
    Well, rats. You're not wrong on the recent pump and dump attempts. Cheers. DH
    27 Mar 2014, 09:50 AM Reply Like
  • Jimbot3500
    , contributor
    Comments (64) | Send Message
    Thank you for your contributions, Tom. I had you in my "feed" and I always enjoyed your insightful commentary.


    Best of luck to you.
    27 Mar 2014, 11:52 AM Reply Like
  • Alex Rasmussen
    , contributor
    Comments (263) | Send Message
    Always enjoyed your contributions Tom. Good empirical work, common sense approach, and always a good eye for value.


    I hope you'll continue your contributions elsewhere. All the best.
    27 Mar 2014, 12:14 PM Reply Like
  • Augie91
    , contributor
    Comments (349) | Send Message
    Always enjoyed your articles!!!
    27 Mar 2014, 12:27 PM Reply Like
  • dancing diva
    , contributor
    Comments (2767) | Send Message
    Tom - you will be missed. Even though you won't be a contributor I hope you will still comment on occasion.
    27 Mar 2014, 12:42 PM Reply Like
  • djsulli
    , contributor
    Comments (2763) | Send Message
    Tom - I understand your reasoning and respect your decision. You, and your articles and comments, will be missed. You are one of the very few people I follow on this site. The clarity, and integrity, of your writings were at the highest level. If you are going to publish elsewhere I sure wish you would let us know where that is.


    Thanks for all you have done in the past and best of luck in the future.
    27 Mar 2014, 04:11 PM Reply Like
  • The Last Boomer
    , contributor
    Comments (1080) | Send Message
    Good luck, Tom! I learned from you and I'll miss your thoughtful posts.
    27 Mar 2014, 06:31 PM Reply Like
  • biolookx
    , contributor
    Comments (168) | Send Message


    It seems the editor in his latest article has promised more action to eliminate self serving contributors. Sorry to see your decision but we need more contributors to make crowd sourcing investment sites to be of value for us small investors. If SA becomes like Yahoo then we all lose valuable sources of information and valued opinion. I hope that you will reconsider.


    Appreciate your work. Thanks.


    A follower
    27 Mar 2014, 09:51 PM Reply Like
  • Tom Armistead
    , contributor
    Comments (6300) | Send Message
    Author’s reply » Of course I jumped the gun and packed it in just before the editors decided to do something about it. I felt kind of stupid when I saw the article.


    I'm planning to watch for a month or so, see how much progress they make with their project and take it from there.


    If everything looks good by then I'll reconsider, I do enjoy blogging and participating in the comment stream.
    27 Mar 2014, 10:28 PM Reply Like
  • D-inv
    , contributor
    Comments (4878) | Send Message
    Understand your decision, Tom. Have enjoyed and learned from your articles and hope you found the learning a two way street. Our loss, though, if you don't reconsider. Best wished whatever you ultimately decide.
    27 Mar 2014, 10:49 PM Reply Like
  • expatsp
    , contributor
    Comments (304) | Send Message
    Don't feel stupid -- perhaps contributors like you ready to walk were a reason why the editors decided to take action. If you decide they actions are serious, come back! Remember Keynes: "When my information changes, I alter my conclusions. What do you do, sir?"
    28 Mar 2014, 07:07 AM Reply Like
  • Rudester
    , contributor
    Comments (3493) | Send Message


    I do hope that what Ely wrote comes to pass and you return to SA and grace us with your great articles again.
    28 Mar 2014, 10:40 PM Reply Like
  • Augustus
    , contributor
    Comments (2864) | Send Message
    Thanks for the good ideas you have served up with the articles. Sorry to read that you will no longer be providing the good information.
    27 Mar 2014, 10:23 PM Reply Like
  • larryl9
    , contributor
    Comments (143) | Send Message
    Sorry to hear this news, your contributions will be missed.


    There is certainly a lot of worthless stuff here on SA, and
    I don't doubt that there are "contributors" who have some kind of personal agenda. Maybe I am naïve, but I am skeptical that anything written here could have any noticeable influence on the price of a publicly traded stock.


    But, BTW I have very strong information that JNJ is going to do a stock split and after that the stock will probably double!


    <Actually, I am thinking of selling my 10 shares and I
    hoped this comment would drive the price up 10% or so.>
    27 Mar 2014, 11:33 PM Reply Like
  • Canadian Dividend Growth In...
    , contributor
    Comments (2035) | Send Message
    Sorry to hear about this, Tom. I've learned much from you, and hope you'll still comment/StockTalk occasionally.


    28 Mar 2014, 01:33 PM Reply Like
  • bazooooka
    , contributor
    Comments (3688) | Send Message


    Please give SA a chance to clean up the cesspool elements and maybe reconsider. We need more like you.
    28 Mar 2014, 09:04 PM Reply Like
  • Ray Lopez
    , contributor
    Comments (1832) | Send Message
    But wait--I've not noticed any pump and dump schemes at Seeking Alpha (maybe I'm not paying attention) and further a blurb from the Wall Street Journal says Seeking Alpha predicts somewhat the stock market, more so than by chance (I don't know details, just a headline I saw on this site). So maybe Tom was overreacting? Time will tell.
    29 Mar 2014, 04:17 AM Reply Like
  • Absolute beginner
    , contributor
    Comments (161) | Send Message
    Maybe SA is becoming a victim of its own success. its certainly helped me make money where i wouldn't have with out it.


    Thank you Tom, all the best!


    29 Mar 2014, 11:41 AM Reply Like
  • Greg_Maryland
    , contributor
    Comments (320) | Send Message


    I've really enjoyed your posts and articles and I hope you'll decide to post again in the future.


    17 Apr 2014, 08:50 PM Reply Like
  • Tom Armistead
    , contributor
    Comments (6300) | Send Message
    Author’s reply » Greg, thanks for your comment.


    I've been trying to find a way to be constructive as far as my opinions on editorial policy. I discussed my concerns with them, using a specific case as a test, with results that I didn't care for.


    The format here is good: the exposure on Yahoo Finance, the comment stream, the message system, and the indexing which makes it easy to locate articles or comments on a specific stock.


    Editorial policy is another matter: the combination of pseudonymous authorship with the emphasis on quick results, actually moving the stock, is an open invitation to sleazeball behavior and content.


    After seven years of retirement I'm starting to get the urge to monetize doing what I like. SA for a while seemed like it was going in a direction that would work OK for me, but now that isn't happening.


    The weather has finally started to warm up here in CT and I've been doing a lot of hiking locally. I had hoped to get out on the AT again this year but my back isn't everything it should be and unless I can get it rehabbed it won't be a good idea to carry a heavy pack.


    At some point I'll go over to Bear Mountain in NY, where you can stand at the summit and look over at the skyline of Manhattan, I'll think some deep thoughts about the market and life in general, and then go on to the next thing.


    18 Apr 2014, 08:21 AM Reply Like
  • littleag
    , contributor
    Comments (6) | Send Message
    Tom, I enjoyed your articles more than any other SA author. I was hoping to do enough research to have something to say about some of your techniques, but following some of the companies you analyzed was as far as I got. And that worked out well. Thank you.
    I hope you enjoy your hikes and anything else you take up, or return to.
    18 Apr 2014, 10:53 PM Reply Like
Full index of posts »
Latest Followers


  • $CRC filed 8-K, they amended their covenants. Being thrown out of S&P 400 mid-cap index, OXY unloading its remaining shares, I added today
    Feb 24, 2016
  • $CRR just noticed a form SC 13G, Wilks Bros, Dan and Staci Wilks own about 10%. Texas billionaires. Compare that to the huge short interest.
    Jan 16, 2016
  • $CRC reveals they have received a 24 month modification of their term loan and revolver. This reduces potential financial stress.
    Mar 24, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.