Shadey Journalism…
I wrote about TIE about 2 weeks ago because of Boeing’s revised projection. Conincidentally Lenny Dykstra wrote positively about TIE the same day I noticed the projections. He was bullish, mentioned the position he wanted at 10.60, nothing more. Now I am looking at the head lines for TIE and noticed his e-mail article where he states he sold the calls at 11.60.
To me this is shadey. His very article could have produced the kind of move that would have given him is target price. Why not mention the target price in the article? I have short trades, so I get where he is coming from, but every time I see a short trade I mention it is a quick short trade, and where an exit should looked for.
Lenny, this just smells bad. I just lost a lot of respect.
Update: Apparently, as per Jan’s comment, his target price is always $1000. Was not aware of this. So if he does not buy the options before his articles are published, then it is not shadey.
