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Tuesday, June 30, 2009

Dykstra: Is Street.com's Jim Cramer stealing my act?

Writes ex-Phillies star turned investment pitchman Lenny Dykstra, in an email, of his former online home: "TheStreet.com is owned by Jim Cramer, for whom I had always held tremendous respect. Nonetheless, I am disappointed with TheStreet.com as they truly let me and my followers down. As far as the reasons behind my absence at TheStreet.com, I can only guess. However, it seems that perhaps jealousy or greed may have been a factor.

"As many of you know, my newsletter was the #1 such publication in the history of TheStreet.com, and I therefore presume that I was cast off to so that the TheStreet.com might attempt to duplicate my strategy and make it their own.

"Today, when you type in "Lenny Dykstra" at TheStreet.com, Jon Najasrian comes up as he was apparently meant to replace me. I am no longer associated with TheStreet.com and have no control over their actions. Although I am saddened by the situation, I nonetheless love what I do and am as committed as ever to continuing to serve my subscribers." He wants fans to check out his "new home" at www.NailsInvestments.com



 

 
Posted by Joseph N. DiStefano @ 6:49 AM  Permalink | 13 comments
Comments   
  • 0 like this / 0 don't   •   Posted 8:19 AM, 06/30/2009
    There is no way in the world Lenny wrote that comment. It comes in full sentences, uses 50 cent words and there is no profanity whatsoever in the post.
    — rvb2321
  • 0 like this / 0 don't   •   Posted 8:23 AM, 06/30/2009
    The only reason Dykstra want to be on thestreet.com is so he can promote his own stocks. What he calls "ideas" are his investments. Sounds as though he is an old fashion "pump and dump" guy.
    — amblereagles
  • 0 like this / 0 don't   •   Posted 8:41 AM, 06/30/2009
    Nails Investments is meant only for naive and uninformed stupid idolizing consequence ignoring investors. Anyone with a brain need not bother.......
    — stoneman
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 8:53 AM, 06/30/2009
    Shabba, thank you, you stole the thoughts from my mind. Anyone unintelligent enough to invest with this one, deserves to lose their money.
    — Repeat08
  • 0 like this / 0 don't   •   Posted 8:54 AM, 06/30/2009
    rvb2321, you have hit the nail on the head(oops!). 'Presume'? 'Apparently'? Lenny never used those words in a complete sentence in his life. This comment also uses a subordinate clause, and uses the word 'nonetheless' twice. 'None' and 'less' are on Lenny's mind a lot.
    — Cazptain Philadelphia
  • 0 like this / 0 don't   •   Posted 9:13 AM, 06/30/2009
    Quit bangin on me, I'm trying to make a comeback.
    — TheDude
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  • 0 like this / 0 don't   •   Posted 10:01 AM, 06/30/2009
    It proves that if you win on the field in Philly, you are excused for a lot of bad behavior for a lifetime. On air voices who should know better seem rather reluctant to state the obvious, that this man is just a fraud. When the interview on the HBO show ran last week, he sounded as if he had suffered a stroke. I know he was not the most eloquent speaker at any point, but he really sounded impaired. Other than the difficulty speaking, I think he is pretty much the same guy he has always been, mean and difficult. It is just that now he is not able to produce anything of value for people to excuse his terrible behavior.
    — citizenkane
  • Comment removed.
  • 0 like this / 0 don't   •   Posted 10:53 AM, 06/30/2009
    Hey Lenny, usually financial news letters do not want people on the verge of bankruptcy writing financial advice. Maybe you should write a "scam" news letter. How to talk your friends and associates out of their credit card number so you can buy items on their dime. Maybe the cell next to Madoff will be available. You 2 can write a newsletter to fellow convicts
    — Pat c


13 comments
About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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