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Thursday, July 2, 2009
Ex-Phillie Lenny Dykstra writes in an email about his ouster from TheStreet.com and his future plans as an investment pitchman:

"
You know, although I really don't like the way that things went down with TheStreet.Com and how they ditched me in the end, I still feel like the termination of the relationship is much more of a loss for them than me.
 
"At the end of the day, I just try to appreciate what I learned from the experience and the fact that I am indeed grateful to have had the opportunity. 
 
"Presently, rather than embroiling myself in another lawsuit (Lord knows I've got enough on my hands with the divorce proceedings. . . .), I figure I should instead just focus my energies on building up www.NailsInvestments.com to be the type of investment site in which I can truly take pride.
 
"I realize that it won't be an easy task to win people back, but money talks and all of those who took advantage of my strategy earned the dollars to prove that it works.  Can you believe that I'm 111 and 0 now?  (Even I am a bit amazed at that myself!)  
 
"By the way, I noticed that you are not yet a subscriber to our newsletter. When will you be joining us as a subscriber so you can take advantage of the 3 picks a week? Just go to www.NailsInvestments.com and sign up. We're working on making some significant improvements to the site and are committed to providing a top notch service to our members....
 
"I genuinely appreciate your interest and look forward to welcoming you to the team!

"My Sincere Best, 
Lenny K. Dykstra,
Nails Investments, LLC
Founder & Managing Member
www.NailsInvestments.com"
 
Didja notice how he got his online address in there three times? He wants $995/year for a subscription. When I checked it out, his PayPal link was down "due to a problem with the seller's website." Not that I was ready to subscribe... I'm still waiting for Dykstra to show how he figures his investment record is "111 and 0."
 
See also: ESPN's Mike Fish in April on Dykstra's troubles; Phillydeals June 30.
Posted by Joseph N. DiStefano @ 9:48 AM  Permalink | 8 comments
8
Comments   
Posted 10:35 AM, 07/02/2009
p-diddy
Dykstra sounds crazy. Dude, get some help.
Posted 10:41 AM, 07/02/2009
jwatson
lenny is one of a kind. He and spaceman Daulton are true examples of what drugs do to you. The HBO real sports piece on nails last week was the funniest thing I've seen since McSmiley the clown had the sad face on in the second half of last years Baltimore game.
Posted 10:47 AM, 07/02/2009
NickEeee
You know what, I'd buy a set of kitchen knifes from this guy anytime. I think he's just a little out of the right price range for what he's pitching...
Posted 11:07 AM, 07/02/2009
jb420
We could use him as a leadoff hitter right about now.
Posted 11:09 AM, 07/02/2009
kse
From the ESPN article, the 111-0 claim is ludicrous: "It is all nonsense," says Warner, options editor for the financial Web site Minyanville.com. "He'll buy a 10 lot of, say, IBM. And if it makes a dollar, he'll sell it. If it loses, he'll buy more and he'll keep buying more and more. So he'll never actually realize a loss. And he buys options that expire in as few as six months and sometimes as long as a year. He'll book his wins and he'll just let the losses run. So what happens is, he wins all his picks, but the losers may eat up 100 wins. The bottom line is how much money you make. It's not how many picks you make or what your winning percentage is."
Posted 11:58 AM, 07/02/2009
tfcino1
jesus couldn't pick 111 stock winners with zero losses. maybe bernie madoff, but not jesus.
Posted 06:02 PM, 07/02/2009
JimG
Dykstra isn't using TheStreet because he's broke and can't afford to hire any attorneys. Amazing how a guy who is supposedly 111-0 in picking stocks is completely broke and practically bankrupt.
Posted 11:01 AM, 07/03/2009
NiceToBeHere
Lenny belongs in jail.
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com