Your Can Buy Lenny Dykstra’s House

Times are tough, and to make matters worse, Dykstra’s athlete/magazine business plan fell apart. Perhaps it’s no surprise then that Lenny Dykstra has decided to sell his house. If you remember, Nails moved into Wayne Gretzky’s pad in Lake Sherwood which is like by Westlake in Ventura County, CA. The estate is pretty chic, with 8 bedrooms and 7 bathrooms spread out over seven acres. And how does 12,713 square feet of property sound to you? It’s not really my style, but I can’t turn down a castle this nice:

Dykstra says the problem is that the place is too large — it’s like a compound where he can go days without seeing his family. I’m not surprised given how big it is. Plus, with his son Cutter getting drafted, five extra empty bedrooms is just way too much. Maybe one day when LBS blows up to huge levels, we’ll make a bid at Sotheby’s. Check out more pics of the pad after the jump

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Lenny Dykstra a Stock Fraud?

Just like many of you, I was pretty shocked to first hear about Lenny Dykstra’s financial prowess in the baseball afterlife. Amongst some of his boasts, he was writing columns for Jim Cramer’s TheStreet.com (usually giving advice on trading stock options), and being featured on HBO in which he said he had bought Wayne Gretzky’s house. Not too shabby. There’s no denying the guy has something good going, but just how much of it is coming from the man himself who proclaims he doesn’t like to read too much because he’s not too smart and it hurts his eyes? Turns out there might be someone pulling the strings of the Dykstra puppet behind the scenes. The following info was released by Forbes and came out in a suit by Doubledown (the people who were publishing Dykstra’s magazine that fell apart):

“At Dykstra’s insistence, Doubledown began negotiations to pay Richard Suttmeier, a stock analyst, to provide Dykstra with research assistance for the Dykstra Report and who, upon information and belief learned subsequently, provided Dykstra lists of recommended stocks daily.”

Who is Richard Suttmeier? A market strategist for financial Web site RightSide Advisors and formerly a contributor to RealMoney.com, a subscription Web site owned by TheStreet.com.

FORBES compared Dykstra’s buy recommendations as they appeared on TheStreet.com from Apr. 1 through May 1 with those in Suttmeier’s weekly Sector Report during the same month and before. Among Dykstra’s 17 buys, 11 had appeared days earlier in Suttmeier’s newsletter.

Let’s see, if I mimicked some of the picks I found in the top holdings of an excellent mutual fund, I wouldn’t necessarily call myself a great financial genius for discovering stocks, but there is still something to be said about it, especially considering how many people out there are giving bad advice. Moreover, Dykstra was a ballplayer — he had to learn about stocks from someone. Looks like he’s sifted through all the available info and found something that works, even if it means picking off someone else’s lift. I give Nails a pass on this one because what he’s doing is obviously working.

Would you let Lenny Dykstra Give you Stock Tips?

Dude, as freaky as a player as he was, dipping with a whole can of chaw in his jaw, what makes you think I would actually take his advice on trading stocks? The guy had no clue about the pitchers he was facing, no memory, no game day preparation, but I’m supposed to listen to his advice on Wall Street? Please. I’m not exactly sure if this is news, but here’s the latest stock advice courtesy of Nails himself.

In Monday’s column I suggested placing an order in Amgen for 10 January 2008 45s (WAMAI) with a $12.50 limit order.

That order was not filled in Monday trading, but Amgen shares opened sharply lower today, at $52.36, after more bad news on its anemia franchise. My good-till-cancel order got filled at $10.40 this morning. I then set my sell order at $11.40.

Yeah, whatever Mr. Fancy Pants. You think you’re so cool with your stock trading terminology? How hard can it be — give me WBC at 15 per and put a fast sell on it when that mother rises to a TPC level of 17.5 by this afternoon, pronto. Yeeaah, what up now Dykstra? Huh? That’s right, I got you man. Go back to your car washes why don’t ya?

(via El Lefty Malo)