UPDATE – Lenny Dykstra Actually Is Bankrupt
Things must truly be getting truly awful for Lenny Dykstra, because it looks like he’s out at TheStreet.com:
Lenny’s “Nails on the Numbers” newsletter has been renamed “Deep-in-the-Money Calls” and is now written by options-market star and all-around nice guy Jon Najarian. I can’t say I’m surprised at this turn of events. While Lenny was a major profit-generator for TheStreet.com, the bad press was starting to make Lenny more trouble than he’s worth.
And if they had to replace a former baseball player, who better than a former football player, especially one that actually knows options?
This story may get spun as Lenny taking personal time to handle his divorce, but time has been running out for him. I have no doubt that TheStreet.com would have eventually pulled the plug on Lenny because they can’t have a financial wreck pitching investment advice to the masses.
Lenny’s going bankrupt. How do I know?
It’s simple. I’ve never met a rich person that tried so hard to look rich.
4 comments:
Funny... I thought the whole DITM thing was Lenny's strategy.
you nailed it...great post Michael, keep up the great blogging
Josh
The Reformed Broker
Thanks Josh!
Lenny Dykstra, giving financial advice on stock and complex instruments? What a joke! No wonder the investment market is messed up if this dude is spewing bad advice--he can't even handle his own financial affairs and is filing bankruptcy. I know now how people get messed up listening to "experts."
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