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The Corvallis store, with a long-tenured staff, leads all other WinCo stores in accumulated wealth. Purchased for $10 million from its former owners in 1985, company workers today hold shares valued at close to $3 billion. The shares have risen at a compounded annual rate of about 20% since 1986. Same store sales growth and expansion into new markets have propelled WinCo’s profits and thus its ESOP stock past competitors and, indeed, past most growth stocks. Sales for fiscal 2015 are expected at about $6 billion. In addition to being an active IU chat contributor, Tim is also a moderator of Timothy Sykes’ chat room which is accessible with a Pennystocking Silver subscription.The company is by all indications well managed, grows steadily and provides its clientele of families on a budget a combination of low prices, wide selection and efficient and friendly service.

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While Tim Sykes’ teaching was instrumental in helping Grittani with penny stocks, Michaud was Grittani’s go-to source for learning how to trade NASDAQ names with greater liquidity.

There’s also a great interview with Tim on Nate’s popular Tandem Trader DVD course.

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Tim Grittani and Investors UndergroundĪnother one of Tim Grittani’s early mentors was Nate Michaud and Tim has been a member of Michaud’s Investors Underground community for many years ( click here and use coupon code tradingreviewers to save up to $500 on IU Elite memberships). At one point, Grittani bought stock in AGRT at $0.40 and sold it within fifteen minutes at $0.70, earning him $11,000. Over the next six months, he made over $40,000 using the skills he gained from the Millionaire Challenge program. However, the $1,500 he had was not enough, so he turned to family and friends to borrow the remaining $11,000 he needed with the understanding that he would only trade his $1,500 and not touch the borrowed money.įeeling limited by his $1,500, Grittani stayed away from expensive stocks like Google and Apple and decided to try his hand at buying penny stocks. Once he felt he was knowledgeable enough to start trading on his own, he decided to open up a brokerage account on his own. Over the next few months, Grittani learned as much as he could about trading stocks from Timothy Sykes. He also learned how to take profits on those positions and why it’s so critical to manage risk. Through this program, Grittani learned how to identify stocks that were primed to break out. Through Tim Sykes’ DVD courses and Millionaire Challenge program, would-be entrepreneurs are taught how to profitably buy and sell penny stocks. In February of 2011, Grittani discovered entrepreneur Timothy Sykes, the Penny Stock King. He quit gambling and became serious about learning all he could about entrepreneurship and finance, his foremost passions in life. Losing all that money had a profound effect on Tim Grittani. He hit it big with a $9,000 sports bet, but his luck didn’t hold and he lost it all over the next year due to bad bets. Unfortunately, he became addicted to betting on sports and poker. While attending Marquette University, Grittani started gambling as an easy way to make a buck. Instead, Tim Grittani decided to attend college at Marquette University to learn about entrepreneurship and go from there. He realized that he needed to learn about entrepreneurship to make the kind of money he planned to live on.Īt the time he didn’t have the knowledge or capital he needed to start a business on his own, so he gave up the idea of entrepreneurship.

Despite the business doing well, it didn’t provide Grittani with the extravagant lifestyle he yearned to have. Tim Grittani grew up in a middle-class Chicago neighborhood, where his family owned their own business.