Bigger Than The War In Iraq: “30 Under 30” Imbroglio Continues

Posted by Bess Levin, Sep 21, 2007, 1:55pm

A representative from the “Trader Monthly” community just called to let us know that Tim Sykes was disinvited from the mag’s Tuesday night party for reasons greater than “the pink bathrobe.” They include the fact that:

a. Tim doesn’t behave like a responsible member of the financial community.

b. He showed no remorse for losing other people’s money (TM cited an e-mail from Cilantro in which the fund’s manager noted, “At least I didn’t lose double digits this month,” which Global Alpha only wishes it could say to investors).

c. Other traders didn’t want Tim at the party.

d. On this episode of Wall Street Warriors, Sykes refers to himself as a “cheap Jew.”

If Tim promises to atone for his self-loathing comments tomorrow, TM will consider allowing him to attend next year’s celebration. In other news, we’re told that Zach Michaelson was also banned from the party, and resorted similarly unsuccessful begging tactics, as well. E-mail exchanges (should they exist) TK.

Earlier: ‘Trader Monthly’ Will Not Have Its Reputation Tainted By Tim Sykes (Zach Michaelson, Sure)

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Posted in: Tim Sykes, Traders

Comments

Posted by Larry Kudlow, Sep 21, 2007 2:04PM

sykes is as useless as tits on a nun

Posted by Jamie.BuchersGhost, Sep 21, 2007 2:24PM

That's the smartest thing u've said in WEEKS, Larry K!

Posted by AJ, Sep 21, 2007 2:24PM

I like how Trader Monthly completely fails to fact-check its articles before it runs them, then, to make up for it, disinvites the idiots it named to the list so that it can pretend its hasn't become a huge joke.

Posted by Mike O., Sep 21, 2007 2:26PM

No Tim Sykes, you are not a bad guy at all(although Larry Kudlow does make a good point at 2:04 above). But you do not realize that your flash in the pan story has a limited shelf life. Trader Monthly is not the industry' most respected rag, but it is reflective of the industry in many ways and you made them look bad after including you in their list last year with this year's antics.

Let me be honest with you Tim because I do not hate you, want to call you nasty names like others here or begrudge you any success. But you are being displayed as a trader, hedge fund manager et al and your actions are more media whore-ish and childish, sort of Cramer for the even less-informed. Your are giving a stereotype, though unintentionally to the position that many resent because this is serious.

Losing money is not a game and acting like, oh I made mistakes here learn from them is not accurate. Beginners are not going to do the same thing you did on the whole and non-beginners already know the pitfalls of small-cap investing. So you are overlooking the obvious, you are trying to maximize the current popularity to make money on the book and MOVE into another career.

There is nothing wrong with that since trading failed but we all see it and your inability to admit you are looking to change into media seems naive. You want to publish books, have your own TV show and become something that no longer involves you trading OPM. When you embrace that, you will do fine.

Posted by SykesDefendsBadBook, Sep 21, 2007 2:41PM

SYKES SAID:"I wonder when the haters will give up? Will it be when my book helps someone who is a better trader than me make a million dollars or will it take $2 million?"

OUR REPLY: Yes Tim; let us know when either of two things happen:

1)Someone reads your book and gets lucky by winning million dollar lottery, or by "learning from your book"; or

2)You personally regain the -36% you have LOST.

Please let us know when either #1 or #2 happens (until then PLEASE GO AWAY!!).

Posted by d, Sep 21, 2007 2:47PM

Getting dis-invited by Trader Monthly is an honor .... you don't see Jim Simons , George Soros or Julian Robertson hanging out there .... this group includes every knucklehead Daytrader in NY .... oh , yeah , that's what Tim Sykes is .... why the hate ? Getting dis-invited by Trader Monthly is an honor .... you don't see Jim Simons , George Soros or Julian Robertson hanging out there .... this group includes every knucklehead Daytrader in NY .... oh , yeah , that's what Tim Sykes is .... why the hate ?

Posted by anon, Sep 21, 2007 2:51PM

The fact that you have the title "bigger than the War in Iraq" is insulting and foolish.

Posted by Sykes=Clown, Sep 21, 2007 2:53PM

re: Knucklehead Daytrader = Tim Sykes

I like Tim Sykes as wacky entertainment, but he is getting a little more emotionally unstable, such as insulting any reader of the book who is unimpressed with Sykes "story", and demanding that Amazon delete any bad book reviews...kind of weird...I think Tim is trying to milk his "TV fame" the best he can.

Book describes the infamous 250K "loan" from his hedge fund to nearly bankrupt Cygnus E-Transactions (CYGT.PK) and his additional purchase of shares which was amazingly ignorant and possibly illegal! Normal people do not have such bad judgement, so Tims "advice" is obvious empty bull shit!

After losing over one third of their money, I feel sorry for Sykes poor investors.... I guess Tim is only good for more wacky entertainment as our favorite attention whore!!

Posted by , Sep 21, 2007 2:54PM

2:51-- go fuck yourself and stop reading this site if you're too thin-skinned to take a joke.

Posted by Give-up Agreement, Sep 21, 2007 3:03PM

I wonder when Timmay's gonna pull a Brian Hunter and have the Kobra Kai law firm send a letter to TM?

Posted by , Sep 21, 2007 3:16PM

2:54
A bit in love with Bess are we?

Posted by anon, Sep 21, 2007 3:24PM

2:54--If you ever saythat in my presence I will beat you worse than Mr. Sugarman. And that is a fucking promise.

Posted by anon, Sep 21, 2007 3:24PM

2:54--If you ever say that in my presence I will beat you worse than Mr. Sugarman. And that is a fucking promise.

Posted by Pipline is BIG., Sep 21, 2007 3:26PM

Sykes' problem is he let good calls turn him into an attention whore media monger which took away from his ability to trade.

That's he's trying to turn his failure into a success, even as a media whore clown is admirable. Yet it is also an indictment on the state of American business journalism who continue to give this jester his court to perform him.

Nobody takes him seriously anyway and it seems at least TM is done helping him build his brand - whatever the fuck it is. I guess he represents the NextGen Traders who sit around in their bathrobes and trade from home. Didn't we already see this in the 90's?

Johathan Hoening would so totally kick his ass.

Posted by lay off the roids buddy, Sep 21, 2007 3:27PM

we get it, 3:24...in love with iraq, not in love with bess.

Posted by anon, Sep 21, 2007 3:55PM

Not in love with iraq, hate the place, but just got back from fighting a war there. Buddies are still dying there while we are making thick-skinned jokes about the situation.

Posted by , Sep 21, 2007 3:57PM

Mike O. you already posted that once. we get it. please no more.

Posted by Mike O., Sep 21, 2007 4:03PM

Let Tim Sykes know that we all hope he finds something which allows him to be successful; Tim may eventually find something that he is actually good at....

Keep at it Tim; we do like you and agree that you should stop the "Hedge Fund" farce and should discontinue losing OPM....

Posted by merkin, Sep 21, 2007 4:17PM

staten island will be ripe for takeover the night of this party.

Posted by anon, Sep 21, 2007 5:01PM

3:24 ..... Bro , lay off the crack !!!!

Posted by anon, Sep 21, 2007 5:04PM

Merkin 4:17

very funny .... and true !!!!!

Posted by Fake David Hackworth, Sep 21, 2007 5:18PM

3:24

And I see you were fighting and dying for the right to tell Bess not to publish stuff you disagree with?

Unlike your targets in Iraq, we're all citizens here. Lay off the physical threats.

Get some help. You're not the only veteran on Wall Street.

Posted by MoreSykesLies(AmazonQuote), Sep 22, 2007 9:05AM

More Sykes Lies:"Yes, my hedge fund is off its highs, .....I am glad to say that the bleeding has recently stopped."

Wrong!: Sykes/Cilantro continues to lose investors money throughout summer 2007; DOWN again during Aug2007 and Jul2007; Down over-37% since Jan2006.

Posted by , Sep 27, 2007 3:58PM

RE: Sykes Closing Cilantro Fund

It is not your LOSING MONEY but it your LOSING HEART that makes me wonder if you ARE A MAN AT ALL...

Almost every good/great trader had big losses and came back. BUT YOU SIR simply RAN away and are TRYING to FIND another profession..
that's SIGN OF A LOSER..

If your story had shown even a slight iota of grit in you it might have been worthwhile read. However, the book was a waste of time to read!

But You are just another loser..Many people make a fortune in markets.
and as they say Markets GIVE and take back with same ferocity...

I just hope you have a better luck as a writer (which btw doesn't look like happening as of now)

Posted by , Sep 28, 2007 10:14AM

Sykes said: "..It'll be a lot easier for me to teach 1,000 people to make $10,000 ..."

Uh oh....Here is a warning about Sykes/BullShit Express:

1) He closes the failed Cilantro Fund because it had an audited track record which documented his failures, then

2) Now, with the Fund closed he can BullShit his "trades" to newbies and suckers.
For example, Sykes will name a bunch of possible trades and then take credit for anything that works.

3) Sykes will not have any audited track record; so all aboard the BullShit Sykes express!

Posted by , Sep 28, 2007 11:41PM

Well Tim..you have hit rock bottom. I kinda figured you were gonna bail on your trading career...and you are. Your fund is closing and you have now become some sort of wanna-be media whore. I guess you were just a flash in the pan. I find it hilarious that a guy who failed as a "hedge fund manager" writes a book about hedge funds. Seems like your book isn't selling so well....oh wait...it hasn't been "officially released yet"....I guess being on amazon for a few weeks doesnt count.

You just dont get it do ya? You were embarassed by the Ny Post....embarassed by trader monthly...embarassed on CNN....got humbled by Cavuto......dude...you are like Notre Dame's football team this year....wherever you go it's a disaster. Throw in the towel now man...before it gets any worse for you.


How sad are you that you now spend all day on here starting threads about a positive review? Don't you realize the more you whine and cry about bad reviews, the more you look like a fool?

I predicted you would bail on trading and you did....in 6 mos you won't be on here/mentioned and nobody in the trading world will miss you.

Trader Monthly was right....you are the Ryan Leaf of Wall St. In case you are not familiar, LEaf was the #1 pick in the NFL out of college a few yrs ago.....he is now coaching high school football in some podunk town in the middle of nowhere.

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