You know how we said the other day that we’re starting to love Fox Business because of the so-horrifically-bad-it’s-good thing it’s got going on? Yeah, that’s not what’s happening here.
TIM Founder Tim Sykes Lets The Words Out
Posted by Bess Levin, Nov 20, 2007, 2:14pm
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Posted by Oenophile , Nov 20, 2007 2:43PM
Um, I'm pretty sure that's Martinelli's that he's drinking.
Posted by fast money , Nov 20, 2007 3:03PM
D Bag of the Year!
Posted by , Nov 20, 2007 3:39PM
TIMMAY
Posted by chris , Nov 20, 2007 5:19PM
There is an advantage to having to sense of shame or embarassment - if I were him I would have offed myself by now.
Posted by , Nov 20, 2007 5:40PM
Timmeh
Posted by hug o. chavz , Nov 20, 2007 8:54PM
is it me, or does timmy boy look like a slightly shaven monkey?
Posted by wow , Nov 21, 2007 1:47AM
what do u say to something like that?
Posted by anonymous , Nov 21, 2007 7:07AM
u say it's great!
Posted by Steve C. , Nov 21, 2007 8:00AM
What a pathetic joke Sykes has become from failed hedge fund manager to using “SPAM aliases” on blogs to pump-n-dump his "stock tips"; and to selling his snake oil crap to poor newbies/suckers…
…I agree with your family Tim, those people in your family who know you best do not trust you with their money, and neither should anybody else…
Posted by Steve B. , Nov 21, 2007 12:06PM
Steve C.: you reek of old fish
Posted by Steve C. , Nov 21, 2007 4:10PM
What the hell is wrong with you?
Posted by , Nov 23, 2007 7:11AM
I read TIM Sykes mediocre hedge fund book since I knew him at Tulane, and like him as a person. However, the book is an empty and uninspiring story about how Sykes became a self-absorbed irresponsible stock trader. This book is NOT a “classic” and story is NOT “Rocky-like”(as author Sykes claims). This book is basically like a blog of an average person who got lucky trading stocks and then his luck ran out (which it really should be - blog and nothing more).
Beware of all the phony glowing reviews for Sykes Book. Its the good ole boy network in high gear where authors/investment advisers use the buddy system to give fake good reviews to each other.
Sykes put the term “stock operator” in title in order to confuse all future book searches for Jesse Livermore’s excellent story (Reminiscences of a Stock Operator, by Edwin Lefèvre (1923)). This cheesy trick might help book sales, but needless to say, Sykes has nothing in common with the great trader Livermore.
Sykes comes across like a hyper/immature/video game player-type Trader, which worked for him for a few years; then the law of averages caught up with him. His “return to the mean” continues during the past two years; and his very poor investment strategies are DOWN -37% since Jan 2006. His continuous bad performance throughout 2007 shows that he does not learn from his mistakes; and readers can only cringe while watching Sykes slow motion demise into a worthless snake oil salesman.
Posted by , Nov 25, 2007 7:52AM
Tim Sykes is just about finished.
1) Tried starting a hedge fund (retail equity trading account). Blew up because he has no clue on diversification/money management. When asked about why he failed he always replied "If it wasnt for CYGT I would have been doing great)...uh huh...and if Victor Neiderhoffer didnt sell all those SP puts before the mkt got smoked, he would be fine also.. I love these guys who say if it wasnt for that one trade..blah blah blah...
2) Boy genius Sykes writes a book which he claims will sell millions. Book comes out...fails to sell much....Sykes whines more....and after not shutting up about how this book will be the next Livermore book, leaves ET with his tail between his legs as the book flops. Apaprently he also released a dvd on ...get this...penny stock trading....rumor is that homeless people down by port authority are using these dvds as coasters for their bottles of mad dog 20/20.
3) Sykes claims he is gonna be a big tv star......promises of Oprah...a show with Cavuto on Fox Business news. Nothing transpires and Tim once again fails again at EVERYTHING he touches. His latest whine-fest on that video is great. Wah wah wah...the insudtry sucks......I think I will act drunk and curse at everybody....what an embarassment.
4) Finally....he has become such a laughingstock that he is restricted to posting on his own blog. Apparently he is "trading" 100 shares of stocks. Best part is during this crazy volatility in the stock mkt, this numbskull cant find anything to do. Whether a trader is kiing it/getting killed, there are TONS of things to do.
Posted by Ed S. , Nov 25, 2007 9:20AM
Ok, I just recently learned of this guy and have visited the web site he set up and watched a few of his idiotic appearances on various news outlets such as CNBC. This is HILARIOUS.
Tim, if you are reading this, listen up:
Much of what I'll say is redundant but you know NOTHING about what you claim to know about. You are a rank amateur who has learned enough surface information about an industry so as to come across as being knowledgeable enough about it to teach to others. The only people that take you seriously are complete newcomers to this game that know next to nothing, because to a complete amateur you sound like you know what you are talking about. You have learned enough about trading to pretend and claim to have traded and that's about it.
Trading your parents money via an online retail account is not a fund, but is laughable. Your story is just that, a story. "I turned my 12k bar mitzvah money into 2 million". It reads like bad spam I get in my inbox but the journalists eat it up like cake. Your web site is hilarious because you are an enormous idiot and I will continue to visit it for free laughs. I wonder if you know how stupid you are or if you have truly convinced yourself that you have learned something valuable enough to write about?
Posted by , Nov 29, 2007 10:36AM
Timothy Sykes latest escapade adds more shame (if that is even conceivable) to his recent sprint to become the biggest buffoon in the financial media. Somehow he was given a podium with a column on The Street. He proceeded to recommend a short against a company and then went gaga all over the financial message boards like Raging Bull and Yahoo to actually bash his short pick.
I have never seen a financial columnist post a short in a mainstream publication and then immediately start bashing it on a public message board. It is really unprofessional if not completely unethical for Sykes to behave this way. Meanwhile the brash cad proudly promotes the firestorm of hatred he builds around himself in order to promote his dopey book. The solution is simple: Don’t buy his awful book because that is how he is putting food on the table since he can’t trade effectively for a living.
By the way, that stock that blew up his “hedge fund” ($1M+ ROTFLMAO) was a company called Cygnus, a Pink Sheet, yes an unregulated, totally illiquid pink sheet, called Cygnus. He bought it because his college roommate’s daddy ran the company. That was evidently the extent of Timmy’s due diligence. This guy is a serial loser. Tim Sykes should be banned from all media outlets and any party serving a higher grade of beverage than Schlitz beer. His DVD on trading penny stocks is total garbage!
Posted by Ben Storey , Dec 01, 2007 10:42AM
Re: Sykes hedge fund book:
Is it more sad or amusing when someone's young ego spurs them to write a book when they possess neither literary skill nor talent? Sykes has commented elsewhere that his goal to become "a great teacher, not a great investor" but in this sad excuse for a tutorial he proves to be neither as his amateurish errors practically drive him from the market, credibility (what little he had) completely shredded. Perhaps, however, it's not truly his fault: let's face it, when it comes to imparting wisdom from Wall Street it is simply not possible that a raw twenty-something simply has much to say.
Not that Sykes doesn't try however. In perusing the "comments" portion of these reviews, he's certainly not reluctant to chime in and offer a defense at nearly every turn. Find me ONE other author here at Amazon that feels so compelled to argue his own incompetence. Tim Sykes should end his determined quest to become a media personality as his grating manner and decidedly non-telegenic looks suit him far better to shine shoes.
Posted by raj , Dec 01, 2007 6:56PM
Sykes book is a story of an immature Schoolboy who had never read FOOLED BY RANDOMNESS traded without any edge made couple of million dollars by chance. And now the LUCK has run out, so he writes a childish tale.
MORALE of the the Sykes STORY: IF YOU have an EDGE in markets you keep trading and become super Rich, if you were just RIDING your luck you write a lousy book and Expect some fool will buy it.
Posted by eprado , Dec 09, 2007 1:53PM
On that horrendous WSW show TIM Sykes was on there in a scene where he claims that making 50k a day used to excite him. Now that doesnt excite him anymore....a million dollar day is something that gets him excited. Rather funny coming from a guy who traded a 2 million dollar account.
Shows you how full of shit TIM is. Then they showed him whining about losing 5k.
TIM was a flash in the pan. He did make some good money during the bubble/right after it. Then blew up....wrote a book that 5 people actually purchased....has a DVD which has yet to sell one copy. He now trades 200 shares of stocks nobody is interested in and has a legion of 8-10 morons who praise him on his website and follow him around like lost puppy dogs.
Posted by nevins , Dec 14, 2007 9:32AM
TIM's book is about a nobody(himself) who spends the first half of the book trying to establish his "credibility". He trades penny stocks, which pretty much sums up the value of this awful book.
I was looking for a book on the life of a hedge fund trader. Something similar to Monkey Business: Swinging Through the Wall Street Jungle (which is one of the best business books ever written). Sykes book is definitely not like Monkey Business.
Posted by SykesFamily=SmartPeople(don't trust TIM) , Dec 20, 2007 10:21PM
What a pathetic joke Sykes has become from failed hedge fund manager to selling dvd's/books about his snake oil crap…
…I agree with your family Tim, those people in your family who know you best do not trust you with their money, and neither should anybody else…
You burned the good Sykes family, and nobody else should get fucked over by TIM!!!!