THE TIM SYKES STORY
Mon., April 28
5:45 p.m.
3M Auditorium, University Of Minnesota, Carlson School of Management
Timothy Sykes, author and former hedge fund manager was made famous by turning $12,000 in bar mitzvah money to over $1.65 million in just four years by trading penny stocks. Trader’s Monthly magazine named Sykes to their ‘Top 30 under 30′, a list recognizing the top 30 investment professionals under the age of 30. Tim Sykes will present his investing strategies and a forum of faculty members will critique his ideas and determine whether his strategy deserves merit or whether his success is the result of luck. Free dinner provided by Chipotle.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Tim Sykes will present his investing strategies and a forum of faculty members will critique his ideas and determine whether his strategy deserves merit or whether his success is the result of luck.
I bet Timmay gets it in the butt by some gay professor.
Please tell me they’re webcasting this, I live for the day Sykes talks sh!t to one of the Finance professors and gets shat on in response.
I imagine it’d go something like, “Mr. Sykes, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.”
Timmy is a burrito …. gives you gas
Show me a finance professor that will assign merit to technical “analysis” on penny stocks and I will show you a school whose degrees aren’t accredited. UofMinn, I WILL report you to the American Council on Education if you don’t watch your respective mouths.
I would do anything for free chipotle… even listen to Tim Sykes
Oh, it must seem like the days of Plato and Aristotle to those few lucky academians and students fortunate enough to voraciously imbibe on the knowledge espoused by such a battle-hearty warrior such as Mr. Sykes. Include in the Mexican-themed delectable treat, and surely this will be the highlight of many Minnesotan’s academic career. If only this wonderful presenations could have been accompanied by certain other authors presenting the female point of view. You can forget the Chicago School, Harvard, Stanford, and other towers of knowledge, we should all now anticipate the Timmay Sykes/U of M School will produce many future Federal Reserve Chairmen and leaders of industry and finance!
Wow, I didn’t know they were giving us free Chipotle–damnit my post sux in comparison:
http://timothysykes.com/2008/04/27/speaking-at-the-university-of-minnesota-monday-night/
also rather fitting that today I broke the 50% return in less than 6 months mark!
Your stuff ALWAYS sucks by comparison.
When do you sleep Timmay? I heard you give an interview last week at 7:00 in the morning. You said you worked 20 hours a day. Scary.
thanks for the positivity ya little bastards, keep it up, before this was just a business idea, now its a crusade against you assumption-making leverage-and-coke-loving incapable-of-thinking-outside-the-box extraordinarily-narrow-minded-and-sadly-all-too-typical wall street drones
Tiimmayy– hook me up with that hot female lawyer. You’re a guru for traders. Now, hook me with her before I take an ad on that show proving your stuff doesnt work.
THE University of Minnesota? Think I’ve heard enough already.
Timmay, are you long en dashes?
Tim person,
Are you saying you trade an 18000 dollar portfolio and document it on your blog?
That’s pathetic. You should team up with this large guy that touts GS on a youtube video. You’re made for each other.
6:2pm u forget most people are not pretentious rich-daddy-boy ivy-league pricks, 12k turned into 18k in 6 months is something worth striving for, especially a.) when i’m admittedly not that good at PennyStocking (not selling my mastery, i’m selling my experience here)b.) its been while all your mainstream-drone funds are down 5-10% and c.) i’m trading in and out of penny stocks that are supposed to be totally random
Timmy is a burrito
I will be attending this event and posting live updates representing the “assumption-making leverage-and-coke-loving incapable-of-thinking-outside-the-box extraordinarily-narrow-minded-and-sadly-all-too-typical wall street drone” set. This should be good.
Timmay, did you ever meet any of the season two WSW cast? I was wondering if I could pitch an investment to that French chick. I’ve got an investment she should go long on and ride for years and years and yet the investment returns a nice dividend nightly. Of course, there’s a substantial penalty for early withdrawl…
What….? My lawyer said I had to include that last part.
I started a hedge fund last week to compete with Tim-Tim’s. My investment strategy is hobos. Starting with $12,000 in cash, I spent $0 ripping my clothes and getting myself dirty. I spent $1 on a marker and found an old cardboard box. I made myself a sign and sat on the street, starting at 6 AM and ending at 9 PM, and begged for change. So far, I have averaged a return of $40 a day! This projects to a 60% return, beating The Timster’s pathetic 50%.
Forget PennyStocking, everyone. It’s time for PennyBegging. This stuff works! And the best part is, I’m not even an expert at this, I make mistakes all the time. One guy asked how I lost it all and I told him that this was a hedge fund, so he only gave me a quarter. I also didn’t think to get myself a dog so people could give me money for the dog. Stupid! At least people can read up and learn how to be real hobos and make some real money.
I find it funny that Timmay has chosen to call wall streeters “coke lovers” when he went to Tulane and has never had to take an employement drug test.
Timmay, you realize a 50% return in six months is an average return of $45 a day, right? That means your amazing strategy to look at lines and bet on the way they’re moving is worth about $225 a week. Wish I could make that kind of money…
And before you say you’re doing it for the little guy, shut the hell up. Your strategy involves monitoring stocks regularly, not just daily, and requires precise timing, meaning people have to be watching these stocks all day. This is not something people can do to supplement their income, like a long term investment. These investments have to be monitored regularly or all opportunities are missed. Unless some idiot spends all day staring at the penny stocks (too late, I guess), nobody has the time to do that AND actually be good at their job. Congratulations – you’re looking to be the patron saint of slacker stock investors whose bosses yell at them and wonder why their work is never done.
@6:19 $40 a DAY? That’s nothing honey! You need to get ‘Alex Dupree’s School of Investing’ DVD. And kids, it’s an X-rated DVD so ask your parents if you can order it. Better yet – ask only your Dad because I *know* he’ll approve of it. The X-rating means it’s X-Cellent Kids!Although Timmay may be on puts and short sales, Ms. Dupree is big on Calls (hence she’s often called a Call Girl) and going LONG. “The longer the better” sez Ms. Dupree! Soon you’ll be making $2,000 a night – just like Ms. Dupree.
dead horse, that was *awesome*
For starters he has dealbreaker on his blurb sheet under “featured in”
There is decent turnout, the burritos are half sized (if that) so I feel a little misled. In any case, I’m leaving them for the poor college kids who need to save up to buy into tim’s trading ideas, think how many shares in penny stocks they can buy with the 8 bucks they are saving!
Please tell us that Timmay is wearing his robe! The monogrammed one. Green I think. Wearing that robe will allow Timmay to think clearer and present an even better presentation. That robe is the official wardrobe of the next Warrent Buffet!
One of the people here said, “wow, you’re famous!” And he started to pretty much glow, then he nimbly ran up the stairs and ended up tripping (much like his first fund-he fell about 1/3rd towards hitting the ground) but not getting hurt (also unlike his fund)
No, his wardrobe is remarkably similar to his competing funds strategys wardrobe-he looks homeless. That being said, he fits in with the crowd of degenerite freshmen.
I guess the symbolism is that the stairs (concrete I hope) represented the market? What….?
No-the stairs symbolised failure
Dead Horse,
You should see if Don Clarney will bring you back a small child from Thailand, it would probably help your ‘returns’ and I hear you can get them pretty cheap.
If its cute enough it might help with picking up chicks.
I sure hope you can get an exclusive interview with Timmay after such a knowledge-filled presentation. I bet Warren Buffet is kicking himself for wasting his time today on CNBC rather than flying to U of M in one of his NetJets to learn from Master Timmay!
“My whole life has been bottom of the barrel”
He gives girls that he dates ticker symbols-must be otc
He also paid ugly girls to take notes for him in college. Probably the same girls he dated. Id FAT
I was going to ask if any hot busty girls were in attendance. After all, Timmay is quite the ladies man.
Update from TimmayXchange:
SLUT
HORE
TGHT
BJ
SPIT
WIDE
ANAL
SCAT
PSSY
MOAN
PRON
DICK
SUCK
BESS
Timmy, congratulations on finally getting up to 6k! At this rate, you”ll soon be net positive over the last five years. That’s an accomplishment!
He has done a remarkable job out of whoring a five year old story into 100k this year. Of course, that’s not trading, and it’s rehashed garbage, but there’s a sucker born every minute. Timmy’s just lining up outside the delivery room so he can get dibs on them when they leave the womb.
Life lesson a la timmy: don’t trade drunk or high-you’ll see stock patterns where they don’t exist”
Hello borat “very” nice joke. Refers to himself in the third person.
I love how Timmay assumes that all investment bankers were given their jobs on a silver platter.
Ragging on this guy is easy if you are like me and are one of the many analysts that earned his (or her) job through hard work on his own dime (and didnt have $12,000 in bat mitzvah money).
Quotable quotes
“The week of the Asian tsunami was the best week of my life”
“Don’t trust anyone on wallstreet”
“The SEC should be beheded”
He’s offering his dvd for 300 bucks-
On to the questions-
Indicators for covering a trade-he covers quick.
Fav research method-looks at yahoo.com for “big gainers”
Why negative on visa? Simplistic view to be long visa-question valuation-but he prefers fake companies.
Wow-guy nails him- aren’t you just lucky. Blames sec doesn’t answer the question in the least.
His mom cleaned apatment and does his laundry he is “a spoiled jew”.
Personal effect of losses cuz his friends and family invested in fund. He has strained relationships. He answers this question well.
I’m thinking on shorting his dvds. I’m definently short TIM and his OTC girls.
I am long BESS.
that was wonderful bjohns. thanks for taking one for the team and reporting back to us working stiffs.
Whew!- Damm tht was a good dump. Who is this TS dill weed anyway?
haha bjohns did a pretty good job, he even got the part where i tripped on the stairs, but a few corrections:
1. the asian tsunami wasn’t the best of my life, it was great for trading though–don’t hate the playa, hate the game
2. i answered the question of being lucky blaming the SEC not allo0wing me or any other fund manager to advertise their exact stats and since wall street ANALysts are notoriously lacking in research skills, they forget i made my 2nd million AFTER the bubble, shorting into these POS companies
And don’t get me wrong i have no problems with IBs, deals will always need to be done and i have zero experience with that–my problem is with ANALysts who have horrible track records and yet are still allowed to speak
And tot he people that can’t understand that my 6k in 6 months will easily be 50k or 100k in 6 months if and when my account starts at 100k or 200k–my strategy is scalable into the hundreds of thousands…you guys have gotta be ANAlysts, only they could be that coked out not to understand this concept
“Congratulations – you’re looking to be the patron saint of slacker stock investors whose bosses yell at them and wonder why their work is never done.”
Smoke weed all day! Using Tim’s strategy I can make even more supplemental income from work.
I smell a promotional tie-in!
/Carlton Sheets
I have to thank A Dead horse and Bjohns for making me laugh my ass off for the past few minutes. Touche sirs, and thank you.
Tim, do you really think ordinary joes with jobs (presumably, and that may be a poor presumption on my part) have the time, insane/mysterious energy, etc that you do? 6:24 pointed this out and I’ve seen others (myself included) question this, and you’ve yet to respond with any reasonable support (no surprise there).
I know its virtually impossible for me to get more than a few trades a month off for my PA because having a job simply does not allow one the time to do any real research (unless you’re going to be reckless).
Maybe thats it though, the only schmucks who are ignorant/gullible enough to buy into your nonsense actually have that kind of downtime while they sit on their assess watching Price is Right collecting social security checks.
Anal_yst – Have you any idea of the actual amount of a social security disability check? I doubt that those actually collecting social security disability checks have the spare change for even the most modest “investing” schemes. They’re just happy to hold on to whatever housing they have and to keep eating. I don’t disagree with you about Mr. Sykes; just don’t take it out on the really down and forever out.
yes i do think people with ordinary jobs can play this game–as i’ve posted repeatedly but you’ve chosen to ignore, the best plays come about only a few times per month…i have the patience of a ferret on crack so i’m in and out for quick high percentage profits, but on this ideal trades i leave tons and tons on the table see here 2 examples:
http://timothysykes.com/2008/03/09/a-scary-perfect-short-into-a-slumping-supernova/
http://timothysykes.com/2008/02/28/hey-i-may-be-stupid-but-i%e2%80%99ve-got-a-great-strategy-aka-anyone-can-do-this/
@ 1-2,
That was an interesting point… Zero street time…
@ Timmay,
Have you ever had any of the NASD numbers?
~SEG
For disclosure: 6,7,63,65
i have no licenses and never willl-neither will any of my pennystocking students…remember, we’re just trading by the manipulated charts, no fundamental analysis/financial know how required, more important to understand this niches unique qualities, none of which will ever be taught in traditional finance classes–best way to think of this is similar to girls gone wild, instead of trashy underage girls, i’m dealing with trashy low priced stocks, scary similarities, ashley dupre was a classic pump and dump
Timmaayyyyyyyy — What do I have to do to meet that hot lawyer chick? I want her to ride my pony and glorify my returns to her. I can take her places shes never been.
Timmay just curious you say you made all your money shorting into the aftermath of the tech bubble, but your strategy is exploiting patterns on penny stocks, what is the relationship here it seems like in one case you are saying you made a Paulsonesque macro short bet and in the other you are doing intraday technical analysis.
Thanks.
8:33, good question, let me clarify, i only learned short selling after the tech bubble–i’ve never made any macro bets, i just short individual pump and dumps, it’s a great niche strategy cuz undeserving small companies will always try to hype themselves up in order to raise capital. back then boiler rooms did the hyping, then it was PIPE funds, then “newsletters”, now it’s a mix of all 3
Tim, are your returns audited?
small companies can’t raise capital just by pumping their own shares, they would have to issue shares at the higher prices too
Hey Timmy,
I will loan you the money to get over that 25K “hump” if you let me photograph your mom giving head to the leadership of Hamas.
Everything I’ve ever done is audited, still waiting on the final audit from my fund, but I’ll post everything on my site shortly.
Yes, companies raise capital at higher prices, $2 stock puts out fluffy PRs and coordinates with brokers to get them to $8 in a few days, announce financing at $4-5, company likes it cuz they got double the $, short sellers like it cuz the stock drops to financing levels pretty quickly and amateurs curse the stock market for being so difficult cuz they bought at the top–thats Pennystocking!
Timmy–what about the lawyer chick? I need to show her my shorts and get long later….
@brucewayne you are sick
damn.. i missed yet another lively debate on DB..
-mrp
“waiting on the final audit” never heard that one before. are you waiting for your kid brother to graduate HS and hope he takes accounting in college so he can do your audit. rubbish
9:45, its not rubbish you POS, its called having a low priced accountant…scum like you really piss me off, my entire business model is based around total transparency, what purpose would it serve for me to hide anything whatsoever!
you have to admire Timmaayyy for actually being out there and open to taking all this shit from folks who hide behind anonymous names and work in desperately boring jobs. Give ‘em hell, Timmayyyy.
Now, hook me up with that lawyer chick!!
I met him. He has a weird twitching problem and scares girls. Also Tim aren’t you from CT? at least that’s what your friend from Duke law said…so a guy from CT with that much bar mitzvah money claiming people have silver spoons in their mouths is…rich (pun intended).
so jumpy Tim, you act like a day trader.
I gave the benefit of the doubt by asking first for audited returns. you don’t have them, fine. Its difficult for me to explain how little I care. I haven’t heard anyone listing to your advice on whatever it is you do. turning 12k into 18k? you are so out of touch with anything remotely close to investing, trading or money management.
@10.16–for someone who doesnt care, you sure post a lot about Timmayyyyy.
Are you gay?
I’m from CT and people are better off than most in other states but not everyone is loaded. And why knock Tim, name one trader that hasn’t lost a ton of money at one point, as long as you live to fight another day you’re good.
@10:21 I would exactly call that a lot.
I’m gonna agree here. Timmay’s giving it his best and sticking his neck out. Good for him. Who are the rest of us to judge. Expecially anonomously. A category I would include EVERYONE in.
I nominate bjohns for the meat sandwich-adult mag-champale award of the week for (a) sitting through Timmay’s lecture and (b) posting about it. Nice job! If this site has any credibility, you’ll soon be receiving a nice gift pack. Then again, I wouldn’t start spending your burrito savings…
@10:30 you’re missing the point here. no one cares about Tim’s best
@10.49– you must be gay. Did Tim turn you down?
I am a Dude is too stupid to be gay. GAnalYst
that was very harsh Ganalyst. here all this time i thought we was friends
I’m from a middle-class family in Ct, not the pretentious part that ruins our good state.
You’re damn right I act like a day trader, much more exciting than boring/strange value investors
Some of you, thanks for the support, what some of these idiots will never understand is that I’m totally open about everything–because I believe that’s the only way true learning is possible…it’s funny that this offends so many pretentious narrow-minded pricks that have come to dominate this pathetic excuse for an industry
I always thought the rich part of CT is the part that GIVES it its good name.
Timmy–ask these folks who they are. You’re public, so should they be.
Nope, the rich people in CT are snobby soulless superficial bastards–they do nothing but give our state and our industry a bad name
Tough to ask cockroaches their names, doesn’t really matter, they all need to be exterminated
I dunno Tim, I think those folks in lower Fairfield provide a valuable service. Without them CT would be deemed worse than NJ. Jersey Guy
Has Delaware been mentioned yet?
The guy from Delaware.
Tim you’re being annoying. More annoying than when you twitched and wouldn’t leave that poor girl at the party alone. You’re from a middle class part of CT and got $12K for your 13th birthday and its just your friends that are rich right? Sure.
The sad part is that duke law girl has no idea how much of a failure you are. She even thought you hadn’t lost all your money…that it was just locked up in illiquid securities (forever).
I will (and have) given Sykes credit for being open/transparent, no one can fault him for that (in-and-of itself).
I can’t believe I’m doing this, but in Sykes’ defense, he does not anywhere proclaim that his strategy is good for big-time legitimate money management, so you/we can’t really criticize him for his strategy not scaling (well we can, but thats another story).
We can, however, argue that pennystocking is wholly inappropriate for the vast majority of individual investors, especially those with only 10 or 20,000 to play around with. Unfortunately, Tim continues to stick to his belief (unsubstantiated, besides a few anecdotal accounts) that this is not the case, which Tim, is why people hate on you, if you haven’t realized yet.
no, people hate on tim cause he stuck his neck out. Simple as that. Its a painless way for you nerds to compensate for the grief you took in junior high. So act like men and knock it off.
i got $6k from friends and family and $6k from my grandfather…and since when did i lose all my money? far as i can tell i’ve still got a cool $600k in the bank and got a pretty sweet biz models thats now set to bring $200k this year
Anal-yst, the simple truth of the matter is that penny stocks are no more dangerous (especially since i say cut losses nearly immediately) than any other niche (as BSC shareholders learned the hard way) there’s just a ridiculous amount of misinformation scary similar to sex education in the 1940s. u may call me kinsey
whats funniest is people think i have all these haters when in reality–as told to me by the ip addresses, there’s only 2-5 of u lil bitches out there…gotta love how these people have sad little lives and spend time ripping on me, posting under aliases–most, if not all are on Elitetrader.com, home to failed traders who proclaim to be successful…and u wonder why i rip on this industry so much?
Tim just admit to being like any other well-to-do CT kid who gets 12K presents for his 13th bithday (except you’re one that failed hard early on) and embrace your jackassness. And if you’re going to be such a public jackass, I think you should strive for more than 200K. Also, who the heck goes to school in MN for an MBA???
We don’t read elitetrader here…isn’t that for prop shops?
patience…200k just the first year of this new publishing business, gimme some time–this is the new girls gone wild
@ 12:15
Grief in highschool? I dunno about you, but 3 sport varsity athletes don’t get alot of grief. Are you implying we’re all pointdexters over here, because you’re severely mistaken brosef.
@12.51 – dont be bitter that Timmaayyy makes more than you do….I’m not surpsied at all, now, go get us some coffee
Why don’t somebody publish a book and get it over with. Tell Us more about Michelle Caruso Cabrera.
@2:21pm
If this were a forum for 12 year olds with paper routes your little comment might hold water. Guyanese housekeepers make more than Timmy’s fund is pulling.
A comment from someone who models himself on a comic book character really is insightful!
I think the handle has something to do with being gay. Or a pedophile. Remember that funny relationship between Bruce Wayne and his ward….
wow, I want Timmmaaayy to post on my blog too (too bad I don’t have one) — look at all the advertising revenue (per “eye ball”) this post has generated!
@ 4:45
I prefer the term pederasty.
I am a little bit shy
My cock looks like a fat burrito if somebody is interested.
I bet the guest defending Timmay is his bff and infamous sidekick Ed Zimmerman from everyone’s favorite WSW episode.
@ Tim Nope, the rich people in CT are snobby soulless superficial bastards–they do nothing but give our state and our industry a bad name
Wait so what the heck good is CT if not for having been the historic playground of Manhattan millionaires to keep their estates and yachts?
what the heck is elitetrader.com?
is that one of these places where loser day traders like the ones on yahoo finance hang out and pretend they are real traders?
yup thats exactly what elitetrader is like…check out my newly redesigned site and let me know what u guys think!
http://www.timothysykes.com