Good thing this thing isnt main stream, such a bad rap for the industry portraying piker like this talking about running his own hedge fund. Alex Gretchek is "the real deal" compared to Sykes, someone who spent countless hours doing research and made major $ at Worldco, not banging out quarters daytrading "penny" Nasdaq stocks like Sykes.
Why everyone hating on Tim Sykes? Are you all running $100 millions+ hedge fund here with penthouse on Park Avenue? Give the kid some credit, he did made $1.6 mil out of $12k.
That Pakistani chick trades the Schatz which is the 2 year German note future and not obscure (768,000 contracts today while i am typing) and she is one of its biggest traders. Other random thoughts.... I enjoyed the sign above Jim Rogers' cellar, "Beware of the man who does not drink." Sandra is now on her own, whatever that means. I think she needs to focus and not take up quantum physics(????). She "networks" well and hangs out in the Hamptons with dudes who play Polo one weekend and a family with two kids the next. Mooch. Guy di Silvay's a stud. I wish they would talk about him more. Although in the office every time they mention a stock they have to bleep it out so it sounds like they're swearing up a storm. Alex also is a stud. "I LOVE AMMER-EEEECAAA!"
Yes he did along with an army of plumbers, taxi drivers and construction workers... no offense to anyone but those were picking $ of a tree days. Lets look at his returns.. 2003 6% 2004 20% 2005 23.5% 2006 -22% ytd Since inception 3/2003 his average Monthy loss is greater than average Montly gain, the only Fund of Funds looking at him might be his family.. On a 1.3M dollar portfolio these returns are pathetic, but they will put him in top of the short term trading category 04/05 compared to guys running MMMs not being able to get in/out of the market as quickly as Mr. Sykes. I wouldnt have a problem with him whatsoever if he wasnt posing as a big shot... I love in that online episode how hes talking about FU money and $$MMs meanwhile hes pulling around 100k on average since he started his "hedge fund" Like I said before Alex is "the real deal" compared to Sykes, and their roles should have been reversed.
The fact that Timmy still lets his mother come over to do his laundry and clean his apartment shows what loser he is in my book. I cannot believe he calls himself a hedge fund manager daytrading stocks for pennies (I am sure there is more to it we are not seeing). The only person worth listening to from the episode I saw is the Specialist on the floor of the Amex who is involved in real stuff. I would rather they just followed him around all day so I can see what he does. Except for when he has that dorky little summer intern who is the son of another specialist, what a wispy lad lol.
So I'm guessing everyone on this board start out with million dollar hedge funds and have yearly return over 20-30% consistently? The fact is, everyone start somewhere and when you are 20 something years old and just got out of college...thats how you act. Were you always mature and never joke about stuff like FU money with your friends? To me, they just act like any 20 something years old. + the director show you what he wanted to show you for entertaining purposes. So he cut off most of the dinner and show you the sterotypical "wall street" guys. (bunch of young guys in suit talk about making alot of money). Yea, theres also alot of people made money in the late 90s. But how many actually sold and kept it? Am I going to worship him as a trading genius? No. But I don't see much of a reason to hate him. Yea sure, theres bunch of people who made money in the market. But theres only so much college grads fresh out of college with $1 mil in their account.
Once again, his stats: 2003 6% 2004 20% 2005 23.5% 2006 -22% ytd Where do you see consistent 20-30% returns?