Did you see Tim on CNBC fri afternoon? If he wants to attract money to his "hedge fund" he'd better think of better answers than : "The chart looks good....stock is going up" What does the company do: "I dont know...I dont care...the chart looks good" Big investors will laugh at him..... The guy reminds me of every new kid who started in the late 90's/2000..traded an easy mkt....then blew out.....I guess I should give him some credit as he is still around....although his performance the last year is rather frightening....
I, Timothy Sykes, am not only a famous hedge fund manager, I am also a member of Amazon.com Associates affiliate marketing program. Please, won't you buy some of these books, so that I can earn a 10% referral fee from Amazon.com on your purchases. How pathetic...
He promises to write a book that will enlightened the world about the hedge fund industry???????????? Is this kid full of himself or what?? I dont care about his tech boom skillz but his ego is far in front of anything he has accomplised. I would LOVE to know what insights he could possible have in the hedge fund world trading in a South Park t-shirt and crying over a $5,000 loss while his mommy does his laundry and cleans his room LOL..
Cramer already did a "video book" about what those bad hedgies were doing, while he was strictly following the rules he respects so much - A halo over his head, while he gave excess profits to widows and orphans...
I think whoever does the finding of guests at CNBC needs to be replaced. Having that cluless kid on tv as a commentator is beyond embarassing. But then again...it's CNBC.
But how can you argue with: "The chart looks good" What about the fundamentals or anything in the chart that makes you think the stock will go up? "The chart looks good so I went long" Ok how do I send you my $10,000,000 to invest?
Yes...his trading strategy is a very complex one. Kind of like going to the racetrack and just betting the 3 numbers at the bottom of the program that the track handicapper gives out. His money management is also brilliant. Kid was trading an account that at most was 1.7 million dollars. His worst day was down 190k or so. Nice one day 10-12 % drawdown. The best part is he calls himself a hedge fund manager. Now that is comedy. I actually was driving 90 mph on my way to work today. I guess I can consider myself a nascar driver.
regardless of his worst day, he still DID turn 15k into a million plus out of his dorm room...so unless your portfolio made similar returns i wouldnt be saying shit...."money talks and [your] bullshit walks"