Victor Niederhoffer May have blown up but Tim Sykes is on a roll

Discussion in 'Chit Chat' started by bond_trad3r_II, Jul 8, 2014.

  1. That Pennystocking website has a lot of retail pickers making respects coin.
     
  2. VN made more money in one year than Timmy Sykes will make his entire life-time, your not making a fair analogy. VN returned almost all his shareholders money after making the highest documented return of 35% from 1982 to 1996. A $100,000 investment with VN turned in to $7 Million dollars, do you really think Mr. Sykes could have manage the amount of money VN did? It's easy to manage $500,000 to $5,000,000 but eventually it get's harder as we climb the scale. I remember one kid I met in San Jose, California from the Internet, we had lunch and talked Stock Market stuff. I thought of allowing him to invest some of my money but something felt wrong, he was too concentrated in risky sectors. He had a great track record from 1998-2000 until the Tech Bubble Blew Up! His fund was down over 50% because he was too concentrated. No risk management disciple, if he had held half in bonds and some Dividend Stocks, his loses would have been far less.





    Forbes ran a article on the kid, his Hedge Funds was not holding $1 Billion or more, so why did he get all this attention? I like Mr. Sykes because he is not afraid to expose companies that are not worth anything, he's been sued, threatened and keeps fighting trash stocks! Do you short Pink Sheets and what Broker is allowing you to short the trash Timmy helps find? Please don't take my reply as combative, Wall Street treat's poor VN like a Pariah, they don't remember how great his trading skills were because VN did not leave the party when he should have in 1996. If he had left, he could have went on the Speech Circuit, every Trade Show and been a commentator for CNBC.