Quote from Sykes: "Once you read my book, you'll see stock picks don't matter, what matters is your ability to profit from patterns that repeat, time and time again."
REPLY FROM OTHERS:
Tim, Do you expect us to believe that you have found profitable patterns in financial data without any knowledge of quantitative analysis or equity analysis? Here we are (all of us at hedge fund other than Cilantro Fund Partners) spending zillions of dollars on financial data, quants, equity analysts, sell-side research and supercomputers, trying to find a pattern (any pattern) that can give us a slight edge on the market, while you have managed to discover such patterns all by yourself and without any education or resources. And, joy of joys, you will soon be giving away your secrets to the public in the form of a $20 book.
I think what really happened is that you've given up on trying to analyze individual companies, because that's just too much work and too boring (who wants to think about businesses when we can be making money instead?) But you still need to sell some kind of snake oil to your audience and your hedge fund investors. And that snake oil is ... chart reading. Couldn't you have been at least a little original, Tim? Of course not, you're too dumb for that sort of thing.
I would say that at least one person will lose his life's savings because of your book, and will probably kill himself. But let's face it, there are hundreds of thousands of phony books about investing, written by con men like yourself. I guess nothing can stop a sucker from parting with his money, but you are making it just that much easier for him.