Quote from EPrado:
Oh....even worse....if this kid cant handle a 1.3 million dollar account, then how is he gonna manage an acccount of 100 mil. He was nervous trading a 5k share position of a 6 dollar stock. There are plenty of Tim Sykes out there who thought they were geniuses during the late 90's. Most of em are gone/blew up. Luckily for him he didnt piss it away. That being said, being down 22 percent this year basically eliminates any chances of him raising money...considering his best yrs were barely above this.
Prado, why don't you read back a few messages so you don't sound like such a prick. For the last fucken time:
Tim didn't just make his money in the bubble days as he's always been a short seller. He didn't start in 1995, he made all his money 1999-2005. The 6% annual return from 2003 is incorrect because he started his fund in March, but he doesn't include the 10% he made in Jan and Feb. that year. His fund was up to $3mil earlier this year and this is his first down year because he tried going long which obviously isn't working out for him.
Obviously, he's a better short seller and he'll probly get back to that in 2007. The clips of him shorting 5k of a $6 stock are probably because it was a hard to borrow stock. If you actually watch the episode instead of just ripping on him, you will see he says, he had 14k shares left on the table because of his meeting. He knows his strategy isn't scalable, he says that in his meeting with Sandy, that's why it doesn't matter what he does on TV because he's only looking to raise a few million, he doesn't intend on going anywhere near large institutions.
God, you fucken pricks just want to twist everything around like the directors of the show. I can't wait until Tim has a big 2007
