Is Tim Sykes really a scammer?
- Thread starter short&naked
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What???
Sykes is constantly looking for and advising about brokers that do have shares to short. Yeah it may take some work on your end to locate shares but the truth is, Sykes trades are real. Just because Etrade doesn't have shares and that's your only account doesn't mean the trades are not real.
What a funny thread. The jealousy of success is just sick. Sykes found and innovated an edge from which he made several million from exploiting it and 10,s of millions teaching it. The niche is too small to get super rich exploiting, Tim wants to be super rich so he found a way to teach to become truly wealthy. Why the hate? If anything you should be looking for a market niche to exploit rather than tick kissing the e-minis all day or whatever.
surf
surf
The guy is obnoxious and in your face--- but guess what-- that sells. In real life he is nothing like his Internet self but rather a really nice guy. Peace. Surf
Good point. Another telling thing is the defenders' logically invalid arguments. Anytime when Surf bullshits about irrelevant things that just underlines the shady nature of the business.
This would be a good argument example: "Although his recommended stocks are hard to impossible to borrow, but I learnt the strategy from him and now I can apply it without his mentorship to stocks that can be borrowed easily and now I am making money on my own."
Now when I see a testimony like this from a CREDIBLE source, I will think that the vendor's service is good. But not until then...
After all, isn't the goal of any mentorship is to teach how to fish??
How can anyone not make money with his "system"? As soon as he places the order he makes an announcement (like all gurus not just him) the MM's go wide due to the flood of 1 sided orders he betters their bid/offer by a few pennies and collects the spread + some directional momo. It's kind of hard to lose like that.
Only problem is you need at least 50 other saps following you realtime and ready to hit aggressive orders at the press of the button.
Only problem is you need at least 50 other saps following you realtime and ready to hit aggressive orders at the press of the button.
Sykes says GNIN will crash Monday. He is short 26k plus shares. Any challengers?
Let's see what happens!
Let's see what happens!
Quote from marketsurfer:
Sykes says GNIN will crash Monday. He is short 26k plus shares. Any challengers?
Let's see what happens!
Out of curiousity, what's a crash? Generally speaking, 10 to 25 cents on 26,000 shares aint bad (of course depending how long he's had the position).
Im not judging him one way or the other. I think he's at minimum... entertaining.
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