SEASON 2, thursday TV WALLSTREET WARRIORS

[rogersjeff7]

Quote from ScapGF:

Tells me he is smart for cashing out and will probably come back pretty strong at some point.

Retooling is a necessity throughout one's trading life, no?

Actually in his book, you get more of the sense that he closed his fund/became a "market pundit" in order to capitalize on WSW. Doesn't look like that worked out very well, so far

But in his defense, his blog is pretty good, I still don't think he can trade, but teaching is for those who can't do.

 

[Kaempferrand]

It is always back to good ol' Tim.

His commentary I do agree with especially in terms of his views on that Boiler Room crew.

Definitely will be interesting to see how all these folks in the second season will play out especially the rookie and her time with SMB.

 

[kinggyppo]

Can someone post the gay leprechaun so we can get back to this season. Longhorns I am ashamed of you.

 

[kinggyppo]

Quote from kinggyppo:

Can someone post the gay leprechaun so we can get back to this season. Longhorns I am ashamed of you.

http://www.elitetrader.com/vb/showt...ighlight=tim+sykes+gay+leprechaun#post1581503

 

[LessOnLeeson]

The SEC closed his fund, not he, for advertising returns through WSW.

 

[ScapGF]

Quote from LessOnLeeson:

The SEC closed his fund, not he, for advertising returns through WSW.

Is that so?

 

[GGSAE]

Quote from ScapGF:

In general, sure. But I don't know his specific methods and what sectors he was playing. If he was short commodity companies over the past year then you could easily say that he is short in a bear market, but you and I both know it depends on what you are trading and that he would have lost money on that "short in a bear market" scenario.

If he had been short Dow Futures at the beginning of 2005 or 2006, either one, he would still be out of the money.

Let me know if you find that P/L whenever you get a chance to locate it

Here you go:
http://www.elitetrader.com/vb/showt...light=tim sykes gay leprechaun&pagenumber=163

 

[El OchoCinco]

Quote from LessOnLeeson:

The SEC closed his fund, not he, for advertising returns through WSW.

He specifically stated it was his choice alone for closing his fund so he could focus on his book and his future TV (i.e. NON-TRADING career).

The SEC will not necessarily shut you down for advertising your returns, they will fine you if you are not regulated and advertise illegally.

 

[ScapGF]

Quote from optioncoach:

He specifically stated it was his choice alone for closing his fund so he could focus on his book and his future TV (i.e. NON-TRADING career).

The SEC will not necessarily shut you down for advertising your returns, they will fine you if you are not regulated and advertise illegally.

This is another thing I am wondering. It could be considered libel for people to go around making some of the statements here.

Why is there so much contradiction in this thread about this guy?

Very very odd...

 

[LessOnLeeson]

Quote from ScapGF:

This is another thing I am wondering. It could be considered libel for people to go around making some of the statements here.

Why is there so much contradiction in this thread about this guy?

Very very odd...

Negative. Sykes is considered a public figure since he has profited from a public persona and inherently accepts the risk of being in the public eye. Second, a public figure must prove that the party defaming them knew the statements were false, made them with actual malice, or was negligent in saying or writing them. Since, Sykes was clearly in violation of SEC Rule 502(c), my statement would be a logical conclusion.

Damn never thought that CAIA would come in use here.