You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Who is this high roller??
- Thread starter Bob Rowshan
- Start date
Quote from makloda:
So much BS posted about Sykes, Cramer or whoever that it just makes me sick. I hate defending these people because I don't like their personalities but I can't stand people opening their mouth before knowing what the shot is.
Sykes made his money (before losing it) SHORTING stocks. How on earth could he gotten out "at the high" before 2001? 2001 and 2002 must have been great years for him, he speculated AGAINST stocks, he did not BUY stocks. How hard is this to understand?
Every 3rd Sykes post is always "The guy got just lucky buying tech stocks but held on too long and got burned in the bear market". This is completely untrue and comparing Sykes to some momentum buy and hold guys in 1998/1999/2000 who blew up the downturn is very far from reality. At least let's get the facts straight for Christ's sake.
Repeat: Sykes made his money (before losing it) SHORTING stocks. He compounded hundreds or thousands of little tiny 1, 2, 3% gains over several years. HOW ON EARTH IS THIS LUCK???????????????? PLEASE EXPLAIN YOU GENIUSES????
TIMMAY himself says he initially made hid 1.2 or 1.6 million buying a company that was going to be promoted on 20/20, this company was a tech company. This comes straight from sykes nobody is making this up, he later went on to short microcaps.
Mentioning Jim Cramer in the same sentence as Tim Sykes is insulting to Cramer
That is like saying all people who eat red meat have the same eating habits as Jeffrey Dahmer.
Quote from bathrobe:
Mentioning Jim Cramer in the same sentence as Tim Sykes is insulting to Cramer
That is like saying all people who eat red meat have the same eating habits as Jeffrey Dahmer.
i actually disagree. i'd rather think sykes is a notch or two above Cramer.
nothing sadder than a 60+ (or 50?) yr old guy spouting anti-chinese rhetoric on TV and getting paid for it.
At least Sykes has youth on his side as an excuse.
Quote from bathrobe:
Did Sykes say in all seriousness he made 50k a day? And found this boring? Is he still shorting microcaps based on his super indicator, the news? This person is two much. He should become a Tony Robbins type but his subject can be BULLSHIT!
My main problems with Sykes are he is making an entire generation of young people and newbies into his book thumping morons. Also, the way he conducts himself; he signed up for the show, he wrote the book, he makes moronic quotes like the one about 50k a day. then his followers blindly follow him and believe he is some genius.
All of the negativity that comes his way is his fault, he signed up for it, however I do not think the old adage "any publlicity is good publicity" applies to him because he is selling a product on making money his way (the problem is he no longer makes money)
On that horrendous show he was on there is a scene where he claims that making 50k a day used to excite him. Now that doesnt excite him anymore....a million dollar day is something that gets him excited. Rather funny coming from a guy who traded a 2 million dollar account. Shows you how full of shit he is. Then they showed him whining about losing 5k.
He was a flash in the pan. He did make some good money during the bubble/right after it. Then blew up....wrote a book that 5 people actually purchased....has a DVD which has yet to sell one copy. He now trades 200 shares of stocks nobody is interested in and has a legion of 8-10 morons who praise him and follow him around like lost puppy dogs.
Quote from Don't Pass Bet:
I mean, what this guy did here was unreal.
You wanna know what's unreal? Guys who went from nothing to making 50k-250k PER DAY. Yeah that was a common story during those days. The hard part was keeping that money.
Only thing Sykes deserves any real respect for is the fact that he actually managed to keep some of his small wealth. Probably not much left by now but better than most.
Fact is that his shorting micro cap strategy is not exactly legit. Have you ever tried shorting a micro-cap at the end of its pump? Why don't you ask Sykes exactly how he was able to short even a slightly significant amount. You will never get a straight answer.
He realized his luck ran out and is trying to sell bullsh*t to idiots. And he is very sleazy about it. What's there to respect?