Quote from TimothySykes:
Plenty of successful traders write books--let me know if you can resist writing a book to help people and explain everything you've been through when you're getting 40+/emails from young investors and traders who know little about trading and hedge funds, but want to get in somehow.
Quote from ghostzapper:
Take it from me, receiving alot of emails and translating that into $$ are 2 very different things. On the internet, people will do anything for free (like emailing). getting someone to pay is a totally different story. You'll someday realize that these are wise words.
Quote from TimothySykes:
Actually, I was quite pleased with the interview. I defended hedge funds as Cavuto thought their fees were too high for too little gain. My point in mentioning that the markets are at all-time highs was that I don't think the good times can last indefinitely and when they stop, hedge funds, especially short-biased hedge funds will reap the rewards. But it was a national audience so I wasn't about to get into short selling basics. And, Cavuto was only skeptical of my returns, but after I told him they were all audited, he backed down. Nice attempt at fact twisting (I'll put the video up on youtube.com later)
Also, it was incredible to hang out with Steve Forbes for nearly an hour before the show (he was the guest before me so I gave him a copy of my book and I got his card--hopefully he'll offer his thoughts)
Anyway, national TV appearances always pay off and this time was no exception--I've already received over 300 emails. Not mention that FOX producers have asked me back on for their weekend roundtables and to discuss the possibilities of appearing regularly on their upcoming business channel, launching this fall.
So, this great day was only just made better by a great steak from Strip House in my belly and the best book review yet from TheStockBandit.net:
http://www.thestockbandit.net/2007/07/04/timothy-sykes-an-american-hedge-fund/
Happy 4th of July everyone!
Quote from mde2004:
I call bs on this bogus info.
Quote from TimothySykes:
and the best book review yet from TheStockBandit.net:
http://www.thestockbandit.net/2007/07/04/timothy-sykes-an-american-hedge-fund/
Quote from ghostzapper:
"His audited returns are certainly impressive..." says the stockbandit in his "review". Hmmm.
Quote from TimothySykes:
6. My performance data was never shown on WSW--my lawyer and I made sure of that.
Quote from dwl603:
Another lie from Timmay, episode 6 you state that your
hedgefund is down 300k for the month. So all this shit about what your lawyer said is just pure bullshit.
Trying to come across like you are trying to help new traders out when really all you re doing here is pitching your book makes you look like even more of a con.
You wanna help people out try posting information for free.
Quote from TimothySykes:
Notice I used the dollar amount and not the % return---big difference, at least according to my lawyer.
And, I'll post all reviews, positive or negative, but they must have read the entire book, not just the first chapter (aka Dealbreaker.com)
Quote from ghostzapper:
Timmay, i'm trying to wish you well and bow out here, but you're making it tough. "according to your lawyer"?? The same lawyer who incorrectly told you that you cannot "legally" tell people how much is in your "fund". LMAO.
Answer me this, why is it that on CNBC , EVERY fund manager who comes on to be interviewed has their AUM told to the CNBC audience before they are interviewed. Maybe your lawyer should watch CNBC.
You don't tell your AUM b/c you are embarrassed that there are tiny, given your big, fascinating "story". How can you sell books about this great story when in reality you may only have $1M in your account. And I agree again w EPrado, this is no hedge fund. Its a personal account. I thought you said you are honest ?