Will you buy timmay's hedge fund book?

[LionTrader]

great post optioncoach, right on the money.
Just when I thought it's hard now, you rip him a new one. Nice work.

 

[wareco]

Quote from optioncoach:

I have to make a few points here Timmy from someone with experience, not more than most here but enough to make my comments:

1. The SEC does not shackle or censor the industry. Mary and John Smith, the average retail investor out there does not have the discretionary dollars or financial know how to invest in hedge funds. The main reason for many rules and restrictions in the laws is that due to the risky and non-public nature of hedge funds, the average investor should be prevented from putting their meager investment dollars in there just to see it get blown up. The rich are either very sophisticated or have the money to afford fancy financial managers to due the due dilige

nce for them if they wish to put money into hedge funds. This is not the class the SEC needs to protect in their point of view. However making penny trading available to the average investor and attractive is certainly within SECs purview. But simply telling a story for fun is not something that would seem to be censurable ( I will admit I do nto have an informed statement on this fact and leave it to you)

So to say people have been kept out of the knowledge loop by the SEC is naive of the actual laws out there and their original intents. You are not shackled, the rules are clear in how and who you can talk too. Ms. Mary making $40k a year teaching English does not need to be thrown into the hedge fund industry.

2. Penny stocks are the riskiest investments out there. Anyone with true knowlege of ivnesting knows this already and you are not adding anything new. I think you admit not knowing anything about this sector when you got in. So in reality you needed to educate yourself. The average American might find it anecdotal to learn about penny stocks but they should not even touch them. A book is not needed to tell them this fact of life because most of them knew nothing about penny stocks before hand anyway. The worst thing in the world you can do is pretend to teach people how to actually make money in penny stocks and encourage them to go into this field. That is financially irresponsible.

3. You are closing your fund for one reason only, to stop trading (it was mostly your money anyway) and focus on the new career you have started. The SEC is not handcuffing you in any way since I see advisors all day on CNBC talking their book with full disclosure. People here truly do not hate you they are insulted by the double talk as though we are the naive group of people you are selling the book to.

4. You are not offering any amazing expose on the hedge fund industry. The rules and restrictions on hedge funds and advertising is easily found on Google. They all come from the SEC laws on the books since the 1930s. You are more focsued on the manipulation that occurs in the penny stock sector and again, the informed already know that a $0.40 stock with 5000 shares traded is easily manipulated.

My point is that you traded from your living room and started a hedge fund with your own money and a few investors. You actually do not have true insight into the hedge fund world because you were never in it. Jim Cramer was in the hedge fund world, Long-term Capital Management, the guys on Wall Street with $1 billion in assets are swimming head deep in the real world of raising capital, managing assets, leverage and returns. So it is a little misleading. I think you would have done better marketing talking about the penny stock markets and focusing on that. Your complaints on the SEC and the hedge fund industry is like a college Division 2 ball player claiming to critique the Major Leagues, from the outside.

So stop for a second and realize that behind these names are people with long industry experience and trading backgrounds who have a better sense of what the industry is and can see that you are waving your hands to get the attention but lack the substance. And no I do not need to read the book because you have already told me all I need to see. Trading your own account pretty much and in penny stocks and with assets of less than $2 million is not the hedge fund industry. I know many retail acconts which are much bigger and more active in alternative investments but so do a lot of people here.

Your marketing approach is not for the industry it is for those ignorant of the industry who dream of trading so they live through your story but for myself, I live this everyday and understand the SEC laws and industry regulations.

So I say this without trashing since I support you in your book as writing a book is a wonderful experience. What I take issue is the claims that you and the book and what you are offering are something they are not. Fine for the uninformed public since they do not know any better but for most of us familair with penny stocks, hedge funds and the SEC, it is more of the same and what Google can reveal. If you wish I can put a detailed google collection of info right here.

From someone who knows something about writing a book on trading.

http://www.amazon.com/Option-Trader...3440960?ie=UTF8&s=books&qid=1191011694&sr=1-1

 

[El OchoCinco]

Oh man now I am going to get @#$% for that lol.....

 

[quantsteve]

Quote from wareco:

From someone who knows something about writing a book on trading.

http://www.amazon.com/Option-Trader...3440960?ie=UTF8&s=books&qid=1191011694&sr=1-1

Finally, a quality literary product is cited on this otherwise dreary thread!!

 

[Reaver]

Quote from BrightPropGuy:

Tims gonna be claiming lots of "perfect calls" through his BullShit Press.

Whole lotta snake oil gonna be brewing....

Buble Bubble Snake Oil and Trouble!

 

[BrightPropGuy]

Quote from Reaver:

Buble Bubble Snake Oil and Trouble!

Oh yeah baby..., whole lot a snake oil be going down, now brother..


...hear me now, and believe me later, whole lot a "perfect calls" be a coming from Cilantro Fund, so Tim be keepin Big Cilantro Fund open... praise Timmay and we the faithful followers....


..rise now all ET faithful in honor of our Fund manager and deep philosopher-of-life:

Timothy Sykes!!

(and of course nods to his faithful sidekick: leprechaun dude..)

 

[SteelyDan]

Quote from BrightPropGuy:

Oh yeah baby..., whole lot a snake oil be going down, now brother..


...hear me now, and believe me later, whole lot a "perfect calls" be a coming from Cilantro Fund, so Tim be keepin Big Cilantro Fund open... praise Timmay and we the faithful followers....


..rise now all ET faithful in honor of our Fund manager and deep philosopher-of-life:

Timothy Sykes!!

(and of course nods to his faithful sidekick: leprechaun dude..)

No, LISTEN ET PEOPLE, God wants us to buy that shitty sykes book, its a weird revelation but true:




Timmay ain't no stupid MoFo..

..Cilantro Fund just silly crap, ties tim to reality... no man like timmay need audit/track record...he makes up his own story..makes up own track record..

its his own business...Newbies/Suckers decide...buy book..buy book..buy book..(NICE PRETTY BOLD LETTERS = Buy Mo books from timmay......yeehaa..)

 

[SteelyDan]

Quote from TheSorcerer/TimmaySykes:

What is Tim's track record over the last 9 years or so??

what is it?? +10,000 %???

FREE AT LAST!!!!!!(Cilantro Closed Brother!!!!)

Timmay Return %(no pesky audits) = 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,00%...


Free at last..free at last.. NO MORE CILANTRO AUDITS..Timmay free at last...

..return anything mister timmay say....buy book ..buy book...

 

[SteelyDan]

Quote from TimothySykes:

I'm not saying the public should be allowed into hedge funds, but they should be allowed to learn and possibly employ the strategies that hedge funds use. Not to mention our inability to speak our minds has created an industry full of erroneous reporting, gossip and gutter talk. Woldn't it be nice for reporters to actually be able to interview their subjects instead of just guessing as to their motives?

..get rid of stinking Cilantro Fund 5yr trading record mon...masta timmay make mo better track record next time, by self, he need no audit/accountant,

who da mon ?...timmay da mon !,

...ya mon...

..he need no accountant...he just make lots o picks and tell us what happening..

..ya mon...return% = 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000..

lots o chicks and leprechauns too mon...

 

[BrightPropGuy]

Tim Sykes/Narcissistic Personality Disorder:


A pattern of traits and behaviors which signify infatuation and obsession with one's self to the exclusion of all others and the egotistic and ruthless pursuit of one's gratification, dominance and ambition.

...characterized by a rigid, unremitting conviction of personal entitlement which drives, motivates, pervades, and dominates the entire spectrum of the individual's behavior and actions. This belief assumes an imperious position that supercedes any and all sense of social/community/family/professional association and responsibility. The individual conceptualizes and interprets rules, laws, codes, mores, and values exclusively in terms of a privately/secretly held idea of self-justification and vindication that serves to reinforce and strengthen his/her distorted and contaminated projections, images, fantasies, dogmas, doctrines and practices.