SubscribeTDI Podcast 145: Tim Sykes – Outsmarting Penny Stock Promoters
January 24, 2010
Guest: Timothy Sykes discusses how to outsmart penny stock promoters. We cover a good amount of ground and get the inside scoop on Tim’s favorite food – 2 day old sushi. There are plenty of twists and turns in this episode – watch out. We also take a look at what may be coming to a market near you – correction or time to buy?
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Timothy Sykes, the author of the book, An American Hedge Fund. He studied Philosophy and Business at Tulane University while turning his $12,415 Bar Mitzvah Gift money into a fully audited pre-tax sum of $1.65 million from 1999 to 2002 before founding his hedge fund, Cilantro Fund Management, LLC in 2003. He went on to graduate with a B.A. in Philosophy from Tulane in 2003. He is also the benefactor of a Tulane University Scholarship, ‘The Timothy Sykes Day Trading Award for the Talented” that is a unique award in that it is awarded to an deserving Tulane student, faculty, or alumni. In 2006, Timothy’s hedge fund was ranked the #1 Short-Bias Fund by Barclays for 2003-2006 and he was named to Trader Monthly’s 2006 ‘Top 30 under 30″, a list recognizing the top 30investment professionals under the age of 30.
Check out Tim’s Site…. Not your run of the mill blog.
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Comments
26 Responses to “TDI Podcast 145: Tim Sykes – Outsmarting Penny Stock Promoters”
Got something to say?
so how can I get a copy of Tim's book?
Email- askandrew@thedisciplinedinvestor.com
- subject- Tim book giveaway
Andrew,
I love Timothy's energy. I cracked up & had to listen 3 times about the guy whose alleged technical scan picked up a stock only after 20 days up; couldn't find that after just 3 days up, hilarious. No doubt, there are a lot of sharks out there that are salesmen but don't actually trade the markets. God to expose them.
Maybe a little too much mustache talk but apart from that another great show.
Tim's commentary on the snares and deulusion of the penny stock world are worthwhile for any level of investor.
[...] I did this great, great, great podcast interview with The Disciplined Investor the other day, click here to listen to it [...]
Great guest. Just finding out about Investimonial made the episode worth the listen.
Once again, wonderful show. I felt the anger! Wow, Tim is intense. I'd hate to be the vein in the temple of his head — pounding, pounding. But hey, he makes good points and there are a lot of tawdry dealings going on. I've never been into penny stocks, although he sparks my interest.
dgp
This is one of the best show I heard thus far on your PODCAST, thanks! Looking forward for Tim’s book!!!
I laughed out loud at the suggestion that Andrew should have the URL http://www.audible.com/mustache.
Hilarious!
Ask tim if we are getting close to recognizing the time for shorting. He said he would know when he saw it.
I'd love to come on and explain my pics
Tim knows I am not a scam artist but insists on smearing me anyway. I'd like equal time for a rebuttal
Jim, given that you sucked in your helpless readers into 2 pump & dump promoted by the exact same group just days before each collapsed 50%+ within hours you can deny deny deny deny your relationship with those promoters all you want, you're either lying or just too dumb to realize the damage you've caused. Either way, you don't even deserve free speech let alone the privilege of being on Andrew's show, I hope the ghosts of all the people's money who you lost haunt you for the rest of your days. Write at least 2 meaningful blog posts apologizing for your actions, explaining how you could be do dumb or corrupt or both and then maybe, just maybe you'll be able to get a decent night's sleep for you must be guilt ridden with your actions.
Jim I have no idea what you are, you're either in with the promoters or are dumb or unlucky…you don't deserve any pedestal for your harmful opinion…those who read your naive articles and got trapped in the 2 most blatant pump & dumps (pumped byt the SAME group) of the past few months as they collapsed 50%+ within hours, thus negating all stop losses…you claim to be a financial expert, you didn't bother to look at their SEC filings to see what deathtraps they were? You didn't bother checking the message boards to see the six figure promotional mailers both companies sent out? Again, I'll answer for Andrew because he's too nice–write a minimum 3,000 word blog post explaining your stupidity and/or corruption and maybe just maybe those with massive losses caused by you won't haunt you for the rest of your days.
I havent even begun to smear you, it's unbelievable to me that someone could pick 2 stocks pumped by the same people within days of their collapse…answer for your sins goon
Well, the new year has just begun, but I'm going to go out on a limb & make a prediction:
Tim & Jim will not be sending each other holiday cards in 2010.
I think that I am going to ask these two gents to bring th conversation to the show. We will look to set up a conversation for a podcast VERY soon.
Andrew
I just read the book, and I cannot honestly believe I wasted my time with this piece of sh*t. Andrew, did you owe this assclown a favor to have him on your show? Were you really touting a "portfolio manager" that did not proof read his subscription documents and failed to do any due diligence on two consecutive fund administrators? Perhaps Tim should have started off doing cash and position recs for a fund administrator rather than jumping straight to PM. You should be ashamed for having this delusional egomaniac on a platform dubbed "The Disciplined Investor".
[...] 2. TDI Podcast 145: Tim Sykes – Outsmarting Penny Stock Promoters [...]
I thought this was a great show and loved the education and energy Tim brought to the show. Andrew, I'm promoting for you cause you finds ways to keep it fresh and cutting edge through your guest and topics.
Vag,
Tim has a strong personality for sure. Andrew has all types of traders on his show with varying methods but each containing disciplines unique their method.
The markets are loaded with promoters of crappy stocks and themselves & their system or method, and many of these guys just write newsletters but themselves can't make money trading.
Tim Sykes has a very strong personality but sop and think for 3-seconds in a row; it's good to have him out there scrutinizing and exposing the many sharks trying to take people's money. We don't have an Elliott Spitzer type of regulator looking at anything, so would you rather leave it up to the SEC? That's a joke.
[...] 13. TDI Podcast 145: Tim Sykes – Outsmarting Penny Stock Promoters [...]
[...] You can listen to my podcast on The Disciplined Investor from January 24th when I talked about XTH and van Meerten but I WAS NOT SHORT NXTH THEN….in fact, the second [...]
I have had to delete a lot of content on my blog at Financial Tides because the morons that follow Timothy Sykes flooded my site with crude, juvenile and obscene comments. Thank goodness I found out how to put in the comment moderation feature.
Thanks to all the intelligent people who left thoughful comments
Open qustion for Timothy Sykes — Tim,
Confession is good for the soul. I'd like to ask you a question: Have you recently or ever committed the unethical practice of buying or shorting a stock in your personal account or the accounts of a family member before you gave a recommendation on that stock to your paid subscribers and newsletter readers? Inquiring minds want to know.
Good post. Penny stocks are most closely associated with pump and dump schemes, where stocks are brought in bulk by stock speculators and a massive campaign to promote the stock starts, jacking up the price of the stock.
Open qustion for Timothy Sykes — Tim,
Confession is good for the soul. I'd like to ask you a question: Have you recently or ever committed the unethical practice of buying or shorting a stock in your personal account or the accounts of a family member before you gave a recommendation on that stock to your paid subscribers and newsletter readers? Inquiring minds want to know.