The End Is The Beginning
Posted by Timothy Sykes on Wed 3rd of Oct, 2007 11:39:02 AM
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Yes, it’s true, I’ve closed my hedge fund. I believe the official PR says it best. It was a very difficult thing to do, but I believe it’s for the best. I’ve definitely had my ups and downs, but only now do I believe
es-20″>my story qualifies me to be able to illuminate ALL the risks and rewards involved with financial speculation.
A lot of people seem to think that since my fund was “only a few million” and “I only made a few million”, I’m unqualified to give my views on the hedge fund industry. I say that’s rubbish! There are 10,000 hedge funds with assets under $10 million and until now, they’ve never had a voice. To just about any rational human being, a few million dollars is a ton of money and even though I’m 1/3 off my highs, the fact that I’ve devoted the past decade of my life to this sport means I know a little something.
In fact, I almost forgot how nice it’s going to be to tell everyone that my fund’s recent losses were entirely due to one single position, a position that certainly will haunt me for the rest of my life, but a position that I’ve been unable to do anything about for the past year because I’ve had restricted (aka not salable stock)! So, when people like Randall Lane, editor-in-chief of ‘Traitor Monthly’, who mistakenly believe my recent publicity has hurt my trading abilities, say I’m no longer worthy of being a part of the trading community, I say nonsense! Whether they have big gains or big losses, traders are brothers in arms. But this is just a shining example what’s wrong with the finance industry: a lack of transprency. It’s going to be so fun to let it all out!
Imagine having a trading strategy that has been refined over a decade and not being able to take advantage of it to the max. Imagine knowing exactly what to do, but being too greedy and not having the discipline to be able to wait for all the variables to align. Welcome to my life—I’m soooooo excited to finally quit wasting my life away and start helping others learn from my experiences. I’m going to give everyone a chance to understand what I understand. Then, we can all see whether, as some people believe, I am full of BullShip or not. Full transparency baby–get ready!
Oh yeah, check out my latest book rave , add it to the list!
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
