Podcast Interview: Day Traders Reacting To Market Volatility
Posted by Timothy Sykes on Mon 5th of Jan, 2009 07:45:14 AM
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A few weeks back, I did an exhaustive audo interview with a NYC economics report, Lisa Chow, who wasn’t interested in my stock picks, she was more concerned with my trading process (finally, someone who gets it!)
The podcast below and article entitled “Day Traders React To Market Volatility” are what came from it:
The final product was brief, but it was to the point, which in today’s world is rare. Overall, I think it came out pretty well, almost as good as my “The Big Money” video on the same subject.
Too lazy to click the play button, here’s a taste:
SYKES: We’re shorting fundamentally flawed companies. There’s usually a reason behind it. Unfortunately lots of people don’t like that because we’re betting against America. We don’t expect to be popular. You’re not going to be like, hey, did you make money on that failing company, 50,000 people out of work, yeah! You’re not going to be popular at parties whereas lots of people like stock tips, yeah, I found this company in great company, great technology. It’s going places and people like to be on the ground floor.
REPORTER: Betting against America may not make Sykes popular, but his portfolio has doubled since last year.
SYKES: What is risky has a total new definition. Mutual funds were thought to be safe. Short Selling was supposed to be dangerous. Now Short Selling is the only thing working.
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