Owner: TimothySykes.com URL:http://www.timothysykes.com Join Date: Sat, 10 Nov 2007 20:57:43 -0600 Rating:0 Site Description: Timothy Sykes' claim to fame is turning $12,415 in Bar Mitzvah Gift Money into $1.65 million in 4 years by trading thousands of stocks while in college. He later went on to become a top ranked hedge fund manager and star of the TV show Wall Street Wa Site statistics:Click here
Monday Morning Monotony 2007-11-12 09:47:01 Overall market doesn’t seem to know what it wants to do—afternoon panic possible, but not probable. Highfliers BIDU, ISRG, FSLR, SOHU, JRJC, SPWR all down nicely—flight to conservative investments like CYGT. Just kidding, but CYGT is acting nicely on continued volume, increasing the bid from .06 to .07 and now .09 and taking out the 0.09-.10 ask and pushing it all the way up to .17 (now a .13 guy just came in hoping to get lucky). Endeavor Acquisition ( Read more:Monday
, Morning
, Monday Morning
Sample Chapter From My New Book 2007-11-11 19:44:30 I actually posted this here , but I guess not too many people have seen it. So, here you go guys, now stop cluttering up my email asking me about it!Chapter
6: Once in a LifetimeAnd, in case you want some more information, also be sure to check out these Read more:Sample
Solar's Eleven: If Solar Stocks Were Cast in a Movie 2007-11-11 17:57:56 Now I see how tough it is to be a casting director—it sure wasn’t easy to pick which solar stocks would be right for Solar
’s Eleven
. But maybe this list will be as popular as the movie Ocean 's Eleven so I can cast more characters in the sequel. Read more:Stocks
Where I Find What Stocks I Will Trade 2007-11-11 12:24:19 In trading, correctly picking your entry and exit point is only half the battle. More importantly, you gotta be sure you’re playing the right stocks! To find the right stocks, I use just a few different websites! Below is a list of websites I use every single morning, afternoon and night to find what’s in play—and by in play I mean stocks that moving 10-300%/day and have plenty of trading volume so that I can get in and out easily. The time it takes to Read more:Stocks
, Trade
TIM: Week 1 Review 2007-11-09 14:54:18 TIM $12,798 (flat on the day, up $383 on the week)Well, this was a pretty boring week—the overall markets got decimated and I made a few hundred dollars. My sole position is 50,000 of Cygnus eTransactions (Other OTC: CYGT) as I’m expecting some big things from their debut of their new produ
Beautiful Action! 2007-11-09 08:56:55 Wow, it's been a while since we had this kind of fear in the marketplace, but this morning's action really reeks of fear--isn't it beautiful? I know, I know--I always say it doesn't matter what the overall market is doing, but it's just so much fun to sit on the sidelines while all the bulls are getting crushed. As for my plan today, I don't know if I'll try and pick up some bounces--CROX is near unchanged for the day (a very bullish sign). The markets waste Read more:Beautiful
, Action
Friday's Frontrunners 2007-11-08 21:07:20 I’m looking at 5 main stocks to play tomorrow—probably some kind of play towards the market close since I’m not allowed to day trade. I don’t care what kind of market we’re in, Friday
afternoons are always scary for short sellers and thus, short squeezes are quite common and predictable. The top two potential Friday afternoon short squeeze plays are two former momentum stocks that have both gotten decimated afte
TIM: Thickheaded Thursday 2007-11-08 16:00:41 TIM $12,797.84 (-$11 on the day, up $382.84 on the week) This was a wild day in the markets and I’m pretty disappointed in myself. Not only did I not finish the day with any gains, but I pissed away my last remaining day trade so I can’t day trade again until next Tuesday (in honor of this ridiculous Pattern Day Trading Rule which didn’t exist the last t Read more:Thursday
MOJO and the Markets 2007-11-08 14:09:21 On November 5th, MOJO, the hi-def TV network geared towards affluent males, announced the return of Wall Street Warriors in early January 2008. And then they threw in a little surprise—two more TV shows dedicated to the finance/business world! Now, every Thursday night, affluent men all over the world will be glued to their sets to watch Read more:Markets
Thursday's Watchlist, Damn Long Term Investments! 2007-11-07 21:48:58 I have a big problem—while looking for speculative plays, I keep finding solid companies that are great investments, but not right for TIM. So, I write about them. Now you know why I don’t have any positions in stocks like Synaptics (Nasdaq: SYNA) and China Finance Online (Nasdaq: JRJC) and yet I really like them. Now, tonight, I f Read more:Thursday
, Investments
New Book Review from Atlas Shrugged Social Networking Site 2007-11-07 19:00:44 If you're a fan of Ayn Rand's incredible Atlas
Shrugged and The Fountainhead (two books I both highly recommend), then you'll be pleased to discover there's a new social networking site called Read more:Social
TIM Wednesday Roundup 2007-11-07 18:25:16 TIM $12,808.84 (flat on the day, up $393.84 on the week)*When calculating the $12,805 figure yesterday, I just estimated my commissions, my bad. (Don't worry haters, just signed up for Covestor so everything will be verified) I didn't trade today as I didn't see anything worthy. Finally! A decent size down day on the markets today—all the major averages d Read more:Wednesday
TIM Portfolio 2007-11-07 09:32:00 I'm getting a lot of questions as to TIM's exact portfolio. I'm in the process of creating a whole new page devoted to TIM and that should be ready in the next few days, but for now just realize that TIM's portfolio consists of only 50,000 shares of CYGT (approximately 1/3 of TIM assets) and cash. Nothing else. All these other stocks I write about are just potential plays. The reason being I don't believe in diver Read more:Portfolio
Wednesdays Potential Plays 2007-11-06 20:54:28 Solar Is In Oil keeps going higher and so do the stock prices of these solar plays—plays like First Solar (Nasdaq: FSLR ) up $20 to $169, SunPower (Nasdaq: SPWR ) up $20 to $150 and Suntech Power (Nasdaq: STP) up $8 to $65. They could all keep moving higher (odds are defin Read more:Wednesdays
, Potential
, Plays
TIM: 11.06.07 Review 2007-11-06 15:56:17 TIM $12,805 ( profit of $420 on the day)Overall markets flat--a lot of bearishness in the morning turned into bullishness by the end of the day=boring. Potential plays from yesterday :VDSI, WIND, NUAN, SCON, CRDC, CROX=boooooring, no worthy plays whatsoever, still watching all of them...LULU surprisingly put in little effort to bounce, look for further weakness and I'd like to buy under$40 (
TIM's First Successful Day Trade 2007-11-06 11:20:39 Awwwwww yeah - just made a quick $170 for a nice 5% gain within a half hour. I know, I know, it's only a small amount of money, but you gotta remember that I built my wealth one trade at a time with plays exactly like this so it's a process. Even though I screwed up my entry and exit points (as usual), I only short sold 100 shares of this stock and there were plenty of share available to short, so this kind of trade bodes well for the future of TIM. Definitely gotta get my account ove Read more:Trade
, First
TIM: 11.06.07 Potential Plays 2007-11-05 22:16:37 Outside of CYGT, as much as I’d like to start putting my money to work right away, after dedicating the weekend to researching potential trades, I’ve concluded there aren’t any worthy plays right now. Monday’s action severed up a few potential plays, but nothing eye popping and as you’ll soon discover, it’s those eye poppers that are the real fortune builders. Contrary to popular belief, you don’t need to trade every day, or even Read more:Potential
, Plays
TIM: Day 1 Review 2007-11-05 19:41:46 TIM Portfolio $12,385 (-$30 on the day) DOW, Nasdaq, and S&P 500 all flat (contrary to media BS, anything less than a 2% move is flat)…you can sense some fear in the marketplace over credit worries—big-timers like Julian Robertson and Jim Rogers think economy is in big trouble—but the bears can’t seem to hold the indexes down for very long…it’s a waiting game to see how this all plays out.Market Bias: Sl
TIM: Day 1 2007-11-05 11:34:07 I was planning on doing a full write-up last night of all the potential plays this week, but apparently quite a few people mistakenly believe that TIM is actually a hedge fund and that I'm trying to promote it on this website in order to raise outside capital. Needless to say, I had to delay TIM's first useful post until tonight (I'll only recap my trades after the market close each day) Let me set the record straight: TIM's sole concern is with full transparency and te
Synaptics (Nasdaq:SYNA): Good Stuff! 2007-11-02 14:14:00 When I wrote the article Touch the Future with Synaptics
for TheStreet.com back on October 8th, I had an idea Synaptics (Nasdaq
: SYNA), a maker of touch screens/scroll wheels for electronic devices would have a solid quarter. But I greatly underestimated how
Reuters, New York Magazine Feature Articles and More Details on TIM 2007-11-02 11:09:23 Reuters came out with a sweet feature on TIM yesterday; it's a good summary of what I've done and what I'm trying to do here. Other than the fact that the reporter mistakenly said my fund earned 70% annual returns (the fund's cumulative return for 2003-2005 was 70%), and my fund collapsed (the fund's drawdown was 35% over 2 years, not quite a collapse and investors didn't ask for t Read more:Reuters
, Magazine
, Articles
, New York
, New York Magazine
An Interesting Bottom Fishing Wireless Play 2007-11-01 22:51:55 ID Systems Inc. (Nasdaq: IDSY), a $146 million provider of wireless systems for tracking business assets, at $13.13, is more than 50% off its highs and a strong earnings report last night could signal the end to their painful 2-year-long slide. I’m not buying until I see enough trading volume/ buying interest, but IDSY makes the cut to be included in the inaugural TIM watchlist. Quarterly revenues were down 20%, but t Read more:Bottom
, Fishing
, Wireless
CYGT Gets New CEO 2007-11-01 08:25:18 As nearly everyone now knows and as detailed in my book , my hedge fund's downfall came because of one position, Cygnus eTransactions Group, Inc. (Other OTC:CYGT.PK ), a provider of online ticketing solutions, a company's technology with which I fell in love with and got my heart broken. I initially put about 10% of my then $1.2 million hedge fu
'Wall Street Warriors' TV Star Timothy Sykes Sets Up New & Transparent Challenge 2007-11-01 07:14:30 What does that mean? Well, basically I'm sick and tired of people thinking I just got lucky during the bubble years and/or my promotional skills have affected my trading in any way and/or I'm full of it. Those of you who've read my book know the truth, but it's time I really show everyone what I'm capable of so I'm gonna go back to my Bar Mitzvah Gift Money roots, take $12,415, sti Read more:Street
, Warriors
, Timothy
, Sykes
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, Challenge
, Wall Street
This Fingerprint Sensor Maker Looks Promising 2007-10-31 23:57:02 Recent IPO AuthenTec (Nasdaq: AUTH), a $430 million provider of fingerprint sensors and solutions, rose strongly after reporting strong earnings on Monday night with quarterly revenues rising 84% (from $8.2 million to $15.1 million) and quarterly earnings of 3 cents vs. a loss of 7 cents last year. They also raised forward guidance slightly. When I do play an earnings mover, I never buy a stock the day after earni Read more:Sensor
, Looks
Get Ready for TIM 2007-10-31 14:32:42 Tomorrow, November 1, 2007, I will be unveiling something I've been working on for many months...I call it TIM...get ready to see what happens when Freedom on Finance becomes reality....
The PRXI Saga Part 2, Better Than The Godfather Part 2 2007-10-30 17:07:53 Premier Exhibitions (Nasdaq: PRXI), which I previously covered here (not so long ago--aka last night), released not one, but two PRs (this one and that one) this morning and got downgraded by a firm that initiated coverage with a "Buy" just two Read more:Godfather
4 Covers in 1 Day 2007-10-30 16:25:48 Now I know I'm gonna get a lot of heat for this post, but c'mon, I've made it onto 4 covers today--this isn't just about me and my book , this is about bringing trading/financial speculation mainstream--these are wins for all of traders/financial speculators/investors! YOUNG MONEY November 2007 Cover Story: Read more:Covers
Latest Interview & Book Review 2007-10-30 11:35:37 John Forman , author of an excellent trading book, The Essentials of Trading, interviewed me last night for nearly an hour, describing me as "...an engaging young man with a great story to tell - one that provides a great many lessons for those getting s
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