Timothy Sykes (born 1981, Orange, CT) is an American investor, business person, and former hedge fund manager, featured in the reality television show Wall Street Warriors, and is author of the book, "An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund".
His trading strategy is to profit by buying into the hype and manipulation in low priced stocks and then short selling when the hype and manipulation fades. This dual strategy made Timothy a millionaire before his 22nd birthday--he turned $12,415 in Bar Mitzvah gift money into $1.65 million--and earned him 197% in 2008, leading him to become the top-ranked investor, out of 15,000+ on Covestor.com. He's an active trader/blogger at http://www.TimothySykes.com.
Through his investments, Sykes grew his $12,415 free handout money into $1.65 million from 1999-2002 while he was pursuing his Bachelor's Degree in Philosophy from Tulane University. He received a major in Philosophy and minor in Business from Tulane in 2003.
In early 2003, Sykes founded Cilantro Fund Management LLC, a hedge fund based in New York City. The fund was ranked number one Short Bias Hedge Fund for 2003-2006 by BCS before closing in late 2007 after losing roughly one third of its value due to an illiquid investment in Cygnus E Transactions (CYGT.PK).
In late-2007, after suffering a roughly 35% loss over two years, he closed his hedge fund and created a publishing company, BullShip Press, LLC to promote Freedom of Finance, the concept of a hedge fund manager’s right to discuss their business freely without risk of penalty or censorship. Following this thinking, Timothy also introduced TIM, short for Transparent Investment Management, with the goal of repeating his original feat of turning $12,415 given to him from wealthy friends and family, into $1.65 million, this time around detailing the step-by-step process on TimothySykes.com, becoming the first hedge fund manager to openly detail their investment strategies for all to see.
TimothySykes.com is a growing financia blogging website featuring daily commentary about Tim's trades, trading strategy, and general opinion of the financial industry. If you are lucky you can even watch this 13 year old at heart post videos of how incredibly awesome he is.
The TIM brand is growing fast, earning Tim $83,358 in December 2008. The websites growth can partially be attributed to the success of his short selling strategy in the recent bear market. According to his website, Tim claims his portfolio is up 229% since 2007
Shorting stocks is Timmys favorite, as it is more fun to make money while others are losing it, and rub it is as soon as possible afterwards.
Timothy Sykes and Bullship Press publish educational DVDs about the Pennystocking strategy. The original 6-hour-DVD-set, for better or worse, details Timothy Sykes' most valuable experiences and lessons learned. The PennyStocking DVD set costs $297.00 and is available @ timothysykes.com.
PennyStocking Part Deux builds on the original PennyStocking DVD to teach you even more penny stock chart patterns and trading strategies, now updated for recent industry regulations, intraday charts and 2007+ 2008 detailed trades. PennyStocking Part Deux costs $397.00 and is also available @ timothysykes.com.