Tim Sykes Review
Tim Sykes was a Philosophy major and Business minor at Tulane University when he learned he had a knack for trading stocks, particularly penny stocks. Over the past five years, he has been featured in Business Week, The New York Post, The New York Times, The Street, Reuters, Institutional Investor and seen on CNN, CNBC and Marketwatch. Sykes has since created a blog, written an autobiography and starred in a reality TV show in an attempt to help other investors make money from seemingly volatile penny stocks.
Sykes was first catapulted into the financial spotlight in 2006 when he was featured in Trader Monthly’s “Top 30 Under 30” list. What got him on the list was an atypical college experience. Instead of spending his time in the library, nose buried in a book, he took a shine to trading. By the time he was 21, he made his first $2 million by investing $12,415 of his Bar Mitzvah through trading penny stocks and started a hedge fund his senior year of college. Syke’s fund went on to be named the #1 short biased fund by Barclay for the next three years. Unfortunately, Sykes lost 35% of his fund when he switched from trading to investing.
Downtrodden over his fund taking a massive hit, Sykes has since picked up the pieces and is on the rebound. Syke’s caught a lucky break when a TV producer asked him to appear in an episode of the documentary series “Wall Street Warriors.” Sykes went on to appear in 5 of the 6 episodes. Prompted by an inability to reach out to fans and inquirers of how to adopt his trading strategies, Sykes decided to write an autobiography:An American Hedge Fund:How I Made $2 Million as a Stock Operator & Created a Hedge Fund.
Sykes continues to help investors who are curious to follow in his financial footsteps. He has produced more than 5,000 blog posts over the last four years and has provided a rough sketch of how to turn $12 thousand into $100 thousand in two years. It is no surprise then that he is ranked first over more than 50,000 traders on Covestor; moreover, almost all of the traders in the top 20% subscribe to Syke’snewsletters and have watch his PennyStocking DVDs.
In addition to offering his help to those who seek it, Sykes is on the forefront of financial activism where he discloses the names of companies, corporations and individuals involved in any “pump and dump” scams.By exposing Wall Street for what Sykes truly believes it is, he has made his fair share of enemies.
The Penny Stock Millionaire
Sykes has ruffled the feathers of what he calls “soulless penny stock promoters”; commentators from FOX News and CNBC; and Trader Monthly’s editor-in-chief Randall Lane. Even Shaquille O’Neal has sent Sykes a cease and desist letter after Sykes castigated him for being involved in a “pump and dump” scam. But Sykes takes the bad press in stride. According to his website, he is well aware his “big mouth and brutal honesty get [him] into a little trouble” in the financial arena. Now Tim Sykes is back to teach all that he knows in the Penny Stock Millionaire program.