Timothy Sykes - Stock Trader, Author, Entrepreneur

Timothy Sykes is a former hedge fund manager, star of the TV show 'Wall Street Warriors' and author of the book, 'An American Hedge Fund'

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JPMorgan (JPM) To Buy Bear Stearns (BSC) For $10 Per Share!

Tags: BSC, JPM
24 Mar 5:05am
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JPMorgan (JPM) in talks to quintuple the buyout price of Bear Stearns (BSC) from $2 to $10/share. Read the Marketwatch article HERE. Basically to shut up angry shareholders–including one very angry billionaire. I’m sure there’ll be updates…

Remember how I said how everyone had an opinion on BSC the other day–shorts said “$2 is guaranteed by theFed”, longs said “no way this deal gets priced so low” and thanks to all the opinions BSC was priced somewhere in the middle @$6…now at $10, turns out the longs, the less popular opinion, were right, you should know what I’m gonna say next:

TIM Lesson: There’s NO way to gets the odds in your favor so never never never play mainstream Wall Street guessing games

UPDATE: I know I posted JP Stearns new logo HERE before, but now I’m getting word it’s being redone to the pic below:

bscnewlogo

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About

timothysykes

Timothy Sykes, author of the book, An American Hedge Fund, was born in Orange, Connecticut in 1981. He studied Philosophy and Business at Tulane University while turning his $12,415 Bar Mitzvah Gift money into a fully audited pre-tax sum of $1.65 million from 1999 to 2002 before founding his hedge fund, Cilantro Fund Management, LLC in 2003. He went on to graduate with a B.A. in Philosophy from Tulane in 2003. He is also the benefactor of a Tulane University Scholarship, The Timothy Sykes Day Trading Award for the Talented that is awarded annually to any deserving Tulane student, faculty, or alumni. In 2006, Timothy’s hedge fund was ranked the #1 Short-Bias Fund by Barclays for 2003-2006 and he was named to Trader Monthly’s 2006 ‘Top 30 under 30', a list recognizing the top 30 investment professionals under the age of 30.

After suffering a roughly 35% loss over two years, on October 1, 2007, Timothy 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. On November 1, 2007, Timothy unveiled TIM, short for Transparent Investment Management, announcing his intention to repeat his original feat of turning $12,415 into $1.65 million. This time around, Timothy would detail the step-by-step process on TimothySykes.com, becoming the first hedge fund manager to detail their strategies for all to see.

He recently debuted as a keynote speaker alongside industry legends Steve Nison and Larry McMillan and starred in the television documentary, Wall Street Warriors on MOJO. He now writes for AOL Finance and has been featured on Reuters, CNN, CNBC, FOX News, FOX Biusiness Network, Businessweek, Marketwatch, MSN Money, Yahoo! Finance, TheStreet.com, Forbes.com, Hedgefund.net, Hedgeco.net, Institutional Investor, Page Six, WallStrip, Gawker, Dealbreaker, Salon.com, The Los Angeles Times, The New York Post, The New York Times, The New York Times Magazine, The New York Observer, Trader Monthly, Dealbook, Alternative Universe and Absolute Return Magazine.