Breakouts, breakdowns, float outstanding and setups – all need to know concepts in the world of day-trading penny stocks. Tim Sykes helps us to better understand how these can be used and how he has made millions with these techniques.
Consumer Confidence is up – but spending down. What is going on with that?
Plus – getting ready for a big week of economic news and the potential for April to be a volatile month.
Timothy Sykes, the author of the book, An American Hedge Fund is our guest. 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 a unique award in that it is awarded to an deserving Tulane student, faculty, or alumni.
After the first round of making more than a million dollars from $12,415 – he did it again and made over $4 million that time.
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Stocks symbols discussed: (HTGM), (DRYS), (SINO)