Wall Street Warriors Season 1 Episode 2 "Closing the Deal"
As Sandra works on closing a $500 million deal, a looming deadline may throw a wrench in her plans. We meet Tim Sykes, a 25-year-old boy genius who’s running a Hedge Fund out of his New York apartment. Meanwhile, a city-wide bomb threat has shaken the markets and Fund Manager Guy tries to get in synch with the downturn - where he can make or lose millions in seconds. On the trading floor, Specialist Bob executes orders and shows how the curb exchange got it’s start in the 19th century.
The Portfolio Manager
The Deal Maker
Wall Street takes the brightest people and smashes them into the pavement on a regular basis.
There’s only one bottom line on Wall Street and that bottom line is how much money you make.
This is like being in a fox hole all day long with your enemies. I’ve seen many people come close to blows over a transaction.
TIM SKYES (Start-Up Hedge Fund):
Greed is ugly. Make as much money as you can so that you can get out of there before it turns you to the dark side.
Wall Street is all about greed. The worst of human emotions. It’s not a good place to be but it’s great to try and make some money. You know, that’s capitalism. I started my own hedge fund senior year in college in March 2003. I work out of my apartment. I commute from my bedroom to my living room. I can do this pretty much from anywhere I have an internet connection. Back in 1999, the stock market was going pretty crazy. I was in high school. My parents gave me $13,000 of my bar mitzvah money put into a discount online brokerage and I turned that $13,000 into a fully audited pre-taxable $1.65 million. Boom. It all happened freshman year in college. I pretty much made a million dollars in 5 months. You little bitch. I’m waking up in my dorm room and up $20 grand in bed. It almost wasn’t real like a video game. That was sweet.
RICH BLAKE (Senior Editor, “Trader Monthly”):
Tim Sykes is a trader I’ve been reading about over the years and I’ve had my eye on him. Two lane sophmore/junior launched a hedge fund out of his dorm room and all I know about his trading style, his pedigree and his smarts. You watch him, he’ll have $20-$30 million under management soon.
I’m 25 and I’m looking for respect because I haven’t gotten any even though I’ve been doing this for 8 years. People still don’t take me seriously. That’s fine. I plan on doing this another 50 years. 9:29 – the market is about to open. There it is. It’s 9:30.
Tim has been trying to find investors, but at 25 it’s been difficult
BOB NUNN (AMEX Specialist):
You know it’s sort of unusual market sold off about 50 points no good reason. The stocks have been under pressure starting to climb on the buy side.
It’s 4900 shares of ATS.
The markets going haywire. This is all of the buyers and sellers. Everyone’s just panicking and shitting in their pants right now. It’s going to be a crazy day.
You bought 4800 shares of (BLEEP).
I’m Bob Nunn. I’m a specialist and managing director of floor operations for Cohen Specialists on the floor of the American Stock Exchange.
2700 shares of Power and Trades sold? Another 1500 shares take ?
We’ll certainly put our best effort. Mike Konoff and I are monitoring 12 different securities. Right now it’s off uh about 12% on the day with some news this morning.
The markets are down right now because of the plot discovered to uh bomb the Holland tunnel.
FBI reports possible plot to bomb Holland Tunnel
GUY DeChimay (Hedge Fund Manager):
The markets are not happy. The markets are not happy at all. There’s a lot of things to be worried about. It’s not a time to run in and buy the dip at the moment. You don’t want to let one mistake to undo everything you’ve just done for months so we’ll be playing it close to the best and very conservatively.