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Heh.... Most of the guys I work with intraday are BRILLIANT. MUCH MUCH smarter than me. My only skill is taking a few dozen opinions, and maybe 50 more from various columnists I respect and trying to look for material that makes sense and fits within my world view (formulated from the same...

Supposedly there's a lot of bullishness. I can not find a single person who is bullish. I have asked a lot of people. This worries me. Who are the bulls out there? I have a large SMH put position on now.

Scares me that you are all negative right after I loaded up on SMH puts (June 25's and 27.5's). Now I am not so certain, but I think that was the top today.

Thank-you bungrider. I appreciate it. I owe this site a lot, and I try to give back in any way I can.

Closed... lol. It just started this year. I am definately taking in new capital (though it has some notariety to be the smallest fund out there).

I agree, my fund traded at about 20-30% of its normal risk level from the last week of jan until the first week of april. This meant that quite often the fund was over half cash. I didn't make that much during that period (I think it was like 25% gain only), but I didn't have many drawdowns when...

I honestly doubt that Aaron will or should close his fund based on an internet message board. I know that he has put his life into the fund. This is obviously a difficult period for the fund (and probably for him). Managing money for others makes it so much more stressful and difficult. (Much...

Buy the bonds if you want. DO NOT BUY THE COMMON!!! The common will be worthless.

I intend to eventually. Right now, every cent I have is invested in my fund or tied up in collateral with the bank to support a loan to keep the fund expenses going. Once I get more investors and some performance fees, I think I will do a website. I talked with a few guys and the going rates...

I think I can read your lips, not sure.... Breakout?

I don't know, but 35% of my fund is long gold stocks, and we're up 20% on each position since the beginning of april when we put em on. Paas (Fleck is a director) is also strong. I think that the move is a bit extended now, but any pullback is buyable. This will be a continuing trend that plays...

TKO- Thanx for the link. Very interesting. They have a minimum of 10,000 in base coverage which costs 200. That seems reasonable. I live in the Ghetto (all of New Orleans is). I am surprised I have not been robbed yet. If I do get robbed, they have about 30k in computer stuff to take. Seems like...

I wouldn't do it justice. I would say that most likely, this article is worth the price of a subscription. Others of course can weigh in. It is typical Fleckisms, but they are all tied together perfectly.

I have never been one to post about individual articles that all of us need to subscribe to read, but I have to say that Bill Fleckenstein's speech in today's realmoney.com is probably the best work of financial literature that I have read all year (excluding Buffett's annual of course). I...

I tell my partners what my accountant tells me I made. We use time waited- rate of return. You can also use NAV.

I think this is the point, some years you can do much more/less. It is not that hard to hit about 10% a month daytrading. This works out somewhere in the neighborhood of 100-200% a year. Key is low drawdowns.

Kass is reporting it too.

I would but that is my graduation week from college. Next year when I have much better results, I will use it for marketing.

I particularly like the interviews. They interview a number of truly great traders there. And also the not so great like myself. I believe that there are quite a few regulars on these boards who have been interviewed there including (please add to my list if I miss you): Myself (Harris...

Amen brother. I am about 20% net short now (most short I have been in recent memory). IBM will meet the number this quarter, revenue will be weak, and they'll guide lower for the rest of the year. That should start the panic. I would recommend piling into the financials, autos, consumer durables...