Did Niederhoffer Lie To Baron?

He's probably puking right now with SPX all the way back up to 1525 and Nasdaq at 6 year high at 2700.

Like they say, there are old traders and bold traders - but no old bold traders.
 
Quote from Pa(b)st Prime:

Key elements: Matador has lost 93% of it's funds.
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Can you clarify:

Did the investors withdraw 93% of their money or did he have a 93% loss? I think it is the former after the big drop in Feb/March....
 
Quote from Pa(b)st Prime:

A few weeks back I started a thread based on information I received about Vic Niederhoffer blowing up his Matador Fund in the day's before August Opex. I made no claim to the accuracy of my source although it was someone with ties to Vic's operation. He had no axe to grind. Even as an alias on a message board I wouldn't ipso facto print information about someone real if I thought the charge was bogus.

The thread was a viewership success. 12,000 hits it's first day. Vic's posse, including Marketsurfer, after a dozen denials, finally admitted that Vic took a body blow. Alas the thread was deleted by Baron. In a subsequent Feedback thread Baron explained his decision.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=102468

Today I received more information. The WSJ is working on a Vic story. Key elements: Matador has lost 93% of it's funds. Vic's clearing house forced liquidation of his position. Vic was short 15,000 Mch08 1000puts. Vic is in "hiding" somewhere in NYC.

Remember this story broke on Elite Trader!
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Ouch!
 
well, someone archived the original posts, as i saw them after it was deleted.

not on archive.org or the google cache, but they took screenshots, i believe.
 
Quote from Pekelo:

Can you clarify:

Did the investors withdraw 93% of their money or did he have a 93% loss? I think it is the former after the big drop in Feb/March....
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I don't know. My language is purposely ambiguous. 93% seems outragous for a DD but then again....it's Vic we're talking about.
 
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