Quote from Vinny Gigante:
How many other short sellers profited from 1996-1999? None.
That's why shortboy is going to be a great money manager!
none? hmm, call me stupid, but that sounds like a far greater LIE than anything Babak or Tony ever said!
and the smart money probably wasn't selling short during 96-99 -- they were too busy making an absolute mockery of shortboy's pitiful returns by going long!
and shortboy a money manager? bahahahahaha. obviously you have no choice but to pretend that i never exposed the complete fallacy of comparing a light weight trader like shortboy to investment funds handling multi millions!
as pitiful as a 4% return in 2002 -- once again, a golden year for short selling -- it's even worse because:
1) as i already said, 42% of this return came from INTEREST
and
2) because it's ridiculous to call it a 4% return on EQUITY. see, shortboy had been trading for many years before 2002, and making profits that would take his total equity to a LOT HIGHER than $100,000.... so any REAL trader would measure the return he made in '02 on his TOTAL EQUITY. when you look at like that, 2002 was a COMPLETE WASH for shorty.
