Excellent article on Jim Simmons

[Maverick74]

For those of you who don't read Bloomberg magazine (which you should), here is a great lengthy piece on Jim Simmons.

http://www.bloomberg.com/news/marketsmag/mm_0108_story1.html

 

[Chevy_Chase]

Thanks Maverick.

Excellent article.

 

[chud]

MIT's Lo says that a fund firm could look at such data and identify a large sell order for, say, $15 a share when a stock was trading at $15.05. The fund could short the stock at $15.01 and benefit if the stock hit the $15 trigger. "There's going to be tremendous downward pressure on the stock," Lo says.

What?

 

[psytrade]

Isn't that just a basic running stops strategy?

 

[ForexPro]

I'd be interested if anyone uses the 3 strategies in this article, and/or profits from them?

 

[One]

Thanks for posting.

 

[indahook]

Think more like RenTec running algos that decrypt iceberg orders in dark pools..etc..etc


Like beating the house when the house dont know you are there...

 

[psytrade]

I've heard it called volatility pumping before. But it was always in reference to Cover's universal portfolio - never in terms of creating volatility to knock out others positions and to facilitate new positions for the fund.