Neiderhoffer

[EPrado]

Quote from marketsurfer:

the "pulling a niederhoffer" or "niederhoffering" is already discussed in "education of a speculator" although in a different context.

i believe we should wait for VN to provide a statement/article of unfiltered and unhyped facts of what occured and why. It's my contention that there is much more here than meets the eye, or was discussed in the published articles.

regards,

surf

Pretty Simple

Shorted a boatload of puts.


Market got crushed.


He got crushed.



He whined about the exchange fucking him again.



Seems to be his playbook.

 

[gaj]

Quote from marketsurfer:

i believe we should wait for VN to provide a statement/article of unfiltered and unhyped facts of what occured (...)

why, we already have his word, from baron:

<i>I have corresponded with reps from Manchester Trading and Matador, including Victor Niederhoffer himself, and they all say that the speculations posted in the previous thread regarding Matador's positions and liquidations, are completely false. Furthermore, Victor said "Matador is very much viable. Has much cash and positions in excess of all requirements. And has no need to liquidate positions."</I>
http://www.elitetrader.com/vb/showthread.php?s=&threadid=102468

 

[spinoza]

Quote from JimmyJam:

Time for a new term:

Pulling a Neiderhoffer, for all you big-time gamblers who go ALL-IN when the trend is moving against your directional trade. :eek:

JJ

Maybe the term: "Pulling a Neiderhoffer" would also imply an element of denial/obfuscation after the blow-up, such as provided by marketsurfer and VN himself.

 

[marketsurfer]

are we not understanding english here??

an "unfiltered" statement from VN himself, not this hype stuff designed to sell papers/magazines.

not second hand information, he said, she said material.


got it???


surf

 

[marketsurfer]

Quote from LMeyers:

You must be joking.

Even after the passage of so many years, his victims/ investors from last time around are still waiting for a plausible explanation of his actions.

VN has returned, to his investors, multiples of what he lost this time.

it's interesting that you consider very sophisticated FOF's and other highly knowledgeable risk takers to be victims, surely your joking!

fact is, VN is a highly skilled speculator who takes risks--- risks don't always work out------ those who choose the noble fight for dominance and size don't always win--- its part of the game. my bet is VN will be back, bigger than ever!

surf

 

[spinoza]

Quote from gaj:

why, we already have his word, from baron:

<i>I have corresponded with reps from Manchester Trading and Matador, including Victor Niederhoffer himself, and they all say that the speculations posted in the previous thread regarding Matador's positions and liquidations, are completely false. Furthermore, Victor said "Matador is very much viable. Has much cash and positions in excess of all requirements. And has no need to liquidate positions."</I>
http://www.elitetrader.com/vb/showthread.php?s=&threadid=102468

Quote from marketsurfer:

are we not understanding english here??

an "unfiltered" statement from VN himself, not this hype stuff designed to sell papers/magazines.

not second hand information, he said, she said material.


got it???


surf

Furthermore, Victor said "Matador is very much viable. Has much cash and positions in excess of all requirements. And has no need to liquidate positions."

 

[nitro]

VN has returned, to his investors, multiples of what he lost this time.

it's interesting that you consider very sophisticated FOF's and other highly knowledgeable risk takers to be victims, surely your joking!

surf

I think you are 100% correct surf. The only issue is did he step outside his stated risk parameters.

If, and that is a big if since I don't know, this is the business plan that VN told his investors he would be implementing, then how can anyone complain when he blows up? So, these people were told that VN sells unhedged far OTM put-wings, and then ontop of it buys futures, they make $millions for years, and then one day he implodes?

nitro

 

[atticus]

Quote from nitro:

The only issue is did he step outside his risk parameters.

nitro

This is what makes ET so special. Risk parms? You mean what debit balance is acceptable risk?

 

[nitro]

Quote from atticus:

This is what makes ET so special. Risk parms? You mean what debit balance is acceptable risk?

But what if that is what he sold his investors?

Did they really just write him a blank check and say do whatever you want? No business plan?

nitro

 

[marketsurfer]

Quote from nitro:

I think you are 100% correct surf. The only issue is did he step outside his stated risk parameters.

If, and that is a big if since I don't know, this is the business plan that VN told his investors he would be implementing, then how can anyone complain when he blows up? So, these people were told that VN sells unhedged far OTM put-wings, and then ontop of it buys futures, they make $millions for years, and then one day he implodes?

nitro

thanks, nitro.

vn has a team of very skilled traders/managers who work with him---i don't believe this was a risk management oversight--makes no sense. its my guess that the unexpected and unfair changes in margin, when the positions were open, precipatated the situation. in addition, there is some talk of a cabal on the exchange to give unfair marks. once again, i have no facts, these are just rumours floating about.

remember, VN is paid to earn outsized returns with very very large capital base. it makes sense that there are many people who have an agenda on the other side of these trades that have won for years......

surf