Quote from Reaver:
LOL well, you had a huge part in Timmay tucking tail and running back in 07. Looks like you've still got the touch! ha ha
Quote from Spectra:
Duke it is a good question.
First the only person I know of who can potentially move a market and even he gets his ass kicked once in a while, is Lewis Borsellino. And I estimate his net worth about 14 times my own.
Yet every time he puts on a trade there are tons of traders taking the opposite side.
Put it another way.
There are a dozen morons around here who think I am a scam artist. That is good.
Look at all the insulting remarks. Let's assume that 5,000 traders think I am the worst trader in the world.
I issue a sell short alert. Shouldn't Sudso and mandrillbreath want to instantly go long?
I can give you a less humorless example of the inability of ANYONE ON EARTH able to move the markets. The US Government. Don't you think Paulson would love to be able to go in with a couple of Billion and push the Dow above 11,000 as a going away gift to George Bush?
Or just a few million to stop a 300 point slide on a given day?
I would love to believe that one day I sit in the trading room, post the charts that I am looking at, issue the "get ready to trade alert" which means I am about to issue a trade alert in the next couple of minutes.
Lets say the market is declining, down 278 points. Then my Trigger long forms (basically a reversal pattern I have programmed) and I buzz the trade.
And between 80 and 120 Puretick members put some limit and some market orders in. It would be great if Borsellino says:
"holy crap. Alex issued a buy." Yes a couple of our traders may get 3 or 4 ticks bad slippage because the world is now trying to buy. And the market rallies 130 points.
That is a dream that I fear will be a bit more illusive than my next 2 year plan---to buy my next airplane---a Citation.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641)
Quote from 377OHMS:
On a side note, everyone pretty much knows his so called"plane" is non-existent so you'll have to accept the fact that the only hole he's gonna drill is into some poor newb's account LOL.
Quote from EPrado:
Ok Spectra....let's see you lie your ass off about this one..come on man....You ducked this in my first post...according to you Borsellino STILL moves markets. He is STILL the biggest guy out there......prove me wrong and I will say you were right....come on you lying weasel....lets see what you have to say about this...
Lewis Borsellino booted by Merc
Bad-boy trader booted by Merc; fined $50 000
September 28, 2005 - BY DAVID ROEDER
The Chicago Mercantile Exchange said Tuesday it fined Lewis Borsellino, one of its most combative characters, $50,000 and ordered him to sell his membership for allegedly trying to avoid making good on several losing trades. The action means Borsellino, 48, won't be swinging his fists on the trading floors anytime soon. He was known for getting into scrapes with others in the pits and his track record at the Merc includes several minor infractions, mostly along the lines of "conduct that impairs the dignity'' of the exchange. In 1999, Borsellino published a book about his career titled The Day Trader: From the Pits to the PC. It actually contained little about day trading and more about his pugilism and the challenges he faced growing up as the son of Tony Borsellino, a reputed mob hit man who himself was assassinated.
Duked it out for prime space
The trader's tales of winning slugfests to gain coveted standing areas in the pits irritated Merc bosses, who were intent on burnishing the image of futures trading in preparation for making the exchange a public company. In its decision posted Tuesday, the Merc said Borsellino tried to avoid responsibility for several trades in 2001 and 2003 and impeded an arbitration that eventually led to restitution. In ordering him to sell his membership, the Merc barred him from reapplying for three years. Borsellino, who agreed to the findings without admitting wrongdoing, said the decision won't crimp his style much. He said he's been retired from futures trading for two years and won't come back. He now spends time developing retirement communities Downstate. Also, Borsellino is pursuing a lawsuit against Gerald Putnam, chief executive of the Chicago-based Archipelago stock exchange, which is being absorbed into the New York Stock Exchange. Borsellino accused Putnam of cheating him out of an interest in the business that became Archipelago. He's claimed that he used to account for 10 percent of daily volumes in the S&P futures pits. But that business has migrated from open-outcry pits to computers.
Borsellino admitted he's not fond of the transition.
"I don't even look at the markets anymore," he said. "I've done it for so long, I'm done. And there's no volatility.''
Asked if the penalties were the Merc's payback for past actions, Borsellino said, "I don't know what motivates the individuals in the compliance department. It is a source of revenue now and it has a big budget.''
A Merc spokesman declined to discuss the case, following the policy for disciplinary announcements. Borsellino remarked that the old Wild West-image of trading is obsolete and mused about the day when the Merc builds a display to show what open-outcry was like.
"I'm sure they'll make me a dummy in the wax museum,'' he said.
( Copyright © The Sun-Times Company www.suntimes.com )
Umm What does he say here:
"I don't even look at the markets anymore," he said. "I've done it for so long, I'm done
Not only are you a fucking lying scumbag failed trader, you dont even check your facts.
