SAC"s DEMARK finally speaks!
- Thread starter marketsurfer
- Start date
Quote from EPrado:
A bit testy today huh Surf?
facts are facts.
analysts don't trade. traders trade, analysts analyse.
some people like fame, hence writing, etc. this is more a personality trait than an indictment of being a vendor.
I don't think there is another vendor type on earth with the demark pedigrees. powerful compelling reason to consider what he says.
part 2 of the interview coming soon...
Quote from marketsurfer:
facts are facts.
Yeah...the fact is Demark isnt a trader. Therefore it's rather funny seeing a guy who doesnt trade (for what reason I am not sure) "rip" on guys who actually have the balls to trade.
Guy reminds me of your boy Sykes....cant trade but loves to tell others how to.
i don't know the guy. i just know the top traders on earth listen to him--not just one but several.
if you don't find that compelling, i don't know what to say.
surf
ps. interview part 2 coming soon...
if you don't find that compelling, i don't know what to say.
surf
ps. interview part 2 coming soon...
this was a good article. It seemed to me that the point was about how money management is 50% with the system being 25%. DeMark is an interesting ______. Not really sure what he is but I like what I have read by him. Anyway the institutions and hedge funds have vast resources so they are not going to blink when he sells them his software.
If all of the heavy hitters hold this guy in such high regard, then why is he not exclusive to one of them by now? If you had very deep trading pockets and believed that his stuff had meaningful and ongoing "edge" value, then would you not try to get him to work for you and you alone? I remember reading where he boasted about charging fees of up to $100,000 for his services to some of the big guys. If he holds the "billion dollar secrets,"* then surely one of the big funds should snap him up for themselves.
* http://www.tomdemark.com/
The Hound of the Baskervilles, anyone?
* http://www.tomdemark.com/
The Hound of the Baskervilles, anyone?
snap him up? he is/was under contract by the biggest of the big. perhaps he is held in such high regard, these firms simply can't "own him". otherwise, i have no idea what you are talking about.
perhaps money is not his primary driver??
If he boasts about charging $100,000 to clients for his services, then surely one of the big funds can buy him via exclusive contract. I can't quite understand why a large firm that genuinely believed his services had significant, tangible value would want him to consult to its competitors.
Also, if you go to his web site, you will read the following:
"...These billion-dollar secrets are now available and ready to be included in your trading arsenal... Yes, these are the identical indicators to those being sold and used by an exclusive clique of market power houses at astronomical high-priced fees. These are the identical, unique indicators programmed and supported by the same remarkable team of individuals who supply similar services to the financial elite..."
http://www.tomdemark.com/
Are we to believe that the "exclusive clique of market power houses" is collectively so stupid as to allow themselves to be charged "astronomical high-priced fees," when they could just go to his web site and get his "fully presented, explained and described" DeMark Indicators at prices "to fit any trader's budget?" Really?
Really?
Oh, and he's not primarily money driven? Then, after collecting his many and "astronomical" fees from the "exclusive clique of market power houses," why does he bother to charge the rest of us great unwashed at all? Why nickel and dime the rest of us through his web site with piddly "budget" prices when he already had his big licks at the cone with the likes of Cohen, Soros and PTJ? If he's going to share with the rest of us small fry at all, then why not pro bono if money is not his principal motivation?
Make up your mind, surf.