Ah got it. You suck at reading price action therefore it must all be random.
Did I miss anything other than you know jack shit?
Stick to SIM.
So whats up with this sell off 9-20-2021
- Thread starter Rickshaw Man
- Start date
Ah got it. You suck at reading price action therefore it must all be random.
Did I miss anything other than you know jack shit?
Stick to SIM.
Stick to your squiggly lines. News has no bearing on those price movements.
So in the meantime, in between news releases, do you sit on your hands?
Price doesn't.
the statement being debated is “news is useless”
And no, because the absence of news is news in itself.
This reminds me of SAC. I knew a couple of people inside (who were there from the start, in the early 90s). And I also knew an outside manager, who had an allocation directly from Cohen, and kept in touch with him. According to him: "Dude, it was like having tomorrow's headlines TODAY, amazing".
It worked wonders for Stevie, and he did indeed make billions! Forgot what his initial capital was...
the stories… not fit for a public forum!
Hedge funds are overrated, and essentially a scam.
Steve Cohen's original firm was busted for inside trading, and his new venture basically just matches the returns of the S&P.
He charges/makes...2.85% off the top, and collects 30% of profits of client funds.
No wonder hedge fund founders get so rich...by basically conning their clients.
When you oversee 16 billion...those percentages add up to serious money.
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Well everyone and their mom is short, so... Squeeze.
Ok I understand. I used to believe news is useless and no longer do, but nonetheless you didn't answer my question.
Absence of news is absence of news.
Price moves all the time, news doesn't happen all the time.
Unless you want to be contrary (not contrarian) and say it does, just for the sake of sticking to a point that is irrational.