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Steve Cohen went to cash last week (at the bottom)
- Thread starter stock777
- Start date
Quote from chipmunk:
how does he do it then?
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Cohen's group consistently made 85% gross annual compound
I've answered this a thousand times.
Why do you think hedge funds are getting subpoenas? WHY do people get subpoenas.?
ok no it all. Sorry I asked....geez.
still I could ask what for? Insider info?
I was going to say there no way he can get those returns without some kind of "super hedge" I mean there's no way anyone can get those kind of retuturns on the size using T.A. and the fundmamentals we all know about is there?
Super trader........do me a favour... Gordon Geko was a super trader as well LOL
Did S.C trade stocks only? If so how amny pos
still I could ask what for? Insider info?
I was going to say there no way he can get those returns without some kind of "super hedge" I mean there's no way anyone can get those kind of retuturns on the size using T.A. and the fundmamentals we all know about is there?
Super trader........do me a favour... Gordon Geko was a super trader as well LOL
Did S.C trade stocks only? If so how amny pos
Quote from whodareswinston:
Oh yes he's rubbish that Steve Cohen - man doesn't have a clue what to do. Just look at a segment of his Wikipedia below:
Wall Street fame
In March 2005, the New York Times referred to Cohen as "A New Prince of Wall Street" [4]. In 2006 Cohen granted a rare interview to the Wall Street Journal; the article's title referred to him as "the hedge fund king" [5].
[edit] Wealth
With a fortune estimated by Forbes at $8 billion, Cohen is the 36th richest American[6]. His $15 million house is 31,000 square feet (2,900 m2) and sits on 14 acres in Greenwich, Connecticut.[7] His 2005 compensation was reportedly $1 billion,[7] considerably higher than his 2004 compensation ($450 million) [8], 2001 compensation ($428 million)[2], and 2003 compensation ($350 million) [9]. In addition, Cohen owns 7% of search engine Baidu [10].
You see? Rubbish. $15m house? Pah - we've all got those Stevie boy!
Well done OP for spotting Cohen is a fake - one trusts your ability to spot opportunities in the market is equally impressive.
You mug.
I doubt the size of his house is what he is most proud of why do you think these guys collect art to show off?
Quote from chipmunk:
how does he do it then?
----------------------------------------------------------------------------
Cohen's group consistently made 85% gross annual compound
He day trades stocks and the emini in big size.
He has an army of portfolio managers and analysts who trade their own accounts funded with his money but really exist to run ideas past him so he can cherry pick the best, and publicly berate the worst.
He uses technical analysis, fundamental research and the news to come up with trading ideas and unlike many of us who trade too much he is very good at picking out the real gems when it comes to ideas and setups.
SAC has tons of money, pays tons of commissions and has access to everything you can think of, but they do it legally. Given their size they know they are a target so they make sure that the records are meticulous and everyone is in compliance.
He does all of this but the bread and butter in his daily trading account is stock and emini day trades. All the other stuff is basically because they have too much cash to day trade anymore.
Quote from JCVR:
He day trades stocks and the emini in big size.
He has an army of portfolio managers and analysts who trade their own accounts funded with his money but really exist to run ideas past him so he can cherry pick the best, and publicly berate the worst.
He uses technical analysis, fundamental research and the news to come up with trading ideas and unlike many of us who trade too much he is very good at picking out the real gems when it comes to ideas and setups.
SAC has tons of money, pays tons of commissions and has access to everything you can think of, but they do it legally. Given their size they know they are a target so they make sure that the records are meticulous and everyone is in compliance.
He does all of this but the bread and butter in his daily trading account is stock and emini day trades. All the other stuff is basically because they have too much cash to day trade anymore.
who does SAC brokers with?GS?