Stock Pick Site:

Originally posted by Aero5
Out of curiosity, have you used the momentumstockplays.com service, and if so, would you mind offering me your opinion. I understand if you refrain and offer my apologies if the question is out of line. I'm not sure if you are familiar with it or not. As I said before, I'm a struggling daytrader trying to find a different angle.

Again, thank you for your intelligent responses and I look forward to following your posts.

Aero5
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No sorry, I don't know anything about them. I'd say GeeTO69 (and his close friends/relatives <joke>) probably know more about chatrooms than most of us :)
 
Is shortboy.com actually making these trades? I couldn't find anything on their site that says so. Did I just miss it? Usually things would be a little clearer and exact trades would include the commissions, fees, etc. rather than just have simple prices.


The only thing mentioning anything hypothetical is in their 'university' where it mentions a hypothetical shortbuy fund. But, I think they just mean that if they had a fund these would be your results.

As Tony mentioned, I wonder why they would be trading a smaller and smaller account? When, in theory, the account should be growing.
 
Originally posted by GeeTO69
I will take your remark as a compliment because I know you meant it that way.

:*)
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I definitely did. You are the chatroom Man. Okay maybe Rock can give you some competition there :)

Edit: When I launch my chatroom, you will be the first to know, I promise :)
 
Originally posted by TonyOz
The following attachment shows shortboy's claim to trade 100K account and beat the index. The numbers I have posted before show beyond a reasonable doubt that he had an open position greater than 217K
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I have not followed this debate very closely in the past (Babak, inclusion of interest, calculation of returns etc.) and just spent a few seconds only on shortboy's site. I notice

(1) a profit of $7,540 on March 12, 2001
(2) no mention of when the positions were opened

Since the 3 trades concerned were all winners, couldn't it be possible that there exists a fortuitous combination of opening days which, together with the $7,540, do not violate the 2:1 margin requirements for a $100,000 account?
 
Originally posted by tom_p

I have not followed this debate closely in the past (Babak, inclusion of interest, calculation of returns etc.) and just spent a few seconds only on shortboy's site. I notice

(1) a profit of $7,540 on March 12, 2001
(2) no mention of when the positions were opened

Since the 3 trades concerned were all winners, couldn't it be possible that there exists a fortuitous combination of opening days which, together with the $7,540, do not violate the 2:1 margin requirements for a $100,000 account?
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It would still violate it. I already checked into that too :) 217.15>215.08 and 5900 > 2% drawdown per one position. They just performed poorly and changed the starting number after the fact. And the risk of having more than the entire equity (103K) in one position when they claim "low risk" I don't think so. Someone really messed-up there.

Edit: And there may have been more open positions at the same time that we do not know about. Cuz all we know is closing date.

I can't find any charts on EPG, but according to the charts and prices, it looks like CI and PGR shorts were open at the same time as DGX which he covered on 3/12. So it is possible that he had another 46K short at the same time.

And besides, these are "RHETORICAL" returns. Not actual trades audited by professionals. This reaches a new level of snake-oil
 
Tony I would be honored to be your first new member. Now that would be one hell of a chatroom!

PS You should be nice to me, I got both your books (and I PAID full price for them) :-D
 
Nice work Tony, now that you are done with Shortboy could you get to work on Enron and while you are at it could you tell me what is going on with the books at IBM.
 
Originally posted by Sam Contari
Tony,

A portfolio that has quality returns such as Shortboy's, that outperforms 99% of ALL portfolios, and then add that his trading strategy is VERY LOW risk (he hasn't has 1 single day in almost 3 years where he's lost 2% in a day!! and you add it all up, and you have a winning trader who can sleep at night (low risk). And that's about the best type of portfolio anyone (including you), would want.

I rest my case.

Most respectfully, Sam
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Note the words low risk! 103% of equity in one stock is low risk according to Sam. He can sleep at night having more than his entire equity short in one stock. Please don't insult our intelligence!

With this last statement, this case is closed as far as I'm concerned. It was a pleasure interacting with you, but it's just not worth my time anymore.

Tony
 
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