Trader IQ: Catch Rennick in a Lie!

S

shortie

Below are two posts from the renowned trader Bill Rennick.
Could you spot a likely piece of misinformation that managed to creep in?
An observant trader should not have a problem figuring this one out.

Shortie Holmes Out :cool:

http://www.elitetrader.com/vb/showthread.php?s=&postid=995227&highlight=87#post995227
Quote from William Rennick:

I'll have the wife go up in the Attic to find a newspaper article about the incident.
Hey Doc, I guess you like the Vodka, I'm a Gin and Tonic man myself. I was down at the Rusty Nail last night and
there's a lady barkeep with a set of cans that makes you sit there and have another.
There was one of the fella's from my 87 story sitting at the bar. That poor guy is still fretting over getting wiped out that day.

...Rennick out
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1003102&highlight=Crash+87#post1003102
Quote from William Rennick:
William Rennick
Registered: Dec 2005
Posts: 2985


03-08-06 05:07 AM

...

(Here's the post you refer to, click the link below to view the LA Times article about this)


I was long everything except Nov. Pork Bellys. I was sitting in the Trading Room at West Coast securities in La Hambra, Cal. trading penny stocks, OEX options, and various stock options.
There was about 15 other traders sitting at the various Quotron machines also day trading, mostly options. Everyone except one Korean fella started buying the dip.
By the time 11:30 rolled around 4 or 5 fist fights had busted out, and everyone wanted a piece of the grinning Korean.
I reached into my lunch bag to get the sandwich my wife had made, but I just couldn't eat. I took the ripe tomato in my lunch bag and chucked it at the Korean.
It missed and hit another Trader, which started another brawl. To make a long story short I lost my keister that day.
If it weren't for the Pork Bellies I was completely wiped out. The Korean got his revenge that day for the Hat-Trick I scored over 35 years earlier at the Chosin resevoir.

...Rennick out

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No Nov. 'Bellies contracts are listed? Either that, or because he said the barkeep was a "lady!"

But cummon, catching Rennick in a lie, is about as hard as ketching Rosie O'Donnell eating a whole carton of Ben & Jerry's! :D
 
#1 Rennick is obviously older than dirt :). #2 if he is referring to the Battle of Chosin reservoir he is off by two years as it took place in Nov - Dec of 1950 and not in 1952 as would be the case if we took his recollection of being 35 years ago as being accurate. Obviously, this is minor but that that's all I could come up with in 5 minutes but I guess I can forgive him for mistaking two years as he did say "over 35 years ago"...

btw, how/why did you dig up threads that are from 2006?
 
Quote from brocklanders:

#1 Rennick is obviously older than dirt :). #2 if he is referring to the Battle of Chosin reservoir he is off by two years as it took place in Nov - Dec of 1950 and not in 1952 as would be the case if we took his recollection of being 35 years ago. Obviously, this is minor but that that's all I could come up with in 5 minutes.

btw, how/why did you dig up threads that are from 2006?
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i have been preparing for the pending market crash and decided to revisit the history
 
I would also guess about the Nov bellies contract because there are indeed no frozen belly Futures contracts for Nov delivery but there are fresh belly options and he never clarified whether he was in the futures or options. This is probably what you are referring because odds are he is referring to Frozen belly futures and not fresh belly options.

Fresh Belly Options: Two month of January, March, May, July, August, September, November and Flex Options
 
great ideas so far!

i actually had something else in mind. but my answer may not beat the pork belly contact existence answer (if it is correct)
 
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