Before I started trading, I worked in an office of lawyers, economists, accountants, and engineers. During the late '90s, discussion of the financial markets was rampant. (Much of it was 'work-oriented', to be fair, but a lot was more for fun.)
At one point, a contest was started, to settle who had the best handle on All Things Wall Street. Conditions were $100k fund, $20/trade, prices from WSJ prints of prior day's close.
I KICKED ASS. How?? Well, I put a nice little portfolio together -- well proportioned in sectors and sizes -- a thing of beauty. And promptly lost $10k-$15k. That was not fun. Two guys took the "Throw A Dart At The WSJ" route, and bought a stock just before it split -- that put them so far ahead that for the entire remainder of the 'game,' the rest of us were fighting for second.
I got second. How?? After my ridiculous, Bus.School-correct beginning (and drubbing), I kept noticing that the WSJ blurb of "Top 10 Best Performers" and "Top 10 Worst Performers" kept swapping names -- that the best performers for Tuesday were equities that I'd seen in the Worst Performers list for Monday. "Ah-HA!"
So, I shopped the Top 10 Worst Performers list every day, did 5-10 minutes of research on each, looking for those who were likely to Dead Cat Bounce, bought 'em, and sold 'em within 48 hours. Some 0.00%s, some -10%s, but vast majority were +25%-+50%. Kicked ass.
I've not looked at any of Soes' trades, but I wonder if his are not unlike what I did on paper:
"Detritus Fund" (after The Dreyfus Fund)
"Neptune's Own" (After Newman's Own)
"Scatophagus Fund" (cuz, hey, there's always a meal around)
There were some others.
But this is where I put Soes' trade posts. I haven't looked into the feasibility for years. Not so much a *cash* thing as a *time* thing. It was great fun, though. I wonder if it still occurs. Maybe call it Mortuus Cattus? Dunno.