Victor Niederhoffer--- Rare Silver Auction Catalog

[taowave]

Quote from Pa(b)st Prime:

Get a clue. Can't you fathom how moronic you sound to those of us who are even quasi professionals? Vic was a FUCKING PUT SELLER!!!!! You act as if this guy was a trader/speculator/quant/value investor/matinee idol. He only sold puts. A CHIMP could manage a fund like Vic does. No analysis based on musical waves, no "Wiz" at the risk controls, nothing about quiet or no shoes-just SELLING PUTS. Real high brow stuff.

He was a scumbag promoter/adulterer who's been taken out time and time again by minor moves. This guy just blew out his last chance on a 12% correction.

Fraud, unsophisticated investors, returns predicated upon blind, over leveraged put selling, ZERO cred among anyone with a whiff of sophistication. Just like you in fact. Go sell a piece of Paul Jones. Enrich yourself $100 at a time.

Thank you Pabst.I didnt have the heart to break Surfs heart,but he is truly clueless when it comes to the most basic concepts of option trading let alone derivative trading.

Its a fact that Vice sells as much short dated gamma in the 85-95% spot range in such ridiculous size that its clear the guy thinks he is infallable or secretly has a death wish.Either way,he should not be trading

I guarantee that not ONE of his investors is fully aware of how the Harvard Brainchild actually trades,as there is not one person with an IQ over 50 who would commit capital to an egotistical maniac who sells short dated gamma and uses prayer as a method of hedging...

 

[marketsurfer]

Quote from taowave:

Surf,as the ex head trader of equity derivatives and emerging market derivatives at two major investment banks,I am confident I have a "reasonably" good understanding of the so called pressure Vice is under.

As for retail guys,I am not Vics personal cabana boy hocking his personal belongings on the internet...

no disrespect meant, as im certain you are a true pro at what you do, however you worked for the bank---didn't run your own show--- there is a difference......

im not hocking anyone's items on the internet other than my own at times.

surf

 

[marketsurfer]

Quote from Pa(b)st Prime:



Fraud, unsophisticated investors, returns predicated upon blind, over leveraged put selling, ZERO cred among anyone with a whiff of sophistication.

no doubt pabst your connected and generally know what you are talking about. however, to call the monsterous FOF's invested in VN's operations unsophisticated is pure idiocracy. i don't care what you think of VN, but, seriously, man, how can you you say this kind of stuff? what's the agenda??

surf

 

[taowave]

Quote from marketsurfer:

furthermore, i hope you are not suggesting that investors in funds like VN's are ignorant. some of these entities are the most sophisticated in the financial world, they know exactly what they are buying--to suggest otherwise is foolhardy.

surf

Surf,allow me to let you in on a secret which is apparantly only a secret to you..The investors do not know that Vice sells the short dated 85-95 percent of spot options as big as humanly possible to generate the returns he does.

You show me where he openly discloses selling short dated gamma in massive size with no offsetting gamma trades of any kind.

Wake up Surf

 

[Pa(b)st Prime]

Quote from marketsurfer:

no doubt pabst your connected and generally know what you are talking about. however, to call the monsterous FOF's invested in VN's operations unsophisticated is pure idiocracy. i don't care what you think of VN, but, seriously, man, how can you you say this kind of stuff? what's the agenda??

surf

What makes you think the FOF is on the up and up?

 

[marketsurfer]

Quote from taowave:

Thank you Pabst.I didnt have the heart to break Surfs heart,but he is truly clueless when it comes to the most basic concepts of option trading let alone derivative trading.

Its a fact that Vice sells as much short dated gamma in the 85-95% spot range in such ridiculous size that its clear the guy thinks he is infallable or secretly has a death wish.Either way,he should not be trading

I guarantee that not ONE of his investors is fully aware of how the Harvard Brainchild actually trades,as there is not one person with an IQ over 50 who would commit capital to an egotistical maniac who sells short dated gamma and uses prayer as a method of hedging...

break away, man, seriously. i know the sophisitication level of some of the capital that was with VN--- these aint ma and pa. the due dillegence these guys do is sick--- only thing i can deduce is they knew what they were doing and wanted to take this particular risk.

like i said to pabst, i don't care what you think of VN and acknowledge some serious errors MAY have been made, I have no idea-( i don't work for VN or know anything direct about his operation)-i'm jus trying to present a potential otherside--- but to say the investors are unsophisticated is pure folly.

surf

 

[marketsurfer]

Quote from taowave:

Surf,allow me to let you in on a secret which is apparently only a secret to you..The investors do not know that Vice sells the short dated 85-95 percent of spot options as big as humanly possible to generate the returns he does.

You show me where he openly discloses selling short dated gamma in massive size with no offsetting gamma trades of any kind.

Wake up Surf

i don't know for sure, your right. however, knowing the level of the investors, and the due diligence process that is normally done, i truly doubt they would be lacking in understanding of these simple facts---if, in fact, this is the case.

regards,

surf

 

[marketsurfer]

Quote from Pa(b)st Prime:

What makes you think the FOF is on the up and up?

now your getting into conspiracy theorys?!

seriously, man, i have nothing to say to this.

surf

 

[atticus]

Quote from marketsurfer:

break away, man, seriously. i know the sophisitication level of some of the capital that was with VN--- these aint ma and pa. the due dillegence these guys do is sick--- only thing i can deduce is they knew what they were doing and wanted to take this particular risk.

like i said to pabst, i don't care what you think of VN and acknowledge some serious errors MAY have been made, I have no idea-( i don't work for VN or know anything direct about his operation)-i'm jus trying to present a potential otherside--- but to say the investors are unsophisticated is pure folly.

surf

Some, like my brother, were invested in BOTH debacles.

 

[Thunderdog]

Quote from marketsurfer:

...there is really nothing more i can say, other than, baring very likely forces out of his control this time, yeah, he pushed things too far in an effort to maintain top ranking and high returns for his investors with an excessive AUM. do you know what a "high water mark" is? do you understand the risk needed to be taken each successive year to beat the high water mark with a rapidly growing AUM? do you understand the pressure to maintain a certain percentage gains...

That's a lot of fancy talk. Let's "big-picture" it for a moment. I am zero-connected in the trading world. But to use household names, I'm guessing that guys like PTJ and Cohen have "slightly" larger "AUMs" (in the multiples) and yet somehow manage to perform very well without stepping from one landmine to the next. How do you figure?