Victor Niederhoffer--- Rare Silver Auction Catalog

[marketsurfer]

Quote from taowave:

T-Dog,I am afraid not.As you can see there is alot of finger pointing at those nasty evil folks over at the CME who waited for the right time to bump up the margin on the Barefoot Wonder.

i have not been keyed into the option business for several years and am far from an expert---however, it seems that 3 margin requirement increases in the given time frame were the most in history---no one is suggestion the margins were increased to "get VN--- however this rapid increase was one of the unforseeable factors converging that may have played a role on that fateful day....

surf

 

[Wayne Gibbous]

Quote from marketsurfer:


...so what is that you are saying, VN made up stuff and fooled even the most hard nosed traders of hedgefunds? if so, that is seriously mistaken, not in character for the man...

surf

cheats on his wife...

lies to Baron...

not in character?

can lying to and cheating investors be so hard to believe?

 

[Pekelo]

Quote from taowave:

why would anyone who considers themselves a speculator opt to sell 15,000 puts as opposed to simply buying 300 futures??

Because of time. Being short of puts the timedecay is your friend. Being long of futures the cost of carry is your enemy. The market can go 3 ways; up, down and sideways, when you sell options 2 of them are winners for you.

For Surf, nice guys lie too. I happen to know a decent guy who keeps lying about his futures rollover in his Journal.

As a said, nice guys lie too. Happens all the time....

 

[taowave]

Quote from Pekelo:

Because of time. Being short of puts the timedecay is your friend. Being long of futures the cost of carry is your enemy. The market can go 3 ways; up, down and sideways, when you sell options 2 of them are winners for you.

For Surf, nice guys lie too. I happen to know a decent guy who keeps lying about his futures rollover in his Journal.

As a said, nice guys lie too. Happens all the time....

Pekelo,you know much better than that..You dont sell a 65% of spot with 1.5 years till expiration for time decay.Thats absurd.

 

[marketsurfer]

remember, you guys are not just talking about VN who has far more experience, education, resources and capital than most here--- you are talking about his entire team of highly skilled market experts---- it's bizare to me that you would take the word of anonymous internet poseurs as to what happened and why as gospel truth.

surf

 

[Icarus5]

Quote from marketsurfer:

remember, you guys are not just talking about VN who has far more experience, education, resources and capital than most here--- you are talking about his entire team of highly skilled market experts---- it's bizare to me that you would take the word of anonymous internet poseurs as to what happened and why as gospel truth.

surf

LOL, you guys should all have a drink and chill.

It is that season after all.

I

 

[taowave]

Quote from marketsurfer:

remember, you guys are not just talking about VN who has far more experience, education, resources and capital than most here--- you are talking about his entire team of highly skilled market experts---- it's bizare to me that you would take the word of anonymous internet poseurs as to what happened and why as gospel truth.

surf

Surf,I am only interested in this as I have often wondered how some of these funds acheive the type of returns they do without blowing up.I like to look at things in a non leveraged universe,just to compare apples to apples.

This little give and take has been enlightening,and unfortunately we do not know if Vic was really short 15,000 puts.From listening to you,it would not be suprising as you stated Vic's insatiable appetite to be number 1.

Thanks for not gong postal on me

Best Wishes

Tao

 

[atticus]

Quote from marketsurfer:

It's bizarre to me that you would take the word of anonymous internet poseurs as to what happened and why as gospel truth.

surf

You flat-out refuted [sans proof] Pabst's assertions regarding Vic's most recent troubles and you were dead-wrong. What does that make you?

 

[der_kommissar]

YOUNG MAN
That's a Los Angeles Chamber of
Commerce Business Achiever award,
which is given--not necessarily given
every year! Given only when there's
a worthy, somebody especially--

DUDE
Hey, is this him with Nancy?

YOUNG MAN
That is indeed Mr. Lebowski with the
first lady, yes, taken when--

DUDE
Lebowski on the right?

YOUNG MAN
Of course, Mr. Lebowski on the right,
Mrs. Reagan on the left, taken when--

DUDE
He's handicapped, huh?

YOUNG MAN
Mr. Lebowski is disabled, yes. And
this picture was taken when Mrs.
Reagan was first lady of the nation,
yes, yes? Not of California.

DUDE
Far out.

YOUNG MAN
And in fact he met privately with
the President, though unfortunately
there wasn't time for a photo
opportunity.

DUDE
Nancy's pretty good.

YOUNG MAN
Wonderful woman. We were very--

DUDE
Are these.

YOUNG MAN
These are Mr. Lebowski's children,
so to speak--

DUDE
Different mothers, huh?

YOUNG MAN
No, they--

DUDE
I guess he's pretty, uh, racially
pretty cool--

YOUNG MAN
They're not his, heh-heh, they're
not literally his children; they're
the Little Lebowski Urban Achievers,
inner-city children of promise but
without the--


http://www.script-o-rama.com/movie_scripts/b/big-lebowski-script-screenplay.html

 

[marketsurfer]

Quote from taowave:

Surf,I am only interested in this as I have often wondered how some of these funds acheive the type of returns they do without blowing up.I like to look at things in a non leveraged universe,just to compare apples to apples.

This little give and take has been enlightening,and unfortunately we do not know if Vic was really short 15,000 puts.From listening to you,it would not be suprising as you stated Vic's insatiable appetite to be number 1.

Thanks for not gong postal on me

Best Wishes

Tao

thanks, tao. i don't know VN's positions for certain, just trying to present another side to all this viterole and schadenfreude.

thought you might get a kick out of this old tag of mine: