WTG Praetorian!

[Daal]

Quote from Pa(b)st Prime:


3. The Index break has been easier to "see" than the implosion in commodity stocks. Surprising that banks are in trouble? Hardly. Surprising that ADM is 70% off it's highs? Frankly, I'm shocked.

ok nobody could have predicted xle would be cut in half in a few months but to stay long equities and commodities heading to a recession seems a bit wishful thinking. if the commodities boom will last 10 more years it can't hurt to wait a year to get in later

 

[dennismenace]

Quote from Mecro:

He focused on small names, good value, low P/E
At the end of the day, the company can be a rare gem but if there is no interest in it, it will stay illiquid and slowly sell off. When market is going up, fund inflows are up, everyone is searching for something new, hence they eventually come around to the small cap gems. But when it's funds outflows that are up, noone cares about small undiscovered gems, so who is he to sell the stock paper to?

Quite a lot of intelligent people fail to understand this. You may think you are an "investor" but come on, you buy stock paper and plan to sell stock paper to someone else. A true investor wants a true piece of the company, the price of stock paper matters little if you are able to extract true profits from the company.

Good value? You gotta be kidding!!

DO These look like good values??


International Commercial Television (ICTL: OTC BB)
Bingo.Com (BNGOF: OTC BB)
International Commercial Television (ICTL: OTC BB)
International Monetary Systems (INLM: OTC BB)


Among many other POS companies! This is pure gambling.


BINGO company??? what a moron.

 

[Mecro]

Quote from dennismenace:

Good value? You gotta be kidding!!

DO These look like good values??


International Commercial Television (ICTL: OTC BB)
Bingo.Com (BNGOF: OTC BB)
International Commercial Television (ICTL: OTC BB)
International Monetary Systems (INLM: OTC BB)


Among many other POS companies! This is pure gambling.


BINGO company??? what a moron.

Whoa!

Did not know he ended up going there. At the start he seemed to have a good method.

 

[dennismenace]

Quote from Mecro:

Whoa!

Did not know he ended up going there. At the start he seemed to have a good method.

Yes, he was a good trader at retail level. However, the fund is a disaster.
Good marketer was able to raise capital, but total loser as manager

 

[limbo]

DMenace--can u give some insight how Harris raised $? -as U say he is a "good marketer".

 

[Port1385]

If down 58% is pretty good, then you can go ahead and give them your cash. What a joke...I wouldnt give my last two cents to this guy if he gave me back such a horrendous return.

Quote from Pa(b)st Prime:

If he's only down 58% I consider that pretty good...

 

[western]

An update:

Praetorian recently shut down his institutional offshore fund after huge losses in 2008. The unique thing was since he owned so many illiquid penny stocks that he couldn't sell, he gave those shares directly to his investors. I suppose its better than getting nothing.

http://www.marketsmediaonline.com/news_details.htm?wP=1&wPI=1&cN=2837

 

[Port1385]

How can you sell any of that when they trade between 10-20k shares a day. There is no way of getting rid of the shares. They are practically worthless.

 

[Illum]

According to that link the holdings included bingo.com. And they took loses? I don't understand

 

[dozu888]

what a joker....... and I remember how he labeled himself as a hot shot