Some day I hope every trader at Elite becomes one of Stevies elites. I hope my 4k , is worth 40k and i get a used porsche so the hos will c me in it. innit.
Frankly, everything that has been said about Cohen implies he cheats - even if is not illegal. He obtains a window in which to act, one that is denied most everyone else, who can't grease the wheels like he can. He is a piranha, just like everyone else in the market, taking nips at the the money flowing by. He has a school of piranhas working for him and he gets the call before the dumb cow wades into the water. We on the other hand, have to wait to see the ripples on water. While all you guys lionize him, he is picking your pocket . He's a scumbag in my book and I would like to tear his fucking head off and piss down his fucking throat.
I am expecting Don to say that he was recently on the SAC floor and that sure steve gives gets info but that in each of this traders teams one trader acts as a "surrogate specialist" and one guy gets all the info on the stock and the sector rotation and other traders wives who are amazon analysts. By the way I would have also asked why the cannonization but I think trading was easier when lots of insiders left footprints so I would like to see more information front runners.
Misery loves company and it is really so sad. Stay focused on the positive and encourage others to success and you can't loose. This forum can be our most powerful ally as a trader but we need to know all the facts not just opinions. Thats what we should be sharing in here.
FWIW from someone who knows someone, SAC makes most (percentage wise) of the firm profits from it's models. As always on Wall Street, when the info hits it old news so the ASSUMPTION SAC still front runs MAY (wink,wink) be what worked extremely well yesterday. SAC is progressive, like all hedgies that are still alive today guerrilla trading.