Even the pros blow up

Discussion in 'Professional Trading' started by Halal Burger, Mar 16, 2010.

  1. LOL! LMHO! Hilarious! How can people be so gullible? It's extraordinary ... can a fool and his money be so easily parted?
     
    #31     Mar 17, 2010
  2. zdreg

    zdreg

    what is not about marketing/perception?
    did obama get elected on his record?
     
    #32     Mar 17, 2010
  3. zdreg

    zdreg

    hiliarious.
    The good news is that whilst our NAV is obviously
    impacted to the low side by this, the Fund continues
    to do business as usual. The liquidity position
    of the Fund is strong with in excess of USD 40 million
    in cash and since the remaining physical book
    is very profitable going forward, we view the future
    with confidence (this confidence is being justified
    by our March month-to-date result which is
    showing a plus of more than +10 pct at the time of
    writing).
    _________________
    sell to whom?

    http://www.opalesque.com/Commodities_Briefing/?p=105624
     
    #33     Mar 17, 2010
  4. guys this is not as bad as it seems:

    "The monumental losses are certainly new for Ebullio, which debuted in 2008 with US$4 million. The firm soared 92% its first year and returned another 29% last year, before giving it all back and more over the last two months."

    http://www.finalternatives.com/node/11790
     
    #35     Mar 17, 2010
  5. I think making 90% doesn't offset the loss they had with the 90%+ loss. The 90%+ loss actually wiped out the initial capitial if you do the math right.

    It is as bad as it seems.
     
    #36     Mar 17, 2010
  6. kxvid

    kxvid

    Blowup? I'd consider -25% trading futures to be a blowup. Losing -95% is actually hard to do trading futures due to margin calls. Once your basis goes below you maintenance margin you get liquidated unless you post collateral. These guys were doing something seriously wrong and it had nothing to do with "being dealt a bad hand". Perhaps they were long a bunch of puts that expired worthless, or short base metal calls.
     
    #37     Mar 17, 2010