Jim Simons Trashes Trend Following

What is he doing now? Define his action please.

 

Enjoying profits from his well-placed contrarian bet.

 

You gotta be kidding me, he is riding a contrarian bet, so that's what you call riding a trend nowadays.

 

Looks like AMD is working for him too,... 2.04 +0.09 +4.36%

 

Like it or not, he is now exploiting a downtrend in SHAK that both of you say is impossible to do. Ironic or what?

 

I guess it depends on how you define up/ down trend, over/ under bought/ sold, etc... SHAK is still above 30 RSI... In any case, Drivers™ were in for a big gain long before any trend change.

 

Well, let's not forget that initially it was a loss, when PD was early.

Secondly, you can call a wheel whatever you like, it's still a wheel. His entry was countertrend, but real benefit comes from riding a trend, he is not riding a countertrend, his entry was based on countering uptrend, now he is exploiting a downtrend. Or are you suggesting that SHAK is still in an uptrend?

 

No, I'm suggesting you're -- after the fact -- saying SHAK was a sell because it's in a downtrend. But do you see it continuing lower NOW? It's 41.63 last print... PD™ called the big move before the fact.

 

Ok, few days ago you posted sell into SHAK bounce, was that an invitation into a practical impossibility to join a trend?