Let's add outright liar to the list: Baron Administrator Registered: Apr 1999 Posts: 1519 08-26-07 05:25 PM I have corresponded with reps from Manchester Trading and Matador, including Victor Niederhoffer himself, and they all say that the speculations posted in the previous thread regarding Matador's positions and liquidations, are completely false. Furthermore, Victor said "Matador is very much viable. Has much cash and positions in excess of all requirements. And has no need to liquidate positions." That's why the thread was deleted. Protecting his investors? Bull shit. All he had to say was "No Comment". How can a liar be an "honorable man"...
<i>"Don't sell index puts at 10 vol. The CME raised haircut once during the drop. Nitro and Steve will now regale us with the entirety of Vic's elaborate hedging strategy."</i> No elaborate hedging strategy existed there to be regaled. Risk, how moronic can someone be to keep shorting puts with VIX readings bottomed out near 10+ year lows? That's like dropping five rounds in my Ruger Redhawk .357 to play Russian roulette with. The same outcome in either case is inevitable, sooner than later.
First off, You guys seem to wallow in the story over VIC. Second, none and I repeat NONE of you have every made the amount of money VIC has or have traded the markets in the fashion he has. He comes up with is "own" ideas and applies them to the markets. Most of you, I should say, ALL OF YOU are followers, very few have the intellect to create. Finally, VIC is not "Hidding" anywere. He is in communication with his SPEC LIST team every day. Rummors fly period. Draw downs happen to everyone. But those who come back, are few and far between. I'am I defending VIC? No, if he had a draw down it was because of Risk/Reward inbalance or he may have witness the odds diffrent. So be it. However to attack him? To call him names? To claim he is not a trader, a wash out? That is such BULLSHIT! 99.9 % of you idiots do not trade and the ones that do, your trading 5k on leverage. Now who are the fools? Surf and I happen to know VIC and he gives more than he receives. He is willing to help those who listen. He has never asked for any respect and he poors his heart out to press and foe. Regardless of what TRAILOR TRASH post, regardless of what most of you idiots post, VIC is still a respected trader. It is one thing to discuss what went wrong, if it did. I is intellgent conversation to figuer if and where VIC went wrong in caculations. Now, such a discourse I would agree with.
WALLSTREET QUOTE? Get real. I do not comment on things that I have "No" controll over. I also do not gossip on this shit hole site with fools like you. I am a member of the SPEC LIST and what I read and discuss stay's on the list. It makes no diffrence of what I know and do not know. "THIS IS YOUR WAKE UP CALL".... Now fuck off