Ebo, he actually went positive sometime in Dec. Quite an amazing comeback especially after others on this board said the fund was going to implode when it was down 25%. I should have known to fade ET. Take a look at Schindler Trading. I am eagerly awaiting to see how he finished in Dec. He was up 16% for the year going into Dec.
He was down 10% as of Tuesday last week according to his website. You are right though abought fading these folks. I wish it priced weekly, I would trade it like RYDEX! Monthly is a bit of a gamble unless you average in/out. Cheers!
Their website is never right for some reason. As of dec 21 or so they were up 1%. I know, my mother still gets the realtime performance numbers. She did well. She made 60% when she got out last December last year. Not bad. If Gold takes off again, the fund will fly. They are very over weight in Gold. Since I think Gold is probably going to 700 or 800 at some pt, I'm sure they will clean up. You are right though, if you avg down into their drawdowns, you can make a mint.
It always amazes me when people post editorial comments on a thread resurrected from 3 months ago that has absolutely nothing remotely related to the original topic!
Sorry Deringer, I've never had a dollar in the fund. My mother had quite a bit in there and she did very well. I believe that post was in response to all the little annoying posters on ET that start threads attacking Cramer, Quadriga, John Henry, Ed Seykota, et al. There seems to be some pattern here where little guys with 5k at IB love to attack billionaires and say their funds suck. I have to admit, it's funny at first, but after awhile it just becomes pathetic. I thought that post gave some very clear advice for those posters.
stop raining on their parade. if you continue you may get wet. just remember, i am told, they give out free umbrellas to people who visit their office.
Absolutely right. I think they have already been slapped with fines (about two years ago) for illegal marketing of themselves as a so-called hedge fund. What is more questionable in the minds of many is marketing themselves with the past performance "index" of their many funds where no one can really invest in thsisindex of the past as the products offered (a different one in each jurisdiction) is not the index, but a different product in itself. The life cycle of each product offered in only a few years, so it is impossible to judge the past returns of anything one might invest in. Nothing offered by the Supefund adheres to an standards anywhere and that is why their products are sold to the ill-informed retail market.
I guess the "rock creatures" woke up reading the BW article last week. Mav>>>Good to see you are still watching this overcooked thread simmer to it's death on a low flame. I could give a rats hiney what happens to SUPER Christian and friends, I made my dough and moved on.