It's one thing to get screwed... but he got what he signed up for which is a whole new level of stupid
Yeah. This is the material out of which a hershey trader is made ... most definitely! Edit: Oh well, you can't protect the stupid ... not even from themselves!
Updated list of Hershey defenders and apologists: suma66 -- multialias stalker and liar who was banned under the nic supermandel666 for posting gay porn while trying to smear the B-Team vienna -- naive ingratiator, hypocrite and world class idiot who claims he lost $80,000 with John Carter eight -- racist deadbeat who spews venom and posts advice on how to be a "better" deadbeat the general -- plagiarist, trading ignoramus and wannabe R. Raskolnikov -- aka R.Ratshit, a failed Hershey trader and sycophant who desperately tries to silence the B-Team with lame psychobabble
What a GOOD DOG you are suma66!!! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2448689>
Back to our regularly scheduled broadcast... Jack churns out kooky, unsupported claims like this: I do reach my goal of 3x H-L in ES as a practice. http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447 But in reality he LOST 24% in a trading contest and unsuccessfully tried to obfuscate his way out of it on Usenet: http://groups.google.com/group/misc...a927db8ba840?hl=en&lnk=st&q=hershey+loses+24# He also tried to BS his way out of yet more of his sinking stock picks that lost $22,000: http://groups.google.com/group/misc...d/thread/981513b3a003f259/2db2e88d1407af42?hl In Oct 06 Jack told his former IBD Group that he would turn $10 thousand into $1 million in 100 days and post updates on ET. IT DIDN"T HAPPEN. http://www.mediafire.com/?1gi2qygm3yh No surprise, because if you backtest his model of the price, volume relationship by buying the "0 to 7 turn" described in "Tomorrow's Paper Today" and sell 5 days later with 1000 stocks over 5 years you'll get an equity curve like this: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2014607> Which looks eerily like the equity curve you get when you test his "rocket" methodology: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1112121> Kind of what you'd expect from someone who thinks stochastics is a leading indicator: http://www.elitetrader.com/vb/showthread.php?s=&postid=1302778&#post1302778 Of course Jack and his followers try to blame the failure of his "methods" on the backtester, so listen to Jack brag about this trade in his own words: http://www.mediafire.com/?0ielxnmeiro <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2023032> Jack claims ScottD is still working on Cashcow... even though ScottD's last post on ET was in March, 2009 and in it he said that Cashcow 1.2, which had been certified by Jack, was not consistently profitable. I've asked ScottD for an update here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060 Here's another Jack Hershey success story: http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=2009 Some unfortunate newbies who get sucked in by Jack's pied piper routine start out ingratiating and actually believe Jack is giving away the "keys to the kingdom." But this one eventually came to his own conclusion that Jack is "nuts": http://www.elitetrader.com/vb/showthread.php?s=&postid=1940582#post1940582 How far down this path do you want to go?
LOL, Nobody really cares about what suma66 and his Merry Band of Losers have to say anymore. Instead of trash-talking with us, he should be checking in on his friend Vienna ... looks to me like he's just about done! P.S. Anybody got a fork?