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CORRECTION ***********************8
Mr. Lane
oops!! believe it or not, i made another mistake. paragraph 5 below
should read "YOUR" not my. are you going to attack me for another
innocent error???
mr. phillip lane,
yes i've managed funds--well over billions of dollars. yes disclosure
documents of 40 mill pools as well. advisories to the world's largest
hedge funds etc. i made money for my clients. however, and i'm totally
and utterly confused by the performance record presented in your
disclosure document.
am i interpreting something wrong? i hope so. is this possibly
coreect?? the only performance record i see does not relate to your
methods of trading but it relates to your partner's return over a period
of years for accounts he oversaw. can these figures possibly be
correct?? SEE BELOW. where is your performance trading your methods
which you are promoting. the only performance i am able to find is
presented below.
now i know why you and weintraub and others of that ilk respect one
another.you are both running on fumes-totally empty--go electic next
time.
i certainly may be misunderstood but enlighten me like you are inclined
to do with anyone who is inclined to offer this group something
constructive. straighten me out!! i'm obviously confused.
phil--guru--where's the beef? where are the emperor's clothes? does this
dog(phil) really hunt? or are you like the others merely "barking" all
day long. present the performance and explain the lack of performance.
i errantly made a "correct" forecast before it occurred but you seem to
concentrate on history and your "history" does not(to me) support
***YOUR***
perceived claims of trading brilliance or even research knpowledge.
like i said. "i hope i'm misinterpreting something" but my 30 years in
the business
says something doesn't smell right. now you prove otherwise!!i hope i am
wrong.
tom
I HOPE my interpretation of the above is incorrect and am only looking
for an explanation and performance record over the previous 3-5years.
obviously, the "newbies" on the site should be made aware of all the
facts. if i am wrong in my interpretation, i apologize.
tom
WARNING NOTE: PRIOR TEXT OF PAGES IN MR> LANE's DISCLOSURE DOCUMENT MUST
BE READ AS WELL
The following table represents the composite of trading done in accounts
(currently 8) over which Mr. Basarab has a Limited Power of Attorney.
Accounts range in size from $5,000 to $2,500,000. New accounts operated
on this Limited Power of Attorney basis are no longer accepted. Due to
the nature of infrequent trading and limited markets traded, these
accounts are very subject to contract volatility. There is no
correlation between the following capsule and the "NasBars System"
currently offered by StockLogic Research Corporation, Inc.
Table of Account Results
For Which John Basarab, III
Has Limited Power of Attorney
Annual Rate of Return (% Compounded)
1993 2430.37
1994 -89.05
1995 -101.91
1996 -83.73
1997 -14.20
1998 -89.83
Phil Lane wrote:
>
> >then this individual by the name of phil lane who likes to imply feats
> >of market greatness takes his swing
>
> I'm sorry. It's nothing personal. It's just kind of annoying to download
> the Digest first thing in the morning and read one of these talking-head
> market guru we-were-right posts. If I wanted to sicken my self I'd just
> turn on cnbc.
>
> my visit was inadevertent and if he transfers his streak of
> >stubbornness and boasfulness to the markets, the market will certainly
> >make him humble if it hasn't already by now. i actually wonder whether
> >he or the others of his ilk even trade or even have time to trade given
> >their preoccupation with empty banter and accusation.
>
> Fact is, I speculate for a living. (Do you??)
> I'm a registered CTA. (Are you?)
> I have a disclosure document. (Do you?)
> I don't predict the market. I just follow my plan and let the odds play
> out. (Do you?)
>
> Thanks for giving me the opportunity to publicize our exciting new web site!!
> http://accumulator.home.mindspring.com/index.htm
>
> >then there are the apparent "lackeys" who express the same venom as
> >their presumed heroes but are empty-headed. assuming as i said my notice
> >to this group was inadvertent, why does neil weintraub fantasize my
> >intention to incite an intraday trading rebellion within the ranks of
> >the members...HE WROTE "Tom one chapter does not make a book. The fact
> >is" staying long this market and not day trading would have the right
> >thing to do>" Remember it is called Trade Station not investment station
> >and I believe that Omega does not even trade or have a model
> >portfolio.You do the public a diservice by promoting day trading, since
> >89% lose most of their money.Further, your signals are no better than
> >flipping a coin. Sometimes they work sometimes they don't. Or as the
> >commercial says,"sometimes you feel like a nut, sometimes you don't."
> >How do you feel today?**
>
> These statements by Neal are tremendously insightful, and I have gained a
> new respect for him. Would be proud to consider him my lackey. :-)))
>
> >I WOULD NOTHING MORE THAN TO HAVE A SITE TO SHARE MY EXPERIENCE AND
> >RESEARCH WITH YOU AS I'M SURE OTHERS WOULD AS WELL.
>
> >came within 10 ticks of today’s low projection. The stocks which were
> >recommended as breakouts yesterdsay similar to LU last week—JPM, IBM,
> >etc.—all followed through today. MO and DAL fell short of their buy
> >signals by only 1 tick each. Numerous other stocks on the list such as
> >QTRN, AEE, AFFX, KEA gave signals which worked.
>
> Maybe the best thing would be to set up your own web site. I'm sure you'd
> get lots of hits - probably a lot more than my site gets!!
>
> best regards,
> from an individual by the name of phil laneX-Mozilla-Status2: 00000000
Message-ID: <370F772B.75221C54@xxxxxxxx>
Date: Sat, 10 Apr 1999 09:07:07 -0700
From: Tom DeMark <tomdemark@xxxxxxxx>
Organization: @Home Network
X-Mailer: Mozilla 4.51 [en]C-AtHome0404 (Win98; U)
X-Accept-Language: en
MIME-Version: 1.0
To: Phil Lane <accumulator@xxxxxxxxxxxxxx>, omega-list@xxxxxxxxxx
Subject: Re: don't worry, it's my last post on the topic!
References: <3.0.6.32.19990410103836.01170ec0@xxxxxxxxxxxxxxxxxx>
Content-Type: text/plain; charset=iso-8859-1
X-MIME-Autoconverted: from 8bit to quoted-printable by mx1.eskimo.com id MAA02661
mr. phillip lane,
yes i've managed funds--well over billions of dollars. yes disclosure
documents of 40 mill pools as well. advisories to the world's largest
hedge funds etc. i made money for my clients. however, and i'm totally
and utterly confused by the performance record presented in your
disclosure document.
am i interpreting something wrong? i hope so. is this possibly
coreect?? the only performance record i see does not relate to your
methods of trading but it relates to your partner's return over a period
of years for accounts he oversaw. can these figures possibly be
correct?? SEE BELOW. where is your performance trading your methods
which you are promoting. the only performance i am able to find is
presented below.
now i know why you and weintraub and others of that ilk respect one
another.you are both running on fumes-totally empty--go electic next
time.
i certainly may be misunderstood but enlighten me like you are inclined
to do with anyone who is inclined to offer this group something
constructive. straighten me out!! i'm obviously confused.
phil--guru--where's the beef? where are the emperor's clothes? does this
dog(phil) really hunt? or are you like the others merely "barking" all
day long. present the performance and explain the lack of performance.
i errantly made a "correct" forecast before it occurred but you seem to
concentrate on history and your "history" does not(to me) support my
perceived claims of trading brilliance or even research knpowledge.
like i said. "i hope i'm misinterpreting something" but my 30 years in
the business
says something doesn't smell right. now you prove otherwise!!i hope i am
wrong.
tom
I HOPE my interpretation of the above is incorrect and am only looking
for an explanation and performance record over the previous 3-5years.
obviously, the "newbies" on the site should be made aware of all the
facts. if i am wrong in my interpretation, i apologize.
tom
WARNING NOTE: PRIOR TEXT OF PAGES IN MR> LANE's DISCLOSURE DOCUMENT MUST
BE READ AS WELL
The following table represents the composite of trading done in accounts
(currently 8) over which Mr. Basarab has a Limited Power of Attorney.
Accounts range in size from $5,000 to $2,500,000. New accounts operated
on this Limited Power of Attorney basis are no longer accepted. Due to
the nature of infrequent trading and limited markets traded, these
accounts are very subject to contract volatility. There is no
correlation between the following capsule and the "NasBars System"
currently offered by StockLogic Research Corporation, Inc.
Table of Account Results
For Which John Basarab, III
Has Limited Power of Attorney
Annual Rate of Return (% Compounded)
1993 2430.37
1994 -89.05
1995 -101.91
1996 -83.73
1997 -14.20
1998 -89.83
Phil Lane wrote:
>
> >then this individual by the name of phil lane who likes to imply feats
> >of market greatness takes his swing
>
> I'm sorry. It's nothing personal. It's just kind of annoying to download
> the Digest first thing in the morning and read one of these talking-head
> market guru we-were-right posts. If I wanted to sicken my self I'd just
> turn on cnbc.
>
> my visit was inadevertent and if he transfers his streak of
> >stubbornness and boasfulness to the markets, the market will certainly
> >make him humble if it hasn't already by now. i actually wonder whether
> >he or the others of his ilk even trade or even have time to trade given
> >their preoccupation with empty banter and accusation.
>
> Fact is, I speculate for a living. (Do you??)
> I'm a registered CTA. (Are you?)
> I have a disclosure document. (Do you?)
> I don't predict the market. I just follow my plan and let the odds play
> out. (Do you?)
>
> Thanks for giving me the opportunity to publicize our exciting new web site!!
> http://accumulator.home.mindspring.com/index.htm
>
> >then there are the apparent "lackeys" who express the same venom as
> >their presumed heroes but are empty-headed. assuming as i said my notice
> >to this group was inadvertent, why does neil weintraub fantasize my
> >intention to incite an intraday trading rebellion within the ranks of
> >the members...HE WROTE "Tom one chapter does not make a book. The fact
> >is" staying long this market and not day trading would have the right
> >thing to do>" Remember it is called Trade Station not investment station
> >and I believe that Omega does not even trade or have a model
> >portfolio.You do the public a diservice by promoting day trading, since
> >89% lose most of their money.Further, your signals are no better than
> >flipping a coin. Sometimes they work sometimes they don't. Or as the
> >commercial says,"sometimes you feel like a nut, sometimes you don't."
> >How do you feel today?**
>
> These statements by Neal are tremendously insightful, and I have gained a
> new respect for him. Would be proud to consider him my lackey. :-)))
>
> >I WOULD NOTHING MORE THAN TO HAVE A SITE TO SHARE MY EXPERIENCE AND
> >RESEARCH WITH YOU AS I'M SURE OTHERS WOULD AS WELL.
>
> >came within 10 ticks of today’s low projection. The stocks which were
> >recommended as breakouts yesterdsay similar to LU last week—JPM, IBM,
> >etc.—all followed through today. MO and DAL fell short of their buy
> >signals by only 1 tick each. Numerous other stocks on the list such as
> >QTRN, AEE, AFFX, KEA gave signals which worked.
>
> Maybe the best thing would be to set up your own web site. I'm sure you'd
> get lots of hits - probably a lot more than my site gets!!
>
> best regards,
> from an individual by the name of phil lane
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