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mr. phillip lane:
thank you for your prompt reply to the group. you've enlightened me. i
didn't scroll down one additional page(the final page) of your
disclosure document. another error, believe it or not.
my concern now is: of the 8 months last year, 4 were up and 4 were
down--50%. but the funds under management were approximately a meager
$80,000 at yearend--who knows how much at inception when you had gains
of almost 27% and 33% in two of the months. i calculate 33% of 80,000 to
be a mere 27,000. 4 S and P contracts in one day can swing that much.
once you start dealing in a larger asset base a performance record will
become more meaningful and will either help or hurt your marketing.
until then why confuse the "newbies" to whom you represent yourself as
being a know-it-all. stop boasting after the fact--produce before the
fact--make some predicitions like i did in error. show us how good you
really are in trading and research instead of talking about it.
what i'd like to see is pete s and p broker's accts, mark brown's
results, and wintraub's results on and of the floor. also throw in
robert cummings-a self proclaimed critic and expert trader--and mr
parris(two "rs", please). let's see if these so-called experts and
patrolmen and monitors for this forum cut the mustard.they always have
the "answers", they are the critics who drown out the memebers who want
desperately to learn. they are the ones who attack contributors and
omega relentlessly. what right or purpose do uou guys serve????
this is a school session and autocrats such as yourselves are poor
instructors. contibute in a positive vein and make it worthwhile for all
participants.
Phil Lane wrote:
>
> At 09:07 AM 4/10/99 -0700, you wrote:
> >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.
> >
>
> the StockLogic track record is given on page 16 of the disc doc. Sorry if
> you can't figure it out, but it's strictly in accordance with NFA standards.
>
> Jack's CTA is totally unrelated to ours except that he's an officer in
> StockLogic Research Corporation. I think it says so somewhere in there. Per
> NFA standards we include his record in our disclosure doc. It has
> absolutely nothing to do with the Accumulator system or my trading of it.
>
> Jack is a great guy, with many years in the business. He sponsored Don and
> me for the Series 3 and otherwise helped us get started. Now he's getting
> his reward.
>
> Have a nice day!
>
> phil
> http://accumulator.home.mindspring.com/index.htm
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