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PureBytes Links
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They are not listed as a member of NFA nor do I see any mention of their
fund being offered only by the Prospectus- - red flags to me.
Regards, Jack.
----- Original Message -----
From: "MT" <mtzianos@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Saturday, March 19, 2005 1:39 PM
Subject: Anyone familiar with www.sptrader.com ?
> Notice: This is a case of "if it looks too good to be true"... but
> anyway
>
> This outfit apparently offers managed accounts and hedge-fund "units"
> (european fund legislation is a bit different from the US one) and
> reports unreal results:
>
> http://www.sptrader.com/summary-perf-yr-5-1/index.html
>
> It says it has $160m AUM. Has a 5yr real time track record with real
> money and 14-month record (since Dec-2003) trading OPM.
>
> Apparently they're use TS and trade the ES with profit factor of >3 (!!)
>
> Yet, NO MENTIONING of AUDITING info by an independant party. No
> disclaimer about "hypothetical results" (as when a vendor publishes
> backtested results)
>
> And the description of their "trading system" seems very odd (1-3day
> swing trade signals based among others on relationship between CL and ES
> ?!?!?)
>
> http://www.sptrader.com/trading-system-7/index.html
>
> If it's a scam, I'm suprised that regulators haven't caught with this
> yet.
>
>
>
> --
>
>
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