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Hello Charles
Congratulations on a good job
Ben
----- Original Message -----
From: "Alex Bell" <alex_bell@xxxxxxx>
To: "Charles Meyer" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, November 19, 2003 8:21 AM
Subject: Re[2]: [RT] GEN: HOLY GRAIL MANAGER
> Hello Charles,
>
> I am not an expert either. Volume numbers look big to me but who knows
> maybe I'm wrong. I think most reliable way would be to look into
> fund's statements or trade records.
>
> Best regards,
> Alex mailto:alex_bell@xxxxxxx
>
>
> Wednesday, November 19, 2003, 3:25:17 PM, you wrote:
>
> CM> Alex-
>
> CM> Please; what are you concluding from your number crunching? I worked
out that on a typical trading day his volume would
> CM> account for about 1.5% of the float; so he appears to have plenty of
liquidity. I'm wondering if these trading performance
> CM> numbers are for real. I am told they are but this is not my area of
expertise.
>
> CM> Chas
> CM> ----- Original Message -----
> CM> From: Alex Bell
> CM> To: Charles Meyer
> CM> Sent: Wednesday, November 19, 2003 6:01 AM
> CM> Subject: Re: [RT] GEN: HOLY GRAIL MANAGER
>
>
> CM> Hello Charles,
>
> CM> Lets do math:
>
> CM> 30% ytd = $30 mio a year = $150,000 a day = $30,000 on a single
trade
> CM> (assuming 5 trades a day) = 300,000 shares per trade (assuming
typical
> CM> 10 c intraday move in q's).
>
> CM> So, guy you are trying to locate is trading lots of 300,000 shares
QQQ
> CM> (equivalent of 360 contracts NQ) 3-7 times per day. Not bad.
>
> CM> Best regards,
> CM> Alex mailto:alex_bell@xxxxxxx
>
>
> CM> Wednesday, November 19, 2003, 2:34:57 PM, you wrote:
>
> CM> CM> Group-
>
> CM> CM> Any ideas about how to locate this guy? I know he's out there
but I don't have a name. Here are some program details:
>
> CM> CM> * $100mil under mgt
> CM> CM> * minimum investment $2mil
> CM> CM> * trades only QQQs
> CM> CM> * all trades are intra-day: long and short
> CM> CM> * always goes home flat
> CM> CM> * trades between 3 - 7 times per day
> CM> CM> * some days he may not trade
> CM> CM> * approximate track record over last four (4) years
>
> CM> CM> + 40%
> CM> CM> + 30%
> CM> CM> + 35%
> CM> CM> ytd: + 30%
>
> CM> CM> * maximum drawdown: (- 1.9%)
> CM> CM> =======================================
> CM> CM> And I thought trying to profit from short term market
fluctuations was random. (:-) These results do not look random nor
> CM> CM> does it look they were due to luck. Oh yes; clients can view
their accounts at the end of each day on line!
>
> CM> CM> Thoughts or comments?
>
> CM> CM> Chas
>
>
>
> CM> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
>
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>
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