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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
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