• westcoastinvests
    Just saw TVIX at 1.46 hard not to remember the great InquisitiveMind7 and his all in buy call at 60
    9/28/12
    Reply (22)
    • jdub2788: yeah that's hurt.
      9/28/12
    • Yo' Mamma: Ugh, Dragon Kick to the financial nutsack.
      9/28/12
    • westcoastinvests: He erased all signs of his account so the certainty ofhispredictions will only live on in our memories.
      9/28/12
    • lfpdinc: bought it at 17+ , took a .15 loss, then it went to 100+.....gawd
      9/28/12
    • Ocean Man: Inquis also paid something like 30 grand for the service that gave him that signal, which had never been wrong before.
      9/28/12
    • losbronces: Thats what stops are for...plenty of warnings about TVIX published here. Can't believe CS never did a reverse split. Letting it go to zero?
      9/28/12
    • westcoastinvests: He claimed he was getting it for free I believe and others paid thousands and he was alerting every1 he had no idea what he was doing.
      9/28/12
    • Bildar: Beware of any service, pundit, moneymanager, stocktalker, or quantitative strategy that has been 100% correct in the past.
      9/28/12
    • westcoastinvests: How about anything over say 75% even
      9/28/12
    • Bildar: That's about max for anything with quantitative entry and exit points.
      9/28/12
    • westcoastinvests: yes thats what I was suggesting
      9/28/12
    • Bildar: I have one algo that has too good a record since 1990 for comfort, but I still go with it when it triggers, which isn't often.
      9/28/12
    • Bildar: From a pm I sent to Inquisitive about his system: "you are making a mistaken assumption regarding the future performance (cont'd)
      9/28/12
    • Bildar: using historical backtesting that uses a small number of data points.You will see what I mean eventually."
      9/28/12
    • Bildar: I dislike sounding like a 'told-you-so', but I'm human and fallible. Oh well.
      9/28/12
    • Bildar: Regarding percentages: I should also say that the 'minimum targets' that I use that don't involve reversal points (cont'd)
      9/28/12
    • Bildar: have somewhat better than 75% success rates.
      9/28/12
    • westcoastinvests: that is impressive
      9/28/12
    • 1980XLS-2.0: Nobody buys it to hold it that long. If you do, you will always lose by design
      9/28/12
    • Ocean Man: Yeah, he combined an incorrect pick on market direction with the worst decaying instrument in existence.
      9/28/12
    • Ocean Man: I have a lot of sympathy for those that lost on TVIX, but Inquis used to scold people for taking gains on it.
      9/28/12
    • Bildar: You have to admit, he made his mark here. He's a young guy, a student, and smart, so I suspect he'll do well.
      9/28/12