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  • How Galleon Got (and Lost) Its Edge [View article]
    Stopping the purchase and sale of proprietary information is very tough. This topic is brought up again and again over time and simply fizzles out after the said party pays his fine and goes to jail. The fbi did a great job of taping a few phone calls for evidence, but there are hundreds of other ways inside information can pass from party to party. I agree with the comments above, but the bottom line is the stock market is the true "Wild West".--If you are a retail investor, make sure your manager is someone who understands and has access to the best managers in the system, because you do not have a chance in hell to beat hedge fund performance yourself over time, as they always find an edge. Neither do your mutual fund managers that claim to give consistent long term returns based on their Morningstar ratings(all BS, really funny 1-5stars!!).Mutual funds do not short, if they are absolute return funds that do short, they are not seasoned specialists(like a Raj for example). They also do not pay enough commissions to the Street for the best sell-side info flow, as they do not turn the portfolio over enough to compete with massive hedge fund volume trading.
    Note-the largest investors in the world invest with hedge funds because they KNOW hedge funds are manipulating the system and it makes them MONEY. Side note, dont ask Obama for help regulating, his biggest campaign donors are all hedge fund managers, the game wont change too much...
    Oct 18, 2009. 10:13 AM | Likes Like |Link to Comment
  • BofA Headed Back Below $10? [View article]
    the government has bought BAC a valuable asset....time, there will be no catalyst to bring BAC down to the single digits, unless we get a mkt correction of 15%, so you are better off covering your short and buying SPX puts....more likely the economy will creep back towards +2-3 percent, driven by a weak dollar and foreign demand for just about every good we have, including real estate...US real estate is trading at bargain basement prices and will start to heat up much sooner than most "experts" think due to the foreign bid...
    Oct 6, 2009. 08:39 AM | 3 Likes Like |Link to Comment
  • Julian Robertson: US May Face 'Armageddon' If China, Japan Don't Buy Debt [View instapost]
    maybe uncle same will buy up our own debt, o wait, we are cant beat the most effective ponzie scheme going-THE US ECONOMY
    Sep 25, 2009. 09:52 AM | Likes Like |Link to Comment