Crazy day

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By admin • Jan 22nd, 2008 • Category: Devrim, ForexMx, HVB, K-3, Mcelhaney, SPCM, Sentiment, Seymour

In the markets - 75 point emergency fed rate cut? Don’t know what happened for most of the managers today, we’ll find out on the runs tomorrow. The guys I can look ahead are Devrim who took off some of his positions at PFG for a loser - was glad to see that actually - shows he won’t just hold and hold and hold until it comes back, he’s willing to admit he’s wrong, sign of a good trader. Sentiment shellacked, ouch, may pull out soon. HVB down. K-3 was up huge, really huge, yesterday, we’ll see what transpired today with them. Interested to see how Seymour did today, as well as the rest.

Got a new group out of Britain, daytraders with relatively low leverage, interested to learn more about them, had a call with them scheduled for today, backed off to tomorrow.

Spoke with ForexMx today, good to talk to him. I was impressed. Sounds like he knows his stuff. His record speaks for itself, though it is short. Up 100% the last six months of 2007, up well 30% in Jan, he got hurt today though I’m not sure how much. Getting SPCM ready to go soon, very excited about them, institutional quality, money is pouring into their program. Algorithmic hurt yesterday, off over 20% from allocating less than a month ago. Mcelhannon need to speak with, left me a msg the other day and some long emails explaining the big drawdowns and telling about new or other programs, we’ll see what he has to say.

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