Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

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Larry Williams Celebrates a Profitable Bond Trade

10/04/04
Larry Williams celebrates a profitable bond trade:

The entry did not come from Sequential but from a pattern I trade... to me Sequential is just part of the warning, as was the increase in open interest with a decline in commercial buying, telling us weak hands were coming into the marketplace.

USZ4 Mon 9/27 113-26
USZ4 Tue 9/28 113-16
USZ4 Wed 9/29 112-20
USZ4 Thr 9/30 112-07
USZ4 Fri 10/ 1 111-15
 

10/04/04
Robert Mahan writes:

Vic,

If your site is dedicated to ballyhoo deflation, then why does Larry Williams' ballyhoo appear on it -- unchallenged? If Larry Williams' ballyhoo is not ballyhoo then at least let him convince us otherwise.

10/04/04
Mr E replies:

i happen to like larry and respect his intelligence and insights greatly and even more so his willingness to expose himself to be wrong.. no simple matter to someone who is successful

he does it with real money, his own, just like vic and i and others who manage money, and he is NOT some pretender who only use words or almanacs and flails away at any opinion that seeks the truth from ruthless accountability to reality...

he is a student of history as the price of markets are the actual personification of what people think, what they were propagandized about, and what they will be tricked about in the future...

price is the best place to discover the eventual truth...he knows that and so do most pros

10/04/04
Victor Niederhoffer adds:

I note a certain tension relative to the Senator's systems. As Horatio Bunce said about Davy Crockett, I believe you will find the Senator a well meaning and honest man and that he will do the job that he says he will do. By a no means chance coincidence the Senator himself has distributed tens of thousands of the great article "Not Yours to Give" by Davy Crockett.

However, in the spirit of uplifting, I must point out that I am highly experienced with trades that hold until there is a profit. Such are not really good for statistical study, and are more a matter of faith.