Daily Options Report - Latest Comments in Investing Legends: Where Are They Now?

Re: Investing Legends: Where Are They Now?

Adam — Wed, 12 Nov 2008 07:50:40 -0000

yeah, it does work from the standpoint you can write about your great winning percentage, lol.

Re: Investing Legends: Where Are They Now?

kenny — Wed, 12 Nov 2008 01:34:27 -0000

to: AtlasIzem
i think he does not mean that martingale strategy does not work. but it works not so well. :)

Re: Investing Legends: Where Are They Now?

deltaStrike — Tue, 11 Nov 2008 13:43:36 -0000

waiting for the day when I see Lenny and "The Players Club" on Judge Judy...lmao

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 13:31:53 -0000

verbo: yeah, I do wonder how you can legally claim certain things in a financial site, Guess he already has a team of lawyers handy.

procol: I may quote you on that, it's very true, I guess we're just inured to this, a down 20 pt open in the SPX is like normal now. 63-64 VIX implies about a 4% range, and that's right where we are today. It's just like background noise now. Although i wish it was background noise the other way, lol.

Re: Investing Legends: Where Are They Now?

Procol — Tue, 11 Nov 2008 13:18:28 -0000

how can the market be so boring with a 60+ volatility.

Re: Investing Legends: Where Are They Now?

verbotenstylen — Tue, 11 Nov 2008 13:04:45 -0000

I coudln't imagine how dumb I'd feel if I was one of those subscribers, after not being able to double down for the fifth time because of the lack of capital. And doesn't he just update his trades at the end of the week or something? So on Friday, his subscribers all get this email saying that during the week he averaged down on a pick 17 times and got out at breakeven! Hahaha!...Given the nature of our legal system, I truly can't believe that this guy hasn't gotten sacked yet...I mean, his accountants and partners all sue him, it's just a matter of time before there's some class action suit from people that lost money on him...

Re: Investing Legends: Where Are They Now?

deltaStrike — Tue, 11 Nov 2008 12:25:50 -0000

lmao i never noticed that Lenny only four fingers on his right hand..rofl

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:21:54 -0000

words to live by!

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:21:42 -0000

hey, don't discount "grit" as an investing attribute!

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:21:18 -0000

all kidding aside, I bet he does have some horse sense with his actual money, and he does take his lumps when he has to.

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:20:16 -0000

clearly, that's a great trading lesson, NEVER take a loss.

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:19:24 -0000

lmao, does look that way. Pinkies are for Wimps!

Re: Investing Legends: Where Are They Now?

Adam — Tue, 11 Nov 2008 12:18:29 -0000

it does work, the key is endless capital!

But no, no one really cares. It's for entertainment purposes.

Re: Investing Legends: Where Are They Now?

GS751 — Tue, 11 Nov 2008 11:37:15 -0000

never let go of a loser...lmao

Re: Investing Legends: Where Are They Now?

KieranMac — Tue, 11 Nov 2008 11:32:24 -0000

Man, that guy had the biggest chew-inspired dip lip I've ever seen. But he sure was gritty.

Re: Investing Legends: Where Are They Now?

Procol — Tue, 11 Nov 2008 11:20:19 -0000

He's so dumb he might actually make money.,

since few are so idiotic, the market does not target this kind of strat on a global basis. It's not like all those hedgies doing brilliant things, that lost their shirts.

Re: Investing Legends: Where Are They Now?

deltaStrike — Tue, 11 Nov 2008 11:19:54 -0000

lmao kinda missed Lenny, good to know his insane strategy of adding to losers is still working out in this terrible tape, lol. I personally like the new phrase I heard this time, "I'm always hunting, bro".

remember its always good to "lower" your sell order as close to break even as you can but never below boys and girls!

Re: Investing Legends: Where Are They Now?

fred — Tue, 11 Nov 2008 11:15:05 -0000

is that guy missing a finger on his right hand....?

Re: Investing Legends: Where Are They Now?

AtlasIzem — Tue, 11 Nov 2008 11:07:08 -0000

You mean the martingale strategy doesn't work??? LOL

Re: Investing Legends: Where Are They Now?

sumsum — Tue, 11 Nov 2008 11:01:30 -0000

It's been a while since you brought up Lenny. Can't say I really even care about whether he makes money or not.