You’ll have to excuse my obstreperousness – prior to reading this article I had no idea that there were enough stupid people left after all we’ve been through to be buying into an Apple guru’s hedge fund that just trades Apple. Apple options, specifically.
Are you f%$@ing kidding me?
“Dear Limited Partner, it is with extraordinary regret that I must inform you that during this very dramatic period, the fund has sustained very heavy and largely irreversible losses… At this point, it makes very little sense for anyone to make a redemption given that the fund’s liabilities are greater than the fund’s capital balance.”
…But those lost millions — suffered largely by well-to-do investors who knew the risks they were taking — pale next to the damage done to the 700 subscribers at Bullish Cross Pro. Many of these investors have since fled the site and joined a Google group called bc-subs (for “Bullish Cross subscribers”), where they commiserate about their lost retirement funds, their ruined marriages, their thoughts of suicide. Many lost hundreds of thousands of dollars. Some lost millions.
This might be the most outrageous thing I’ve ever read. I don’t pity the “limited partners” or the newsletter subscribers at all. These are no ordinary Muppets – these are SuperMuppets.
Article here, make sure your mouth is completely empty of any and all liquids before clicking: