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Diary Of A Phony Hedgeye Manager

CalibratedConfidence's picture




 
**UPDATE** Keith decided sue @CramersShirt (whose Twitter can be followed for disclosure on the topic) for a second time:


I had heard of these guys but I never paid much attention to them.  One of the major issues I have with a minority of Ivy Leaguers is their sense of entitlement and their personas that radiates the "my shit doesn't stink like yours does" attitude.  Not even close to all Ivy league guys are like that but if I shared the same alma mater, I would do what is possible to distance myself from people like the one you're about to read about.

To be honest, I'm getting tired of these guys and aside from my snarky Twitter commentary, this may be the last time I write about this group of fraudsters non-trading investment research professionals (who find time to tweet all damn day), unless they shut down.  I never engaged Chief Keif either, I was brought into this when I became of a target of Hedgeye's "Twitter Trend Attachment" process...this is where they find out what topic is "hot" and seek to inject themselves into.  For a recent example, see their attempts to converse intelligently on market micro-structure.  

After we finished the material for Wall Street Code and VPRO began making it public and promoting the film, Keith decided to come at me as part of FraudEyeGuy's Hedgeye's "Twitter Trend Attachment" process #Process.  Then, as usual and without any evidence, Hedgeye started to hurl libelous claims at me regarding basement living and some other generic shit these geriatrics spew in effort to get their next dopamine hit before the depression hits when they go home to that AARP application they've been procrastinating to fill out.  So that's how I became involved in the shrewed marketing #process that is perpetrated by these Connecticut fraud eye hedgers, eye goobers, whatever the hell their name is (Ice Edge, Research Edge, Hedgeye...it's all a charade).

What I really want to highlight is how this tight group of Yale chooches blatantly lie in a effort to enrich themselves through subscription sales, which actually makes them a fraud.  Let's go back to the beginning though.

Hedgeye took a Connecticut loan that was part of broader cash disbursement from the CT government to local businesses.  The terms of the deal stated that of the $2.5 million Stinkeye received (at 2%), half would be forgiven if they hired 120 people (Page 20, last two paragraphs).  What kind of people were hired to reach the goal?  Make-up artists and cartoonists, that's the kind.  No traders were brought on board...they don't trade but one wouldn't know that when the CEO Tweets misleading and fraudulent comments such as these:

Also, this one:

The "booked gains" tweet that came from the firm's official Twitter handle:

These are heavily misleading comments.  Especially when you consider this:  we're all real traders, either individually or with a firm.  No one in my circle would ever pay for someone else's trade idea.  So I'm going to assume those that would pay for someone elses trade ideas is either new to the game or just a tourist.  These are people who are easily mislead by Keith's comments mostly because they don't have the resources we have to do research.  Point and case, do Mom and Pops have Morningstar to look up AUMs and receive reports like this?:


How does one book gains when in their very CT complaint against Pirone (see below, number 3) they label themselves as "providing investment research and advice".  I'm confused here.  Confused like most people who come across Hedgeye on Twitter and on their website.  Keith behaves in a very misleading way...probably because he realized no one gives a shit where you went to school.

Hedgeye is using the United States Government for personal and corporate enrichment.  Here's Frau McCullough serving a blogger with a lawsuit...further tying up US judicial resources (what kind of tough guy can't handle a little virtual portfolio analysis?)...what a Princess this Twitter thuggin', mis-representing, non-trading research mooch is.

It's shocking, appalling, and offensive how Hedgeye behaves.  They could just as easily stop implying they trade.  If they stuck with the research firm angle (something Keith won't do because after his 1 year stint at a fund that closed down while he was employed, he realized how pathetic his "attribution" values are) they wouldn't be getting heat from industry professionals willing to look out for the "little guys", not so we can rob them of $29.95 per month but because we make enough money we can do this on an "integrity" claim. 

Now we have these guys preparing for what will be an investigation into their operation as they continue with the lawsuit.  Here's one example:

And let's not forget these statements publicaly made on Twitter that conflict with Hedgeye's claims in the court document:

#STUDY:
 

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Mon, 04/14/2014 - 11:09 | 4656876 TN Jed
TN Jed's picture

Maybe you have a point here but I couldn't get past the juxtaposition of you blaming them for "libelous...and generic shit" when in the same sentence you do much of the same.  If someone called me a basment dweller I don't think calling them geriatrics followed by "generic shit" is a strong rebuttal.

"Then, as usual and without any evidence, Hedgeye started to hurl libelous claims at me regarding basement living and some other generic shit these geriatrics spew in effort to get their next dopamine hit before the depression hits when they go home to that AARP application they've been procrastinating to fill out."

Mon, 04/14/2014 - 10:09 | 4656615 Iam_Silverman
Iam_Silverman's picture

From the article above:

" If they stuck with the research firm angel"

Just picture a naked, cherubic Cramer hovering over your shoulder and whispering trading advice to you as you fire up your morning Bloomberg screens.....

Mon, 04/14/2014 - 10:03 | 4656598 BeetleBailey
BeetleBailey's picture

FUCK the fools who TwitterTwat their trading "triumphs" ...and pity the stupid fuckers that heed them.

Mon, 04/14/2014 - 09:14 | 4656452 Ban KKiller
Ban KKiller's picture

I'm thinking Connecticut is home to all the fraudsters and Banksters. If I ever visit I think I will wear my "socialism first, kill the Banksters!" T shirt. With my open carry too. Or my "nuke Greenwich" shirt. Another reason to distrust those east coast prep boys. 

Mon, 04/14/2014 - 09:59 | 4656585 shovelhead
shovelhead's picture

Only low capacity nukes allowed in Conn. now.

Mon, 04/14/2014 - 02:25 | 4655984 lasvegaspersona
lasvegaspersona's picture

So has there been a meaningful tweet yet?...Not yet huh?

Mon, 04/14/2014 - 00:48 | 4655890 maskone909
maskone909's picture

Good stuff keep up the great work. Loved that vpro doc btw

Sun, 04/13/2014 - 21:33 | 4655488 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

its like selling trading systems for forex except you dont need to pay some sketchy guy to code it up for you so you can sell it..just tweet to your users!!

Sun, 04/13/2014 - 21:08 | 4655420 OptionsHedge
OptionsHedge's picture

Dumber than a door knob. If you base your aarticle on a sarc against Gartman by Hedgeye you are sucking  and breathing farts.

Mon, 04/14/2014 - 10:11 | 4656620 Iam_Silverman
Iam_Silverman's picture

Someone a bit touchy this morning?  Is "OptionsHedge" the ZeroHedge screen name for HedgEye?

Sun, 04/13/2014 - 18:39 | 4655075 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Mccoolah fits in nicely w/ Hyman Minksy's stage of Ponzi finance.

Timestamped baby.

Sun, 04/13/2014 - 17:58 | 4655003 illyia
illyia's picture

A++ for writing style, content natch. I am liking this whole thing you've got going, cc.

Very edgy and artistic. Kill 'em.

Sun, 04/13/2014 - 15:52 | 4654660 Downtoolong
Downtoolong's picture

The terms of the deal stated that of the $2.5 million Stinkeye received (at 2%), half would be forgiven if they hired 120 people.

It all starts with shit like this. Government trying to stimulate legitimate business with freebies virtually guarantees (literally and figuratively in this case) that it won't happen. Look at all the Section 8 housing fraud over the years.

P.S. I bet that isn't even Keith McCullough's real picture. He probably looks like a Nigerian or Gary Busey on a bender. 

Sun, 04/13/2014 - 18:13 | 4655037 sodbuster
sodbuster's picture

I'm really curious to know what Gary Busey looks like, when NOT on a bender!

Sun, 04/13/2014 - 15:38 | 4654613 CDSMonkey
CDSMonkey's picture

How can they do all this without a license of any type?

Sun, 04/13/2014 - 15:53 | 4654667 CalibratedConfidence
CalibratedConfidence's picture

they are registered.... Hedgeye ADV from Tylers Scribd http://www.scribd.com/doc/165900450/Hedgeye-Risk-Management-ADV

Sun, 04/13/2014 - 22:06 | 4655565 jeff montanye
jeff montanye's picture

i hope you have found an active fraud to attack.  good for you.  really.  but...

homoeratica: typos in gay porn?  those whose sex objects shift unpredictably between the same and the opposite sex?  

"the one's" "their persona's" yet "someone elses"?  if you can't believe the spellcheck, you need a copy editor, especially when you write a line about what you would do if you went to yale.

 

 

Sun, 04/13/2014 - 14:46 | 4654483 mickeyman
mickeyman's picture

Where did you get the picture of my work station?

Sun, 04/13/2014 - 14:51 | 4654498 CalibratedConfidence
CalibratedConfidence's picture

can't tell you, you'll have to #Study my #Process

Mon, 04/14/2014 - 09:55 | 4656575 mickeyman
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