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Biderman Responds

Tyler Durden's picture




 

The Zero Hedge audience have always been tough task masters and will hold people's feet to the fire. While markets have been a little tempestuous to say the least recently, TrimTabs' Charles Biderman comes out swinging with a spirited and honest defense of his calls - and quite frankly we still tend to agree with his bigger picture view of where this ends. From his Facebook miss to short-term fluctuations in the equity market (that now seem precipitously away from credit market reality), Biderman responds to comments here and elsewhere on both position sizing and perhaps most importantly risk management - adding (and this is where we believe he is dead right though timing the call is practically impossible) that "when the collapse happens it will happen overnight - that is why [he wants] to be short but safe at the same time."

 

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Thu, 08/09/2012 - 09:26 | 2690670 Rahm
Rahm's picture

Difidently a clown, but he beats the S&P which is better than 95% of fund managers out there.... plus holds 23% gold!

Thu, 08/09/2012 - 09:28 | 2690686 veyron
veyron's picture

At the end of http://www.youtube.com/watch?v=UUYDxnyNjMA&list=UU_FouojmbzN_jwBVkroDQBw... (a video that mysteriously didnt appear on ZH) there was a comment:

 

"All that is known is that Biderman took money from GS. It's very well possible that ZH itself is sponsored by GS.?"

 

Did ZH take money from goldman sachs?

Thu, 08/09/2012 - 09:32 | 2690706 Rahm
Rahm's picture

Vey, your posts used to be informative, now you have turned into a troll obsessed with Biderman.  Perhaps people should go back to your seeking alpha account and troll your troll account there:

http://seekingalpha.com/author/nn-securities

 

Thu, 08/09/2012 - 09:35 | 2690715 veyron
veyron's picture

This is fight club, and questions about the ownership of ZH are fair game.  If not, that makes us no better than CNBC.

Thu, 08/09/2012 - 09:40 | 2690734 Rahm
Rahm's picture

You are violating rules #1 and #2
http://www.youtube.com/watch?v=agi8PUmlAKU

Thu, 08/09/2012 - 10:04 | 2690859 Pladizow
Pladizow's picture

Someone's You Tube Comment:

"Hey Charles, why do not show your REAL track record, the model portfolio of your institutional? Liquidity Review.

Wait, it is DOWN 90% IN THE PAST 4 YEARS!!! and this does not include this year's losses, I cancelled 6 months ago. Now that you lost all credibility with institutions, you try to rip off retail investors for $250 .... PATHETIC!"

 

Any truth here?

Thu, 08/09/2012 - 11:02 | 2691121 CrazyCooter
CrazyCooter's picture

Aren't all his calls public via his letters after some time? Would just require someone going back through it all.

I don't have a horse in this race, I am just watching. :-)

Regards,

Cooter

Thu, 08/09/2012 - 09:43 | 2690740 Northeaster
Northeaster's picture

I would also add ZH does in fact have a disclaimer, but doubtful anyone reads such trivial things.

In the case of Biderman, he doesn't exactly have a great track record, but does provide great confirmation bias for the now regular readers/posters here at ZH.

The days of old, he would have been ripped apart here by people in the business.

Thu, 08/09/2012 - 09:54 | 2690805 veyron
veyron's picture

That is tantamount to Biderman saying he works for TrimTabs.  

 

I'm asking if ABC Media is owned by Goldman Sachs ...

Thu, 08/09/2012 - 10:01 | 2690839 oddjob
oddjob's picture

I'm asking if your pathetic avatar makes you feel better about yourself?

Thu, 08/09/2012 - 13:38 | 2691624 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I am asking if there is one thing that Biderman brings to Zero Hedge that is proprietary?

Other than going long FB at the IPO and going all in (by placing FB on his conviction buy list) at 31.

Thu, 08/09/2012 - 10:09 | 2690880 Northeaster
Northeaster's picture

I can't comment on ABC. However, I can comment on CBS, as my ex-managing partner is also the VP and Board Member of CBS per the Viacom split.There is also the interconnected client base, which of course I can't publish, but a who's-who of everything you see and hear.

The firm is boutique, mostly tax, for high end only and Goldman was (most likely still is) the go to "bank" for clients. How do I know? I read the client letters before we sent them out to move their money there (GS) the night Madoff was arrested.

My regret? Working corp, during the massive M&A years, instead of being honest, I should have profited off that knowledge and been retired by now. Stupid me for believing in the massive hypocrisy that this country is, just too naive back then.

Thu, 08/09/2012 - 10:13 | 2690897 Dapper Dan
Dapper Dan's picture

Zerohedge.com Whois Information Domain Name: ZEROHEDGE.COM
Registrar: EASYDNS TECHNOLOGIES, INC.
Whois Server: whois.easydns.com
Referral URL: http://www.easydns.com
Name Server: DNS1.EASYDNS.COM
Name Server: DNS2.EASYDNS.NET
Name Server: DNS3.EASYDNS.ORG
Name Server: DNS4.EASYDNS.INFO
Status: clientTransferProhibited
Status: clientUpdateProhibited
Updated Date: 02-may-2012
Creation Date: 11-jan-2009
Expiration Date: 11-jan-2017

Registrant:
ABC Media Ltd
P.O. Box 3
Sofia, Sofia 1784
BG
Domain name: ZEROHEDGE.COM
Administrative Contact:
Hristozov, Georgi
P.O. Box 3
Sofia, Sofia 1784
BG
+359 2 875 35 99
Technical Contact:
Hristozov, Georgi
P.O. Box 3
Sofia, Sofia 1784
BG
+359 2 875 35 99
Registrar of Record: easyDNS Technologies, Inc.
Record last updated on 02-May-2012.
Record expires on 11-Jan-2017.
Record created on 11-Jan-2009.
Domain servers in listed order:
DNS1.EASYDNS.COM
DNS4.EASYDNS.INFO
DNS2.EASYDNS.NET
DNS3.EASYDNS.ORG
Domain status: clientTransferProhibited
clientUpdateProhibited
You have 99 lookups left today http://www.statscrop.com/whois/zerohedge.com ZH has not provided many stories concerning GS of late, just saying.

Thu, 08/09/2012 - 10:40 | 2691022 i-dog
i-dog's picture

a) ZH does not censor any comments about GS

b) TD rips GS a new one quite frequently

c) ZH gives GS's [often contradictory] analysts plenty of rope to hang themselves

d) WB7 and other contributors here crucify GS constantly

e) The NWO will be taking all the banks down...when they are ready with a global electronic currency (that's the reason, IMO, for the increasing volume of anti-MegaBanks propaganda recently ... it's not just to divert attention away from the political ideology of the NWO)

... however:

f) Don't think for a minute that ZH is not a honeypot - whether wittingly or unwillingly.

jmo....

 

PS. Biderman sucks ... big time! jmo....

Thu, 08/09/2012 - 10:45 | 2691056 Northeaster
Northeaster's picture

http://www.goldismoney2.com/showthread.php?35173-zerohedge-s-pedigree

"If you actually trade based on information provided in a blog, zerohedge or any other, you need your head examined." -

Which is what the disclaimer basically says here on the ZH site. Which of course a cursory search will show the interconnections of that website as well.

Thu, 08/09/2012 - 16:15 | 2692107 Panafrican Funk...
Panafrican Funktron Robot's picture

"If you actually trade based on information provided in a blog, zerohedge or any other, you need your head examined."

Bolded part is important, because advice on gambling is what it is.  Someone is trying to give you advice on what horse to pick.  Period, end of story.  Let's review kids:

1.  You can't predict the future.

2.  The house always wins.

 

Thu, 08/09/2012 - 17:13 | 2692240 larz
larz's picture

1. Dont need to predict anything to trade successfully

2. The house can win always only IF YOU ALLOW IT TO

Thu, 08/09/2012 - 13:51 | 2691658 DoChenRollingBearing
DoChenRollingBearing's picture

Would ABC Media, Ltd. of Bulgaria have ANYTHING to do with ABC News / ABC / Disney here in the USA?

Or is ABC Media, Ltd. its own organization?  I think that is a fair question to ask.

Thu, 08/09/2012 - 16:24 | 2692130 Panafrican Funk...
Panafrican Funktron Robot's picture

http://gross-law.com/dalrymple.pdf

For those like DoChen that are too fucking retarded to even consider the idea of a Google search.

Thu, 08/09/2012 - 18:49 | 2692431 fuu
fuu's picture

Quite the read actually.

Thu, 08/09/2012 - 13:07 | 2691553 pd45
pd45's picture

"I'm asking if ABC Media is owned by Goldman Sachs ..."

Worse, the Bulgarian proxy is DHS honeypot. Sign off now or else..%$_&(01a

Thu, 08/09/2012 - 11:37 | 2691261 resurger
resurger's picture

Veyron,

excellent post on Biderman video.

So biderman fleeced GS by buying his own shares at "fractions" from that squid... If what he says is true (which i doubt) is a good thing.

I STILL CANT BELIEVE HE WAS BULLISH ON FB! Biderman!!!

 

Thu, 08/09/2012 - 13:40 | 2691629 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He is a carnival barker, and nothing more.

Thu, 08/09/2012 - 11:02 | 2691122 vast-dom
vast-dom's picture

FACEBOOK, CREATED BY DOUCHEBAGS FOR DOUCHEBAGS, EXCLUSIVELY.

 

NOT LIMITED TO INVESTORS BUYING THIS DOUCHEBACK FUCKBOOK.

Thu, 08/09/2012 - 09:48 | 2690761 Dr. Engali
Dr. Engali's picture

Straw man argument. Saul would be proud. The focus needs to be on his call and whether or not you agree. Nobody is right all the time when it comes to market. The question is are you more right than wrong. In this case I agree with him.

Thu, 08/09/2012 - 09:56 | 2690821 veyron
veyron's picture

I made two major calls this year: short FB (31.50) and long ARNA (2.50).  I talked about it with many people on the chat.  Both have been exceptional.

It should have been obvious that FB was a flop, and in fact others are reporting that the institutional product has been a massive money loser.  No surprise goldman sachs sold its stake in TT at a major loss ...

Thu, 08/09/2012 - 10:15 | 2690898 Dr. Engali
Dr. Engali's picture

Nice attemt at misdirection, please try to stay focused. Most of us here made the same call on the  Facebook flop ,however that is a mute point. The topic is about his overall call on the broader market. and whether or not you disagree. The rest is all background noise. 

Thu, 08/09/2012 - 10:34 | 2691006 ArrestBobRubin
ArrestBobRubin's picture

Mute? Make that a "moot" point Dr. E

Thu, 08/09/2012 - 10:43 | 2691037 Dr. Engali
Dr. Engali's picture

Thanks. Don't know what I was thinking. Listening to a compliance video and trying to post at the same time.

Thu, 08/09/2012 - 13:48 | 2691645 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Biderman sold a stake of Trim Tabs to Goldman:

http://articles.marketwatch.com/2008-02-11/news/30758616_1_trimtabs-investment-research-goldman-sachs-supply-and-demand

Then Goldman Sachs buys facebook:

http://dealbook.nytimes.com/2011/01/03/goldman-learns-you-cant-buy-friends-on-facebook/

Then Biderman starts hawking Facebook before the IPO:

http://trimtabs.com/blog/2012/05/14/bidermans-daily-edge-5142012-stocks-gold-should-rally-post-facebook-ipo/

Finance is a dirty busines, and I think Biderman's actions are louder than his words, which are pretty damn loud.

Thu, 08/09/2012 - 10:44 | 2691049 i-dog
i-dog's picture

Yeah ... and also make Biderman's newfound religion a "stating the bleeding obvious" point!

Dr. E. knows it, too.

Thu, 08/09/2012 - 09:48 | 2690773 SheepDog-One
SheepDog-One's picture

Veyron did you see I put your name in a comment on that video? lol

Thu, 08/09/2012 - 10:22 | 2690951 Tyler Durden
Tyler Durden's picture

"Did ZH take money from goldman sachs?"

Are you seriously that stupid?

If ZH took money from goldman sachs, this site would have been long shut down.

Thu, 08/09/2012 - 10:25 | 2690966 Dr. Engali
Dr. Engali's picture

He's/she is  paid troll not worthy of response.

Thu, 08/09/2012 - 10:26 | 2690968 ROCE
ROCE's picture

Absolutely true !!

But GS's Prop Desk = Biggest Client of Trim Tabs = VERY FISHY

Thu, 08/09/2012 - 10:52 | 2691082 veyron
veyron's picture

This site would not be shut down.  Rather, it would slowly temper its tone on GS, so that people wouldn't notice for a long time.

 

Maybe I'm reading too much into this, but the content was much more ... aggressive in pursuing GS back in 2009 compared to now.

Thu, 08/09/2012 - 11:07 | 2691141 Tyler Durden
Tyler Durden's picture

Back in 2009 people didn't believe that the Fed was manipulating the stock market. People didn't know what prop trading was nor that, as we exposed, Goldman was the primary abuser and beneficiary of this. People didn't know what HFT was either. People thought Europe was "fine."

What exactly is your point?

If you would like to define the editorial content of ZH, perhaps you would like to buy a stake?

Thu, 08/09/2012 - 11:44 | 2691292 veyron
veyron's picture

Actually, if you would seriously entertain such an idea, I would like to buy a stake.

Thu, 08/09/2012 - 14:10 | 2691710 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

lol

Thu, 08/09/2012 - 11:47 | 2691303 Ghordius
Ghordius's picture

I did. And it was nice to find ZH and see that I was not the only one.

Nevertheless, it's not really an argument - ZH could still be a "special ops". If not the Squid, how about a Russian KGB or better, a Bulgarian? Or funded by Chinese money? Live with it, this is the price of anonymity. Some punches are to be rolled with...

And keep up the good work ;-)      How much is a stake?

Thu, 08/09/2012 - 12:38 | 2691484 Tyler Durden
Tyler Durden's picture

More

Thu, 08/09/2012 - 16:13 | 2692096 hannah
hannah's picture

what is so funny is...even if zerohedge is a chinese spy or a ex-kgb hookie...?...who cares. what can a website do yo you...? i love conspiracy theories but some people are just beyond stupid...

 

BTW...i heard that tyler durden was the person that actually stuck the rubber tube up marilyn monroes ass and delivered a fatal dose of drugs...? i demand an answer to this serious allegation.

Fri, 08/10/2012 - 00:27 | 2693155 Neethgie
Neethgie's picture

haha the second Wall street film right?

whats your number?

"more"

Thu, 08/09/2012 - 12:02 | 2691358 ACP
ACP's picture

I would like to buy a stake also, and please post more on Biderman. The comments exchanged are always the best.

Thu, 08/09/2012 - 12:35 | 2691473 redguard
redguard's picture

Tylers' How much to bring the captcha back?

Thu, 08/09/2012 - 11:37 | 2691260 ElvisDog
ElvisDog's picture

Conspiracy-theory guys will believe anything that suits their world view. I'm sure you can convince yourself that ZH's tone towards GS has tempered. You probably also think NASA faked the moon landing or that the government has an alien spaceship at a secret base in Nevada.

Thu, 08/09/2012 - 20:59 | 2692743 HeavydutyMexica...
HeavydutyMexicanOfTheNorthernKingdom's picture

yeah, i saw tyler walk right up to lloyd b and punch him right in the face.....just for beer money.  

Thu, 08/09/2012 - 10:16 | 2690914 kliguy38
kliguy38's picture

yup..at least Bidee puts himself out there......he may be shill for the game but my guess is he's pumpin just to hang on in the BEAR of all bears........gl Bidee......when this bear is through with us.......we'll all be wishing we could eat Alpo.

Thu, 08/09/2012 - 10:17 | 2690925 TWSceptic
TWSceptic's picture

Difidently a clown

 

You win the ironic quote of the month.

Thu, 08/09/2012 - 22:14 | 2692887 jeff montanye
jeff montanye's picture

and, unlike biderman, he's not too shy to accept it.

Do NOT follow this link or you will be banned from the site!