It was for real, but today we had to close down, because of unexpected market reversals. Everyone under the sun had expected the continued fallout, but not us. Our team of market technicians had been predicting a big rally Friday and Monday, and they've been wrong so many times in the past that we thought they might finally be right this time. The rationale was that a coin can't come up heads every time, for years and years. But they were wrong, once again. They missed the bull market, and they missed the bear market. They packed up and left about an hour ago, shortly after the open. One has already been hired by a major brokerage firm. I just saw him on CNBC.
Our technicians used a sophisticated computerized trading system based on chaos theory, but they managed to take chaos to such extremes that the trades spun out of control. The office was in such a state that they couldn't even reach the off button on the computers to staunch the steady flow of funds. We lost what remained of our venture capital (including $47.65 in coins from the coffee fund) in one regrettable trade this morning, despite repeated pleas to our brokerage that they show a little mercy and cancel the trade. (We claimed, truthfully, that no one had hit the "Execute" button. Of course, it was the computer that made the lousy trade, but we didn't go into detailed explanations. Why should we be held responsible for the unpredictable workings of an old Tandy computer with absolutely no grasp of chaos theory?*)
Until such time as we can recoup our losses, the service will be out of business. Subscribers are pounding on the front door now, and we've got to make a break for it out the back door. It's a nasty business. We'll set up shop in another city soon, and let you know.
*We're calling Radio Shack now, hoping to get a refund for the 18-year-old computer. If they agree, we'll press them on trading losses, too. We'll keep all subscribers notified.
EDIT: We're making progress. The Radio Shack guy has expressed an interest in our market-timing system. |
