CNBC’s Senior Testes and Estrogen Correspondent Charlie Gasparino, who just can’t get enough of this stuff, reports that SAC trader Ping Jiang probably lost 200 million last year. At one point, Ping was Stevie-boy Cohen’s second highest earner. Where did things go wrong? The obvious answer is not enough E, and not that his "top secret training program" of skin tight tube tops and miniskirts on the floor was distracting Ping from executing profitable trades. Paulson Capital can attest to this, as they posted a 52% return in 2007 after reinstating their cross-dressing/estrogen-injection regimen following a disappointing 2006. And that’s all I have to say about that.
Latest on Merrill, Citi Layoffs and SAC Capital Scandal [CNBC]
Posted by somebody , Jan 07, 2008 9:13PM
Bess, I had to stop reading dealbreaker as much because your headlines beat around so many bushes that getting to the actual story isn't worth it. That and you seem pretty infatuated with how clever you think you are.
Posted by Neighbour who doesn't use windows , Jan 07, 2008 9:22PM
Reading Bess from next door, no need to it Bess online..
Posted by , Jan 07, 2008 9:34PM
@ somebody- you're sad.
Posted by ad , Jan 07, 2008 9:36PM
Somebody- i'm not sure where you get that from bess, but seeing as though db has a readership of about 300k, seems there are a few people infatuated with how clever she is.
Posted by , Jan 07, 2008 9:39PM
aw, Somebody, you can't read dealbreaker because bess's "headlines beat around the bush too much"? do you hear yourself talking? kill yourself, you whiney little bitch.
Posted by Anal_yst , Jan 08, 2008 12:33AM
It is bess' ramblings (cleverly concocted might I add) that keep us sharp and attentive while we um, oh, uh procrastinate from doing the work we're actually supposed to be focusing on. Wait what'd i just say, that was the dumbest thing I ever heard
Posted by , Jan 08, 2008 12:39AM
what analyst is trying to say: we love bess.
Posted by Anal_yst , Jan 08, 2008 3:13AM
@ 12:39 - abso-fuckin-lutely!
I'm off to the Caribbean in a few hrs, bringing the comp/itouch but no idea what the wifi coverage is like.
I'd like to take this opportunity to thank the good lord (not Albert) for the wondrous creation that is Duty Free. Can I get an AMEN?
Posted by , Jan 08, 2008 7:57AM
you and girl have fun now okay?
Posted by Ben_H , Jan 08, 2008 8:41AM
Ping got shelled on exactly the same stuff that turned him into Caligula the year before: long Arg local linker paper and GDP warrants. Live by the sword, die by the sword!
Posted by miami , Jan 08, 2008 12:38PM
Yeah, he probably did, but he's made SAC $1bn since he's been there, and made easily more than that for Lehman before he jetted.
Posted by NSD , Jan 08, 2008 3:30PM
@Anal_yst - which island? I highly recommend Tortola.