A hedge fund is private investment fund or pool that trades and invests in various assets such as securities, commodities, currency, and derivatives on behalf of its clients, typically high net worth individuals and institutions. In order to invest in a hedge fund you need to meet requirements set by the Securities and Exchange Commission.
Firm: BP Capital ManagementCity: Dallas2008 Age: 792008 Assets Under Management: $5 Billion Born in 1928, Thomas Boone Pickens, Jr. is chairman of the hedge fund BP Capital Management (BP standing for Boone Pickens). His father worked as an oil and mineral land man. Pickens attended Texas A&M on a basketball scholarship but transferred to Oklahoma
Three Black Crows is a bearish reversal pattern that occurs during an uptrend. The Japanese Candlestick pattern consists of three relatively long consecutive black candlesticks which close near or below the previous days lows.
Developed by Dr. Martin Zweig, the Breadth Thrust Indicator measures market momentum. It is calculated by dividing a 10-day exponential moving average of the number of advancing issues by the number of advancing plus declining issues. When the indicator rises from below 40% to above 61.5% this reflects a thrust in the market having changed
The Meeting Lines is a two candlestick reversal pattern. The bullish Meeting Lines formation occurs during a downtrend. A long body bearish candlestick is followed by a long body bullish candlestick whose body is lower than the first candle. The closing price of the two candles are very close. The bearish Meeting Lines occurs in