Emily Lambert

Emily Lambert, Forbes Staff

I write about money and markets.

Personal Finance
|
9/27/2011 @ 8:35AM |169,332 views

Trader Or Prankster? We Called Alessio Rastani And Asked

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FORBES: What’s the tick size in the Dow?

AR: It’s .25 each tick. For the S&Ps…. well, for the S&P we’re talking about $12.50, each tick. The Dow Jones futures, each tick will cost $5. That’s why I do the Dow Jones futures.

FORBES: Who are your favorite traders?

AR: Well, here’s the deal. If I was going to mention somebody, it probably would be…. If I mention somebody, I’m giving free publicity to them, right?…. I would say, man… let’s see… I’ve quite liked what I read about…. basically I remember reading a long time ago about Linda Raschke in America. At the moment, Guy Cohen. He’s a trader in the U.K. what I like about Guy Cohen is he’s a very conservative trader.

FORBES: Do you work from an office or home?

AR: I work from home. Just going to go back earlier about Dow Jones and S&P, it was $5 per contract, $5 a tick for the Dow each contract. And the S&Ps, each tick is $12.50.

FORBES: Where do you live?

AR: In south London.

FORBES: What do you think of the attention you’ve received since going on TV?

AR: I think it’s overblown. I have no idea why I’m getting this attention. I don’t think it was news. For someone to say what I said, I thought everybody already knew this kind of stuff. The big players of funds rule the world, I don’t think that was news. And what I said about making money from a crash, obviously not everybody knows about that, you can make money from a downward market. A lot of people just got the wrong end of the foot, misunderstood what I was saying. They thought I was joyful or licking my lips about the idea of making money from people’s miseries. That’s probably the way it looked on the video. But if they watch the whole video, what I was really trying to say is people need to educate themselves about how to do that… what I was trying to say was, look, everyone should basically prepare. I was trying to be the good guy. If this market’s going to crash, then you’ve got to prepare yourself. You’ve got to basically learn how to make money from this. Otherwise you’ll be like I did 10 years ago … I made some huge mistakes 10 years ago, during the dotcom crash. I realized it was a falling knife. I was trying to say look guys, it’s not just for traders, it’s for everyone. They should ask me how to do it, I will help you.

FORBES: Are you saying trading is easy?

AR: No, absolutely not. Trading is not easy at all. What I’m saying is people should educate themselves. People shouldn’t really gamble on the markets.

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  • Mark Hughes Mark Hughes, Contributor 13 hours ago

    I’m not sure this trader-guy is the same guy from Yes Men in the Dow Chemical video. Here, look at this clip of the Yes Men guy, the same guy who was in the Dow Chemical hoax interview:

    http://www.youtube.com/watch?v=GhrpSW_pnck

    Here he is in a video about the Dow Chemical hoax:

    http://www.youtube.com/watch?v=LiWlvBro9eI

    Here are some photos of him:
    http://www.google.com/search?q=%22Andy+Bichlbaum%22&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&hl=en&tbm=isch&source=og&sa=N&tab=wi&biw=1280&bih=666

    Is that the same guy? He seems older and with a different shaped face, brow, and ears to me, but I can’t say for 100% sure, of course. Maybe he’s another member of the group, or is part of their general offer to folks who can pull of this kind of hoax, though… ?

  • nickbraak nickbraak 12 hours ago

    I work in the areas of online identity checking, OSINT and reputation, so I did a little quick digging and found that he has content online going to 2009. Youtube, facebook and myspace. Those timelines are almost impossible to fake. I say he is real.

    Also whilst searching I found a story about young love in Iran.

    “Alessio Rastani, 33, is a London stock market trader of Italo-Iranian origin. He regularly visits his relatives in Tehran.”

    http://observers.france24.com/content/20101006-iran-youth-flirting-tehran-cars-traffic-jam-boys-girls-iran-zamin

    • Called-out comment
  • Daniel Nye Griffiths Daniel Nye Griffiths, Contributor 10 hours ago

    It seems perfectly possible that he’s a real trader, but he’s also a day trader – no more a “City trader” than I am. The more interesting question might be how the BBC got hold of him in the first place, if so. If he speaks at small investor events, as he seems to, he might possibly have an agent touting him for media placements – he might be a friend of a friend, or there might have been an appeal on social media for a trader to be interviewed.

    There are plenty of soi-disant investment experts sitting at desks in their homes trading more or less successfully. Some will have strong views, and most will have less media training than any representative of, say, Goldmans trusted to go in front of a camera. If anyone at the institutions is praying for a recession, they certainly won’t be saying it on TV, because their business model is not built around website hits and bookings at speaking events…