PINHOOKING

[Storm Cadet]

Has any body from this site ever been involved with any pin hooking partnerships?

Would like some advice from any member who has done some in the past couple of years.

Thanks in advance...

[Jaguar]

Storm Cadet,

A ticklish business. Trainer gets together with his buddy, also a trainer, and romances an animal- which the partnership buys. Everybody involved winds up- in the end, when the nag doesn't work out- with money, except the partnership.

Partnership buys a good, sound horse. The trainer runs the horse over its head and tells the partners the horse has "problems".

The trainer's buddy claims, or buys the race horse. Now, the new trainer/owner has an inexpensively acquired hard-knocking, competitive racer. And guess what, the partnership's trainer is- unbeknownst to the partners- now a part owner of that animal.

Would you like to hear another dozen ways the denizens of the backstretch will skin you? Just ask a professional accountant or an experienced businessman.

Here's how to protect your money and make it grow. Visit a major investment firm, split your money 3 ways: a conservative bond fund, a growth stock mutual fund, and a balanced mutual fund.

10 years from now, after you have regularly re-invested your dividends and interest payments, you will be comfortably off and you will say "That nosey, 2-bit horse handicapper on the internet gave me the right advice".

All The Best,

Jaguar

[Suff]

Jag..

Your talking about straight up Racing Partnerships. PINHOOKS rarely race the animal beyond the Yearling excerises.

Pinhooks.. Buy Weanlings or Yearlings.. Break them, grow them and Train them...Then generally sell them at Auction as unraced 2YO COLT.

The Partnership turns over much quicker than a Normal Partnership.. PINHOOK partnerships can last 6 months to 2 years. Or longer if the terms of the partnership call for an ongoing concern.

They're shopping for well conformed stock with inexpensive pedigree that may show enough early form and development to Bring a quick profit at 2YO.

Somtimes they buy them, Feed them, Break Them, Run them around a few times and sell them 6 months later for a smaller profit..

[LOU M.]

With all the corruption being uncovered in the mutuel fund industry maybe horses aren't such a bad risk after all:confused: .

[karlskorner]

A Beginners Guide to Pin Hooking

http://edis.ifas.ufl.edu/BODY_SN005

[karlskorner]

A Wall Street report on pin hookers

www.thestockbroker.com/profiles/TBIN_research_report_2003.pdf

Really interesting how large the Thoroughbred Industry is

[richo]

Couple of my friends have been involved in pinhooking here in australia and have done ok with it. Buying weanlings by first or second season sires seems to me to be the way for two reasons because they are unproven sires their weanlings are usually a little bit cheaper and if you buy the 2nd crop and the first happen to get a couple of good horses then your laughing because yearling buyers will be chasing them. Like everything else in racing it's a risk but if you have your own place and can finish them off yourself for the sales you will save heaps on paying others to do it for you.