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where the actual price moving event(s) could be CREATED, MOVED IN TIME, or PREVENTED FROM HAPPENING ALTOGETHER.
and, looking at the sponsors of this and the project name, that's exactly the goal of this whole exercise: to set up a futures market where they can gather information.
clearly they're not intending to gather information just to get a jump on tomorrow's newpapers ...
here is an idea of how convertible/short hedging/arbitrage might work.
http://www.magnum.com/hedgefunds/convertibles.asp
hmm. but aren't you guys talking about different things? ms becky is talking about may, and the selloff in treasuries is july.
> What does that mean, and why is it bad for the stock?
convertible subordinate notes!
takin' out a loan. (actually, in the past, i've played stocks that were "run", apparently, in anticipation of such an offering, since - as i understand it - convertible bond holders will often hedge their holdings with a short position in the stock. worked very well with extr and kopn, and with extr again when those bonds were resold.)
breathtaking, no? i was wondering when someone was gonna start feeling that chill here ...
This should be food for thought for the doom and gloomers.
please note that, according to first call, a similar percentage warned for next quarter.
note: i'd read about this last week, over on the prudent bear chat site somewhere. apparently this was coincident with a big drop in the dollar last week ... whatever day that was.
yah of course. i got my protective boots and gloves though.
> This market,all pump and no value!
well, tax credit should help offset rising property taxes, no?
yah! yah! but those charts are bullish. oh, you can also add to that the tone of yahoo message boards, but then, they sound like dec 1999, so ... whatever that means.
parker,
your equal-opportunity, gender-neutral bull.
moo.
i'm still waiting for them to roll osama bin laden out of cold storage. but i think that'll be closer to the election.
> killing or getting saddam will make the market rocket.lol.
i'd think there's alot of pressure now to get positive news out of iraq. recent cnn poll has bush approval dropping to high 40's. the white house can't be happy.
please note. this is not a political posting! i'd add something for balance if i could think of something ...
ooh.
drudge. [picture of maria buttaroma]
"CNBC MONEY HONEY BARTIROMO UNDER FIRE FOR STOCK HOLDINGS... DEVELOPING..."
parker the bull. moo.
speaking of gold ... and reading all of this scary speculation on u.s. doom ... how many of you guys who are investing in gold miners also have physical gold? at what point would u think this is a wise investment (if any point?) ...
actually, i did buy some eagles in dec 01 and some maple leaf's the following summer. but nothing huge ...
On that same note, would you have said something similar just now to someone who was more politically in your favor, is another way you could look at it too, before posting that comment to me. Practice & preach...we all lack in the former I think (at least I do).
probably not. but i guess that was part of my point also. alot of things that *are* relevant to what's germain to this forum are pretty close to political issues - or at least, are things where one's political opinions might show through. anyway, its gonna happen. just have to be tolerant and pass it over ...
now i really wanna say something inflammatory about the lack of presidential press conference, but i'll restrain myself :-P
You're beginning to sound like a disgruntled short to me.
oh, come on now. can't we all just get along? if you've followed anything that bearmove has posted in the past - and there's been quite a bit of it - then his market related calls have been right on the money, and he's followed the trend through all of its wiggles lately, both short and long, but i think primarily long.
Keep it on the politics thread, if you want to keep posting here.
that can be said without the threats, you know. or dare i think you'd be threatening him with explusion if he actually agreed with your political views?
ya know, the board says "no politics", and that's a great idea, because those discussions take on a life of their own. and yet, you can't always purge every bit of political thought from what you say. i've certainly done this myself.
... so how about we just agree to pass on it and move on ...
ot frenkel.
that seems to be par for the course, i'd say, from what i've seen of the graduate texts in mathematics series, for example. although i can think of one example where brevity suggests "i'm bored with this subject." a "zing" from serge lang's "algebra", the chapter on homology:
Exercises.
Take any book on homological algebra, and prove all the theorems without looking at the proofs given in the book.
Homological algebra was invented by Eilenberg-MacLane. General category theory (i.e. the theory of arrow-theoretic results) is generally known as abstract nonsense (the terminology is due to Steenrod).
re verbosity: i suppose if folks are buying a newsletter from you, the strategy is: don't say in 100 words what you can say in 1000. kinda like a nouveau cuisine dinner, with a little good food in the middle of a massive well-decorated plate, with a high price tag.
Can someone explain to this this trader why killing Saddam should make CSCO or KLAC go up?
sigh. everyone is a cynic nowadays. and i used to think i had that market cornered.
i believe the effect will be most pronounced on chinese internet stocks, for obvious reasons, with some spillover into amazon and ebay. :-P
So what has he said? We are in a period equivalent to the 1966/82 period?
well, i'm not a subscriber but i've read a bit of his stuff. and i think you're being a little unfair here: he's talked about this "muddle through" stuff for a long time. of course, so have others, like roach.
me, i find this letter instructive because, to me at least, it explains how players in the bond market have been acting: if we believe what he wrote, they really *did* buy the fed deflation story, and the recent bond crash was an expression of their "crisis of faith" with the fed.
now, of course you might say that you just need to look at the charts to conclude that ... but its good to hear some confirmation of the inference.
imho.
Earnings reports have been neutral, at best, with plenty of disappointing revenue growth and guidance
Pre-announcements running 2-1 negative First Call
can you say something about how these warrants are traded? where? symbols?
mlsoft, congratulations with klic. you're certainly braver than i. (though, i remind myself, you're also pretty cautious.) anyway, did you take it home with you?
for kopn, i think its those pre-earnings jitters. plus the lack of shorts. plus maybe fallout from swks earnings last night (one of their largest customers) ... 7.50 has been a good upper bound on that stock for quite a while.
call me biased, but i think pmcs and extr are a pair of stocks that want to see a violent death ...
well, i'm short extr here and added to my pmcs short at 11.80 earlier in the day. at least these are two stocks that should have some serious overhead resistance ... also watching kopn again (very low short interest, but earnings tonight).
well, overall the rally doesn't look like so much fun. i'm seeing trin at 1.0 now and tnx is just about hitting 4.2 again, which i think is where all the bells and sirens go off ...
whats a C+H?
i see your wedge. though i suspect it could take some time to resolve itself. i guess today we'll see if that's valid or if it breaks to the upside ...
"bull flag" is a pattern i don't pay much attention to, so i'm pretty sure i'm bad at identifying them.
by the way, Butinsky's are always welcome in my house.
true, but chartwise, doesn't that look like a bull flag? (similar on brks)
yah, i know, it doesn't make much sense. but nevertheless, the current price already doesn't make much sense.
re klic (and brks too), i get the impression that this isn't the case, cuz trading is so thin. my *feeling* is that there are big commercial/hedge fund/whatever short positions out there that they're gunning for. little guy doesn't have the resources to hold on as they ram it up or down on low volume ...
(e.g. klic and brks are really good at doing back to back 7% days, or even a string of them. you just sit back and watch them run the program and it goes up along a straight line ...)
> and added to KLIC
uninspiring, missed ... and yet ... well, its either a double top or its breaking out ... the one fear i have about klic is that there's a huge vacuum between 10 and 21, which i rode down and don't wanna ride back up (on the short side, of course). well, that and it doesn't seem to respond at all to arguments re fundamentals.
now extr looks like something that's in trouble (failing at resistance at 6.2ish). seems like these "good reactions to bad earnings" take a while to play out ....
In spite of Zeev's well intended (I think) 'warnings', I remain steadfastly committed to my long term game plan and to playing it accordingly.
what were zeev's warnings on gold? i thought he had long positions. in SA miners too ... (eek!)
And to think I had assumed that someone had been buying PMU in error, mistakenly using PMU instead of the correct symbol.
see, that's always been my assumption for BRKS as a mistake for BRKA. the A and the S are so close on a keyboard.
"Any speculation on how much the market will rally [...]"
well, if we extrapolate from today, the dollar should retest 92 ...
whoa! "bargain hunters" out in force.
OT But my ISP went a bit kablunky
hmm. is that explained by the theory of fat electrons or quantum bogodynamics?
for fat electrons:
http://www.hack.gr/jargon/html/F/fat-electrons.html
for bogons (particles that carry 'bogosity'):
http://www.hack.gr/jargon/html/Q/quantum-bogodynamics.html
dood, i can take your quote there, and put it in 1937, 1942, ...
how can any economic argument based on the retirement of the baby boom generation be easily placed in any year before the end of this decade?
methinks the deuce doth protest too much.
you can't trust briefing.scam for earnings numbers, only "earnings" numbers.
SAN FRANCISCO, July 22 (Reuters) - Semiconductor designer Broadcom Corp. (NasdaqNM:BRCM - News) reported on Tuesday its quarterly net loss widened sharply from a year ago on charges though revenues rose 46 percent on stronger sales across most product lines.
The Irvine, California-based rival of Texas Instruments Inc. (NYSE:TXN - News) posted a second-quarter net loss of $831.7 million, or $2.87 a share, compared with a net loss of $129.4 million, or 49 cents a share, a year earlier. Revenues rose to $377.9 million from $258.2 million a year earlier.
OT speaking about underpants and presidential press briefings: anyone have any idea how much a pair of bush's boxers might bring on ebay?
i could see this as a very successful business venture. kinda like beanie babies, but with a human dimension ...
have some faith. as, i believe, j.p. morgan once said: "there's an investor born every minute."
mmm. maybe that was "god would not have created sheep unless He intended them to be shorn."
:-P