Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Oli, in reality your post is exceptional unfair. Tell me how any discount on-line broker could have executed your trade any faster? Think about it Oli, OC' execution on your trade you boasted of in your earlier post beat any other on-line brokerage firm's execution by at least a day.
Your alliance with Matt is commendable however that doesn't make your statement correct about OC Securities. Futhermore, there's two sides to every story and I truly believe my side would amaze you.
Hey Memphis, been very busy and life goes on. Just got home, tonight was Tuesday softball night. We lost by only 1 to the number 1 team in the league, we played great.
As far as OC goes the only real question is how have OC clients been treated? Have OC clients felt special and had things been done for them that other on-line brokerages wouldn't take the time to do?
OC is, and will be, the best blend of all that's good about a full-service brokerage/broker with the advantage of discount prices.
Lob, there is 4 members of OC today, the 3 on our site and Marc. A number of people have been trading on OCS as they are today. OCS is about service, feel free to publicly ask how we have been handling their accounts and how OC has blended the best of a full service retail brokerage with discount on-line prices.
Dee my friend spoke to Matt and there seems to be misunderstandings between Matt and I involving a couple of issues. I would love to discuss my side of this story, however I will rather keep my eye focused on OC Securities hoping Matt and I can come to an agreement in the future.
Matt, my wife just dropped off our hand-made lunches she makes for us. As usual the bag had Matt's tomato-free sandwich in the bag marked "Matt" on the zip-lock bag.
She kissed me and said "Jerry McQuire",
I love that woman, I'll leave the light on and save your sandwich.
Yes there's always someone answering the phone in today's high tech world, just had a wonderful conversation with contax, boy does he have some interesting ideas.
Contax, any questions after market hours can be pmed to Matt or I directly here, if you prefer speaking on the phone feel free calling anytime tomorrow during market hours.
Tim
My family has a long tradition of military service, my father was a Air Force aviator and my Grandfather a Major in WWII.
My Grandfather was a member of the Pennsylvania National Guard, a Keystone blood bucket band of brothers. Normandy to the Ardennes, he was a very special man to me who taught me to hunt and fish, I loved him dearly and named my son after him. I have his flag from his funeral, his military uniform, pocket prayer book/Bible, medals, pins, IDs and his 1911 Colt 45. These effects are some of my most treasured possessions
I regrettably never served, However I imagine I can do something special for a real life hero. B-)
Very cool, a real hero. B-)
Bill Gross
By Nicole Bullock
July 1, 2005
BILL GROSS THINKS THE next move in interest rates will be...no move at all. While most market strategists, and even the chairman of the Federal Reserve, have been expecting the yield on the 10-year Treasury bond to climb sharply, Gross says it will fluctuate between 3% and 4.5% for the next few years. That's great news for real estate, good news for the stock market and a bold prediction given that Fed Chairman Alan Greenspan raised short-term interest rates eight times through mid-June, with more hikes expected.
"The Chinese and Japanese control the 10-year bond rate, and Greenspan controls the short rate," explains Gross, manager of the world's largest bond fund. Foreign central banks have been buying U.S. bonds in order to prop up the dollar and keep their products cheaper for U.S. consumers. Gross predicted low rates this spring, and the market followed his script.
Being ahead of the crowd is nothing new for Gross. Competitors have long admired his ability to turn on a dime as market conditions change. Loomis Sayles's Dan Fuss, another standout fixed-income investor, calls Gross the "best there is." Sometimes, however, Gross doesn't adjust to market conditions — he changes them. With nearly half a trillion dollars under management, he has quite a bully pulpit. In 2002, for example, he publicly criticized General Electric's debt load. Within a year, the company had altered its borrowing habits.
Despite his enormous influence — his firm has been known to trade $20 billion in a single day — the 61-year old "king of bonds" usually sounds, well, pretty laid-back. That attitude could be a reflection of his yoga habit, or the fact that his pronouncements come not from Wall Street but an office overlooking the Pacific Ocean in Newport Beach, Calif.
That sanguine panorama carries over into his view of investing. "In the bond market, the old phrase is what you see is what you get," he explains. While stable rates mean "we probably won't have a bear market anytime soon," according to Gross, there's not a lot of upside either. "You can't squeeze double-digit returns out of a market yielding 4%," he says.
In fact, Gross sees single digits in most corners of the investing universe. "These low yields imply the same thing for stocks and real estate... It's a 4% to 5% world for almost all asset classes and investors should plan accordingly." And that's the optimistic view. The outlook is worse should foreign central banks stop buying up our government debt, sending long-term rates sharply higher. "When the day comes-and it will come-we could be hurt puppies, and not just in the bond market," he says.
What to do? Gross likes municipal bonds, whose interest payments are usually tax-free. Their tax advantages don't apply to foreign central banks, which means there's less demand. That, in turn, means the yields are a little higher. In particular, he's a fan of closed-end muni funds, which, in a market that is offering few giveaways, sometimes can be bought for less than the value of their assets. "Buying a dollar for 95 cents is a pretty good deal," Gross says. He's also still bearish on the dollar, so he likes global bond funds.
One of the first bond fund managers to focus on total return rather than just income, Gross has earned an annualized 9% for shareholders in Pimco's flagship Total Return fund over the past 15 years. That handily beats the index over the period, and he's also come out ahead in all but three calendar years. But then, he's mostly had the wind at his back. U.S. bonds have been rising for more than 20 years as interest rates have fallen. The true test comes now that the salad days are over for the bond market. "It would be much better if we were talking back in 1981," he says. "It's not an ideal environment."
http://www.smartmoney.com/wgi/index.cfm?story=gross2005
I wrote it myself, can you tell?
wow, why doesn't that link work?
Got in early to check the firm's largest stock position, found it to be some stock with a G and I think the kid has already retired. Boy this is going to be a fun year and I don't even know Cramer.
Haven't received it yet? You should get it by today.
Rager, how's our Data Center, any problems? I haven't noticed it being down at all. Has it ever been down, has it been hanging up?
Anyone notice any problems we need to address?
You must be pretty young, when I took my 7 they had me bring two number 2 pencils and I had to wait for 2 weeks for my results to be mailed to me.
Can't do that any longer, they take a thumb print and in this business they run the prints with the Feds.
You know it's crazy, I thought Matt was a total geek from day one. Never saw him as a physical guy but the truth is he's a great athlete.
Our softball league is very competitive, it's a all male league. Players break legs sliding home and faces by trying to catch balls off the fence, people get hurt every week. Our league is 100% serious softball, no one drinks beer (during the game), no one loafs and no one says, "it's just a game".
Matt plays first not because he throws like a girl or he's a big target, Matt plays first because he catches and digs up every ball thrown to him and talks a lot of shit to boot. Believe me, I'm the coach and I'm a Woody Hayes-type coach who would bench his funky ass (softball jail) and anyone else who errors, we play no favorites in softball, we play to win, period.
The truth is I don't believe Matt has errored all season. Really, Matt is one of the very best first basemen we had in the last 7 years and our last first baseman played for the Cardinals and was 6 foot 6.
Not only can Matt field but he hits the long ball. Probably one of the longest long ball hitters in the league. Matt regular jacks the long ball and bounces those soft yellow softballs off the 300' green monster fence. We won last Tuesdays game in the final inning by one run, however I had words with Matt because he was getting too excited at bat and fouling out after getting way in front of the ball and jacking it out of bounds, but Matt did have a key hit in that final inning that contributed to our "W".
Seriously though, Matt is a great athlete. My wife couldn't believe it either until she came to our softball game. B-)
Better yet, it's a "dry" Death Valley heat....
Partly Cloudy
High: 122°
Low: 95°
Isolated Thunderstorms
High: 123°
Low: 96°
Scattered Thunderstorms
High: 121°
Low: 94°
Isolated Thunderstorms
High: 119°
Low: 93°
Isolated Thunderstorms
High: 120°
Low: 93°
http://weather.yahoo.com/forecast/USCA0286.html
But if you want to see "hot" like few ever see then look at this.........
Isolated Thunderstorms
High: 121°
Low: 97°
Isolated Thunderstorms
High: 121°
Low: 97°
Scattered Thunderstorms
High: 116°
Low: 94°
Isolated Thunderstorms
High: 114°
Low: 93°
Isolated Thunderstorms
High: 115°
Low: 94°
http://weather.yahoo.com/forecast/USAZ0116.html
Yeah I know what you mean Fred, the weather is insanely hot here in coastal Southern California too.
It's been hitting the mid-80ies all week and my wife actually had to put the ac on yesterday.
http://weather.yahoo.com/forecast/USCA0764.html
I know he plays a great first base, hits the long ball and we won last Tuesday night's softball game. However, you'll have to ask Matt how he's doing with his 7.
Hasher, Matt controls IHUB and I control OC Securities.
Congratulations Chris, paypal or a check, just pm me and I'll handle it later today.
Love that "edit message" feature, that feature alone blows out Raging Bull for Nobel Laureates like me. Thanks B-)
Good question ergo, Penson's privacy policy can be found below.
http://www.penson.com/Penson%20Privacy%20Policy%2012-04.pdf
OC will following the same policy,
Ergo, retail schooled stockbrokers are historically very protective of their clients files. I have been very protective of my clients accounts my entire life and OC will continue this policy.
Funny story, for the last 20 years clients would ask me the same question as a retail broker and I would sometimes joking reply, "the Sheriff doesn't even get to see my files, to see my files you have to have an expensive Italian suit, a 10 cal. shoulder harnessed hogleg and paperwork that said "The United States of America".
Strange thing is guys like this turned out to be the only people who ever got to see any of my accounts.
B-)
Az, I would advise against trading after hour markets. We would love the business but one of the very most important qualities of any market is liquidity and the less liquid after-hours markets tend to take advantage of the small investor with large spreads between bids and asks.
Hey my Mom is a born and raised Texan, a Longhorn from U of T @ Austin to boot. I have a Texas pass.
Yup, well pretnear.
Today I Fedexed the notarized paperwork, OC's net cap (signed) balance sheet, 1A Focus, articles, bylaws and check to the Lone Star state.
BTW, Texas is the most expensive state in the Union, what kind of racket you fellers got going down there?
B-)
Fine, whatever you fellers think is best.
Yes give me alittle "Fung" action too. B-. I'm gonna make some money off this Derf sooner or later. B-)
Sounds good, run the trade. B-)
Whatever you guys feel is just.
No I can't I wish no appearance of impropriety, please pick OC' team.
Yes, please pick OC a team now and if we win the money goes toward a IHUB member favorite charity.
Sorry been working non-stop all day, if the British opened already started then no more entries.
OC throws in $100.00 to the winner, same deal, only one winner, have a tie breaker. Alex picks OC Securities team.
I believe our luck should be much better when the reality is OC Securities is 1 of 80 on-line discount brokerage firms.
OC Securities are not using the same servers as IHUB. Matt and I visited in/tele/net' place of operation and were highly impressed by their facilities and people.
in/tele/net told me their servers have never been down and I believe them. I expect no less. OC Securities is using in/tele/net Data Center as of today.
http://intelenet.net/virtual_tour.php
http://intelenet.net/index.php
I hope too Az, but I won't bet on it, I hope me being the solution is the difference. B-)