Recent content by fx255

Warren Buffett. He sells puts all the time. Not sure if there is any particular "edge" one way or another in simple buying or writing, but I prefer to write. Think of options as insurance...usually the guy who sells it makes money.

Gasparino is such an idiot. The only person on CNBC I like is Rick Santelli. Greenspan is a private citizen and can say whatever he wants, so what, if the market listens to his comments, it only shows he has credibility.

Warren is getting 10% a year on his prefererreds, and his warrants last for 5 years. I would bet that in the long term, he is going to make out like a bandit on these deals. In his NY Times piece, Buffet even explicitly stated he doesn't know where the market is going in the short term...

I think you missed my point. NY is more than just sell side bankers, heck Wall St. is more than just sell side bankers. You're pretty naive if you think a ton of hedgies didn't make serious coin on Lehman's demise. One man's bust is another's boom--that's the nature of the market. Trust me...

Crgarcia is correct. There is so much wealth (both US and foreign) in Manhattan. A few newly poor i-bankers isn't even going to make a dent. An example of high end real estate thats selling quite well, not that anyone from Lehman will be living here...

I want to know what John thinks, not Henry. John is the Paulson whose opinion matters on Wall St. these days.

Same here. If you guys are in Manhattan, count me in.

Anyone have thoughts or info. on them?

To the best of my knowledge, Americans cannot trade CFDs. You'd probably have to form an offshore company, etc to get around these rules. Probably not worth it for most. Stick to options and futs.

Count me in.

That works out to just under $700K per Goldman employee. Whose doing the number crunching at FT? Obviously not traders (or not very good ones).

NFP came in at almost double expectations, the fed did cut, but the statement was clearly hawkish. I expect a dollar rally soon and venture this is a good greenback buying opp.

I like this pair for several reasons. It's awesome for carry trades if you are long. Also great to be short this one if there is equity market panic (e.g. subprime stuff). One can make serious bank on this if you use trailing stops and in general tread cautiously. Obviously stop loss...

Fellow traders, This is my situation. I've been trading profitably part time (and working full time) on my own accounts for a few years now. I trade equities, options, futures, fx...my trading is only limited by the opportunities I see to gain an edge. I will be leaving my job and...