Search results

The points that you raise call for market structure reform, whicn I'm in favor of. But as a trader we have to trade the market that we have not the ideal market. Smart traders will use dark pools, internalized orders and commission free trading in some instances for some purposes and decrease...

If you are sending out small or medium sized orders to take liquidity (and everybody has to send out liquidity taking orders sometimes), having the order be commission free is like a guaranteed price improvement (the improvment being the lack of commission in the trade). If you are a smart...

I'm all for punishing these firms for wrongdoing but the government could be overreaching here. What they are doing is purchasing dumb order flow and providing a benefit to these folks for it (the benefit being commission free trading) If you are a good trader, this is great. In some instances...

Being small can be an advantage too. If you can detect the intentions of big players to buy or sell a stock/future by looking at the chart/T&S/L2, you can front run these players and make money. This happens because they don't buy or sell all at once but do it gradually which creates a trend...

Just to give an idea about the costs in Brazil. I live in Sao Paulo and spend around $14K USD a year (before vacation expenses). Thing is, I'm not a big spender and live in a small apartment. But I'm planning to move (or even buy) a bigger place and spend more. But even then, my yearly cost is...

I believe the real will go back to 4 (but perhaps will rally short-term). Up to you if you want to risk it going higher or lower. I'm not sure a 10% change in the cost should matter much in deciding this, most of the expense will be in the airplane ticket which is more tied to the USD. Hotels...

And the thing is, she KNOWS she will fall in the impeachment vote. But they still try any kind of delay, chicanery, fillibuster type move in order to stay around a little bit longer There is simply zero respect for the economy, the political system or the rule of law

On developed countries, the politicians have the common sense of resigning when things become uncontrollable or they are caught breaking laws (like the PM of Iceland that did even before any confidence vote). But in Brazil, these fuckers try to squeeze power until the last minute. They will pull...

Brazil is a true shit show right now. One guy (interim president of the lower house) tried to reverse the 2/3 majority vote of the lower house (the highest requirement in the constitution, even higher than changes in the constitution that require 3/5) by himself without even consulting the lower...

the complaints had more to do with bad PR/communications and too aggressive price hikes rather than bad drug purchases. its the latter that really matters

A key difference is that VRX doesnt need improvement of its business or a 'turnaround' of any kind. If the Cash EPS metric is real, the stock is worth a lot. in fact, it could even deterioate further and still be a good buy. If its not real then the stock is worthless. It all comes down to...

The asymetry makes it necessary to be right a lot more often than a normal situation

because if the bulls are right, its trading at 3x earnings. that is not the case in any stock without a massive rise in revenues

yes but the consequences of being wrong are disastrous, which is not the case in other stocks in the sector

One thing is for sure, VRX is a bad short. Debt and non-GAAP metrics such as "cash EPS" are things that other stocks in the industry also have but they are at a much bigger valuations. If shorts are right on VRX, they make 100% but if they are wrong, they lose 100-300%.

http://seekingalpha.com/news/3179408-stan-druckenmiller-fan-fed "He longs for the days of a more opaque central bank vs. what we have now - the Fed "spoon-feeding" markets guidance on rates only to rush out the doves every time there's a modest retreat by the S&P 500." Couldn't agree more...

http://www.zerohedge.com/news/2016-05-04/stanley-druckenmiller-blows-fed-bearish-reveals-his-biggest-currency-allocation Druckenmiller: "the Fed has no endgame and the end objective seems to be preventing the S&P from having a 20% decline"

Retail can actually do some of that, its a matter of which broker you use. Most retail brokers don't offer special routes like that but some do

Pretty good recovery in the Ackman fund from $13 to $16.40 a share. I took advantage of the narrowing of the discount to NAV to sell some that I bought at the panicky discount. Stocks are getting to the top end of their range and I want some bullets to buy back if VRX drops a bomb I bought 15y...

Took small profits on fed futures position. Only got a small position now. I don't like how the Fed is not signaling a hike for June