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His father was a Democrat Congressman. I presume that is where he learned how to present a "common man" image. Guess he is afraid, as are all billionaires, that one day the masses are going to rise up and "eat the rich". :D

Make the best entry you can...... set an initial stop (and subsequent trailing stops) - and stick with them! All this talk about coin flipping etc. is just mental masturbation (IMHO) trying to convince yourself to take your stop. Concentrate on self-discipline and keep it simple.

And for statistical purposes the NYSE will count that as another trade that was price improved! :D

NYSE Price Improvement Policy: "We cheat the other guy and pass the savings on to you!" :D

That is of course the problem. The bid ask spread is kept artificially wide so that people using the NX function get ripped off and the specialist (at his discretion) "gives" price improvement about 1/3(?) of the time. If the market were electronic like Nasdaq, the spread would probably...

I am not accusing Buffett of a "scam" and I do think he is a good stock picker. What I am accusing him of is hypocrisy. A main component of his compounded return rate over the years is tax avoidance. Its legal and I am in favor of it. Where he crosses the line is when he then condemns...

Buffett's wealth creation secret is to not pay taxes. Buy stocks, hold them forever, never pay tax on gains. Setup a trust and avoid estate tax. Then to deflect public criticism, complain about tax dodges of other people (ie. California prop 13) and generally suggest higher taxes for...

IMHO, the article is misusing the word "regret". Regret is the feeling you get when you make (or don't make) a decision due to a momentary lack of courage. Examples: - not asking a girl out. - not taking your stop loss. - not starting your own business. Anger or despair is the...

Something is afoot here regarding the new NYSE CEO. The NYSE CEO job calls for a politician like Grasso. The new guy, John Thain is a hard charging technocrat. It could be that the SEC is going to eliminate the trade-through rule and that Thain's job is to get the exchange ready to compete...

Hank rules!!!

Here is a WSJ commentary from Hank Greenberg, Chairman of AIG. You've got to love this guy! He can't help but to tell the truth. Give them hell Hank! :) _____________________________________________ Lose the Specialists By M. R. GREENBERG No matter what the outcome of the...

NYSE thought they could just ignore the whole specialist scandal or that other scandals would distract the public. They had a rude awakening today with the Calpers class action lawsuit. :eek:

The dude abides! :cool:

About time! Even the specialist's lackey - SEC chair Donaldson might have to pay attention to this news. Change = opportunity

Its not a ring, its a coin that you toss before you trade. I have got one that I have rubbed against my Paul Tudor Jones video (for added value). I can let you have it for half of what Walther (tampa?) charges. :D

Unlike the Paul Tudor Jones Video :cool:

FYI http://www.msnbc.com/news/1004072.asp?0cv=CB20

Maybe the big guys are making a flight to quality to preserve their gains - exiting high beta stocks and moving into the larger dow stocks until year end.

interesting divergence with the dow relatively strong, the ndx weak and S&P somewhere in the middle.

Schwarzenegger knows!