Search results

NYFIX/Millenium was essentially a dark pool catered to institutions. Somehow Swift got access to it (and subsequently ruined it). Basically they had an algo that would ping NYFIX to see where the buyer or seller was. Once they knew that, they would just wait for NYSE to get to those levels...

The NYSE specialist used to control the order flow and hence the institutional order flow. If you understood how he traded the stock of the time & sales, you read the tape and aligned yourself with him. Not easy but not too hard either. Just required pattern recognition, time & practice...

Hmm where do I start? 1) SOES Bandits of the 1990s 2) The late 1990s edge of buy to win 3) Bullets & Conversions 4) Rebate trading 5) NYSE Open Book 6) Tape reading the specialist 6) ECN and regional exchange arbitrage 7) NYFIX/Millennium I doubt there are even enough edges...

This is a different type of customer that you get from Groupon. It's one thing to pay for exposure. It's another to bring in bargain hunters that only come to your store when you subsidize your product/service. The company's business plan was flawed from the start, they are just catching...

Is it scrap gold, bars/rounds or coins with potential numismatic value? If you find a good local gold buyer, you can negotiate spot or even slightly above spot. I would also suggest using craigslist or local gold forums in an attempt to maximize value. Also, try Tulving.com. He offers...

My fiancee is a specialist of almost 10 years. Medicine is not the magic cash cow everyone thinks it is. Malpractice insurance costs have hampered the practices, while healthcare insurance payouts are getting harder to battle for. Whatever US government pays is negligible, if it's not premium...

Not true nowadays. Don't be surprised to see med grads suing the med schools in years to come, similar to the lawsuits filed by recent law school grads against their schools. To make good money as a specialist, you have get into a good established practice or have the capital to start your...

The fact that his name has a strong association with Pristine is enough of a warning sign.

You idolize clowns? Weird.

In gold? Not really. But in silver, a big yes. Gold should be at $1500 considering the dump in commodities

1) You seem to have problems with proper utilization of the CAPS LOCK key 2) You got screwed in one scam operation and are considering joining another shady operation, which, of all things, has an association with Velez, the wonderful man who was in charge of screwing you in the first...

Ehh, you assume too much. Medicine is not the cash cow it once was, unless you are being hooked up into an established practice. It's whole different world nowadays. If he actually likes Med school and is not financing it through loans, he should be OK. Otherwise, he will be doubting his...

Excellent post! Very enlightening.

LOL that is awesome. Patent that.

There are actually a lot of start-ups chasing the Social Media dream. More than seems sustainable. There is plenty of talent available

So you mean to say: 700 when pigs fly. Is that a correct summary?

LOL thanks for sharing. That's an outline for a comedy film right there.

I'm not a big player and nowhere near an options expert but it's just the simple concept of pricing options. You can get too much price erosion just from implied volatility contracting, which for Gold was so high. On top of it, even with vol that high, prices were still a bit high from buying...

You mean 10 puts. I agreed with your timing, but the prices for all gold related options were absurd, so I was not motivated to pull the trigger. Was waiting for volatility premium to cool off but it never happened.

Great call! How much did you risk?