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  1. M

    i've lost 400k the last 2 months i'm quitting

    Hey...nothing wrong with PBR, but I would stick with the Old Style, personally. Sorry for your loss.
  2. M

    CFA?

    Maybe that's because he's a vascular surgeon... (kidding) Yeah, letters behind a name alone don't mean anything. Barron's had an article (or was it Forbes) about this topic. It outlined which designations were actually meaningful. CFA was one of about three. I think CPA was another and...
  3. M

    CFA?

    P.S. In regards to the "You don't need it response" I would also ask: Do you need to graduate from high school to be successful? No. Dave, the founder of fast-food chain Wendy's didn't. But, does it stack the odds in your favor? Yes. Does going to college stack the odds in your favor...
  4. M

    CFA?

    I'm taking L3 this year. Let me ask you this, what's the downside, what's the upside? Downside is money and time. It's less expensive than an MBA. Worst that can happen is you lose a little time and some money (less than $5K all-in, depending on what you use/buy to study with) and...
  5. M

    Althucher guesses: trend funds to disappear within the next 10 years...

    I don't trust this guy -- he writes a book called "how to trade like a hedge fund", then "how to trade like warren buffett" -- now this? Anyone else get the idea that this guy is just an opportunistic bard? I know he runs a fund, but he made most of his coin on some tech startup right? Sounds...
  6. M

    SVI = Jamba Juice

    The press release says that SVI completed a $127 MM IPO in July. They also raised $198 in a private placement. That gives them $317 MM in cash (about). They bought Jamba Juice for $265, which leaves $52 MM in cash/working capital.
  7. M

    Can TradeStation Talk Directly to IB?

    You can run both through Excel. Use the GlobalVariable in Tradestation to push to Excel....you can call it from VBA. Use IB's DDE in Excel to place your order.... Or if you know how to use IB's ActiveX Component...you could just use a .NET program or something else. I never could get the...
  8. M

    Tax cuts have not created a single job

    It is incumbent upon us as Americans to create our own jobs. It is not incumbent upon our government to do it for us. Asking the government to create jobs is like asking for one more handout. Do tax cuts stimulate the economy? Perhaps -- but only when they are coupled with disciplined...
  9. M

    WHY GM will blow up...

    From what I understand they outsource a lot of design -- I'm sure an agency does the marketing too...
  10. M

    WHY GM will blow up...

    Anyone else read the interesting article about GM recently in Forbes -- suggested that an outsourced manufacturing model might make sense for GM and other US Auto makers. If you think about it, this makes alot of sense. Similar to Cisco and Flextronics or Coke and Coca Cola Bottling. GM, Ford...
  11. M

    Anyone have this from Tradingmarkets.com

    No, but I have Dave Landry's Swing Trading video series that I will be selling on eBay shortly.
  12. M

    A possible CFTC solution for REFCO LLC

    According to Reuters Man has expressed interest in the futures biz of Refco...
  13. M

    Refco Account Security

    APEX raises a point that people just seem to want to ignore -- that the funds in Refco's regulated futures business are segregated and thus provide a measure of safety given the oversight of the CFTC and backing of clearinghouses behind the exchanges. Does that mean that someone should leave...
  14. M

    Refco Account Security

    The way I see it (as mentioned above), the $430MM was never even really repaid -- it was simply shifted from Bennett to his entity. This time Bennett got caught. An additional $430 of undisclosed debt is most likely an automatic violation of all their loan covenants and the right for the...
  15. M

    Refco Account Security

    Didn't a portion of Refco's regulated business halt as well? Perhaps that's why....
  16. M

    Refco Account Security

    Apex, the $430 was repaid by Bennet, but to do so, he used a entity controlled by himself to borrow from Refco. Ran that money through Liberty , to whom he gave a rate spread, and then repaid the money to Refco with money borrowed from Refco. My thought is that he was attempting to wipe out...
  17. M

    Refco shares plunged 45%

    It'll be interesting to see where this ends up. I think it was Donald Trump who once said (not that I make a habit of quoting him), "If you lose $1MM it's your problem. If you lose $100MM, it's the bank's problem". The WSJ article on lenders keeping their ties to Refco raises this issue. A...
  18. M

    Refco shares plunged 45%

    Yeah, but you have to wonder how much they even really know at this point -- it could take a bit of time to unravel such a mess...
  19. M

    Refco Account Security

    I think "ppl" is shorthand for "people"
  20. M

    Why is playing buy side far superior to playing sell side.

    Why do you think working for the sell-side is better landboy? I would never work a sell-side job.... (I think the original poster is getting his terminology confused -- "Buy Side" and "Sell Side" typically refer to firms who are either asset allocators (buy side) or servicing...
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