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    Niederhoffer still on top !

    :) The sycophant is a 2500 years old word. It described the one that maliciously accused someone else to the authorities of exporting illegally fig fruits.
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    Niederhoffer still on top !

    Sorry to disappoint you but I will not ask for your permission what to comment on these forums. You can ignore my posts but what you are saying makes no sense to me. Regards
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    Niederhoffer still on top !

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    Niederhoffer still on top !

    56% yearly return (from selling options possibly?) carries a substancial risk of ruin IMHO.
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    naked risk

    whitster I am not ignoring the point. Simple arithmetic can lead sometimes to false conclusions. Are you familiar with the two envelope paradox? One envelope contains double the amount of the other one. You select randomly an envelope only to realize that it makes sense to switch because the...
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    naked risk

    Actually under the lognormal distribution it is more likely for a stock to double than it is to go to zero. He has a point on that. That is because log(S/So) is normally distributed and not S/So. However a stock cannot go to infinity because there are practical considerations that forbid such...
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    naked risk

    :D If you are asking less than 0.000001 for those 480 goog calls I am willing to buy a few thousand from you. It¢s a fair deal; check your Black-Scholes calculator.
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    Option Calculators

    They can be useful. For example in ¡what if¢ scenario Risk analysis. Visualizing PL scenarios with the passage of time. (Of course in this simple case you can make it without a calculator but things can get more complicated.)
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    valuating nondividend stocks

    According to a 1993 study, the analysis of the stock prices of 30 Dow Jones Industrial companies found that typically between 80% and 90% of the stock prices were attributable to expected cash flows paid out in the form of dividends beyond five years. How accurate can someone without a...
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    Excel Strategy Conversion

    Maybe you can put all your computational intensive algorithms into a dll and continue using excel. Freebasic can make such dlls and the code is similar to VBA.
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    Options calculater

    If you want to make your calculations in excel you can easily program the functions in VBA. For example... The following VBA Code, implements the functions... 1. norm - pdf of the normal variable 2. snorm - cummulative probability function of a normal variable 3. call_eur - the value of...
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    Jesse Livermore's trading

    If a person in a stage of his life gets a mental illness like depression, the fact does not discredit his previous trading success. There are not many people capable of earning hundreds of million of dollars from trading. Regards
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    Anyone holding Google since IPO ?

    Sorry but I didn't understand the meaning of your question. I am not very fluent in English. But I will explain further my thesis. The March 2003 panic sell-off created many opportunities in the market I trade in. The average stock was traded at a 10 times PE after taxes based on the three...
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    zero sum game?????????????

    IPOs are not uniformly distributed over time. In my country IPOs and other stock issues raised 250 million $ during 2004 but more than 5 billion $ in 1999. On top of that the management owns big part of these new companies that distribute them to the investors after entering the stock market, so...
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    Anyone holding Google since IPO ?

    March 2003 gave the opportunity to buy value stocks at extremely low prices all around the world. Simply there were stocks with almost zero risk.
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    Anyone holding Google since IPO ?

    http://web.mytilineos.gr/homeEN.asp Unfortunately I only bought very few stocks when it was 1.5 Euro/share and I didn¢t add to the position. Big mistake as you can see in the chart. I could have retired by now :).
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    Google CEO says goal to reach $100 billion annual revenue in next couple of years

    Pretty soon the Klingons will sign a deal with google and Spock is trying to convince planet Vulcan to join. :)
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    The Law of Entropy

    The author of the article misunderstood the concept. The amount of energy of a closed system doesn't change. The energy is transformed from one form to another form. The entropy of the system is growing because the energy after the change is always of lower 'quality' in comparison to the energy...
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    The Law of Entropy

    :eek: :eek:
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    zero sum game?????????????

    Exactly. You can only say 'on average'. So on average the world GDP since the time we have data grows at real rates close to 3% and so is the average stockmarket.
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