Search results

Dailyfx has some great data about what their traders are doing, what they're long and short. Retail traders tend to be range traders so they get short/long at top/bottom of ranges. They also tend to fight trends, so when a trend takes off, the retail traders will fight it. But what's interesting...

not if you look at the CRB, which has done a round trip and is at 170, down from 450 . . . for a long time China was creating commodity inflation. now the inflation is turning into deflation as commodities start to drag rest of economy down. I don't think people have really come to grips with...

Kuwait provided the latest blow when the acting oil minister said that production could restart in the Khafji oil field. The 300,000 barrel-a-day field, which is jointly operated by state-owned oil companies Kuwait Gulf Oil Co. and Saudi Arabia’s Aramco Gulf Operations Co., has been closed...

Sinopec and Petrochina have seen lower demand in China. There's just no demand out there. CRB chart is at 25 year lows. People haven't come to grips with the fact that China catchup growth was just a brief blip within a relentless deflationary trend world. Amd now China will be exporting deflation.

Everyone is expecting a quick rebound over $50 and up to $60 - $70. Nobody can make money below $50 so oil has to go over $50. Unfortunately, that's not how it works. Price doesn't adjust to the producers, the producers adjust to the price. Huge spec longs right now in oil after a big short...

Plenty of conferences do well, even with the internet. I bet the internet has been a boon to conferences/expos because you meet the people you only know from the internet.

I think any form of system that employs stops and momentum is a bayesian system. Doubling down is the anti-bayes system.

how predictive is the curve? it seems to me like the curve could just represent desperate sellers. the same producers selling into the spot market are also selling deep into the curve. but we already knew that the producers are desperate

THis is a good site for energy info. http://www.edisonthoughts.com/2015/05/whats-marginal-cost-of-oil-supply-60bbl.html

Sounds like he's more interested in being a commodity trading advisor.

is making money what people really want? I bet it isn't. most people are looking for excitement or to be proven right or they've got money burning a hole in their pocket. it's not that hard to come up with simple breakout strategies that take advantage of the small trader's biggest advantage...

this is a stupid question, but do these use python or do I need to know python to use them?

You know it turns out there is another side of this case. This may be a victimless crime. http://www.bloombergview.com/articles/2015-12-17/martin-shkreli-accused-of-being-surprisingly-good-at-fraud "But never mind that. Just do the math. Shkreli raised $3 million for MSMB Capital and $5...

Earlier the same day Bloomberg published a story on Martin as brilliant short seller. http://www.bloomberg.com/news/articles/2015-12-16/wu-tang-loving-pharma-ceo-also-a-better-short-seller-than-chanos

Well his last tweet was 8 hours before the Bloomberg report, so he was arrested some time after 11 last night.

Bloomberg seems to have had this article in the can for quite a while.

A boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested on securities fraud related to a firm he founded. Martin Shkreli, 32, ignited a firestorm over drug prices in September and became a symbol of defiant...

go on Redfin and there are houses for sales and prices. for each house for sale there is a "seller" and a reserve price. this is not hard.

are you referring to the statement "there are always sellers"? They don't sell. They wait for buyers to show up. The sellers have a reserve price/quantity that hasn't been met.

fwiw, my way of thinking about this is that there are always sellers in a stock, but there are not always buyers. that's why there are some situations where there is no buyer at any price. likewise, there are a million reasons to sell, only one reason to buy. therefore you want to look for...