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  1. O

    Fairness at the gas pump?

    You were missing my point. I am not anti-business. The idea is that prices at the consumer level could be managed better yet the profit levels could be maintained all the same. For example in peak driving season we could get a break and prices could be higher a little in non-peak season to...
  2. O

    Fairness at the gas pump?

    I used to trade oil in Tokyo. We traded the physical before that I traded in London for a company that will not name here. The company had the headquarters in Switzerland and despite the fact that had no oil leases and concessions of any producer company or country (nationalized) producer this...
  3. O

    Socialized National Health Care DOESN'T WORK!*

    That's right. I can tell you from personal experience. I lived in Japan from 1995 to 2000. I had the Social National Health Insurance. I paid $70 a month in premiums, which was matched by my employer. It covered full medical AND dental for me, my wife and two kids. I could choose any...
  4. O

    buying gold here?

    I am tempted to pick up some GLD...... (I am afraid it will be a mini correction for 15-20 points at least with major support of ~500, minor supp 525.....
  5. O

    IB retail pit access or not ???

    Please can you quote on the spread business? Will the order entry work for us or do we need to go to third party developers like buttontrader?
  6. O

    Gold Bugs and Doomsday Scenarios.

    The world is an uncertain place with mired with 2 World Wars and a World Depression in the 20th Century. Only Americans are naive and complacent enough with watching American Idol to rag on gold investors while losing their collective arse daytrading and "investing"
  7. O

    trading from jail

    Loza, You should be talking about the American penile system as you are taking it up in the arse a lot I imagine....
  8. O

    Joel Greenblatt's Magic Formula?

    http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/topic?id=19792 The "system" can not be backtested and verified according to this discussion on Wealth-lab.
  9. O

    What's the dumbest thing you've done?

    I was a contractor there and did not like the 'environment', already had my series 7 (albeit knew diddly about brokering) I did not know that I could have gotten stock options and become rich had I stay there 10+ years....but staying there 10+ years seemed like a jail sentence.... I met Bill...
  10. O

    Why Trade, if you can buy mutual funds?

    I have just spoken with a chinese guy with a wife and two kids who has two jobs (both part-time) one at a fast food place and one in a casino on the weekends. He still finds the time and trades the little money he scrapes together. His wife works so does his brother, the parents look after the...
  11. O

    What's the dumbest thing you've done?

    turned down an offer from Microsoft to become a stockbroker in 1986. I think I beat most of you with this one.... :)
  12. O

    Why Trade, if you can buy mutual funds?

    You can trade mutual funds in your roth ira and compound it tax free. upon 57 1/2 you can start taking money out - again tax free and meanwhile you can continue making money in some other endeavor. Most people have a business or a profession (lawyer, pilot,doctor) that best be utilized still...
  13. O

    Why Trade, if you can buy mutual funds?

    mutual fund timers, sector fund traders and rydex fund timers are quite numerous and I wager have more money under the belt than all ET short term traders and would be ET members compounded and multiplied. So just because you do not see them post and especially on this board do not think they...
  14. O

    short the S&P

    my model does not exactly go short but it indcates the end of the run up and weakness. I am also nervous of Arab buying of gold and what it may entail. oil/energy is also a comer as winter is Cold... Next year I maybe back on the long side...
  15. O

    more you want it - lesser of your chances

    Thanks for all who partook in this thread. Sorry for some of the confusion. The bad thing is not wanting to succeed in trading per se, but wanting to be rich and use the money as some weapon or just to buy toys (sports cars etc). many traders, and if you are not like that please skip this...
  16. O

    Advice, Prop trader

    Be a trader and work for a hedge fund or some other entity. If you make them money they will forget your (lack of) degree and other shortcomings. 2 years of economics is useless for a trader BTW.
  17. O

    Advice on car

    get a used toyota - camry is the best or maybe higher end. forget the SUV craze....
  18. O

    lost in trading

    To do it cheaply with Rydex you need to have $25000 for each and every purchase. So to scale in you need 25K multiples, with fund supermarket brokers you can go with $2500 but pay a $17 commission. PLus the rich was frontrunning before the scandals...no more however. Profunds is only 10-15K -...
  19. O

    lost in trading

    well there is swing trading stocks, index futures stock day trading index futures day trading real futures trading (gold, crude, interest rates etc etc) arbing stock mergers(!) futures spread trading PLUS.... mutual fund timing strategies for the rich etc. etc. lot of people including...
  20. O

    GOOG: Bubble or This Time It's Different?

    I would not short it unless I get a bearish signal of course. on the other hand please define "good company"... 86 times earnings is a little rich, ain't it? I am a customer of their ad program and Internet advertising does not work or shall I say it is a super expensive proposition. Self...
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