Search results

" The SEC said Refco Securities LLC and Refco Clearing LLC are limited for 20 business days from making transactions if the total, aggregated with other similar transactions, exceeds 30 percent of the firm's "excess net capital" during a 30-calendar-day period"

Well, it sure sounds like there are people here trying to convince the board of just that fact.....

Yes. However the news for Refco only continues to deteriorate - see this mornings Wall Street Journal Article. Essentially they are saying that traders are reducing their exposure to Refco altogether - although this is only part of the story. Read the article ...

This will probably be the outcome ... although in the meantime your funds are in limbo.....

Its old news but its still quite amazing ..... refco has been around for years and this is an extraordinary story that is still unfolding .... dont expect people to not be interested in it or discussing it .....

Sad. Looks like the end of Refco ....

halted ....

Me too. However, my current macro models show that by the end of december we wont be above the year end close of 2004 - dow and nasdaq. Now of course my models do change their predictions as they get more data but right now this is what they are saying.

Well ... this type of behaviour is very basic knowledge and well documented in numerous studies - although I cant give you a specific citation. People prefer to follow the leader rather than lead and tend to accept any arbitrary branding of leadership, regardless of the source, as...

I agree with the previous poster though ... once you see something incongruous, you need to limit your risk ... let the billion dollar companies state publicaly that they have kept the agreements in place - and their funds. I still feel that anytime a mistake like this comes to light in a...

Is it possible that people in South Dakota and Nebraska are just smarter than Californians ? Sure looks that way :D

Yes, its been a nice short since the original news announcement...... Still refco was always a survivor type of company - scrappy - until now. I think this mistake - whether intentional or not - signals the end for the company. I dont see how they can recover .... just my opinion.

If I had to choose between F or GM I would take F as the survivor. The reason being that under the present management they have become more nimble and better at adapting to change. Their engineering pipeline appears to me to be faster to production with fewer defects as they attempt to mold...

Well .... although Refco has had its share of issues over the years it largely stayed afloat while a lot of other firms sunk - a few of which it aquired. Refco always seemed to be one of the more stable players at the Merc - they account for about 11% of volume. I think though that for a...

Something will be done to engineer a soft landing in the property markets - beyond the natural effects of rising interest rates.

No research. However I believe that things are actually going the opposite way: increasingly people recognize that most so-called information in the media - email/IM, print, internet, broadcast TV/cable, radio - is devoid of any real content. That is, most of it is noise and the net effect is...

You can use charts but ... as someone else said .... there is no substitute for just watching the action and making note of patterns: I would add that there is no reason this cant be automated. Experience watching, studying and analyzing price movement and discovery will directly affect your...

...or you just wait .....

Well.... if you have done this before then you should have no problem. However if you have never tackled this type of project then do not underestimate the amount of time it takes. The first project i did like this years ago took quite a bit of time due to the learning curve. Even today, having...

Linux. Seriously though, there are a number of issues with any registry cleaning attempt. I have written several registry cleaning utilities. Without going into the details - you dont want to know how sausages or registry cleaning programs are made ...... - my advice is to attempt to avoid...