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  1. M

    hello friends,i'm a new comer and excellent speculator

    Ni Hao Geowalker; Welcome to ET. When you say you trade Chinese futures which ones are the biggest contracts in China? Is there any pit trading (open outcry) in China or is it all electronic? Do you trade any western futures contarts? Is it allowed for Chinese nationals to trade...
  2. M

    Dow 40K?

    http://moneycentral.msn.com/content/P132295.asp So anyone think this is possible? Anyone know anything about Dent and Hays and their records? How do we overcome the huge deficit, the aging boomers healthcare crisis, the boomers pulling their money out of the markets to live. Or are they...
  3. M

    Refco Account Security

    Maybe so but I have other things to pay attention to today without having to worry about my funds being frozen at refco. Glad I got out when I did and frankly just don't get those who didn't. Where's the reward for the risk (even if you believe it is negligible that they will be in limbo for a...
  4. M

    Refco Account Security

    I use them as one of my back up accounts and for pit traded futures and I pulled the plug the day after the news hit (left a few $K in just to keep the account open). I agree with Brandon, not worried about losing my money but don't want to deal with it potentially being tied up and also by...
  5. M

    OSTK ceo

    Keep fighting the good fight FT, the way things are going you and Patrick will be having the last laugh as the hedgies re digging themselves a hole that is too deep to scramble out of. This last assault has me at close to break even as I hedged my 06 Calls with Oct puts. If this thing gets...
  6. M

    OSTK ceo

    If you read my posts on this thread you will see exactly how to semi legaly get around the whole naked shorting issue but it is fraught with great risk because essentially you end up being at the mercy of anyone who decides there is a great enough incentive to take it private and I think that...
  7. M

    Take a look at COGL

    Market falls, oils falls, COGL puts in a decent performance with decent volume.
  8. M

    OSTK ceo

    Well said RBoy! I'm sticking to my guns on OSTK as it seems obvious to me that the side with the strongest hand here is the company and its shareholders. Going to look at INGN too, thanks Chaos.
  9. M

    CME to list housing futures

    Can only exacerbate any potential decline as you are introducing even more leverage in to an already dangerously leveraged market. Great for traders and corporate investors, probably not very good for the residential home owner.
  10. M

    Best country to keep your money?

    Yeah, and Russian bonds paid 25% and all the hot money was parked there until they defaulted/devalued and the traders all lost their jobs (many houses closed their doors on emerging markets bond operations after that debacle). Same thing with argentina etc etc. They are paying for...
  11. M

    Take a look at COGL

    Its moving on decent volume, might be a case of buy the rumor sell the news, then maybe keep a few shares in case they hit.
  12. M

    What color is Gold? (questions)

    Long @423 and loving this, don't know about $500 but if it goes there this will be a banner year.
  13. M

    Best place to live in the USA

    I have lived all over the US and love Boston (old burbs like Winchester, Lexington, Belmont, Nahant, Marblehead). Small city feel but with the amenities and schools of sophisticated metropolis. Ocean within half and hour and mountains within a couple of hours. Major airport, great medical care...
  14. M

    housing crash

    http://www.nhc.org/chp/p2p/one_msa_display.php Fully 28% of U.S. consumers "have no spare cash" and live paycheck to paycheck. http://custom.marketwatch.com/custom/iwon-com/news-story.asp?guid={88C45361-24C8-40E3-A6B7-08E5E5EEB30D} Anyone know if that 28% is historically high or in...
  15. M

    OSTK ceo

    Doesn't seem to fit the facts or the way it has been trading on Level 2 and I have been watching it for the last few weeks now) but I suppose its possible. I look at who has the most power here and it is clearly the Byrnes, they have a huge stock position, have enough family funds to take it...
  16. M

    OSTK ceo

    What about this scenario: Byrne and insiders keep buying on open market and naked sellers keep selling to them. They keep buying until they have bought as much as they can without raising prices. Then when they own float + X naked sales they take the co private at whatever they want. Now because...
  17. M

    Middle class revolt

    What might send people over the edge is when masses of American's have to declare BK because health care is getting more expenisve and yet people are losing their benefits (medical costs being a large precipitator of BK), and then they realize that they are going to be indentured for the rest of...
  18. M

    OSTK ceo

    Fly I appreciate all your postings but something just does not add up with the float & #'s Byrnes is putting out and the action in the stock (especially those days when he and his Dad bought some $20M of stock, who was selling? Naked shorts?) I am long hundreds of Calls but the one thing that...
  19. M

    housing crash

    I have been bearish on housing for a while and sold all my RE in the last 2 years and am renting in Boston right now (3M property for 6K a month, doesn't make sense not to rent) but I think that prices are not coming down until people in 30 year mort.s realize that they won't be able to afford...
  20. M

    OSTK ceo

    You may be right, it was bid at $40 AH Friday with the ask at $42 so who knows as I am not sure if the news was widely known by then. Probably will be some downgrades though. I think it may move in to the mid 30's before it heads higher. At some point I think it will run , maybe on holiday...
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