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  1. S

    I cant believe I got suckered into going long GOOG today-that was the WORST earnings

    Truly terrible: http://finance.yahoo.com/news/Google-1Q-profit-rises-37-pct-apf-4192177205.html?x=0&sec=topStories&pos=main&asset=&ccode= .. first-quarter profit rose 37 percent .. .. Revenue climbed 23 percent .. .. topped the average estimate .. They should be ashamed of themselves...
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    Pilots making $10/hr???? You gotta be kidding me

    As a computer programmer by profession I have worked with some incredible geniuses and some astounding morons, both directly and as contractors. I can honestly say that a pilot-less airplane controlled by computer with no human that can override instantly at a critical juncture scares the hell...
  3. S

    Fear of quitting day job...

    There are too many syllables in your haiku.
  4. S

    Chinas GDP grows 11.9%!!!!!!!

    Do we have any ET members on the ground in China that can look around and give us the pulse of the people? How things look on a microcosmic level?
  5. S

    Banking execs skeptical on mortgage reductions

    http://finance.yahoo.com/news/Banking-execs-skeptical-on-apf-3551790565.html?x=0&sec=topStories&pos=main&asset=&ccode= From the article: ---- The executives told lawmakers on Tuesday they are reducing the amount that troubled borrowers owe on their home loans only in limited cases. That's...
  6. S

    FDIC set to charge riskier banks more money

    Large, risky financial institutions will now game the FDIC's methodology instead of gaming credit rating agencies. Here's a shocking prediction; if passed, in about a decade a large bank will fail, require a bailout, and leave the economists sitting around scratching their heads saying "There...
  7. S

    Back testing futures

    wat I taught myself how to backtest futures systems in closer to 5-10 minutes, and for free. I haven't come up with a winning strategy yet, but the backtesting is the easy and cheap part. Forward testing live is when it gets expensive.
  8. S

    "The only way to trade with Fibonaccis" journal

    Dude, in your condition you need to just relax, sleep around (wrap that rascal), watch the game, have a few beers. Let us handle the heavy lifting, math-wise. :D 10+20+30+40+50+60+70+80+90 = 450 / 9 = 50 33.33+50+66.66 = 149.99 / 3 = 50 And no, I don't remember... ?
  9. S

    Hey shorts, I just want to ask you a couple questions. I promise I won't laugh..

    So no one wants to talk about their short positions? Either you are embarrassed to admit you've had to sell kidneys to roll forward your shorts over the last year, or you aren't actually short at all because you agree with me. Trying to call the top in this market from now till elections...
  10. S

    I went long puts.

    If you ran the numbers and are happy with the equity curve, good enough. Buying options usually means you anticipate a bigger than expected move, or you have some ulterior motive, like needing to hold on for cap gains reasons. If you bought puts to protect against the normal drift in...
  11. S

    Hey shorts, I just want to ask you a couple questions. I promise I won't laugh..

    Ok, I will engage. Please answer these questions if you will: How did your portfolio do after the mid-june and mid-jan dips? Did you pile on the short positions? How'd that work out? What short positions do you have? How long have you had them? By percentage, how much are they...
  12. S

    Hey shorts, I just want to ask you a couple questions. I promise I won't laugh..

    I lied! 11k! WTF are you guys thinking??!??!!???
  13. S

    "The only way to trade with Fibonaccis" journal

    Ouch, had the same thing happen to me about a decade ago. Hurts for a little while, fogs up your thinking for much longer. All the advice I have is don't do anything you can't easily undo. Don't blow your life savings (I did that), don't burn bridges with the rest of the people you know esp...
  14. S

    Why I love Obama

    Arpanet benefitted a very small number of researchers at the expense of an expanded defense budget. It wasn't until it was released to private industry that we the people got to have any fun on the internet. I think NASA is a worthwile program, but not because in the course of space...
  15. S

    Why I love Obama

    misterno, I have one question for you: Can you point to one initiative by the federal gov't that has provided a service and not raised taxes?
  16. S

    States target payday lenders and their high rates

    When it's no longer profitable. I think the best we can do is to make sure that any financial mess is compartmentalized. Basically, I don't care what you do to screw yourself, as long as your problems don't spill over and cause me grief.
  17. S

    States target payday lenders and their high rates

    Well said Robert. Don't forget that there have always been high-rate loans available to high-risk borrowers; pawnbrokers and loansharks.
  18. S

    Common mistakes of Investors

    Trusting experts. Expert mutual fund heads consistently fail to beat the market. Buy a system from an "expert" and watch it fizzle. Expert economists have no idea how to prevent a recession or get us out of one. The real experts, the ones that make money year after year, aren't talking. Or...
  19. S

    What is the name of this position?

    It's a "drcha whammy". You invented it, you get it named after you.
  20. S

    how many elitetrader names do you have?

    I have two; this one and Dorfin0.
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