Search results

  1. B

    Tough times ahead for daytraders

    I had my best month in 10 years by a factor of 2.5 over my previous best month. everyone I know did extremely well. However, i agree that a declining market will lead to lower volume ,w ealth contraction, and great difficulty making profits. I think thta's the ultimate outcome, so you...
  2. B

    Why the controversy? Jack Hershey SCT system works just fine.

    This seems a very popular thread. It's almost like a running ad. How much $ are people making with this? Anybody care to offer their P&L? or tell me if it's been posted elsewhere?
  3. B

    Wachovia--is it still halted or trading OTCBB

    ??
  4. B

    Countrywide preferred anomaly

    The Countrywide 6.25% preferred is trading above the 8.05% (symbol CPP) Both are backed by CFC jr subordinated debentures. Looks to me like it's just the small size of the issue. What's interesting is that the 8.05% underlying jr sub debentures last traded at 80-82, whereas CPP last...
  5. B

    3 Black Swans

    When I win the Megamillions lottery I plan to write books and charge $100,000 for lectures to professional slot-playing groups regarding outlier events and I, too, will be deemed an expert
  6. B

    PPT my arse

    Re: Bush gave away PPT $ to the multimillionaires: Hmmm... I am a multimillionaire but I failed to receive my extra millions from Bush. Can some other millionaire (oops...multi millionaires only) please cc me regarding wiring instructions so I can get my extra cash? Or...is this just...
  7. B

    SEC asset freeze of North American Clearing, Inc.

    You are insured by SIPC up to 500k, $100k of which may be cash....money market funds are considered securities, not cash.
  8. B

    OK, I Quit. Trading is Too Tough for Me

    OK...but if you DO quit.............can I have all your stuff?
  9. B

    I kid you not, I am buying some land

    My godfather said , "God isn't making any more land." He neglected to realize arab shieks are..Palm Island for one.
  10. B

    Pierre Omidyar's house

    31 bedrooms, 36 bathrooms, a mere 48,000 + square feet. Somehow I think the Zestimate of 700k is off a tad...
  11. B

    Gas $5 dollar gallon and $150 oil soon

    Everything is 100% bullish 100% of the time if you are Larry Kudlow. I think he would find even global nuclear war bullish. In the 90's Kudlow resigned from Bear Stearns because of alcohol and cocaine abuse.He then converted from Judaism to Catholicism. I think all that is REALLY bullish...
  12. B

    CD's are maturing. Looking for steady managed accounts...

    Stereo, You are misinterpreting my comments and are simply incorrect. I will bet you have never read a prospectus on an ARS. I did not say auctions are not failing. I said you can stay away from those that WILL fail because those are auctions that have low reset rates. I do not have a...
  13. B

    CD's are maturing. Looking for steady managed accounts...

    Try Fidelity, but any full service broker has 'em. Commish is paid by the issuer. My point is these things used to yield slightly more than MMF's but now they are (on a taxable equivalent basis ) paying a lot more than a long-term CD--with weekly liquidity
  14. B

    CD's are maturing. Looking for steady managed accounts...

    I have three words: Auction Rate Municipals As long as they last (prob 4-6 mos) they are the closest thing to free alpha I have seen in many years. You have weekly to monthly liquidity, highly-rated securities, and a 4%-15% tax free return. ARS have been in the news because of some...
  15. B

    P&L since beginnning trading

    The maximum rate is 35%
  16. B

    Trader Status pitfalls for taxes.

    I think you can carry back the loss against ordinary income from previous years but you shoud check this
  17. B

    P&L since beginnning trading

    I have adapted my strategies over the years and went from trading M&A with leverage to taking some large positions in front of size in the specialist book (on pre and post market moves due to news ), to arb'ing debt securities. I haven't done anything new or even kept up with all the black and...
  18. B

    Tuco not an anomaly

    As I have posted before, I tend to check things out with a securities lawyer before getting involved. I was advised more than a year ago by an attorney who used to work in Enforcement that companies ( like Tuco--just as an example) were operating as unregistered b/d's and that I should not...
  19. B

    Trader w/ a felony coviction

    Dre, seriously, what you need is not just any attorney. You need one specializing in Enforcement issues, one who has worked in SEC or NASD Enforcement . You will find these atttorneys in Washington , NYC, and Chicago almost exclusively. Expect to pay $500 per hour , but I would bet they can give...
Back
Top