Passport Capital as of Dec.31 had a huge position in the X calls about $200,000,000.00 according to SEC 13F Filing.
I think its overbought just as Mechel is too...
Today is a good short entry over the next 3-4 weeks.
Taibbi's new article in the Rolling Stone describes just that.
It' a Dirty little secret the U.S Government doesn't want to be reported given that people are earning .50% in their money market while banks are earning 4% courtesy bailout money.
O'shah was smart enough to leave Bear Stearns before it tanked...
But ya, I agree, they put a moron on there indefinitely (talking heads on the shows) but the real smart guys tend to get boxed into a corner every time (tell us what you are bullish about right now) - even if a guy is net...
Karl, don't tell me you're drinking the CNBC koolaid?
It shows you the state of America when a smart guy with a view about all things economic has to write for Rolling Stone because the mainstream press has whored themselves out so long for the brokerages, and for the sake of leading sheep to...
On his site:
Three Months Live Trading: $1497
(in pink of course!)
Not a single pdf, image, excel spreadsheet.
You might as well ask a hooker her view on "candlesticks"
There are a few books on it - Ryan Jones comes to mind, though I wouldn't recommend it.
The hard part is to find backtesting software that enables pyramiding (i.e multiple contracts at different prices)
A software called trading blox does allows this.
http://www.tradingblox.com/...
Also see Traders, Guns & money -
http://www.amazon.com/Traders-Guns-Money-unknowns-derivatives/dp/0273704745
There are stories about several investment banks selling currency derivatives some with names like "I &*$k You" named because of the objective of the bank on the customer...
Hi Breen, great comments...
Is there any particular book(s) you'd recommend for a good relevant analysis of money supply - > economic effects / relations?
Thanks
thats an awesome idea!
What if we Democratized the student loan origination system too, so that people can go long or short the entire career path via the student loans...
Mind you given the typical markets propensity for bubbles in both directions, it may not add value...
Then you...