Search results

  1. bone

    XLE: Is It Totally Insane to SHORT it?

    1. shortie, all of my clients know that I trade just about every day - in fact, we talk about my positions quite a bit during webinar consultations. 2. The past two years, consulting for both individuals and firms accounted for about 25% of my net income. 3. Because you chose to take...
  2. bone

    State government employees are underpaid

    Complete Red Herring. The comparisons noted in the OP's thread article are complete journalistic subterfuge. The focus of the Wisconsin debate, and indeed the primary focus of the Wisconsin legislature, is regarding the public school teacher's union. Wisconsin public school teachers make...
  3. bone

    PowerShares DB Oil Fund(DBO): Rubish at tracking Crude oil price!

    Because many ETF's apparently are very poor proxies for the pure commodity play. Factor in the basket construction slippage and the management fees - and you get what you pay for...
  4. bone

    Spammer

    Forums ›› Main ›› Trading ›› Unique Opportunity FX
  5. bone

    XLE: Is It Totally Insane to SHORT it?

    No "if true" about it. Which one holds a trend better ? Which one keeps you in the trade longer without getting shaken out ? Which one is easier to read ? Which one is cheaper to capitalize and leverage ? Which one is more consistent, month in and month out ?
  6. bone

    Oil could hit $220 on MidEast, N Africa

    Nut, the only demand I refer to is 'real' demand as it relates to DOE weekly supply and demand inventory reports. They collect real PADD data.
  7. bone

    XLE: Is It Totally Insane to SHORT it?

    Last time crude got to $145ish, a couple DOE reports came out and showed that demand fell like a meteor from the heavens. The Summer driving season was non-existent and refineries were actually turning away supply and they almost stopped cracking gasoline. Several months later, we were...
  8. bone

    XLE: Is It Totally Insane to SHORT it?

    Shortie, I like your enthusiasm. I'm not going to completely break down a trade for you - my clients would be furious. I'll point you toward a path to enlightenment: SLB and APA both have greater than a 98% positive correlation to XLE.
  9. bone

    Oil could hit $220 on MidEast, N Africa

    You would want to fade it. Last time we got to $145 ish, the first couple DOE reports showed that demand fell like a meteor from the heavens - in a matter of several months we were trading at $35. The producers know all too well that demand is EXTREMELY price sensitive. Demand is not a...
  10. bone

    XLE: Is It Totally Insane to SHORT it?

    From the Hedge Fund Association, a white paper entitled: "Creating Alpha with Market Neutral Strategies" " Market neutral investing is perhaps the purest form of alpha as, by definition, it removes exposure to market direction and produces alpha through security selection. It usually involves...
  11. bone

    XLE: Is It Totally Insane to SHORT it?

    Lucias, your 'hunch' is predicated on the notion that a spread differential between two instruments behaves like a flat price instrument. They don't. In fact, that is the reason why pure portable alpha returns are typically generated using spread differentials or some type of properly...
  12. bone

    XLE: Is It Totally Insane to SHORT it?

    Maverick, shut up. Really. Shortie, pay no attention.
  13. bone

    Deep backwardation in T-Bonds?

    atticus, please post a chart. God knows you're better at it than I am. (seriously, if I do it, I'll show price instead of yield, and the scale will be wrong).
  14. bone

    why is it called "sweet" oil?

    I used to keep an office within Advantage futures in the CME building. I would hear guys in the elevators diss Nymex about how 'expensive' it was to trade in terms of commissions - I would chuckle to myself and endure the ride down knowing that I could make or lose more money trading a ten...
  15. bone

    why is it called "sweet" oil?

    Geopolitics, delivery rack space, and barge rates are big with that spread: to wit, 90% of Libyan Oil goes to Europe. Both WTI and Brent have terrible delivery mechanisms, they are defacto financial contracts with barely functional physical delivery aspects - arbing or spreading between the...
  16. bone

    Hypothetical question

    Local, please be assured that it would not be the first time that I hired someone smarter than I myself. Also, let me state for the record that I have paid out more for a trader working under my employment than I earned for the same year. Naturally, he trades his own account these days, but...
  17. bone

    Deep backwardation in T-Bonds?

    Martin, this is the price you pay for being the pre-emininent fixed income guru.
  18. bone

    Hypothetical question

    You have my PM, shooter. I have a FEIN account with the IRS and Illinois, my accountant does the payroll, but when I fire your ass I will contest your unemployment benefits request.
  19. bone

    XLE: Is It Totally Insane to SHORT it?

    Shortie, if anybody could do it, then punters like you wouldn't be starting these threads to begin with. Given the same amount of capital, and with me suffering far more slippage costs, I will be more consistent and NET profitable than you are making daily directional bets with XLE as a...
  20. bone

    Hypothetical question

    Without a salary ? Cheap cheap cheap. Hell, I'd hire those guys with my own capital. BTW, what is your "hypothetical" capitalization for an incoming trader ? Fair question.
Back
Top