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Anyway, the monkey pushing buy market continues.

Did I really say I sold IDT? The pain. IN fact my mistake wasn't selling IDT, it was not getting back into the stock the next day. Here's what I must repeat to myself: Opportunity losses are not real losses, and there will always be more opportunities. But this was another case where I should...

This is a funny ad. http://www.ramiusreplication.com/content/ramius-dynamic-replication-fund/overview.asp "Therefore, in many fund of hedge funds, the weight of both beta components increases whereas the alpha diminishes. We believe the beta and timing parts of a portfolio’s returns can...

Are you german or expat? I was thinking about taking a vacation in Germany, but probably not Frankfurt (I hear it's not really a great spot for vacations).

This is my favorite bit of deep eastern wisdom: Be like the sun. http://www.youtube.com/watch?feature=player_embedded&v=W2yIkDVs0cA#t=126s

Here is IDT. Would expect better price action considering the high volume, got out. Also didn't like the gap up on Monday morning on SPY, suggesting that public is in FOMO mode. http://stockcharts.com/h-sc/ui?s=IDT&p=W&yr=1&mn=0&dy=0&id=p39897817268 Only current positions are TRT and...

Too much money and not enough friends is a dangerous combination.

Where did he think his employee got the info? There was really only one place to get that kind of info.

I thought it was interesting he would put 1/5 of his capital in one biotech stock.

http://www.vanityfair.com/business/2013/06/steve-cohen-insider-trading-case

IBKR has $12 of cash, so won't go much south of $12. The brokerage is probably worth $6 or $7, so shorting at $15-$16 might not be a winner.

http://www.valuewalk.com/2013/04/jim-chanos-china-the-edifice-complex-video/ chanos at wine country conference

The message of this chart is clear - more immigration.

Well, looks like I was wrong about FB, at least for now. Good thing I didn't have a position.

Step away from the computer . . .

Geez, treat this guest with a little respect. Don't immediately start slagging him. But he is probably better off starting his own thread. I certainly hope somebody will give Popper the scoop.

It's called projection: These Kochs are as ideologically dishonest as I and my liberal friends are, that's how I know what they're going to do.

Like ART, COWN is an asset management firm selling below cash. Cash and investments are at $3.75 roughly, and stock is at $2.56. The asset management business, with $8B of AUM, is worth at least $1.25. So $5. Most of investments are in prop capital, and earns quite high returns. There is a small...

They're both a kind of parimutuel betting. You're not betting against the house, you're betting that the other bettors are wrong, and you're betting against them. Of course, the stock market is not zero sum.

The rally has been a case of POMO FOMO