Search results

OK. I am not trying to be argumentative but if not from a fashion standpoint how did you intend it. I'm curious ... not offended.

Most people keep the SN they have rather than consider it a fashion accessory,

Anyone reading this thread knows I have expressed the consistent opinion that BP's scale is such that their ability to withstand enormous losses on this disaster would not even wipe out the equity of their US subsidiary. While that may still be true I have never seen management this tone deaf...

I am not a candidate for your group -- no tech skills or desire to obtain them. That said I am a profitable intraday trader and years ago my partner and I owned three small investment banks; each was a stand alone operation in NYC, London and Lugano, Switzerland but under common ownership...

Yes ... of course small market makers do it all the time but it is a very tricky game with two inherient problems: A) The line is very easy to cross in any conversation about what you want to accomplish leaving you open to either a manipulation charge or a conspiracy to manipulate or both...

It is the political meddling that makes this interesting. When BP cuts the dividend so Britain's Chancellor of the Exchequer can cut the deal for some consideration to be given to the ailing UK economy the stock reaches a bottom below economic value and reflects only the political reality. I...

Any filling would be under Chapter 11 and not 7. A first year law student could preserve 50% of value by offering an settlement that precludes protracted litigation and if you are represented by top counsel you'll do much better. In 11 the system itself gives debtors an amazing amount of...

DRY's business model (or at least the spot portion of it) evaporated in the financial crisis. BP earned over 20 billion last year and before extraordinary expenses related to the gulf will earn 15 to 20 billion this year. When (not "if" in my mind) they cut or eliminate the dividend (and I...

Love your VW voting vs non-voting comment in an earlier post. THE perfect example. Opportunity costs in the aggregate in life are real cost not hypothetical to me. I believe that the there will be one dividend cut (or elimination) and not a series of rolling cuts. If political pressure...

Given BP's partial success capturing a third or more of the flow (with a reasonable expectation of improvement from here) and the PA it is becoming clear that major players anticipate either a radical dividend reduction (more than 50%) or its elimination. If its eliminated the stock will...

OK ... what am I missing? How does that get you long?

While I agree that this will not take the company down the fact that so much of BP's fate could be decided in the quasi political arena makes the calculus much more difficult. This is not like the Exxon Valdez. The bankruptcy statutes were twisted like a pretzel in the Chrysler 11. The wall...

I think you mean buy calls or possibly sell puts.

A big cut - at least 50% - has been priced in but no one knows if an elimination of the payout is fully priced.

I am in general agreement with Arnie's outlook.

Is there a price that would compel you to pull the trigger and buy the stock?

The gold trade is a simple one. The world ALWAYS needs a reliable currency that can serve as a store of value. It is that confidence that it is AND WILL REMAIN a reliable store of value that allows it to be a medium of exchange that is so widely and readily accepted that taking it requires no...

Canada may well be the best managed country in the world. At the moment their politicians seem sane and the underpinnings of their economy are solid. Back that up with their natural resources abundance (including unpolluted fresh water!) and this is a long term prosperity equation.

How hard is it to learn that if you rep IB the ONLY answer to the question posed by the OP is: "I'll look into it and get to the bottom of it". Customer service is at least as much an attitude as anything else. Get with it ... traders observe how you treat traders.

Robert, The SIPC protection and their balance sheet will, I predict, keep you right where you are. Given the times we live in you are home already.