MUST...SELL...MORE...WATCHES...

377OHMS · Jan 26, 2009

Quote from marketsurfer:

rolex, or texas timex as those in the KNOW refer to them, is a great watch. but far too common for what i am talking about...

surf

Hmm. I have a 1933 Rolex Masonic tank. I have only seen one other. Not exactly falling from trees.

I like the old stuff <shrug>.

Thunderdog · Jan 26, 2009

Quote from Rearden Metal:

<i>it was targeted for the winners and /or high salary institurional trader types</i>

--->Plus one more category: Broke-ass big dreamers. There's nothing wrong with that- I used to be one...

I suppose the downside for the magazine is that the "broke-ass big dreamer" contingent didn't contribute much in the way of revenues for the advertisers. (To the extent that such things can actually be quantified.)

marketsurfer · Jan 26, 2009

Quote from Clubber Lang:

Not a fan of Patek either. Look like stuff my grandfather wore.

More like this--

http://www.audemarspiguet.com/

Royal Oak Offshore

oh yeah. never expected to agree with you on anything, but totally agree here--not a fan of Patek, but the Royal Oak is a great watch.

surf

marketsurfer · Jan 26, 2009

Quote from 377OHMS:

Hmm. I have a 1933 Rolex Masonic tank. I have only seen one other. Not exactly falling from trees.

I like the old stuff <shrug>.

no doubt.

vintage is awesome, my comment was directed toward the newer 1970's forward rolex models.

surf

kinggyppo · Jan 26, 2009

http://www.forbes.com/2008/02/28/rolex-collections-watches-forbeslife-time08-cx_nr_0229watch.html

for the posers

Bond Trader · Jan 26, 2009

Quote from marketsurfer:

just like 1929 and 1987--- the cycle repeats but is getting tighter and faster.

these expensive things are not always conspicuous consumption----more like signs to others in the same group of belonging and being in the KNOW. A Patek Phillipe watch fits this description to a tee, as most man on the street types have no clue what it is. not gaudy or conspicuous in the least.

unlike a diamond encrusted rolex-- sophisticated wealthy people simply do not buy things conspicuous like that-- but they will by a Patek for its stealth wealth status.

hope this makes sense.

surf

I prefer Vacheron to Patek

cubsguy81 · Jan 26, 2009

Quote from Anaconda:

Try to at least be somewhat objective in your statements.

If they are successful traders, then the volatility due to the financial crisis is generating tremendous profits, hence more cash to spend. But then, those traders are usually frugal and don't waste money on overpriced luxury items.

Trader Monthly catered to the yuppie institutional trader demographic. Guys that simply had high paying positions, but never realized why it even existed, deluding themselves that they were special. Hence, overleveraged, spent more than they earned, thought they were all that and did not realize the value of money. Once the mortgage derivative scam was up, they were out the door, with no new high paying position to grab and no skills to make money, let alone trade.

I don't consider that successful traders, or even successful at all. More like fools who were lucky enough to get together with money in the first place. We all know the rest.

I'm glad I am not the only one that is gleeful and delighted that these firms crashed and burned. The pleasure I got helping short Lehman and Bear out of existance is far more than any watch or over priced material status item could give me. These shleps will have to take retail banking jobs or become ameriprise financial advisors now.

I don't miss the dbag analysts or hot shot guys that moved to the "big city" from Michigan or Ohio and got their ass handed to them that are no longer on the L each morning.

Cygnus Atratus · Jan 26, 2009

Quote from cubsguy81:

I'm glad I am not the only one that is gleeful and delighted that these firms crashed and burned. The pleasure I got helping short Lehman and Bear out of existance is far more than any watch or over priced material status item could give me. These shleps will have to take retail banking jobs or become ameriprise financial advisors now.

I don't miss the dbag analysts or hot shot guys that moved to the "big city" from Michigan or Ohio and got their ass handed to them that are no longer on the L each morning.

Well put, LEHMAN was great, l did my shorts via a UK broker and remember distinctly hearing the Cockney chap swallowing when l closed the trade for a nice sum, well plus an ex girlfriend (Caroline Fl_ _ y) used to work there - bitch, l hope she got the ferry back to fuckin Ireland and help them grow bloody potatoes, bitch

marketsurfer · Jan 26, 2009

Quote from Bond Trader:

I prefer Vacheron to Patek

yeah, i never understood the appeal of patek. the entire 3rd floor above tiffanys on 5th in NYC is dedicated to the brand--people love it and pay dearly for the name.

a friend has vacheron's overseas. nice watch~

Kaempferrand · Jan 28, 2009

Trader Monthly is a pretty good mag especially the Johnny Chan articles like many have stated. It is the advertisements that I find to be riduculous.

The folks I know who trade at the prop shops who put their OWN money on the line everyday wouldn't be plunking down on these items advertised. Yet the folks I know who trade other people's money and made some major change for the past few years would more than likely to dish out for say $30,000 watch come bonus time.