The Surf Report--part 2

Very nice! So these are examples of what you would consider making money and not 'creating wealth', correct?

TIA

Quote from marketsurfer:

<b> Who Made What </b>


International Paper (IP) made a $3.3 Billion hostile bid for Temple-Inland and Temple-Inland (TIN) went up 40%. Several hedge funds were betting on paper companies earlier this year after Rock-Tenn (RKT) announced to acquire Smurfit-Stone Container (SSCC). Here are the hedge funds that made a bundle on their Temple-Inland bets:

1. Doug Silverman – Senator Investment Group: Made $44 Million

2. Jeffrey Altman – Owl Creek Asset Management: Made $25 Million

3. Ron Gutfleish – Elm Ridge Capital: Made $23 Million

4. David Tepper – Appaloosa Management: Made $11 Million

5. William Michaelcheck – Mariner Investment Group: Made $8 Million

6. Mark Kingdon – Kingdon Capital Management: Made $6.4 Million

7. Chuck Royce – Royce & Associates: Made $6 Million

8. Clint Carlson – Carlson Capital: Made $5.6 Million



:D:cool:
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Quote from EPrado:

Yeah...I miss old/real hockey. These days it's like watching Ice Capades.

I started losing interest after the strike yrs ago....and have completely lost interest the last few yrs.

Give the days of Nick Fotiu, Bobby Nystrom, Clark Gillies,Dave Schultz, Bob Kelly.
Hell...The Islanders goalie, Billy Smith, was tougher than 99 % of the guys in the league now.
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I miss the old stuff too. So much that I started a thread for such fisticuffs. Enjoy http://www.elitetrader.com/vb/showthread.php?s=&threadid=222471
 
Quote from Fireplace:

Very nice! So these are examples of what you would consider making money and not 'creating wealth', correct?

TIA
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An example of making (creating) money not earning money.

No clue about the wealth part, some of these guys I am sure make these numbers monthly, so I guess its relative.

Surf
 
Quote from marketsurfer:

...I place the odds at 92% of a down close tuesday
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If you think you can predict direction with that kind of specificity, 92%, then you are well and truly clueless. You don't even know what you don't know, do you? How did you arrive at 92% and not at, say, 91% or 93%?
 
Quote from Gabfly1:

If you think you can predict direction with that kind of specificity, 92%, then you are well and truly clueless. You don't even know what you don't know, do you?
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Based on my system, that's what the odds are right now for tomorrow to close negative.

This is not taking into account any positive black swan type events and is based on price drivers not price itself. For example, one of the metrics taken into consideration was the first day of fed meeting--- what has happened in the past over the years...With similar surrounding events.
 
LOL...and you give ME a hard time for being vague! Hilarious!

Quote from marketsurfer:

--- what has happened in the past over the years...With similar surrounding events.
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Hmmm, I thought your distinction was between making money vs 'creating wealth'..."creating money" sounds more like what the FED does.
:D

Quote from marketsurfer:

An example of making (creating) money not earning money.

No clue about the wealth part, some of these guys I am sure make these numbers monthly, so I guess its relative.

Surf
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Quote from marketsurfer:

Based on my system, that's what the odds are right now for tomorrow to close negative.

This is not taking into account any positive black swan type events and is based on price drivers not price itself. For example, one of the metrics taken into consideration was the first day of fed meeting--- what has happened in the past over the years...With similar surrounding events.
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And you're going to assume a probability with such numeric specificity? No, not 91% or 93%, but 92%. Come on, you realize you're doing stand up, right?
 
Quote from Fireplace:

Eh, no thanks...journals are for either noobs looking to document their progress/receive help OR stealth vendors looking to build a track record and then sell a product. Hence, not for me thank you. :)
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They are also for journal ists.

What is your function and/or purpose then? I am certain several of the more respected professional traders on this site would be humored by your opinion and excuse for avoiding making any real time calls.

Don't you believe noobs could benefit from your journal? I know you claimed you were here to help noobs like a good vendor, or future vendor to be.
 
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