wndysrf Posted December 2, 2004 Report Share Posted December 2, 2004 Im off to Hawaii tomorrow for 10 days...... Closed all trading positions........... I'll be checking in periodically For now, I'll leave you with a story about Alan Greenspan: .............................. - Made huge bets on the market. - When things went the wrong way, he doubled down. - Borrowed a huge amount of money from "outside sources" to keep the charade going. - Eventually went bust, taking down a largest hedge fund on the planet, wiping out unheard of billions of dollars. - Has an affair with Asian Exotica - Wife leaves him - Sent to prison. - Gets Colon Cancer. - Tries to write a book to make some small coin to survive. Soup would like to hear this story play out in real time. But its really the story of Nick Leeson... Will Greenscum end up the same? "By December 94 the red ink hidden in account 88888 totalled $512 million. Getting increasingly desperate Leeson bet that the Nikkei index would not drop below 19,000 points. At the time this seemed reasonable as the Japanese economy was rebounding after a 30-month recession. Then on the 17th January 1995, a devastating earthquake measuring 7.2 hit the Japanese city of Kobe. The previously stable Nikkei index plummeted by 7% in a week. As the losses grew, Leeson requested extra funds to continue trading, hoping to extricate himself from the mess by more deals. Leeson was counting that there would be a post quake rebound and the Nikki would stabilise at 19,000. There was no hedges, no bets the other way to protect Barings' huge exposures. There was no rebound. Over three months he bought more than 20,000 futures contracts worth about $180,000 each in a vain attempt to move the market. Some three quarters of the $1.3 billion he lost Barrings resulted from these trades. When Barings executives discovered what had happened, they informed the Bank of England that Barings was effectively bust." Leeson Story Link to comment Share on other sites More sharing options...
Jimi Posted December 2, 2004 Report Share Posted December 2, 2004 Enjoy yourself. Oh. And bring back plenty of lovely avatars.... Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2004 Report Share Posted December 2, 2004 Vaxgen Link to comment Share on other sites More sharing options...
BeerMarket Posted December 2, 2004 Report Share Posted December 2, 2004 DJ US Panel:Insufficient Data On Long-Term Use Of Sex Patch Link to comment Share on other sites More sharing options...
longOnUranus Posted December 2, 2004 Report Share Posted December 2, 2004 Mr. Google (Senator says...) "Why is your business model the public's problem?" Answer "In recent months, Google has become increasingly vocal about the problem. In regulatory filings made before its August initial public offering, the company reported that it has regularly paid refunds related to fraudulent clicks. " Link to comment Share on other sites More sharing options...
Sudaca Posted December 2, 2004 Report Share Posted December 2, 2004 DJ US Panel:Insufficient Data On Long-Term Use Of Sex Patch <{POST_SNAPBACK}> You're telling me there's a patch that helps one quit sex ? I declare myself an addict, but it's not a habit I want to quit anytime soon. Imagine that. You put on the patch, and every time you get a hard-on, you puke. Link to comment Share on other sites More sharing options...
BeerMarket Posted December 2, 2004 Report Share Posted December 2, 2004 semis moving up ah intc raises rev to 9.3-9.5B from 8.6-9.2 Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted December 2, 2004 Report Share Posted December 2, 2004 the intc boner has begun Link to comment Share on other sites More sharing options...
Bearman Posted December 2, 2004 Report Share Posted December 2, 2004 ***BREAKING NEWS*** Trans did not close @ another yrly high whats wrong? Oh My Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2004 Report Share Posted December 2, 2004 Mr. Google (Senator says...) "Why is your business model the public's problem?" Answer "In recent months, Google has become increasingly vocal about the problem. In regulatory filings made before its August initial public offering, the company reported that it has regularly paid refunds related to fraudulent clicks. " <{POST_SNAPBACK}> Will they also pay refunds related to a fraudulent IPO? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 2, 2004 Report Share Posted December 2, 2004 NEM & the Miners Looks like a normal pullback just like the last few times...now if 45 gets taken out then that would be a different story.. Link to comment Share on other sites More sharing options...
soup Posted December 2, 2004 Report Share Posted December 2, 2004 intc is lying thru their teeth. NOthing new I guess Link to comment Share on other sites More sharing options...
Bearman Posted December 2, 2004 Report Share Posted December 2, 2004 ebay 117.43 up 3.50 WTF tulips are back Link to comment Share on other sites More sharing options...
soup Posted December 2, 2004 Report Share Posted December 2, 2004 intc is very, very sick. I do not think the stock can hold its gains overnight, but in this mad , mad world who knows? will buy april puts if it holds up here in the morning Link to comment Share on other sites More sharing options...
soup Posted December 2, 2004 Report Share Posted December 2, 2004 Umm, how about this little issue of massive inventory overhang gentleman? Hello? Did they dissconect me from the call? Link to comment Share on other sites More sharing options...
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