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Endless happy prints


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Posted

Have a great holiday weekend! I'll be checking in from time to time from the road. Don't be surprised if there are very few posts this weekend. Labor Day weekend is among the quietest periods of the year.

Posted

Doc, stop in if you get out our way. I front ran the Obrother stimulus plan and now have a bunch of KBH sept12 calls and a fine new chakteau.

 

 

L1_shack.jpg

 

 

It should all be bringing in munnie by Thursday.

Posted

Obama and...

 

Efffin'...

 

VOLKER!!!

 

...the prick who pulled out of his ASS 20% interest rates?

 

...eff him if he can't trade his ASS out of a hole in the ground!

 

Prop trading desks have been around for...like...FOREVER!

 

...at least since the days of Rubin et al. So who the hell was Volker? Eff him...some prick who created a virtual non-lending environment and my first mrotgouge was 15% and happy to pay even that then in the eighties?

 

...the pendulum swings too far!

Posted

The ramifications ARE JUST TOO HUGE!

 

Without prop desks inadvertantly contributing to the oscillations of price, creating the movements in the charts and some beta as a by-product, dead flat markets from lack of participants are no solution to anything.

Posted

The ramifications ARE JUST TOO HUGE!

 

Without prop desks inadvertantly contributing to the oscillations of price, creating the movements in the charts and some beta as a by-product, dead flat markets from lack of participants are no solution to anything.

 

They could be more dangerous flying under the radar with a back stage pass. The pigmen will never go away.

Posted

probably nobody in the stoolie world cares except maybe Dharma

 

but i'm going junior shopping this weekend

 

here's my list to whittle down:

 

Gold: GBRRF,SGRCF,ALIAF,OCANF,GUYFF,BGLPF,DPMLF,STADF,RRFFF,ANMCF,IAUFF,LACHF,MNEAF,WDOFF,MRZLF,

Silv: HRIVF,BCEKF,CEPKF,IAUFF,OKOFF,MISVF,ESPZF,ISVLF,STVZF,EXLLF,FVITF

 

WHATEVER YOU DO DO YOUR OWN DO DOOLIGENCE

 

PS: AlreadY own

 

Gold: GG,SA,EGO,NGD,NG,GSS,AZK,NXG,RBY,FRG,CGR,CGC

Silv: SSRI,SVM,MVG,

 

I care. Yo. Issues I especially like are CHPGF, TMGOF, SNDXF/SNXXF (2014 warrants on SNDXF), and TEUTF (blue sky speculative, huge landholder in BC's Golden Triangle).

Posted

Obama and...

 

Efffin'...

 

VOLKER!!!

 

...the prick who pulled out of his ASS 20% interest rates?

 

...eff him if he can't trade his ASS out of a hole in the ground!

 

Prop trading desks have been around for...like...FOREVER!

 

...at least since the days of Rubin et al. So who the hell was Volker? Eff him...some prick who created a virtual non-lending environment and my first mrotgouge was 15% and happy to pay even that then in the eighties?

 

...the pendulum swings too far!

 

IMO there should be no bots, and no trading by "banks". If you want to be an honest bank, then act like one. If you want to trade, then be a trading house. They shouldn't be allowed to be combined.

Posted

yeah...at arm length...wink, wink, nod, nod, oink, oink,

 

...sittin' in Bermuda or the Camans or Uraguay or Lichmybagennstein over in Yourope...with a private underwater fiber optic line direct to HQ Mothership.

 

I can just see the White Shoes shufflin' past the NYSE and staring derogatively at the poor downtroddin' wrinkled ex-traders after their Dole ran out...selling pencils, apples and Christmas trees to the very few well-heeled left in Manhattan.

 

One White Shoe shuffles around the corner and spots an old friend, carrying a squeegee in his knarled arthritic hand. Their eyes briefly lock together. The White Shoe, pausing, trying to not have to acknowledge his old friend, eventually pries his lips open and says...

 

"...see. If you spoke Lichmybaggen...and had a passport...you'd still have a job...maybe"

 

:blink:

 

...while there are attractive side-effects, see above...the idea of collecting 5 cents of premium on a call or put write six months out does no good either. :blink:

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