Comments on: Friday’s Trading – 12/11/09

By: K

Sun, 13 Dec 2009 18:01:02 +0000

Dec. 13 (Bloomberg) — Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show.

http://www.bloomberg.com/apps/news?pid=20601091&sid=atlK_E9kZ8UE

By: K

Sun, 13 Dec 2009 17:13:02 +0000

Paula,
I agree with you. are you implying that for the fund to have S&P exposure i should buy OEF instead of SPY (OEF is ETF for OEX)

it’s twice as cheap and in terms of an index that’s good.
hmm very interesting they are both exactly correlated and for half the price.
George, take note of that hehehe better scalping = more shares at lower price. oopps that goes back to 2thfixr’s quote

Mitch,
Thanks!! I’ll do the best I can without getting a bonus. hehehe

Julie,
I didn’t need reports to tell me that. Of course real vitamins are 1000% more effective but in industrialized world where every product is preprocessed there is no real vitamin. the few foods that you might think have real vitamin might have been modified to grow faster and have less of the natural vitamin. Just sayin but I agree with you. Missin home country, hope farmers still grow the real thing 10 years from now (i doubt it)

By: Larry

Larry — Sun, 13 Dec 2009 15:43:41 +0000

Vietnam unwinds stimulus

http://www.ft.com/cms/s/0/cb3a2922-df26-11de-be8e-00144feab49a.html

By: George

George — Sun, 13 Dec 2009 15:32:26 +0000

2thfixr sez: “Heck, once you break more than a few thousand shares, getting in and out can get complicated.”

You got that right!

By: Mitch

Mitch — Sun, 13 Dec 2009 15:09:37 +0000

Congratulations on your new post with the school fund. A quote may be in order – “it’s not what you trade but how you trade it.” I’ll modify it to “know what you are trading so you’ll know how to trade it.

Before you ok the spending of a dime of the fund know exactly what you are buying – take nothing for granted.

By: Larry

Larry — Sun, 13 Dec 2009 14:07:42 +0000

Yerk. The crisis is indeed history. Back in Oslo, the whole financial community has finally turned 100% bullish again (bar the two usual perma-bears). Predictions of doubling of the index from here on are popping up. Same guys who lost their shirt last year.

The crisis is history. Here in Asia all I see is a flattening in exports 25% below peak. Same flattening in domestic consumption. So where will the growth come from?

20 Short

By: Yerk

Yerk — Sun, 13 Dec 2009 09:26:39 +0000

Larry, you see copper storage levels are correlated with copper price. There was an anomaly in ’08. All is fine, nothing to see here. PB head of a international bank told a good friend stock prices will soar in ’10. The crisis is history.

By: Julie

Julie — Sun, 13 Dec 2009 08:03:37 +0000

K,
Reports claim the real food vitamins are
10 times more effective than synthetic
vitamins. I’m going to run a test to see
if that is true or not. I’m on synthetic
vitamin C now for 6 weeks…will then
have a blood test and switch to real
vitamin C for 6 weeks.
Tried to run the test on Paula, but she
turned me down…said no amount of
money could make her take more blood
tests than our heart doctor called for.

By: paula

paula — Sun, 13 Dec 2009 07:48:15 +0000

K,
I will probably get killed by everyone on this
BLOG, but I don’t like the SPY. The SPY is
an ETF and has 1/10 th the leverage of SPX
puts and calls. I like the OEX. It has about
1/2 of the leverage that the SPX has. Deep
in the money SPX calls and puts move about
$100 for every SPX point…deep in the money
OEX puts and calls move about $50 for every
SPX point. And if you day trade, you should
take a close look at the S&P 500 e-mini…it
moves $50 for every S&P 500 point and
many brokers only require $500 margin…but
you must close your position X number of
minutes prior to market close at 4PM. At
the money SPX and OEX calls and puts have
lower leverage…but beat the SPY. When
you have time I suggest you visit …cboe.com…
and take a full tour of the site. The CBOE really
looks out for the small investor. Limit orders
under 10 go into the automated system and
get a fill when hit. Always use limit orders.

By: Larry

Larry — Sun, 13 Dec 2009 07:24:33 +0000

Check out the copper warehouse levels in London. That’s what I call a recovery.

http://www.kitcometals.com/charts/copper_historical_large.html#5years

20 Short