I think we definitely go up to @ 16,000 and with the coming of the New Year, see signs of a major crack up in the financials, which have hardly scratched the surface of their losses...
I think we definitely go up to @ 16,000 and with the coming of the New Year, see signs of a major crack up in the financials, which have hardly scratched the surface of their losses...
Omnivision Tech (OVTI) keeps moving higher. Lots of short covering yet to be done and their business seems to really be on fire (basically best of breed chips and equipment for cell phone camera and video). Last report blew away expectations. Looking at that chart and the business I'm pretty confident it's headed toward old highs above $30. Now just above $24...
Omnivision Tech (OVTI) keeps moving higher. Lots of short covering yet to be done and their business seems to really be on fire (basically best of breed chips and equipment for cell phone camera and video). Last report blew away expectations. Looking at that chart and the business I'm pretty confident it's headed toward old highs above $30. Now just above $24...
good question. i wondered the same thing. i thought it was one trader. here's another question. is there anyway to actively see more than 1 bid at 1 time. like to see if someone is waiting at $10.10 with a huge bid or ask?
good question. i wondered the same thing. i thought it was one trader. here's another question. is there anyway to actively see more than 1 bid at 1 time. like to see if someone is waiting at $10.10 with a huge bid or ask?
If you have an acct at Ameritrade, open up your level II quote and look at a bid and ask compared to what you see on a basic quote..
The number you see is the summation of the different market makers or participants on the bid and ask..
Now my comment was that the number you see isnt the full figure some/most of the time..so looking at just that number might not tell you the whole sum on the bid or ask.
Actually fellas it isnt as simple as that.
If you have an acct at Ameritrade, open up your level II quote and look at a bid and ask compared to what you see on a basic quote..
The number you see is the summation of the different market makers or participants on the bid and ask..
Now my comment was that the number you see isnt the full figure some/most of the time..so looking at just that number might not tell you the whole sum on the bid or ask.
If you have an acct at Ameritrade, open up your level II quote and look at a bid and ask compared to what you see on a basic quote..
The number you see is the summation of the different market makers or participants on the bid and ask..
Now my comment was that the number you see isnt the full figure some/most of the time..so looking at just that number might not tell you the whole sum on the bid or ask.
you can also hide size or flash fake offers on the bid/offer as well
GSCO can put up a 1 meaning they want to buy 100 shares but really want to buy 100k shares and then are flashing 999 on the offer to try and spook people into selling to them
or they really want to sell and are showing the 1 on the bid to make people think they want to be a buyer
Level II is so much fun...i actually miss it
Quote Originally Posted by wallstreetcappers:
Actually fellas it isnt as simple as that.
If you have an acct at Ameritrade, open up your level II quote and look at a bid and ask compared to what you see on a basic quote..
The number you see is the summation of the different market makers or participants on the bid and ask..
Now my comment was that the number you see isnt the full figure some/most of the time..so looking at just that number might not tell you the whole sum on the bid or ask.
you can also hide size or flash fake offers on the bid/offer as well
GSCO can put up a 1 meaning they want to buy 100 shares but really want to buy 100k shares and then are flashing 999 on the offer to try and spook people into selling to them
or they really want to sell and are showing the 1 on the bid to make people think they want to be a buyer
Yeah, we used to call that "hiding size" which means they auto refresh, it is legal and annoying.
I remember the days when they would hold a stock until the pressure was so strong that when the auto-refresh was relinquished the stock would run 50 cents..
Koaj,
Yeah, we used to call that "hiding size" which means they auto refresh, it is legal and annoying.
I remember the days when they would hold a stock until the pressure was so strong that when the auto-refresh was relinquished the stock would run 50 cents..
Markets are capable of defying logic for years...tuipmania, the South Sea Bubble etc etc, you know the list. Underpinning most the anomalies is the notion that something "fundamental" has altered traditional evaluation methods. It's a "new era" the old laws of economics don't know how to adapt to "new realities" and all the other bullshit the dot com types trotted out (and the telecom tyoes as well) in more recent proclamations. Nonetheless, one cannot dismiss the possibility that true fundamental shifts in geo/econopolitics have not occurred, as they truly do...and as our country is proof of. So the logic is now that developing nations representing billions of newly (comparatively richer consumers) will alter the dominance of the American economy and the American consumer. And this is not to be dismissed. Even a debased dollar redounds to the benefit of American companies who get the bulk of their sales from outside the US. So, to me, although we have just scratched the surface of the credit consequences, and not solved them, the results of seeing a purely American swan dive is mitigated by serious strength of enormous numbers of newly minted consumers all craving to buy what we long ago took for granted. And of course it is a simple fact that the world has never had as much money in circulation in history.
Quote Originally Posted by KOAJ:
the market defies logic each day it climbs higher
i dont get it
Markets are capable of defying logic for years...tuipmania, the South Sea Bubble etc etc, you know the list. Underpinning most the anomalies is the notion that something "fundamental" has altered traditional evaluation methods. It's a "new era" the old laws of economics don't know how to adapt to "new realities" and all the other bullshit the dot com types trotted out (and the telecom tyoes as well) in more recent proclamations. Nonetheless, one cannot dismiss the possibility that true fundamental shifts in geo/econopolitics have not occurred, as they truly do...and as our country is proof of. So the logic is now that developing nations representing billions of newly (comparatively richer consumers) will alter the dominance of the American economy and the American consumer. And this is not to be dismissed. Even a debased dollar redounds to the benefit of American companies who get the bulk of their sales from outside the US. So, to me, although we have just scratched the surface of the credit consequences, and not solved them, the results of seeing a purely American swan dive is mitigated by serious strength of enormous numbers of newly minted consumers all craving to buy what we long ago took for granted. And of course it is a simple fact that the world has never had as much money in circulation in history.
Last time I quote from the book I just finished, The Black Swan by Taleb (great read, really;he also wrote Fooled by Randomness).This quote just knocked me out:
"In the last fifty years, the ten most extreme days in the financial markets represents half the returns."
Last time I quote from the book I just finished, The Black Swan by Taleb (great read, really;he also wrote Fooled by Randomness).This quote just knocked me out:
"In the last fifty years, the ten most extreme days in the financial markets represents half the returns."
Is that the ten most extreme UP days? That's just not true. Not even close. Or is that the ten most extreme days PER YEAR represents half the returns for that year? That might be true. So that would be 500 days total.
Is that the ten most extreme UP days? That's just not true. Not even close. Or is that the ten most extreme days PER YEAR represents half the returns for that year? That might be true. So that would be 500 days total.
Just finished the book, "Who Moved My Cheese?" by Spencer Johnson, excellent writer and thinker.
This week I have been looking at SNY (SANOFI-AVENTIS), looking to buy at a dollar-cost averaging rate, and reinvest their dividend payments for at least the next 2-5 years .. they are currently one of the biggest pharmaceutical companies, globally. Lots of US patented pharmaceuticals under their hat. Current price around $42, any thoughts?
Just finished the book, "Who Moved My Cheese?" by Spencer Johnson, excellent writer and thinker.
This week I have been looking at SNY (SANOFI-AVENTIS), looking to buy at a dollar-cost averaging rate, and reinvest their dividend payments for at least the next 2-5 years .. they are currently one of the biggest pharmaceutical companies, globally. Lots of US patented pharmaceuticals under their hat. Current price around $42, any thoughts?
Is that the ten most extreme UP days? That's just not true. Not even close. Or is that the ten most extreme days PER YEAR represents half the returns for that year? That might be true. So that would be 500 days total.
No, ten days in 50 years.He continues:
"by removing the ten biggest one day moves from the US stock market...we see a huge difference in returns-and yet conventional finance sees these one-day jumps as mere anomalies."
Quote Originally Posted by depeche2:
Is that the ten most extreme UP days? That's just not true. Not even close. Or is that the ten most extreme days PER YEAR represents half the returns for that year? That might be true. So that would be 500 days total.
No, ten days in 50 years.He continues:
"by removing the ten biggest one day moves from the US stock market...we see a huge difference in returns-and yet conventional finance sees these one-day jumps as mere anomalies."
PS I just lay it out there, have not checked this at all...p275, with graph p.276.
By the way, does anyone have a ready site that lists companies profitability per employee? As of now I do not think there is a size minimum in the question, market cap or number of employees, but there may be.Any help appreciated..am guessing either XOM or a financial services company, but have no idea where to look, just been asked to determine that as a bet.
PS I just lay it out there, have not checked this at all...p275, with graph p.276.
By the way, does anyone have a ready site that lists companies profitability per employee? As of now I do not think there is a size minimum in the question, market cap or number of employees, but there may be.Any help appreciated..am guessing either XOM or a financial services company, but have no idea where to look, just been asked to determine that as a bet.
"by removing the ten biggest one day moves from the US stock market...we see a huge difference in returns-and yet conventional finance sees these one-day jumps as mere anomalies."
Run the numbers. 10 days in 50 years cannot possibly be half of the total return. Best I could find the biggest single day gain (in 1933) was 15%. Even ten of these compounded would only be 4X. The market over the last 50 years is up like 100X. It's not even close. Read it closer. I think he meant the 10 biggest daily gainers per year. I've heard this before as well. It's the top 10 days per year, not 50 years. 1 day every 5 years is not going to do that much, not on the upside.
Quote Originally Posted by Vermeer:
No, ten days in 50 years.He continues:
"by removing the ten biggest one day moves from the US stock market...we see a huge difference in returns-and yet conventional finance sees these one-day jumps as mere anomalies."
Run the numbers. 10 days in 50 years cannot possibly be half of the total return. Best I could find the biggest single day gain (in 1933) was 15%. Even ten of these compounded would only be 4X. The market over the last 50 years is up like 100X. It's not even close. Read it closer. I think he meant the 10 biggest daily gainers per year. I've heard this before as well. It's the top 10 days per year, not 50 years. 1 day every 5 years is not going to do that much, not on the upside.
Any thoughts on PDLI this morning? Is this stock trading at a discount to a proposed takeover bid? Would seem with the weak dollar this stock could easily be bought by foreign interests.
Any thoughts on PDLI this morning? Is this stock trading at a discount to a proposed takeover bid? Would seem with the weak dollar this stock could easily be bought by foreign interests.
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