d2, I will look into it.I think one has to be careful with numbers, and I am curious as to how one derives true value from a stat like that of the Dow which regularly gains and loses members...will look into it and see what documentation he brings to it later today.
0
d2, I will look into it.I think one has to be careful with numbers, and I am curious as to how one derives true value from a stat like that of the Dow which regularly gains and loses members...will look into it and see what documentation he brings to it later today.
What is going on with this stock? I mean I went ahead and got a couple hundred shares but am ashamed to say it was just for the hell of it and I did almost no research at all on it....I should get off my ass and see for myself, huh?
The Taleb claim remains unclear to me. The bibliography is huge, the notes assertive and at points extremely technical. Yet on this particular claim, which he does elaborate on but not at length, there is nothing specific cited. Very curious. The chart is of the S&P 500,not the Dow so my mistake on that.If anyone is familiar with his work let me know, I have read quite a lot about him but nothing regarding this particular claim so far...
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Quote Originally Posted by wallstreetcappers:
Jeff,
NOEC moving again today..
What is going on with this stock? I mean I went ahead and got a couple hundred shares but am ashamed to say it was just for the hell of it and I did almost no research at all on it....I should get off my ass and see for myself, huh?
The Taleb claim remains unclear to me. The bibliography is huge, the notes assertive and at points extremely technical. Yet on this particular claim, which he does elaborate on but not at length, there is nothing specific cited. Very curious. The chart is of the S&P 500,not the Dow so my mistake on that.If anyone is familiar with his work let me know, I have read quite a lot about him but nothing regarding this particular claim so far...
What gets me is that I can't find any news making NOEC jump...not a thorough search but still, there has to be something stuff is almost up $2 now, 31% in one day on no news???
By the way, Taleb is a pro options trader among other things, so if anyone is interested, his website is here...not an endorsement, and this guy does take on some serious economists and basically calls them fools (he hates Nobel prize winners!! LOL)..
https://www.fooledbyrandomness.com/
0
What gets me is that I can't find any news making NOEC jump...not a thorough search but still, there has to be something stuff is almost up $2 now, 31% in one day on no news???
By the way, Taleb is a pro options trader among other things, so if anyone is interested, his website is here...not an endorsement, and this guy does take on some serious economists and basically calls them fools (he hates Nobel prize winners!! LOL)..
Its a bunch of book reccos and the guy telling people to quit bugging him.
I am intrigued but I cannot find anything where he talks about the market or strategy etc..can you direct me to where the guy discusses the market or trading strategies?
0
Vermeer,
That site is a mess..
Its a bunch of book reccos and the guy telling people to quit bugging him.
I am intrigued but I cannot find anything where he talks about the market or strategy etc..can you direct me to where the guy discusses the market or trading strategies?
WSC: I agree, I was trying to wade through the damn stuff in hopes of finding a real defense of just that one claim...I get his overall thesis, etc...he has been "investigated" by the WSJ and mentions this article that I have not carefully read, but which explains towards the end his essential approach to the extremes he expects (ie, 1987, the LTCM fiasco) to occur more and more regularly for many reasons.
He mentions this on his site but I see no way of doing anything but buying it (not in the cards).NOT an endorsement, not a shill...this guy is a unique figure in essence because he combines real world experience with epistemology and math, not exactly a common figure in my experience.
Nonliterary
Books & Works
Dynamic Hedging: Managing Vanilla and Exotic
Options , New York : Wiley (c. 506 pp., released Jan 2 1997).
The book is about my own bottom-up approach to quantitative finance & risk
management. I am aggressively no-nonsense, suspicious of theories (particularly
those concocted by economists). It is the first step in my plan to help merge
option "theory" and practice (which includes some non trivial
modifications), leading to a clinical approach to stochastic processes. Here is
a cartoon
showing Dynamic Hedging as
instrumental in the starting of a colorful and intense interoffice romance.
There is no scheduled second edition yet.
Once again, history has been kind to the
book and the ideas presented in it –its 10th year has been the
best.It is mostly used by
professional option traders in training programs, risk managers, and, on the
occasion, mathematical finance students. Most academics (like this one, this one, & many more) who voiced criticism about my
no-nonsense approach to risks of derivatives & disliked my intrusion into
the reality of the process (how could a practitioner tell us how things should
be done?) have had their works & ideas steadily gliding into the purest
ofoblivions.
0
WSC: I agree, I was trying to wade through the damn stuff in hopes of finding a real defense of just that one claim...I get his overall thesis, etc...he has been "investigated" by the WSJ and mentions this article that I have not carefully read, but which explains towards the end his essential approach to the extremes he expects (ie, 1987, the LTCM fiasco) to occur more and more regularly for many reasons.
He mentions this on his site but I see no way of doing anything but buying it (not in the cards).NOT an endorsement, not a shill...this guy is a unique figure in essence because he combines real world experience with epistemology and math, not exactly a common figure in my experience.
Nonliterary
Books & Works
Dynamic Hedging: Managing Vanilla and Exotic
Options , New York : Wiley (c. 506 pp., released Jan 2 1997).
The book is about my own bottom-up approach to quantitative finance & risk
management. I am aggressively no-nonsense, suspicious of theories (particularly
those concocted by economists). It is the first step in my plan to help merge
option "theory" and practice (which includes some non trivial
modifications), leading to a clinical approach to stochastic processes. Here is
a cartoon
showing Dynamic Hedging as
instrumental in the starting of a colorful and intense interoffice romance.
There is no scheduled second edition yet.
Once again, history has been kind to the
book and the ideas presented in it –its 10th year has been the
best.It is mostly used by
professional option traders in training programs, risk managers, and, on the
occasion, mathematical finance students. Most academics (like this one, this one, & many more) who voiced criticism about my
no-nonsense approach to risks of derivatives & disliked my intrusion into
the reality of the process (how could a practitioner tell us how things should
be done?) have had their works & ideas steadily gliding into the purest
ofoblivions.
RIO downgraded today. I couldnt find a history on JPMorgan and their rating on the stock, but thats why it dropped..
This was a bullshit downgrade. The market is so fixed sometimes. THis company has everything going for them and it gets a downgrade. Funny how the market works. Heavy action on calls in this stock. I guess they got together and squeezed everyone who owns the calls including me. SOld it today early in the day. Still made a shit load. Also sold my drys early in the day. Made a shit load. Doubled my ameritrade account value on both stocks. Had to protect my gains.
0
Quote Originally Posted by wallstreetcappers:
One more thing Jeff..
RIO downgraded today. I couldnt find a history on JPMorgan and their rating on the stock, but thats why it dropped..
This was a bullshit downgrade. The market is so fixed sometimes. THis company has everything going for them and it gets a downgrade. Funny how the market works. Heavy action on calls in this stock. I guess they got together and squeezed everyone who owns the calls including me. SOld it today early in the day. Still made a shit load. Also sold my drys early in the day. Made a shit load. Doubled my ameritrade account value on both stocks. Had to protect my gains.
saw this on another board. apparently there is an egg shortage looming. peta and activist and whatnot putting a limit on how many chickens can be in one spot, treatment, etc... CALM is biggest egg producer. price increase on eggs coming = CALM goes higher. thoughts?
0
ticker: CALM
saw this on another board. apparently there is an egg shortage looming. peta and activist and whatnot putting a limit on how many chickens can be in one spot, treatment, etc... CALM is biggest egg producer. price increase on eggs coming = CALM goes higher. thoughts?
but the price increases haven't happened yet. and before only 15% of their eggs were specialty eggs (cage free, low cholesterol, organic). that number is going to rise because of these freaking PETA nutcases. more specialty eggs=higher egg prices=CALM keeps going up.
0
but the price increases haven't happened yet. and before only 15% of their eggs were specialty eggs (cage free, low cholesterol, organic). that number is going to rise because of these freaking PETA nutcases. more specialty eggs=higher egg prices=CALM keeps going up.
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?
If you wish, I will send you a report (its free, provided by my broker) via email on this stock.It would not be an endorsement of anything, just information for you to read at your leisure, a pdf file. Not sure how the contact thing works here, but whatever, will send it to whatever email you can get to me privately.
0
Quote Originally Posted by wizdumb2003:
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?
If you wish, I will send you a report (its free, provided by my broker) via email on this stock.It would not be an endorsement of anything, just information for you to read at your leisure, a pdf file. Not sure how the contact thing works here, but whatever, will send it to whatever email you can get to me privately.
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