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 Posted: Mon, 13th Dec 2010 21:48 Post subject: JP Morgan Massive Silver Short |
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Thoughts? I think the entire thing sounds like bullshit, but a lot of people seem to be following this. I'm not knowledgeable at all so I was wondering what the thoughts of some of the people here are?
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| Posted: Mon, 13th Dec 2010 22:08 Post subject: |
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Yawn. Just like all those 'hot' tips that promise easy money and then fizzle. Or it could be creative rumour mongering by someone who's actually long on it and hoping for a run.
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Lutzifer
Modzilla
Posts: 12740
Location: ____________________ **** vegan zombie **** GRRAAIIINNSS _______
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| Posted: Mon, 13th Dec 2010 23:44 Post subject: |
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| Posted: Tue, 14th Dec 2010 00:00 Post subject: |
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The cost of creating humans has gone up in heaven, I've heard there's a sever shortage of carbon, hence the big mans experiments with arsenic based forms.
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Tue, 14th Dec 2010 00:12 Post subject: |
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yeah yeah. It ain't that hard to manipulate things. Once things get out in the public, you are being played like a violin anywayz.
Just read some books on hedgefunds, you will instantly realize you are getting *** in the ass on a daily basis when you are in the markets.
A colossal failure of common sense
More money than god
the quants
Enjoy
I know a VP bloke from a small public company in belgium (euronext) with virtually no daily liquidity (5-20K euro per day stuff). I see the guy, he tells me he was in the US and he seemed happy. So I think, he must have made a good deal.
I want to get in, so I get in for 10K, price spikes up 6% with a 5x volume avg daily increase in a single transaction. So I am in front of my pc, amazed. I check the order book and I was virtually doing market making. Just bid/ask spreads with 6-7% spread, and I am getting called all the time. Making easy money. Getting in and out with 100 euro profits on the spread. Now still long into that position, but not that hard.
Now give me 1.000.000 and I manipulate that stock any direction I want. JPM has > 10 trillion $ under management. Go figure what they can do with that. They have multiple internal 10billion hedgefunds doing only option boxing arbitrage, only hard commodities arbitrage etc.
But as always, there are no free lunches. A winning strategy never goes public 
There's plenty semi-free, quasi-riskless money to be made by using simple math in some lame-ass semi-illiquid market like belgium. Gotta love small shithole countries ;D
edit: Well, just checked it. 2.3 trillion with 160 billion equity, a whopping 13x leverage (yeah riiight, probably hiding some trillions off balance sheet). AIG had 30, lehman 40x leverage, with shit offloaded from the balance using 105 repos, hah. You really think they are giving you 'free super advice" ?
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Tue, 14th Dec 2010 00:31 Post subject: |
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Never follow advice like that. If a bunch of people allready know about it - It is allready to late for you to invest, and the only reason they are telling you about it is so they can now suck people in to raise the value.
The best advice I can give you is buy when everyone else is selling, and sell when everyone else is buying. Figuring this out isn't as hard as people think. If you see a company that everyone thinks is going to fail - That is when you buy. A couple of times the companies *have* actually failed - But if it is a huge company like Bank of America (For example) there was no way it was going to fail. All the retards still sold their shares though.
I made a fuckload 2 years ago when the economy took a shit. All the retards sold their stocks, and bank of america went down to 28 cents a share. Bought 2000 shares. Sold that shit when it went up to $10 a share. Yeah. I made some money. I only wish I would have bought more, and I wish I would have waited longer.
You'll notice that when the economy is doing bad all the smart people make a shitload of money off of all the retards. Same way Donald Trump made his fortune. Back in the 80's during the last huge downswing Trump bought all his real estate for almost nothing. Then when the prices boomed back up he sold all of it and made his fortune.
Just wish I had more money to invest. It takes money to make money. If I had $100k to invest I could easily make myself millions right now.
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