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iDumb
May 11, 2011, 10:43 PM
I didn't wanna open a thread just for an article, so this thread will be used in future for other important financial news. But if anyone is aware of the Rajaratnam case, this is an opinionated piece on that. I didn't really understand what this guy was trying to say.









Rajaratnam Conviction an Unwanted Sign of Arrival


http://l.yimg.com/a/i/us/fi/gr/yahoo_buttons/yfi_106x27.gif (http://finance.yahoo.com/;_ylt=Au_KYKo4IuIIlqAews4JsIC4usJ_;_ylu=X3oDMTFpNj JhZTFxBHBvcwMxBHNlYwNuZXdzcHJvdmlkZXJjb250ZW50aW5m bwRzbGsDZGFuaWVsLWdyb3Nz)




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http://globalfinance.zenfs.com/images/US_AHTTP_DAN_GROSS_LIVE/41_small.pngDaniel Gross is economics editor at Yahoo! Finance.


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Daniel Gross, On Wednesday May 11, 2011, 10:53 am EDT




The conviction of hedge fund manager Raj Rajaratnam on 14 counts of insider trading (http://us.lrd.yahoo.com/_ylt=Akhk5yCY3.3ohSChW6WbkHO4usJ_;_ylu=X3oDMTE2aWo yazNuBHBvcwMxBHNlYwNuZXdzYXJzdGFydARzbGsDY29udmljd Glvbm9m/SIG=12f0rejt9/EXP=1306380100/**http%3A//www.businessinsider.com/raj-rajartnam-verdict-2011-5)essentially brings to a close one of the largest criminal case of financial misdeeds in recent years. Before the verdict, 21 one of the 26 people accused of being part of a wide-ranging conspiracy to gather, dispense and trade on insider information had already pleaded guilty (http://us.lrd.yahoo.com/_ylt=ApdAp67bcvaViKFVXhN1I5O4usJ_;_ylu=X3oDMTE2Y3A 3NXR0BHBvcwMyBHNlYwNuZXdzYXJzdGFydARzbGsDYWxyZWFke XBsZWFk/SIG=13bkbvt1v/EXP=1306380100/**http%3A//www.cnbc.com/id/42765817/Guilty_Plea_in_Galleon_Case_Rajaratnam_Jury_Delibe rates). The evidence presented at the trial certainly undermined the tepid faith that the markets offer a level playing field for individual investors.

The Rajaratnam insider-trading ring was a sideshow to the larger financial scandals of recent years. Its impact on the economy pales in comparison to the Lehman Brothers debacle. The sums of money and institutional failures involved were much less dramatic than in the Bernard Madoff affair. Yet the trial inspired interest in large measure because of its cast of characters. This wasn't a boiler room operation, or a bunch of mob-connected guys in New Jersey manipulating micro-caps. No, this was a conspiracy involving an investor who was able to tap into the nervous system of the financial system and extract valuable, profitable information.

When I sat in on the trial in late March and early April, it struck me that the case offered an updated twist on an old story: the rise and integration of immigrants into the establishment. While the revelations were enormously embarrassing, the trial marked a sign of arrival of sorts for South Asian immigrants. Raj Rajaratnam's story is that of an immigrant meritocrat, forming bonds and networks with those from a similar background, obtaining the best education and work experience possible -- and then putting it all to ill use.

Since large-scale immigration from India, Pakistan and Sri Lanka began in the 1960s, South Asians have generally been outsiders in American institutions: in politics, in the Fortune 500 and in the media. Ten years ago, perhaps the most well-known South Asian immigrant businessman was Apu Nahasapeemapetilon (http://us.lrd.yahoo.com/_ylt=At9hIChgDjfSTxzuwUxa.8G4usJ_;_ylu=X3oDMTE2cGN pNmRsBHBvcwMzBHNlYwNuZXdzYXJzdGFydARzbGsDYXB1bmFoY XNhcGVl/SIG=12cim9paj/EXP=1306380100/**http%3A//www.thesimpsons.com/bios/bios_townspeople_apu.htm), the convenience store proprietor of The Simpsons. As recently as five years ago, then-Sen. Joe Biden stuck his foot in his mouth when noting (http://us.lrd.yahoo.com/_ylt=Ar3ACgmy4e.q_RSdeDjpYja4usJ_;_ylu=X3oDMTEwdWl 0NG10BHBvcwM0BHNlYwNuZXdzYXJzdGFydARzbGsDbm90aW5n/SIG=125gnqkv6/EXP=1306380100/**http%3A//www.msnbc.msn.com/id/13757367/ns/politics/): "You cannot go to a 7-Eleven or a Dunkin' Donuts unless you have a slight Indian accent. I'm not joking."


But that image of South Asians has changed rapidly in the past several years. In politics, second-generation Indian-American immigrants Bobby Jindal and Nikki Haley have won races for governor in Louisiana (2007) and South Carolina (2010), respectively. Aziz Ansari (http://us.lrd.yahoo.com/_ylt=ArHY1tBh1WKj3JDHONk5dUq4usJ_;_ylu=X3oDMTE0YWI zczVvBHBvcwM1BHNlYwNuZXdzYXJzdGFydARzbGsDYXppemFuc 2FyaQ--/SIG=11imkbnh5/EXP=1306380100/**http%3A//azizisbored.tumblr.com/), a graduate of New York University's Stern School of Business and the son of Indian immigrants, plays a character on NBC's Parks and Recreation who bears the distinctly non-South Asian name of Tom Haverford. Actor Kal Penn, the son of Indian immigrants, has moved from the Harold and Kumar franchise, the movie The Namesake and the TV show House to the White House. In the corporate world, Indra Nooyi, (http://us.lrd.yahoo.com/_ylt=AlZWK2oc6th.nico.zx97C24usJ_;_ylu=X3oDMTE0a2p uYmxiBHBvcwM2BHNlYwNuZXdzYXJzdGFydARzbGsDaW5kcmFub 295aQ--/SIG=12dvse0c5/EXP=1306380100/**http%3A//www.pepsico.com/Company/Leadership.html%23Nooyi_fb) who came to the U.S. from India to attend graduate school at Yale, was promoted in 2006 to CEO of the iconic American brand Pepsico. The following year Vikram Pandit (http://us.lrd.yahoo.com/_ylt=AoiGevGQrBRnwoNYhV1bpSy4usJ_;_ylu=X3oDMTE2aDQ 1OWpuBHBvcwM3BHNlYwNuZXdzYXJzdGFydARzbGsDdmlrcmFtc GFuZGl0/SIG=12q319sea/EXP=1306380100/**http%3A//www.citigroup.com/citi/corporategovernance/profile.jsp%3Fbio=51) was named CEO of Citi.


In its own way, the Rajaratnam trial highlights this trend of immigrants' arrival. Rajaratnam, who immigrated from Sri Lanka to attend the University of Pennsylvania's Wharton School of Business, helmed a $7 billion hedge fund, the Galleon Group. Rajaratnam wasn't getting tips from guys who loaded trucks or took out the trash. His network, which included many immigrants from South Asia, reached into blue-chip companies, name-brand consulting firms, even the sanctum sanctorum of American capitalism: the boardroom Goldman Sachs.

The days I attended the trial, the jury heard testimony from Rajiv Goel. As Peter Lattman of the New York Times noted (http://us.lrd.yahoo.com/_ylt=AtMcKpKDSK6HDUA8w4pq5nu4usJ_;_ylu=X3oDMTB2ZGl kdTI1BHBvcwM4BHNlYwNuZXdzYXJzdGFydARzbGsDbm90ZWQ-/SIG=13e1mj1qb/EXP=1306380100/**http%3A//dealbook.nytimes.com/2011/03/22/goldman-chief-expected-to-testify-at-galleon-trial/), Goel and Rajaratnam "met in the early 1980s in Philadelphia as South Asian immigrants who had come to the United States for an elite business education at the Wharton School of the University of Pennsylvania." Goel worked as a finance executive at companies such as MetLife and Bank of America before arriving at Intel. I listened as Goel testified about how he had helped funnel information to Rajaratnam about a transaction that involved Intel and Clearwire. At one point, he corrected defense lawyer Terence Lynam's pronunciation of the name of another Intel executive, Sriram Viswanathan (http://us.lrd.yahoo.com/_ylt=Al2r6UOkLr4ucGvEGNrKi7W4usJ_;_ylu=X3oDMTE2dWV ubGUwBHBvcwM5BHNlYwNuZXdzYXJzdGFydARzbGsDc3JpcmFtd mlzd2Fu/SIG=13m0hnq69/EXP=1306380100/**http%3A//newsroom.intel.com/community/intel_newsroom/bios%3Fn=Sriram%2520Viswanathan%26f=AppointedVP), an India-born executive who was a leader in the company's venture capital and WIMAX units. Viswanathan, who was not a target of the investigation, also testified at the tria (http://us.lrd.yahoo.com/_ylt=AsFgngLrKa0LLWBAaZ1y_Sy4usJ_;_ylu=X3oDMTE3YmZ maDEzBHBvcwMxMARzZWMDbmV3c2Fyc3RhcnQEc2xrA3Rlc3RpZ mllZGF0dA--/SIG=1398mgr4c/EXP=1306380100/**http%3A//www.reuters.com/article/2011/03/21/us-galleon-rajaratnam-idUSTRE72K7IZ20110321)l. The government's first major witness had been Anil Kumar (http://us.lrd.yahoo.com/_ylt=AlymLJakPkMovODVl4InGKe4usJ_;_ylu=X3oDMTE0ZHN hYzg2BHBvcwMxMQRzZWMDbmV3c2Fyc3RhcnQEc2xrA2FuaWxrd W1hcg--/SIG=147bdqih3/EXP=1306380100/**http%3A//www.businessinsider.com/meet-anil-kumar-the-person-everyone-think-will-testify-first-in-the-raj-trial-2011-3), a senior consultant at McKinsey and fellow Wharton classmate of Rajaratnam, who had immigrated to the U.S. from India. Kumar pleaded guilty to funneling information he gleaned from clients to Rajaratnam.

Others in the ring include Roomy Khan, a well-connected figure in Silicon Valley. As the Deecan Herald reported, (http://us.lrd.yahoo.com/_ylt=AqMmOFwgvAtOnL7Ty0kITb24usJ_;_ylu=X3oDMTEzMm5 0dXB2BHBvcwMxMgRzZWMDbmV3c2Fyc3RhcnQEc2xrA3JlcG9yd GVk/SIG=135bugkik/EXP=1306380100/**http%3A//www.deccanherald.com/content/151224/prosecutors-want-roomy-khan-tapes.html) she "allegedly helped Rajaratnam make $4 million in a day by passing on a tip from Indian origin Moody's analyst Deep Shah about Hilton hotel chain takeover by private-equity firm Blackstone Group."


Yet another South Asian immigrant figured prominently in the trial, although he wasn't accused of any wrongdoing. The prosecutors presented evidence that Rajaratnam was trading on information he got from a member of Goldman Sachs's board of directors: Rajat Gupta. It would be hard to get more establishment than Gupta, who had run the consulting firm McKinsey & Co. Beyond the McKinsey and Goldman posts, as his bio (http://us.lrd.yahoo.com/_ylt=AvlbJnV3X251Nb0I9cV_Avy4usJ_;_ylu=X3oDMTB1ZDB 1dnQxBHBvcwMxMwRzZWMDbmV3c2Fyc3RhcnQEc2xrA2Jpbw--/SIG=12mbe9nll/EXP=1306380100/**http%3A//www.allamericanspeakers.com/celebritytalentbios/Rajat-Gupta)notes, the Indian immigrant was "chairman of the Board of Associates of the Harvard Business School; and Dean's Advisory Council, Massachusetts Institute of Technology Sloan School of Management."

Rajaratnam's crimes weren't those of a marginal outsider motivated by desperation or poverty. When the ring started, he was already a wealthy man many times over. The management fees he would have reaped from running Galleon for a single year would be enough to last most people a lifetime. Rather, his crimes stem from an impulse that has deep roots in America's financial system: the desire by those on the inside to game the system for further gain.

Daniel Gross is economics editor at Yahoo! Finance

Subscribe to Daniel Gross's RSS feed here (http://us.lrd.yahoo.com/SIG=12lreg9sb;_ylt=AgFo.90kuvNTJlkT13nEmqW4usJ_;_y lu=X3oDMTB2MmxzcDNjBHBvcwMxNARzZWMDbmV3c2Fyc3RhcnQ Ec2xrA2hlcmU-/**http%3A/feeds.finance.yahoo.com/rss/2.0/provider-daniel-gross%3Fregion=US%26lang=).

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Zeeshan
May 11, 2011, 11:24 PM
Why is the fact that he is an immigrant should be of concerns? US is a land of immigrants and to harp on about the change of immigrants' status should be of no factor. If he is a criminal then he should be prosecuted as such. Anyways, it's a deep article and I didn't scrutiny it enough. Waiting for others' thought.
====
On a different note, how much do you guys save? I get about thou a month and blow it all in 2 weeks. I have a feeling since behavior do not change, if I ever won a million dollar lottery I would be p-- poor next day. Any advice on savings? Thanks.

iDumb
May 12, 2011, 12:10 AM
Z, next time you go to a massage parlour, say no too inappropriate touches - it will save you a lot of money. I was forced to pay tips for service I didnt want or get. I was almost gonna call immigration on her.. taking advantage of unsuspecting ppl tsk tsk

Zeeshan
May 12, 2011, 12:28 AM
Z, next time you go to a massage parlour, say no too inappropriate touches - it will save you a lot of money. I was forced to pay tips for service I didnt want or get. I was almost gonna call immigration on her.. taking advantage of unsuspecting ppl tsk tsk

Check your pm. Can't share the story here.

goru
May 12, 2011, 01:33 AM
http://www.marketwatch.com/story/nobody-was-buying-skype-except-microsoft-2011-05-11?link=MW_latest_news

So... why did Microsoft buy Skype?

http://kecy.roumen.cz/judgement_day.jpg

iDumb
May 12, 2011, 02:31 AM
So... why did Microsoft buy Skype?


Because Microsoft still thinks they are in the playing field of cutting edge technology. They have been losing money in all their pet projects and losing windows market share day by day to mac and others.

I remember in one of Bill gates interview, how he mentioned "tablet PC" was it and that it would revolutionize how we do things. He got it right on the money but it was apple that had the right application to "revolutionize" the market. Windows tablet has been a failure forever.

The real growth in communication/information technology is currently in mobile devices. And it's embarrassing that Microsoft being a software company is lagging here... and playing catch up. Even google is kicking their *** with android. This is just another move of that catch up playing.

Microsoft will be one of the worst performing stock this year. The only way it will go up is if overall market drags it upward.

goru
May 12, 2011, 03:16 AM
LinkedIn IPO on May 19th... one of the big ones I've been waiting for.

http://online.wsj.com/article/SB10001424052748703864204576312811819356434.html

I wonder what prices us "ordinary" investors will get.


(should this be in the stocks thread?)

iDumb
May 12, 2011, 03:35 AM
No i think we should let that thread die. We need fresh starts.

You know with all this social network sites going public, a new bubble may be in brew - and I love bubbles - reminiscent of the late 90s. We should all be excited and if we treat them as gambling (get in and get out) rather than investing, money can be made.

Some of the numbers these ppl come up with makes my jaw drop like recent valuation of groupon. I will be watching LinkedIN ipo, i didn't know about it but I don't think i will do anything. I will follow it closely to see how it pans out so come facebook IPO, I am putting all my money in for sure and will be flying with pigs. Just thinking about it makes me glee like a virgin about to get lucky.

Rifat
May 12, 2011, 04:10 PM
i don't know if this is the appropriate thread for this: but why are gas prices so high this season? I pay around $4.33 per gallon while about a couple of months ago i only paid a dollar less than that. what's going on?

iDumb
May 12, 2011, 08:26 PM
i don't know if this is the appropriate thread for this: but why are gas prices so high this season? I pay around $4.33 per gallon while about a couple of months ago i only paid a dollar less than that. what's going on?

Oil market is pretty complicated, it is very controlled. To get a good idea of where the price at pump will be going, you should follow the price of crude oil. Recently, there was a mini-crash there sending crude oil below 100. But to see that change in the gas pumps takes weeks to months.. as millisecond trading can not be converted to gas station price. So, the consensus is if crude oil stays below 100, the price at pumps SHOULD go down in coming months even though historically oil prices supposed to be going up as summer approach.

There are many factors that contribute to this price fluctuation. But the recent rise is due to devaluation of dollars. There is an inverse correlation. As all the commodities are price in dollars - when dollar is devalued - the "intrinsic" value of the commodity kicks in and price goes higher in terms of number of dollars.

As long as dollar is being devalued, things like oil and gold will be rising. Recent rise in stock market can also be attributed to this devaluation of dollars. So how to stop dollar from dropping like that. One way to do is for federal reserve to increase the interest rate, getting rid of cheap borrowing of dollars. But this is a dangerous time to do that as stock market will react negatively with rise in interest rate.

That is a dumb down version of it (or the way I understand it), ppl with economics background can explain more.

As I said initially oil market is controlled. Some examples are: in times of election, it is often seen that gas price drop dramatically at the pumps. Also OPEC is very careful in keeping the prices high and profit rolling. They will always supply short of the demand for oil...

Rifat
May 16, 2011, 07:52 AM
^^makes a lot of sense. Thanks Orphy for the explanation! :)

I will be keeping a close eye on this website over the summer.
http://www.oil-price.net/

iDumb
May 16, 2011, 10:29 PM
MF chief jailed without bail in NY hotel-sex case
IMF chief jailed without bail in NYC attempted-rape case; more allegations emerge

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Dominique Strauss-Kahn, head of the International Monetary Fund, is arraigned Monday, May 16, 2011, in Manhattan Criminal Court for an alleged attack on a maid who went into his penthouse suite at a hotel near Times Square on Saturday to clean it, in New York. Strauss-Kahn must remain jailed at least until his next court hearing for attempted rape and other charges, a judge said Monday. (AP Photo/Richard Drew, Pool)

Jennifer Peltz, Associated Press, On Monday May 16, 2011, 11:05 pm
NEW YORK (AP) -- Haggard and unshaven after a weekend in jail, the chief of the International Monetary Fund was denied release on bail Monday on charges of trying to rape a hotel maid as allegations of other, similar attacks by Dominique Strauss-Kahn began to emerge.

In France, a lawyer for a novelist said the writer is likely to file a criminal complaint accusing Strauss-Kahn of sexually assaulting her nine years ago. A French lawmaker accused him of attacking other maids in previous stays at the same luxury hotel. And in New York, prosecutors said they are working to verify reports of at least one other case, which they suggested was overseas.

Strauss-Kahn's weekend arrest rocked the financial world as the IMF grapples with the European debt crisis, and upended French presidential politics. Strauss-Kahn, a member of France's Socialist party, was widely considered the strongest potential challenger next year to President Nicolas Sarkozy.

Making his first appearance on the sex charges, a grim-looking Strauss-Kahn stood slumped before a judge in a dark raincoat and open-collared shirt. The 62-year-old, silver-haired Strauss-Kahn said nothing as a lawyer professed his innocence and strove in vain to get him released on bail.

The judge ruled against him after prosecutors warned that the wealthy banker might flee to France and put himself beyond the reach of U.S. law like the filmmaker Roman Polanski.

"This battle has just begun," defense attorney Benjamin Brafman told scores of reporters outside the courthouse, adding that Strauss-Kahn might appeal the bail denial.

Strauss-Kahn is accused of attacking a maid who had gone in to clean his penthouse suite Saturday afternoon at a luxury hotel near Times Square. He is charged with attempted rape, sex abuse, a criminal sex act, unlawful imprisonment and forcible touching. The most serious charge carries five to 25 years in prison.

Strauss-Kahn, who has headed the international lending agency since 2007, was in New York on personal business and was paying his own way, so he cannot claim diplomatic immunity, the IMF said. He could seek that protection only if he were conducting official business, spokesman William Murray said. The agency's executive board met informally Monday for a report on the charges against Strauss-Kahn, its managing director.

The French newspaper Le Monde, citing people close to Strauss-Kahn, said he had reserved the $3,000-a-night suite at the Sofitel hotel for one night for a quick trip to have lunch with his daughter, who is studying in New York.

The 32-year-old maid told authorities that she thought the suite was empty but that Strauss-Kahn emerged from the bathroom naked, chased her down a hallway, pulled her into a bedroom and dragged her into a bathroom, police said.

He grabbed her breasts, tried to pull down her pantyhose, grabbed at her crotch and forced her to perform oral sex on him during the encounter at about noon, according to a court complaint. She ultimately broke free, escaped the room and told hotel staffers what had happened, authorities said. She was treated at a hospital for minor injuries.

"The victim provided a very powerful and detailed account of the violent sexual assault," Assistant District Attorney John "Ardie" McConnell said. He added that forensic evidence may support her account. Strauss-Kahn voluntarily submitted to a forensic examination Sunday night.

Brafman said defense lawyers believe the forensic evidence "will not be consistent with a forcible encounter." Defense lawyers wouldn't elaborate, but Brafman said "there are significant issues that were already found" that make it "quite likely that he will be ultimately be exonerated."

Prosecutors asked the judge to hold Strauss-Kahn without bail, noting that he lives in France, is wealthy, has an international job and was arrested on a Paris-bound plane at Kennedy Airport. He had left the Sofitel hotel before police arrived, leaving his cellphone behind, and appeared hurried on surveillance recordings, authorities said.

At one point, Strauss-Kahn called the hotel "in a panic" about the phone, a law enforcement official said Monday.

Hotel security officers hadn't found a phone. But they were instructed by NYPD investigators to set a trap by informing him they had it and asking where they could get it to him, said the official, who spoke on condition of anonymity because the investigation had not been completed.

Strauss-Kahn told them he was about to board a flight -- unknowingly tipping off authorities to his whereabouts, the official said.

Prosecutors said they couldn't force Strauss-Kahn's return from France if he went there.

"He would be living openly and notoriously in France, just like Roman Polanski," said Chief Assistant District Attorney Daniel Alonso, referring to the film director long sought by California authorities for sentencing in a 1977 child sex case. Swiss police arrested him in 2009, but he was freed last year when Switzerland declined to extradite him to the United States.

Defense lawyers suggested bail be set at $1 million and promised that the IMF managing director would remain in New York City. His lawyers said Strauss-Kahn wasn't trying to elude police Saturday: The IMF head rushed out of the hotel at about 12:30 p.m. to get to a lunch date with a family member, then caught a flight for which he had long had a ticket, according to Brafman and fellow defense lawyer William W. Taylor.

"This is not a case of someone who commits a crime, runs to the airport and jumps on the first available plane," Brafman said.

Still, Criminal Court Judge Melissa C. Jackson, who was an assistant district attorney in Brooklyn for nearly 22 years before being appointed to Manhattan Criminal Court in 2003, said the fact that Strauss-Kahn was on a plane when arrested "raises some concerns." She ordered him jailed at least until a court proceeding on Friday.

Strauss-Khan will be held in protective custody in the city's Rikers Island jail because of his high profile, said city Correction Department spokesman Stephen Morello. Unlike some inmates, who share 50-bed barracks, Strauss-Kahn will have a single-bed cell and eat all his meals alone there. Also, when he is outside his cell, he will have a guard escort.

Strauss-Kahn makes an annual tax-free salary as head of the IMF of $420,930, plus an annual "scale of living" allowance of $75,350, according to a 2007 IMF press release.

According to the 2000 biography "Les Vies Cachees de DSK" by Vincent Giret and Veronique Le Billon, Strauss-Kahn's wife, Anne Sinclair, was one of France's highest-paid TV journalists before she gave up her job to avoid a possible conflict of interest when her husband became a government minister in 1997. The biography says Sinclair is also a wealthy heiress, whose grandfather Paul Rosenberg was a prominent modern art dealer before the Second World War.

French newspapers have inventoried the couple's real estate holdings, which reportedly include a six-room apartment in Paris' chic 16th arrondissement; a 240-square-meter apartment on the luxurious Place des Vosges; a home in Marrakech, and a house in Washington.

Meanwhile, a lawyer for 31-year-old French novelist Tristane Banon said she will probably file a complaint alleging Strauss-Kahn sexually attacked her in 2002. Lawyer David Koubbi told French radio RTL that Banon hadn't pressed her claim earlier because of "pressures" but would do so now because "she knows she'll be taken seriously."

The Associated Press is identifying Banon as an alleged victim of sexual assault because she has gone public with her account.

Banon's mother, Anne Mansouret, a regional Socialist official in Normandy, said she had advised her daughter at the time against pursuing her claim.

A French lawmaker from a rival political party also alleged, without offering evidence, that Strauss-Kahn had victimized several maids during past stays at the Sofitel near Times Square.

The hotel issued a statement calling conservative lawmaker Michel Debre's claims "baseless and defamatory." Sofitel management "has had no knowledge of any previous attempted aggressions," the hotel said, adding that it had set up a hotline for workers to report incidents more than a year ago.

McConnell, the assistant district attorney, said in court Monday that New York authorities are working to verify at least one other case of "conduct similar to the conduct alleged." When the judge asked whether the potential other incident occurred in the United States, McConnell said he "believed that was abroad."

Strauss-Kahn's lawyers said they had no immediate response to the allegations emerging from overseas.

In France, defenders of Strauss-Kahn, a former finance minister who had topped the polls as a possible candidate in presidential elections next year, said they suspected he was the victim of a smear campaign.

The 187-nation IMF provides emergency loans to countries in severe distress and tries to maintain global financial stability.

Associated Press writers Jamey Keaten in Paris, Chris Rugaber in Washington and Tom Hays in New York contributed to this report.

iDumb
May 17, 2011, 11:30 PM
LinkedIn raises IPO ante amid high investor demand
LinkedIn raises IPO asking price by 30 percent as investors vie to buy into online networking


Follow these stocks
Michael Liedtke, AP Technology Writer, On Tuesday May 17, 2011, 5:55 pm EDT
SAN FRANCISCO (AP) -- Investors are clamoring to connect with the online networking service LinkedIn Corp. in the latest sign of the fervor for Internet companies that specialize in bringing together people with common interests.

The demand to buy a piece of LinkedIn is so intense that the 8-year-old company is expected to make its stock market debut Thursday with a value of at least $4 billion. That would make LinkedIn's initial public offering of stock the biggest by a U.S. Internet company since Google Inc. went public in 2004, according to the research firm Renaissance Capital.

The appetite for LinkedIn's IPO encouraged the company's bankers to raise the asking price by about 30 percent Tuesday to $42 to $45 per share. It won't be surprising if the IPO is priced even higher Wednesday evening and then sells for more than that Thursday morning when they are expected to begin trading on the New York Stock Exchange under the symbol "LNKD."

The IPO is expected to raise about $200 million for LinkedIn and produce $125 million to $135 million for existing stockholders, who plan to sell some of their shares. The biggest winner will be LinkedIn's co-founder and chairman, Reid Hoffman, whose 20 percent stake in the company will be worth more than $800 million.

The coming-out party on Wall Street for LinkedIn, which focuses on connecting professionals online, could be the prelude to even more excitement if several popular Internet companies decide to go public during the next year. The list of candidates includes the online messaging service Twitter, online game maker Zynga, online coupon service Groupon and the biggest social network of all, Facebook.

"LinkedIn will be used very heavily as a modeling tool for other companies in this space," predicted David Menlow, founder of research firm IPO Financial. "The pricing is going to have a dramatic effect. This is just the starting point for valuation adjustments."

Facebook is the most prized among the Internet companies still awaiting an IPO. It was valued at $50 billion as part of an investment organized in January by Goldman Sachs Group Inc., a major shareholder in LinkedIn. If Goldman Sachs follows through on its plan to sell its entire LinkedIn stake in the upcoming IPO, the bank would receive about $38 million at the mid-point of the targeted price range.

LinkedIn, based just down the street from Google's Mountain View, Calif. headquarters, has become profitable by building a website that acts both as a Rolodex and a hiring center.

People set up LinkedIn accounts to post the resume on a page and connect with current and past colleagues. LinkedIn members can then ask the people they know to introduce them to other connections that might help further their careers.

Although not nearly as popular as hanging out on Facebook, LinkedIn has emerged as a widely used directory. Through March, it had 102 million members and is adding another million each week.

The company gets about two-thirds of its revenue from fees that it charges for greater access to the website and more data about the expertise listed on each member's page. Businesses and job headhunters use LinkedIn to recruit people who might not even be looking for a job at the time. LinkedIn also has made money from business surveys of its members and a service that offer career advice to college graduates.

The rest of LinkedIn's revenue comes from Internet ads, which serve as the financial backbone for Google, Facebook and many other Internet companies.

The lofty appraisals being given LinkedIn and other online networking companies have raised worries of an investment meltdown if the businesses don't turn out to be as successful as enthusiastic investors anticipated.

That is what happened in the late 1990s when hundreds of unprofitable Internet companies attracted billions in venture capital and then went public to much fanfare. That led to a devastating collapse that still haunts Internet investors.

The big difference this time is that the current Internet darlings haven't rushed to the public markets. Instead, they are waiting until they have developed ways to make money while amassing massive audiences.

"These are serious businesses with huge global market opportunities ahead of them," said John O'Farrell, a partner with Andreessen Horowitz, a venture capital firm that owns stakes in Facebook, Twitter, Zynga and Groupon. "To an uninformed person, the valuations may look like a bubble, but we believe they will in fact prove to be very low valuations."

Last year, LinkedIn earned $3.4 million on revenue of $243 million. Its growth accelerated during the first three months of 2011, putting it on a pace to generate $500 million in revenue this year. Management, though, has warned that the company might lose money this year as it invests in more products and more computers to run its website as it tries to ward off competitive threats overseas.

If LinkedIn's IPO is priced at the mid-range target of $43.50 per share, the company would have a market value of $4.1 billion -- about 17 times its 2010 revenue. By comparison, Google's current market value of $170 billion is less than six times its revenue last year. When Google went public, though, its market value of $24 billion was 16 times higher than its revenue from the previous year.

AP Business Writer Tali Arbel in New York contributed to this story.

iDumb
May 17, 2011, 11:35 PM
Things are heating up already... Let's see how it goes, come on facebook - announce your IPO already. i value facebook at 100 billion (double GS valuation of 50). No LOGIC, just cuz I feel like it.....

goru
May 19, 2011, 09:08 AM
Holy Market Hype!

LinkedIn opened at $80 and reached $93 in like 4 minutes as I was watching it. Now back to $85.

goru
May 19, 2011, 10:46 AM
Approaching $110 now! :o :o :o

i_1_primeval_man
May 20, 2011, 12:42 AM
I was wondering if any one could help me with trading in Newyork Stock Exchange. I mean what are the requirements for trading for non US citizens. Do you need to register with a Brokerage Farm? Which are the better ones and what sort of trading cost are involved? And How do you take part in IPO offerings?
Sorry, a lot of questions at the same time. I use BellDirect to trade in ASX, but not familiar at all with the Newyork Stock Exchange. With the possibity of facebook and twitter IPO offerings i think i should get ready to invest. Thanks in advance for the all the help.

goru
May 20, 2011, 03:53 AM
Is Sony a good buy right now?

http://www.google.com/finance?q=NYSE:SNE

Took a dive on the initial DDoS attack fiasco... and got worse after the intrusive attack and data theft in April when PSN got shut down completely. They already have PSN back up, and are now they are about to bring Store back online... but not sure if it will help much, really. But perhaps a long term hold is a good idea?

iDumb
May 23, 2011, 05:42 PM
Deal sites appeal shoppers and businesses alike
Daily-deal sites are growing in popularity; clones abound, but nobody's clipping Groupon

Ellen Gibson, AP Retail Writer, On Monday May 23, 2011, 8:57 am EDT


Groupon is adding 150 employees a month at its U.S. headquarters and trains them in a church because the conference rooms at its headquarters aren't big enough. Ideeli has crammed so much electronic equipment into its New York office that the power goes out every day.

And at LivingSocial, well, the living is a little too social. Its third office in Washington, open just two months, ran out of room so fast that employees have to work at narrow desks in the hallway.

Deal-a-day websites blast email offers for deep discounts, sometimes good for only a few hours. And they're becoming so popular that their offices are starting to look as crowded as their subscribers' inboxes.

In just three years, the business model has changed local advertising, delivering faster results than other marketing methods. Store owners get immediate revenue and can see exactly how many customers an offer brings in.

The exponential growth of the sites, along with the emergence of hundreds of clones, is reminiscent of tech companies before the dot-com stock bubble burst in 2000. But Lou Kerner, a social media analyst at Wedbush, argues this isn't a fad: It's a new category of commerce that has changed how companies from hair salons to sandwich shops market their products.

Groupon, the No. 1 daily-deal site, has swelled from 2 million subscribers to 85 million over the past year and a half, while second-place LivingSocial went from 120,000 subscribers to 28 million.

The sites are expected to generate $2.7 billion in revenue this year, more than doubling from last year, according to Local Offer Network, which collects and distributes deals from hundreds of sites. The daily-deal market could reach $4 billion by 2015, says Mark Fratrik, vice president at marketing research firm BIA/Kelsey. While that's a small slice of the $142 billion in online retail sales, daily-deal revenue is growing much faster than overall e-commerce.

The discounts and limited-time offers on daily-deal sites motivate shoppers to splurge on treats such as half-priced golf lessons at Miami's Better Golf Academy, or $75 worth of wine for $35. The sites fall into two categories:

-- Group-buying sites, such as Groupon, LivingSocial and BuyWithMe, that partner with small businesses to send subscribers a local offer each day. (Occasionally, they partner with big companies such as Gap to run a national deal.) Subscribers can opt to purchase the voucher, usually good for half off. Then Groupon takes 30 to 50 percent of the revenue. So a pizza parlor might take in only $4 on a pizza it can regularly sell for $16. The theory is that bringing in a bunch of new customers will offset the smaller profit and result in repeat business.

-- Flash-sale sites, such as RueLaLa, Gilt and Hautelook, that host limited-time sales for members only. They feature a different product or designer each day, like Dolce & Gabbana dresses that didn't sell or Rock & Republic jeans at 60 percent off. Private sales allow designers to unload excess merchandise and market to more budget-conscious customers while maintaining an air of exclusivity. Woot, a pioneer in 24-hour sales, focuses on gadgets, such as discontinued Flip cameras. Flash sales generally involve limited quantities and can sell out in a matter of minutes.

Skeptics predicted that traffic to daily-deal sites would flatten as the economy recovered and shoppers stopped worrying so much about finding a bargain. The opposite has occurred. LivingSocial had 7 million unique visitors in March, up 27 percent from February, making it one of the 10 fastest-growing websites, according to ComScore. Traffic to Jetsetter, a luxury travel-deal site, has grown tenfold since January 2010. Hautelook's traffic is up 15 percent since Nordstrom Inc., the high-end department store chain, announced plans to buy the site for $270 million in February.

In April, Facebook began testing a daily deals program in five U.S. cities. On May 3, Amazon launched MyHabit.com, which peddles a new luxury item at 60 percent off each day. Groupon rejected Google's reported $6 billion buyout offer last year, but the search giant launched a pilot program called Google Offers in Portland, Ore., in April.

Paul Hurley, 46, started flash-sale site Ideeli in 2007, operating out of his kitchen. Now the company rents space in two New York office buildings. Marketers, programmers and customer-service reps sit elbow-to-elbow.

Ideeli is on track to bring in $250 million in revenue this year, Hurley says, and has 4 million members, triple the number from a year ago. The biggest challenge, he says, is managing the growth. Up to eight fashion shoots are going on at once in the company's studio, and Ideeli has become one of the city's top hirers of models.

Groupon's staff has grown so quickly that the company hired a high-school yearbook publisher to produce a book of employee headshots, trying to maintain the tight-knit community atmosphere of a startup.

"It's really important to us that people still know each other's faces and names," says spokeswoman Julie Mossler, who has been with the company since 2008, when it had 120 workers. It now has 7,000. They include hundreds of former publishing professionals and journalism grads who write the clever blurbs to promote each item. A recent offer for half-priced family portraits started this way: "Ideally, every family would have a group mug shot to display above the mantelpiece; unfortunately, many of today's families are too busy to commit crime together."

Some subscribers find the emails entertaining enough to read daily, even when the deals miss. The need for staff with both marketing chops and the ability to write snappy copy makes finding the right people difficult. Mike Rothman, general manager of Thrillist Rewards, which targets men with offers like the $50 "Strip and Strip" (a strip steak at a gentlemen's club), says he is posting jobs faster than he can fill them. He currently has a dozen openings.

"Our biggest challenge is getting more people on board," Rothman says. "One of the positions we're recruiting for is a recruiter."

Daily-deal sites are thriving because they benefit both merchants and consumers without requiring tech savvy from the former, says Opus Research analyst Greg Sterling.

Some companies have gripes, though. They say that the sudden influx of customers overwhelms staff or that Groupon demands an unfair cut. Groupon responds that it has no shortage of willing partners and that businesses have the option to cap the number of vouchers sold.

The deals work better for some businesses than others. If you're running a hotel and some of the rooms were going to sit empty anyway, it makes a lot of sense. For restaurants, where the profit margin is tiny to begin with, it might be less appealing. (Plus customers tend to tip on the discounted total, making servers grumpy.)

Some merchants don't do the math before they run an offer and wind up getting burned. Businesses hope shoppers will spend more than the coupon's face amount. Other companies are prepared to take a loss, seeing it as a marketing cost. Each of the six business owners interviewed for this story by The Associated Press decided to run a second or third deal after trying it out.

There are hundreds of copycats willing to accept lower commissions, but many merchants prefer to partner with Groupon and LivingSocial because they reach more potential customers. While the business model is here to stay, many of the smaller players will be bought or die, Kerner says.

Facebook has the potential to dominate because it already has 600 million users, dwarfing Groupon's 85 million subscribers, and many businesses already have a presence on the social network.

Small businesses have jumped on the daily-deal model as a way to hook new customers in the digital age. Old ways of advertising no longer pay off, while new ones can be vexing. Newspapers are losing readers, especially young ones. The Yellow Pages is a doorstop. Google search results are unpredictable. Facebook pages are easy to set up, but then what? And reviews on third-party sites like CitySearch can hurt as much as they help.

"We're better than anything that's been out there," says Tim O'Shaughnessy, CEO of LivingSocial.

When Chris Young and his partner started a kayak-tour company, San Francisco Kayak & Adventures, last March, they knew they would need a marketing blitz to get the business off the ground. But a coupon in the San Francisco Examiner didn't produce a single sale. So they decided to try a less conventional form of advertising and ran a Groupon. They were inundated with calls.

Bess Wyrick, creative director at Manhattan floral design shop Celadon & Celery, is thrilled with the results of three deals she's run for flower-arranging courses -- a low priority for recession-scarred consumers. The offers brought in more than 1,000 students, who may be inspired to come back for more. But she's not convinced it's a long-term advertising strategy. If you continue to run promotions, she says, "How many of your clients are going to want to buy at the regular price?"

http://finance.yahoo.com/news/Deal-sites-appeal-shoppers-apf-2291093514.html?x=0&sec=topStories&pos=2&asset=&ccode=

goru
August 7, 2011, 12:10 PM
So, when will it be time to buy in again? I'm getting cash ready...

iDumb
August 7, 2011, 04:26 PM
These flash crashes are bullshit. Looks more corrective than panicky. Market supposed to react in anticipation of news, this time the flash crash was after an expected news came. Nothing happened to any solid stocks. When everyone is panicky and looks for the exit, that's a good entry point going against wave. When everyone has money in the side, waiting to get in despite 500 points crash I would say market is pretty stable. Nothing really changed in last 6 months. Dow is gonna trade in the 11000 and 13000 range. So yeah I would say it's a good entry point with some low and slow profit. But if down crack below 11000 or whatever support level, I would hold on till fear sweeps across the board affecting good stock like aapl amzn goog isrg etc.

I have been all cash for last 6 months now so I prefer some more crash and fear in wall st. I might buy msft in the low 20s as a conservative play.
<br />Posted via BC Mobile Edition (1)

Zeeshan
August 8, 2011, 06:01 PM
Dow plummets 634 points.

What's gonna happen to us now Orphy? What's gonna happen to us now?

iDumb
August 8, 2011, 08:52 PM
Dow plummets 634 points.

What's gonna happen to us now Orphy? What's gonna happen to us now?

Nothing is gonna happen to me. I am all cash for past 6 months. I want market to crash (though I shouldn't say this). For selfish reasons, this is good. Like I said - Down broke below 11000, I would just watch at this point - I would jump in when SOLID stocks start to suffer and there is wide spread panic - like 2009. Some more crash needed. POS msft still in mid 20s or too high for my conservative play.

iDumb
August 8, 2011, 08:59 PM
ok guys i been very busy lately so haven't been actually seeing everything. There is actually panick in the financial sector ie bank stocks. i would look for opportunities there.

hoping for dow 8000 :)

iDumb
August 8, 2011, 10:25 PM
I am somewhat tempted to buy bac at this level. If bac goes below 5, I am pulling my gambling trigger for sure. But for current level till five - gave wife free ride to make her own decision as she would be in front of internet with plenty of time. I think it's worth taking a risk....

I am also watching axp - that I sold at 48 few months ago :) Hasnt taken much hit yet but if this manipulative fear continues I will grab some axp at mid 30s.

iDumb
August 9, 2011, 10:55 PM
What a shame! wife watched hindi serial all day instead of the market. Kono Kamer na. Amar shob information dichilam...amateurs.

Maiya manush buy high sell low.

BANFAN
August 10, 2011, 01:15 AM
..........
Maiya manush buy high sell low.

Right, that's the principle of this item, unlike stocks.

iDumb
August 11, 2011, 08:22 PM
Right, that's the principle of this item, unlike stocks.

My wife made some vballsy move yesterday after I called her amateur. She bought bac and on top of that bought fas - doesn't know what it is but since it had the most drop that day from my eatch list, she decided to buy it. She just made me 1500 in 1 day unrealized unfortunately. I wouldn't mind keeping bac for long time but these triple x stock scares me and I like to lock in profit. Let's hope for a better day tomorrow now that I am in.

This market is traders heaven -if u guys have access pick one or two of ur favorite stock - do some simple graph analysis and start trading the **** out of this market.
<br />Posted via BC Mobile Edition (1)

ammark
August 12, 2011, 03:57 AM
Amen. But I dont have money. Care to send me some?! I'm watching in despair as the market recovers from its tanking early in the week. I was soooo psyched to buy in on Tuesday! Alas no cash to enter the market with!

Zeeshan
August 12, 2011, 05:37 PM
My wife made some vballsy move yesterday after I called her amateur. She bought bac and on top of that bought fas - doesn't know what it is but since it had the most drop that day from my eatch list, she decided to buy it. She just made me 1500 in 1 day unrealized unfortunately. I wouldn't mind keeping bac for long time but these triple x stock scares me and I like to lock in profit. Let's hope for a better day tomorrow now that I am in.

This market is traders heaven -if u guys have access pick one or two of ur favorite stock - do some simple graph analysis and start trading the **** out of this market.

Posted via BC Mobile Edition (1)

stopped reading after the 2nd word...

AhmedN
August 12, 2011, 06:10 PM
Why is the fact that he is an immigrant should be of concerns? US is a land of immigrants and to harp on about the change of immigrants' status should be of no factor. If he is a criminal then he should be prosecuted as such. Anyways, it's a deep article and I didn't scrutiny it enough. Waiting for others' thought.
====
On a different note, how much do you guys save? I get about thou a month and blow it all in 2 weeks. I have a feeling since behavior do not change, if I ever won a million dollar lottery I would be p-- poor next day. Any advice on savings? Thanks.
agree...well said...

For a better future...your savings should be at least 20% of your handsome earnings...but you must grow your savings to beat the inflations rate. :)

iDumb
August 12, 2011, 07:24 PM
stopped reading after the 2nd word...
Ok good for you. Anyways she still didn't sell today. I would have if it was me as weekend is coming. Morning things were actally up but now -250 today. I m leaving this one to her as ppl got diff style.
<br />Posted via BC Mobile Edition (1)

iDumb
August 12, 2011, 07:27 PM
Amen. But I dont have money. Care to send me some?! I'm watching in despair as the market recovers from its tanking early in the week. I was soooo psyched to buy in on Tuesday! Alas no cash to enter the market with!

Dude what the hell do u do with ur money? We are young not much expense. But bd has better and safer opportunities I feel if u have significant amnt of money
<br />Posted via BC Mobile Edition (1)

Equinox
August 12, 2011, 09:32 PM
So where do you do your trading? I wanna join the game.

iDumb
August 15, 2011, 07:27 PM
Man I love this country!! I think my wife maybe a better player than I am. She still didn't sell it and says this is long term and that she is not gonna sell before ba goes to double digit. I would have taken profit for sure. She made me money (unrealized stll) in 3 days that I dnt make in a month and I work extremely hard like 14 to 16 hours a day daily. I m in the wrong line of work for sure.

I am contemplating pouring more in. I regret not being more aggressive. Damn! Now I am at a dilemma. Give me some good stocks guys (beaten up). Most of the stocks in my watch list are from 2009 crash/recovery. They are all solid like rock (after having 200 to 500 percent increase).
<br />Posted via BC Mobile Edition (1)

Zeeshan
August 15, 2011, 07:30 PM
your wife selling ...how much

iDumb
August 15, 2011, 08:46 PM
You can't afford it, don't even ask.
<br />Posted via BC Mobile Edition (1)

Zeeshan
August 16, 2011, 01:38 AM
then again knowing your taste...her assets arent worth that much of round figures...

iDumb
August 18, 2011, 06:34 PM
Today She lost most of what she had gained earlier.
And for a second I thought she was a better investor than I am. She doesn't understand the concept of trading that she can always buy it again and if not move on. She bought more today. This girl is gonna make me poorer. I have made money in similar market before. This is my kinda market and there is no way I would have allow myself to lose 15 to 20 percent gain in less than a week.
<br />Posted via BC Mobile Edition (1)

Zeeshan
August 24, 2011, 09:17 PM
iDumb now is the right time to invest in iPad shares after Job's resignation

http://news.yahoo.com/steve-jobs-resigns-ceo-named-chairman-224223853.html

iDumb
October 26, 2011, 12:28 AM
anyone owns netflix? LOL

iDumb
November 3, 2011, 08:24 PM
Groupon prices IPO at $20 per share
Daily deals pioneer Groupon prices IPO at $20 per share, expected to begin trading Friday (http://finance.yahoo.com/news/Groupon-prices-IPO-at-20-per-apf-4213860115.html?x=0&sec=topStories&pos=2&asset=&ccode=)

Now, with its IPO priced, Groupon is expected to make its trading debut Friday on the Nasdaq Stock Market under the ticker symbol "GRPN"


Grop on!!

iDumb
November 3, 2011, 08:31 PM
btw, facebook is the only IPO internet stock I endorse. This linkedin ,groupon - they should be monitored for trading habits leading up to it. Just my opinion.

iDumb
January 24, 2012, 07:40 PM
aapl blew away wall steet estimates. what an amazing company. microsoft dream computer in every house , aapl reality iproduct in ur pocket, desk bag, living room , car, even if u are in djibouti.

iDumb
January 27, 2012, 06:40 PM
may 2011

Things are heating up already... Let's see how it goes, come on facebook - announce your IPO already. i value facebook at 100 billion (double GS valuation of 50). No LOGIC, just cuz I feel like it.....


:)

consensus is they are to raise 10 billion dollars giving it a valuation of wait for it .. 100 billion.

i wish facebook ipo was had much earlier in the phase, it is difficult to trade when everyone starts thinking similarly.

given facebook current monetary model and returns, over 100 b maybe pushing it but potential for it is without a doubt there.


http://digg.com/newsbar/topnews/breaking_facebook_to_file_for_ipo_next_week_report _1

Zeeshan
January 27, 2012, 08:44 PM
orphy start a blog..and i mean in a nice way

iDumb
January 28, 2012, 12:24 AM
yeah i know i am the only one posting here. Market always excites me and i want everyone here to know why and that u should be in it too. 90% of you here probably dnt even understand how market moves forget about why. so it's easier to post things here without wasting time to write the reason behind my text.

anyways, anyone has thoughts on netflix. I think it may recover close to it's previous levels. what do u guys think.

Zeeshan
January 28, 2012, 12:36 AM
yeah i know i am the only one posting here. Market always excites me and i want everyone here to know why and that u should be in it too. 90% of you here probably dnt even understand how market moves forget about why. so it's easier to post things here without wasting time to write the reason behind my text.

anyways, anyone has thoughts on netflix. I think it may recover close to it's previous levels. what do u guys think.

No you dweebo. I really meant it. If you make financial news colorful using your personal touch, I'd personally look forward to reading it once in a while. :)

shaad
January 28, 2012, 08:02 AM
Orphy,

Zeeshan's idea isn't bad. But do post your rationales here too. I enjoy reading them.

HereWeGo
January 28, 2012, 12:15 PM
yeah i know i am the only one posting here. Market always excites me and i want everyone here to know why and that u should be in it too. 90% of you here probably dnt even understand how market moves forget about why. so it's easier to post things here without wasting time to write the reason behind my text.

anyways, anyone has thoughts on netflix. I think it may recover close to it's previous levels. what do u guys think.

I am confident that both netflix and nokia shall recover.......

not too confident abt RIM tho!!

Nasif
January 28, 2012, 04:18 PM
Got me some axl when it was ~7, it's at ~12 now; time to cash in?

I wonder when C will get out of sub 40; reverse split killed me :(

Zeeshan
January 28, 2012, 04:32 PM
Stop showing off Nasif-da. Eishbo axel faxel mumbo jumbo bujhi na.

iDumb
January 28, 2012, 09:15 PM
nasif has every right to boast if he is able to get a stock yielding close to 100 pc. but it has to be compared to index. anyone who can consistently beat the index has all the bragging rights.

but its unfortunate, his second line. brother bought citibank. this is classic consumer bias. i have been saying citigroup was a pos since 2009. but if u have a good entry point then its not bad. c should be bough cose to 3 dollars or 30 dollars and sold close to 5 or 50 dollars pre and post split. i dnt think split has much affect on the stock. if anything reverse split is SUPPOSED to be good. many institutional buying restricts stocks purchase under certain price ie under 5 dollars. so by reverse splitting c opening its doors to potential institutional. / mutual fund buying. often it is the power of institutional buying that moves a stock significantly.

anyways C will remain a shitty stock in years to come.

iDumb
January 28, 2012, 09:20 PM
rim should try to sell itself to another comapany - thats the only way it will go up. currently the company is under 10 billion. can be purchased by anyone but who that is the q.

Zeeshan
January 28, 2012, 10:30 PM
What Orphy says:

http://4.bp.blogspot.com/_vIR9lEpVYYw/TNN7mEL-_KI/AAAAAAAAO10/j8aoxTBKxtA/s1600/mga.jpg

What he really means:

http://www.filmofilia.com/wp-content/uploads/rg012009/2009-03-26-122472/tn_the_taking_of_pelham_123_photo-5.jpg

While Nasif, Zunaid and Shaad yodels away:

http://newswires-americas.com/uploads/markettalk/2010/04/benny-goodman.jpg

Zunaid
January 28, 2012, 10:32 PM
While Nasif, Zunaid and Shaad yodels away:



?

First time posting to this thread. So count me out as the yodeler and add yourself. I'm busy creating companies for others to invest in.

Zeeshan
January 28, 2012, 11:05 PM
?

First time posting to this thread. So count me out as the yodeler and add yourself. I'm busy creating companies for others to invest in.

Come'on Doc that was in jest. You _did_ post in General Questions Thread.. :)

Zunaid
January 28, 2012, 11:13 PM
And you couldn't ingest my comments made in jest?

shaad
January 29, 2012, 08:12 AM
While Nasif, Zunaid and Shaad yodels away:



?
First time posting to this thread. So count me out as the yodeler and add yourself. I'm busy creating companies for others to invest in.

Count me out too. Only Bengali I knew who could yodel was Kishore Kumar. :)

iDumb
February 3, 2012, 07:36 PM
nobody cares? this is an interesting bull market - election year. the real q is can dow break 13 k. i already said back in may dow would swing between 11k to 13 k (when wall st was spreading double recession fear) if no new changes are seen ie european default crisis, lack of job growth. if i m to go with how i though back then i should get out now but momentum is on bull side.

just because this is an election year, i will ride it out. dow to above 13k.

iDumb
February 3, 2012, 07:41 PM
These flash crashes are bullshit. Looks more corrective than panicky. Market supposed to react in anticipation of news, this time the flash crash was after an expected news came. Nothing happened to any solid stocks. When everyone is panicky and looks for the exit, that's a good entry point going against wave. When everyone has money in the side, waiting to get in despite 500 points crash I would say market is pretty stable. Nothing really changed in last 6 months. Dow is gonna trade in the 11000 and 13000 range. So yeah I would say it's a good entry point with some low and slow profit. But if down crack below 11000 or whatever support level, I would hold on till fear sweeps across the board affecting good stock like aapl amzn goog isrg etc.
<br />Posted via BC Mobile Edition (1)

:)

ok i will not quote myself in future again.

BANFAN
February 5, 2012, 03:55 PM
Facebook releasing shares for the first time ..... Try to get it udumb..... It will go wild when it comes to secondary markets..

iDumb
February 10, 2012, 09:50 PM
Nice article behind market movement. Because of this type of things, technical analysis work.


Turbo-traders take Bank of America for a ride
High-frequency traders target Bank of America, and investors go along for a wild ride


By Pallavi Gogoi, AP Business Writer | Associated Press – 13 hours ago

NEW YORK (AP) -- On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.
It's Bank of America — bailed out by the government three years ago, reviled for being part of the mortgage frenzy that helped wreck the economy and selling for not much more than an ATM fee.
When the market goes up because of positive news about the economy, Bank of America stock shoots up past the stocks of other big banks. When traders get worried about Greek debt, Bank of America takes the biggest plunge.
The big swings are not driven by a fundamental bet that the bank will be more profitable because the economy is getting better or a real concern that it will lose more money than others if there is a default in Greece.
Instead, Bank of America is the stock of the moment for high-frequency trading, the supercomputer-driven buying and selling that barely existed a few years ago and now accounts for as much as two-thirds of U.S. trading.
The bank's single-digit stock price and flood of shares on the market — three times as many as its nearest big-bank competitor — make it an attractive target for hedge funds and banks that employ high-powered, computerized trading.
"The movement of Bank of America stock on most days has nothing to do with Bank of America," says Joseph Saluzzi, co-founder of brokerage firm Themis Trading.
In other words, the stock moves because it moves. Bank of America stock has risen or fallen 1 percent or more on 20 days this year. The Standard & Poor's 500 index has only done it three times.
For the year, Bank of America is up 46 percent, best of the 30 stocks that make up the Dow Jones industrial average. Big banks collectively are up 15 percent.
In high-frequency trading, investors use computer algorithms to exploit small changes in a stock's price. If a computer can seize on a stock like Bank of America a fraction of a second faster than the rest of the market, it can book a tiny profit.
Those pennies add up over tens of millions of shares a day to produce big gains. And when computers rush to buy or sell a stock like Bank of America, it can result in accelerated moves in the stock price. Buying leads to more buying, selling to more selling.
Bank of America is part of the Standard & Poor's 500, and therefore held in mutual funds in the retirement accounts of millions of Americans. And mutual fund managers hate high-frequency trading.
Not only does it make the stocks in their portfolios more volatile, but fund managers fume that high-frequency computers can detect their stock orders, step in to change the price of a stock slightly and pocket a small profit.
"It has nothing to do with the fundamentals," says Leon Cooperman, a billionaire investor, chairman of hedge fund Omega Advisors and former CEO of Goldman Sachs Asset Management.
For computers to move in and out quickly, there must be enough shares available to trade. Bank of America has a truckload — 10.5 billion shares outstanding, compared with 3.8 billion for JPMorgan Chase and 2.9 billion for Citigroup.
The stock traded as high as $15.31 last year. Then investors, worried about how deep the bank's mortgage problems might be, drove it below $10 in July. High-frequency traders pounced, and Bank of America's volume exploded. It was 147 million shares last summer. On Thursday, 477 million shares changed hands.
The low price put it in the sweet spot for high-frequency trading. If a high-frequency operation is trading blocks of 100 shares at a time to capitalize on a 1-cent change, there's a lot less risk working with a $5 stock than a $500 one.
It makes Bank of America "a juicy trade at very little risk," says Adam Sussman, director of research at Tabb Group, a markets advisory firm.
In 2009 and 2010, Citigroup, then part-owned by the government, was in the same spot. Its price was in single digits, and it seesawed day to day. It was often the highest-volume stock — as many as 500 million shares changing hands in one day.
Last year, Citi reduced the number of shares by exchanging one share for every 10. That brought its stock price up — $33 on Wednesday — and high-frequency traders stopped flocking to it. Volume on a normal day has dropped to 50 million.
Bank of America went the opposite way in November and December and sold 400 million more shares to the market to raise $3.5 billion and improve its financial stability.
Today, some investors — the human ones — are buying Bank of America because they like CEO Brian Moynihan's efforts to shore up the company's finances. Other investors won't touch it because they are afraid of the billions Bank of America is still spending to fight mortgage lawsuits. Charles Bobrinskoy, director of research at Ariel Investments, even calls the company "unanalyzable."
But none of those groups is driving the stock. Some days, it moves with little or no tangible reason.
On Jan. 5, the stock jumped 8 percent with no explanation. The Wall Street Journal blogged that the stock was rising on "reports/rumors/blind hopes" about President Barack Obama appointing a new head to the federal housing agency.
On Jan. 10, a Barclays bank analyst lowered his price target on Bank of America stock and Morgan Stanley and Zacks Investment Research downgraded the stock. The stock didn't fall — it popped up 6 percent more.
Analysts say high-frequency trading is partly responsible for the huge daily swings in the market in 2010 and 2011. The technique gained notoriety after May 6, 2010, the day of Wall Street's "flash crash." The Dow fell almost 1,000 points in minutes, bewildering traders and inciting panic. The market recovered to close down 348 points.
High-frequency trading was blamed and attracted scrutiny from regulators. The Securities and Exchange Commission didn't ultimately blame high-frequency trading for the crash, but said it exacerbated the decline. Regulators haven't done anything to curb it.
Sometimes high-frequency traders don't even profit from the trade itself. They buy and sell shares at the same price and make money by sending large orders through the exchanges.
NYSE, Nasdaq and others want to attract the most traders. So they offer rebates of 20 to 32 cents per 100 shares to traders who send in large orders. On the electronic exchange NYSE Arca, traders who can move 35 million shares pocket a quick $112,000.
"Rebates will be the same no matter what the price, so the computers keep trading all day long," says Keith Bliss, senior vice president at brokerage firm Cuttone & Co.
Bank of America says it has no position on high-frequency trading. At some point it could reduce its shares, as Citi did. But the bank is focused on strengthening its finances, the reason it sold more shares in November and December.
Bank of America's chief financial officer, Bruce Thompson, told reporters in January that the bank isn't likely to buy back stock this year. So for now, those human investors will have to buckle up for the ride.

iDumb
February 10, 2012, 10:08 PM
Facebook releasing shares for the first time ..... Try to get it udumb..... It will go wild when it comes to secondary markets..

Brother, I wouldn't touch face book for first 1 month if i am to invest. It's good maybe for a trade in 3rd or 4th day when dumping would happen but it is a very very risky stock to be in with REAL money. One has to be a very deciplined trader to be able to potentially make money off of this.

I mean it's easy to say go buy it, you have to give me a gameplan and what you think will happen.

This is how i think it willl play out - facebook's hyped up value is 100b. They will release IPO price in around 65B or so (intentionally "undervalued") which gives a potential momentum for 100 b + run up. But this 65B offer would be available to the big boys - by the time market opens, it will open at arond +40% to 50% to around 95 B, then maybe run up a lilttle toward 100B and then the exchange of hands and dumping would start.

But given such a high exuberance retail (ie you and I and facebook users) there would be lot of collective demand preventing the downward spiral on profit taking. I consider this a very risky venture above 100b, i mean what is your upward potential 20%? Trade bac instead. I would be a buyer at 70-75B though if swing bring the price around that or in a month.

again this is based on "feelings" very minimal logic - mostly market psyche rather. maybe it will be no where close :p

BANFAN
February 12, 2012, 12:58 PM
Since I'm not buying stocks myself... Because I would rather invest in commodities rather than in fragile stock markets IMO... I believe in physical commodities rather than commodity shares even...given the financial and political scenario of current time commodity (Gold/Silver/Precious Metals) is the safest investment. Dollar and euro may become toilet papers tomorrow, but gold/silver won't. Do you know that that silver will extinct by 2020? so if you have a quantity of it... You can expect 500-600% return in 5-7 years. ;) ......:)

Ok regarding Facebook shares... As much as I know they will go for issuing IPO, where you can buy it on face value instead of hyped up market price. Then you take the advantage of selling a part of it when the shares will be released for trading in the secondary market. Wait for 3-6 months before selling, the value will hype upto 3-400 % as per most analysts. Then sell it before it falls and settles at around 50-100% higher than the face value... That will be another time for buying, since it will again go high after that but in a stable way...

iDumb
February 12, 2012, 10:38 PM
Ok regarding Facebook shares... As much as I know they will go for issuing IPO, where you can buy it on face value instead of hyped up market price. Then you take the advantage of selling a part of it when the shares will be released for trading in the secondary market. Wait for 3-6 months before selling, the value will hype upto 3-400 % as per most analysts. Then sell it before it falls and settles at around 50-100% higher than the face value... That will be another time for buying, since it will again go high after that but in a stable way...

I am not sure what you mean by that you can buy facebook at ipo face value. i highly doubt that an individual investor without significant capital can buy shares at the price they will set for ipo before it comes to nyse. let me know how i dnt know abt this.

if you think fb is gonna go 400 pc in 3 months, why would u buy silver to have 400 pc in 5 years? i think it is worth the risk if u are convinced.

however, there is no way in hell fb is gonna be up 400 pc in 3 months. lol. which analysts are these? if it ends up happening, its ok - no regrets, i could potentially quadruple my money in casino too which is devoid of any logic and based on chance.

iDumb
February 12, 2012, 10:44 PM
but ur thoughts for price dynamics isnt bad.

iDumb
March 6, 2012, 06:34 PM
what the hell is going on? i lost a lot of money today. this doesnt look good. market down with above avg volume.

i dnt like losing money. honeymoon is over. any thoughts on whatt to do. i think i should get out of financials.

goru
March 6, 2012, 07:16 PM
I didn't lose that much today... just 0.7% of my portfolio.

I'm at nearly 100% gains on my shares of V (now a huge part of my portfolio)... not sure if I will need to sell it anytime soon!

iDumb
March 6, 2012, 08:59 PM
yeah credit card stocks are good. my favorite has always been mastard card though. By financials i meant bank stocks. i sold my bac position when dow stalled at just below 13 k on low volume, i ddint like the volumes past 2 weeks. fas i held thinking if overall market moves upward (which would primarily be driven by european debt/bank rescues, job growth) by default banks (the cause of recession) would be up signifivantly. but now if dow drops in fear of the same crap for last 1 year, bank stocks woild be first to suffer; not apple. thats why i am scared. i lost a lot of money past 3 days.....u cant hold this type of stocks .. gotta trade with market sentiment.

iDumb
March 9, 2012, 08:17 PM
so fas recovered, told wife to sell it, stupid b didnt. this is what happens when u have no access to market or way to bz at bulshitt job.

anyways, now i put a sell on all fas my shares for monday for any price above 92, ideally i want 95. hopefully it gaps up on monday.

i had a good run last 3 to 4 months... getting close to 70 pc return on my total investment.

i will start buying again if market drops to my liking or down breaks 13 k on good volume and stays.

i am also contemplating of putting all my money in index and not worry abt market but then its boring .

iDumb
March 14, 2012, 12:46 AM
ouch!!! i cant belive market shook off the weak hands and i was one of them. what a dimb fughr i am.

this is one of the best bull market i have seen in my 10 plus years of market following.

iDumb
May 3, 2012, 05:01 PM
Facebook sets $28 to $35 price range for IPO
Facebook sets $28 to $35 per share for IPO, could raise as much as $11.8 billion

http://finance.yahoo.com/news/facebook-sets-28-35-price-194849057.html

Facebook has set a price range of $28 to $35 for its initial public offering of stock.
At the high end, this could raise as much as $11.8 billion. If the underwriters sell the extra stock reserved for overallotments, the IPO will value Facebook at $79.3 billion at the high end of the price range.
That's much higher than any other Internet IPO in the past, even Google Inc. in 2004, which raised $1.9 billion. The range came in a regulatory filing Thursday.
After that, Facebook will go on an "IPO roadshow," where executives talk to potential investors about why they should invest in the stock. If all goes well, Facebook's stock is expected to price on May 17 and make its public debut on May 18.
Facebook's IPO has been highly anticipated, not just because of how much money it will raise but because Facebook itself is so popular. The world's largest online social network has more than 900 million users worldwide.

iDumb
May 3, 2012, 05:06 PM
so if at $35, it is valued at 80 billion, at 28 a share, the valuation would be 64 billion.

feb 10th
This is how i think it willl play out - facebook's hyped up value is 100b. They will release IPO price in around 65B or so (intentionally "undervalued") which gives a potential momentum for 100 b + run up.

Let's see, couple of weeks left.

goru
May 18, 2012, 02:41 PM
Logged into my brokerage account today and saw this:

Facebook (FB) Orders and Delayed Reports

NASDAQ has reported an issue in which execution reports are delayed for Facebook (FB) orders. This is an industry-wide issue. Scottrade is processing executions back to clients as they are received. Thank you for your patience.

I was still able to buy some FB... going long!

Nasif
May 18, 2012, 02:46 PM
Yahoo 11/12 years ago.

goru
May 18, 2012, 03:08 PM
And of course, first thing I see when I log into Google+ today:

<iframe width="640" height="360" src="https://www.youtube.com/embed/8R9WPchrOu0?feature=player_embedded" frameborder="0" allowfullscreen></iframe>

iDumb
May 18, 2012, 03:27 PM
Goru didn't watch the video as in a store

How much did u get fb for? From the looks of it not too many keen on above 100 b .... this is a good thing, sensibility is there..long is good.
I will stick to original plan if goes toward 70b with market down will purchase.

goru
May 18, 2012, 03:39 PM
how much did u get fb for?

$38.03

...

iDumb
May 18, 2012, 03:46 PM
Great good luck.

goru
May 18, 2012, 03:50 PM
BTW, the best stock on my portfolio so far has been V... I bought in soon after IPO and averaged out at around $59 and just held on... almost doubled my money now.

Zeeshan
May 19, 2012, 01:04 AM
Ki bondhura, fesbook sharer lyendyen kirokom hoche...up na down

iDumb
May 21, 2012, 12:21 PM
They priced the IPO price wring. I don't how they were valuing a company more than 100b with only 4b annual revenue. Also them paying for instsgram for that much money I thought was poor choice.

Fb stock movement would have always been on speculation while the early investors try to cash in. I think the stock would have some momentum if they priced it lower. Over 100b (which is a generous speculative, hyped up price) would always cause problem. Ppl are not stupid why would anyone pay more for a company that they are saying is "worth close to 100b". There was no upward potential.

I don't think it will crash or anything, I think their strategy was wrong.

Beamer
May 21, 2012, 12:59 PM
They priced the IPO price wring. I don't how they were valuing a company more than 100b with only 4b annual revenue. Also them paying for instsgram for that much money I thought was poor choice.

Fb stock movement would have always been on speculation while the early investors try to cash in. I think the stock would have some momentum if they priced it lower. Over 100b (which is a generous speculative, hyped up price) would always cause problem. Ppl are not stupid why would anyone pay more for a company that they are saying is "worth close to 100b". There was no upward potential.

I don't think it will crash or anything, I think their strategy was wrong.

Bingo.

The instagram was a joke. Wayyyyyy too much.

iDumb
May 29, 2012, 04:58 PM
i somehow resisted myself from buying fb today. it is priced at my type of level now but the prob is i would be trying to get under a falling knife......

in other news, rimm goes further down to oblivion.....

Zunaid
May 29, 2012, 06:25 PM
i somehow resisted myself from buying fb today. it is priced at my type of level now but the prob is i would be trying to get under a falling knife......

in other news, rimm goes further down to oblivion.....

FB is ripe for option trading.

iDumb
August 17, 2012, 08:46 AM
so who owns facebook. How far will it go down you guys think. zuckerbereg now says it hurts to see ticker in red..lol

and who owns apple? kudos...

Ajfar
August 17, 2012, 09:43 AM
I'm so glad I convinced myself not to buy any FB.

ammark
August 17, 2012, 11:40 AM
You could see this happening for years in advance. The stock was overhyped and overvalued in an environment where almost everything else is generally bottoming out. Great for whoever got in with a view to going short on this stock. Terrible for anyone who thought that this would be holding its value.

The only ones who profited greatly from this are probably the investment bankers and lawyers who made the suckers around the world swallow this crap. Over the long term though this stock might have some good left in it, tricky bit will be to identify when this stock hits it's medium term support level.

http://seekingalpha.com/article/606961-morgan-stanley-s-2-4-billion-facebook-short

iDumb
October 4, 2012, 11:46 AM
got out the market completely today... i think that was a premature move.. looks like dow going toward 14 k and up....

i expect job report to be good tomorrow..... but my stocks were very volatile.... so it felt safe to be out :(

iDumb
October 23, 2012, 10:18 PM
fb mobile revenue up. share up 15%... this maybe the turn around point.

aapl with mini ipad release dropped few insignificant points.. those who owns aaple share i dnt think give a damn.

dow worse day last 4 month....if 100 points drop tomorrow am..i want it to be beaten it down to 12500 in next few weeks....i am itching to get back in....my money just sitting idly losing its value.

i feel depressed when market goes up and i am not part of it but ecstatic when it goes down while i am in sideline.

goru
October 24, 2012, 01:55 AM
Got to near 141% gains on V a few days ago. It's a massive chunk of my portfolio now...

iDumb
October 24, 2012, 10:57 AM
Got to near 141% gains on V a few days ago. It's a massive chunk of my portfolio now...

Good but I am still 10x better trader than you any day.

V; ma were good long term picks despite bank crash.....I was all for it... just ck that other thread... Almist all of my post came true...

I am a freaken genius in a crashing market.

MohammedC
October 24, 2012, 11:01 AM
iDumb loves money. Therefore his nick should be iWise

goru
October 24, 2012, 05:52 PM
Good but I am still 10x better trader than you any day.

Yeah, that is probably true... since there's only been 3 or 4 days in the last 3.5 years that I've actually done any buying/selling.

iDumb
October 24, 2012, 06:50 PM
Yeah, that is probably true... since there's only been 3 or 4 days in the last 3.5 years that I've actually done any buying/selling.

u did the right thing with that stock not trading.

but i m still a better long term investor than u too. lol

but u may be better than most here...not me...i m the king!

iDumb
October 24, 2012, 07:09 PM
iDumb loves money. Therefore his nick should be iWise

everybody loves money..and i know u think abt money all the time....anyone who says they dnt like money is a liar or too poor.

and that was a silly nick...ppl gonna see the nick and immediately not ginna take me seriously..that was the idea...

anyone who thinks i m dumb is thw biggest dumass. like rubu lol.

goru
October 25, 2012, 01:05 AM
u did the right thing with that stock not trading.

but i m still a better long term investor than u too. lol

but u may be better than most here...not me...i m the king!

You let your wife / kajer bua do your trading for you. You are a king indeed.

mufi_02
October 25, 2012, 09:29 AM
I don't know whether to invest in stocks, mutual funds, or something else. Someone told me to look into penny stocks but that looks like a scam.

iDumb
October 25, 2012, 12:04 PM
I don't know whether to invest in stocks, mutual funds, or something else. Someone told me to look into penny stocks but that looks like a scam.
here is a short version, my opinion, experience of 15 years of market experience:

Index fund etf > mutual fund
Options trading of established companies > penny stocks
diversified multiple stocks safer than individual stocks but
the right individual stock like aapl TRUMPS everything else.

Or you can be like me... know everything about 2 to 3 stocks COLD...from fundementals to technicals to when the ceo has diarrhea... and trade the **** out of it...you wanna choose a stock that is well known, has high market cap, high daily volume.... but also has a decent swing..... then you look at overall market, and based on sentiments decide when to go in and get out...

simple.

iDumb
November 7, 2012, 09:30 AM
freaken news is funny... watching CNN... this idiot thinks market is down because of Obama win.

future is down only 100 points.. haha....freaken idiots...anybody could be on tv these days. I have been waiting in the sideline to back up my truck... when will it go down to 12500? or below 13000 crack that line ppl...

iDumb
November 7, 2012, 10:43 AM
ppl buying at 13K, needs to crack by the end of today.. followed by a down day tomorrow and we in a short bear market...... come on Obama, you can do it!!! I am itching... almost jumped in!!

iDumb
November 7, 2012, 10:59 AM
That didn't take long. Cracked 13K like a coconut wala.... Ladies and gentle, hold on to your lungis... we may officially be getting into a bear market... .

iDumb
November 15, 2012, 12:55 PM
so it took just a week to reach my goal of 12500, now I have no idea what to do? dukhmu naki, or should i ride it out till they drag this whole "fliscal cliff" till the end of the year?

I mean, with some certainty news, market gonna react very violently, up or down. it's a gamble, news can come anytime....'

And I think a lot of this selling is from profit locking to avoid impending raising of taxes on capital gain and dividends. Which mean, market should start to rise towards the end of the year as people who sold would start to come back in again. I mean, where else are people gonna keep their money?

I think market is oversold.

Zeeshan
November 15, 2012, 09:02 PM
how much does the bangledeshi superstar ananta jalil burn/earn...i am pretty sure he gets as much as doc and nasif da combined

iDumb
November 16, 2012, 06:22 PM
I think market is oversold.

today was a good day to get back in, when dow went briefly below 12500, I screwed up.. it's the freaken game last night, couldn't wake up on time. I think this is the reversal. I love it when market reacts exactly like that way I want.... but I screwed up big time. I hope I get a chance to get back in on Monday and it doesn't rally too sharply.

I mean they gonna avoid the cliff for sure, it wasn't the cliff, rather the lock in profit for the year that caused sharp down fall of market. Market would reverse for sure, the question is when, the timing.

This is why discipline is so important. from 12500 to 13500, a 1000 point dow rally awaits us.

iDumb
November 19, 2012, 10:29 AM
Market is violently positive today. I am so upset, bd game just cost me a $+4k trade. This is the type of thing I live for and wait for, I SCREWED UP.

iDumb
November 19, 2012, 03:00 PM
Come on guys, anybody made money friday and today? any active trader here?. You have to unless u are n f2934723 lazy like me watching cricket the thursday night to friday morning . I am so mad, I did enter market today but too late in the game..... Missed out on BIG trades, would have probably sold today if any.... as;ldhf; asdlhf asdlhf. Highlight of my vacation and patience RUINED!!!

How can you not make money when market behaved exactly to the point that you wanted.. shame shame on me. a'sdjfa'dsjf

Zeeshan
November 19, 2012, 03:05 PM
Come on guys, anybody made money friday and today? any active trader here?. You have to unless u are n f2934723 lazy like me watching cricket the thursday night to friday morning . I am so mad, I did enter market today but too late in the game..... Missed out on BIG trades, would have probably sold today if any.... as;ldhf; asdlhf asdlhf. Highlight of my vacation and patience RUINED!!!

How can you not make money when market behaved exactly to the point that you wanted.. shame shame on me. a'sdjfa'dsjf

i bought a pair of crisis share....paid off pretty well

iDumb
November 19, 2012, 03:08 PM
i bought a pair of crisis share....paid off pretty well

Stop dude. Talking to you on market trades isn't really much of an interest to me. Dude I just missed on >10 pc in 2 days trade. This is a SIN. People don't make that return in a year. What's your bank giving you .2 pc in a year with 3 pc inflation rate giving you negative return? There, perspective ok.

Ajfar
November 19, 2012, 07:20 PM
iDumb buy some gun stock man. With Obama/democrats in office, gun loving Americans will be worried about tighter gun control laws in the near future. I'm thinking about getting into Ruger, it's up around 45% since last year.

I have some money invested on Green Mountain right now. I was going to get into it much earlier, but decided to wait out and see what happens after their K cup patent run out. I finally bought into it last month. I read somewhere they are about to release a new espresso machine in addition to their keurig machine. Let's see what happens.

Zeeshan
November 19, 2012, 08:19 PM
Sorry Orpheus. I will not post here anymore. Jau you win.

iDumb
November 19, 2012, 09:47 PM
ajfar, I just looked at both your stocks. They look good. I don't know when u got into green mountain but today's activity shows there was money to be had. Maybe it will be a turn around story. I know with Obama's win gun stocks went up, but more than that, the appealing part of you ruger stocks is their dividend pay out. It's great. I usually don't like small companies (ie <1 billion for this case), giving out dividends as small companies should focus on growth unless u are apple, then you do both. But yeah not a bad idea.


My mistake was so dumb. I could have traded the safest stock on planet, apple, last couple of days because I KNEW the reason for the decline and reversal would be eventual and fundamentally it was screaming buy but you always want that a "bit lower" price. It was a short gift with apple going down to 500. The other trade is a highly risky one which i have been doing past year and a half, trading FAS. It fits my criteria well.

It's hard to invest otherwise, at least for me. Researching and choosing the right stock. Lots of time needed, which i don't have. So sometimes i prefer the easy route, like parking money in index etf like spy or dia. But they are too safe play.. idea is to beat the market. I mean just couple of trades last week and today would have yielded more than spy can over a year. But then one wrong move you are screwed.

My goal is to accumulate a decent sum of money, just buy index etf and forget about them ( i have to figure out their fees, i haven't looked it at yet), and keep a decent cash amount on the side - always waiting for market to give me opportunities for short trades when I get the time.

or you guys can research for me and try to come up with the next apple on this thread. :p

BengalT
November 20, 2012, 05:34 AM
Can someone please help me to identify Three Strategic Business Unit for Facebook PLC?

Zunaid
November 20, 2012, 05:41 AM
Can someone please help me to identify Three Strategic Business Unit for Facebook PLC?

Homework?

BengalT
November 20, 2012, 05:54 AM
Homework?

its part of my business report, final year student, university. The report is on facebook plc. I thought this thread will be very useful. :)

Zunaid
November 20, 2012, 06:20 AM
its part of my business report, final year student, university. The report is on facebook plc. I thought this thread will be very useful. :)

My recommendation is do your own work. Ask for advice or clarification but do the REAL work yourself.

So you tell us what do you think are the major strategic units of the PLC and what do you think are the important ones. We may comment and you can use the feedback then. Not before.

PS: Just read their SEC filing prior to their going public (IPO).

BengalT
November 20, 2012, 06:28 AM
My recommendation is do your own work. Ask for advice or clarification but do the REAL work yourself.

So you tell us what do you think are the major strategic units of the PLC and what do you think are the important ones. We may comment and you can use the feedback then. Not before.

PS: Just read their SEC filing prior to their going public (IPO).

thank you, I understood your point, its was part of my research and the work I will do is by myself with academic articles. I was merely saying to get ideas and opinions. I have managed to find few Strategic business unit such as advertising, payment and charges and unable to find the third one. just asking for opinions and what people might think the SBUs are of face. thanks

iDumb
November 20, 2012, 11:01 AM
thank you, I understood your point, its was part of my research and the work I will do is by myself with academic articles. I was merely saying to get ideas and opinions. I have managed to find few Strategic business unit such as advertising, payment and charges and unable to find the third one. just asking for opinions and what people might think the SBUs are of face. thanks

Given FB is currently a public company, there should be plenty of financial reports available, ie from thrompson reuteurs etc. Your uni should have access to that.

I don't know what strategic business unit fb has.... advertising & payment charges seems the obvious ones.. you can venture into looking at their attempt to monetizing mobile sector that has been their enigma, maybe that's a separate sbu.

Good luck and happy researching.

here is a fb news today: http://finance.yahoo.com/news/remember-facebook-wanted-phone-number-150738396.html;_ylt=AvQp7_ho3vxYEXlv12A7d2KiuYdG;_ ylu=X3oDMTNyNzFtOTRvBG1pdANGUCBUb3AgU3RvcnkgTGVmdA Rwa2cDNzI3N2U1YjYtMzhmNS0zMTAwLTkwMTAtMWE2ODM0Mjc4 ZjM3BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyA2E4OTk4OTQ4LT MzMmEtMTFlMi04YzAwLTNjZDkyYmZmMjAxNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Ajfar your stocks are doing well. you always have good timing/or lucky for some reason :)

BengalT
November 20, 2012, 11:14 AM
@Idumb thanks bro, have already done research on common websites like Yahoo Finance, Reuter, Google finance, etc. but thanks for writing back.

iDumb
November 20, 2012, 11:20 AM
maybe there is no third one then :)

I didn't mean you looking at public sites.. there are paid reports, free for unis, that should have good summarized info. You know the reports where they recommend if a stock is a buy, hold or sell.. Those reports have everything....they pretty much lay out how and what percentage of money comes from where.

I don't work for fb, to answer you, i would have to look it up as well....

BengalT
November 20, 2012, 11:25 AM
maybe there is no third one then :)

I didn't mean you looking at public sites.. there are paid reports, free for unis, that should have good summarized info. You know the reports where they recommend if a stock is a buy, hold or sell.. Those reports have everything....they pretty much lay out how and what percentage of money comes from where.

I don't work for fb, to answer you, i would have to look it up as well....

there are few, and the teacher hinted it is something to do with social platform.

BengalT
November 20, 2012, 11:26 AM
maybe there is no third one then :)

I didn't mean you looking at public sites.. there are paid reports, free for unis, that should have good summarized info. You know the reports where they recommend if a stock is a buy, hold or sell.. Those reports have everything....they pretty much lay out how and what percentage of money comes from where.

I don't work for fb, to answer you, i would have to look it up as well....

Very expensive, I need a bloomberg terminal for that, 1500$ per month:D

but thanks for the info.

mufi_02
November 20, 2012, 11:41 AM
Any suggestions about which trading site is good? I looked into E-Trade and ScottTrade and saw both of them have high fees for each transactions (buying/selling). I want to enter into the market but my initial investment is low and whatever profit I am expecting will be lost due to this transaction fees. I might end up in the negative.

Ajfar
November 20, 2012, 11:59 AM
I use Zecco $4.95 per trade, it's pretty good.

Green Mountain opened 10% this morning!! They are suppose to be reporting their earning next week, hopefully this continues up till next week.

And Ruger just announced a special $4.50 dividend per share, that's almost 10%. That's huge.

Nasif
November 20, 2012, 12:05 PM
Any suggestions about which trading site is good? I looked into E-Trade and ScottTrade and saw both of them have high fees for each transactions (buying/selling). I want to enter into the market but my initial investment is low and whatever profit I am expecting will be lost due to this transaction fees. I might end up in the negative.

https://www.sogotrade.com is probably the cheapest one out there at $3 per trade (no limit on volume). Never had any problem.

iDumb
November 27, 2012, 06:54 PM
Ajfar your stocks are doing well. you always have good timing/or lucky for some reason :)



Green Mountain opened 10% this morning!! They are suppose to be reporting their earning next week, hopefully this continues up till next week.

e.

ajfar my man, you have given me renowed faith in my intuition. you have one lucky bstrd. you have a good knack for market and timing. keep it up. out of all young lazy peeps in bc, you have a pretty good chance of becoming a young milliinaire. good thing u stopped talkimg abt penny stocks....this is how u trade and invest. brain and luck.

your green mountain coffee released earningtoday, blew away estimates. stock it seems was way over sold. up 25 percent in after hours. how much is that now up 40 pc already now since we last spoke abt it. i hope you invested good amount. good job. :up::up:

anyone got out of the market last friday? i probably would have done that had i got in on time, went in late.. not enough gain.... will ride out the upcoming storm if any, will buy on market weakness.

Ajfar
November 27, 2012, 07:03 PM
I been keeping eye on this thing since Monday. I had a feeling this was going to be a good week. I first learned about Green Mountain from my Colleague, the guy I replaced inherited some 20,000+ shares of Green Mountain from his grand parents. My colleague got in it earlier this year. So I decided to look into it, and after doing some research I finally decided to get in and hope for the best. Not bad for a first timer.

iDumb
November 27, 2012, 07:11 PM
good job.. thats how you do stock market.. get tips from anywhere and research the crap out of it and make a judgement call.

anywyas, to warn any idiot who wnats fast money with penny stocks.. here is a new news

http://www.theregister.co.uk/2012/11/26/icoa_google_buyout_fake/

dont get burned... money can be made properly..... learn from ajfar bahi who owes me a dinner in a bangalee restaurant... nothing less than my favorite dish... golda chingri..... with his new found riches.

deshprem
November 28, 2012, 07:40 PM
does anyone trade futures/derivatives?

iDumb
November 29, 2012, 07:46 PM
does anyone trade futures/derivatives?

i haven't done it yet. i sent a form once many years ago to my online broker for access to trade options, they sent me the form saying list ur assets... i didnt have any....never completed it.

do you? share ur thoughts and experience here.

Zeeshan
December 6, 2012, 01:50 AM
Have you seen this Orphs?

<iframe src="http://www.youtube.com/embed/oNjBGc_jG1g" allowfullscreen="" frameborder="0" height="315" width="560">
</iframe>

<iframe width="420" height="315" src="http://www.youtube.com/embed/8Hz1MlmiGYA" frameborder="0" allowfullscreen></iframe>

deshprem
December 6, 2012, 03:27 AM
i haven't done it yet. i sent a form once many years ago to my online broker for access to trade options, they sent me the form saying list ur assets... i didnt have any....never completed it.

do you? share ur thoughts and experience here.

Yeah they're very careful about risk. I trade off a platform, on a demo n live account. So I don't go through brokers and stuff.

It's pretty intense I started on n off , but slowly got into it n did trainee trader internship trading US bonds n t notes. For the 2 months I did it for , my life revolved around the US time zone...and when ur Sydney...that isn't easy to do everyday lol.

consistent Profit making isn't easy, but the right techniques at the right time and a lot of patience n discipline is key

But all in all, it's most stimulating, thrilling and nervous job there is and the best way to immerse yourself in global markets.

What about u ? What's your story with equities? I find they're good long term investments...but short term wise...the volatility in futures is freaking awesome

iDumb
December 14, 2012, 10:54 PM
iDumb buy some gun stock man. With Obama/democrats in office, gun loving Americans will be worried about tighter gun control laws in the near future. I'm thinking about getting into Ruger, it's up around 45% since last year.



One good idea you had. coffee maker, a bad idea this one. I am a socially responsible investor, or you can call Halal investing. Time for this stock to crash....

Do I think anything is gonna change in terms of laws, no. It will remain broken. But there will be lot of noise and pressure to do something in coming weeks.. and market don't like uncertainty. All these guns stocks need to go into oblivion...

No investing in cigarrette, guns, liquors. casinoes and all that other nonsense...

Ajfar
December 14, 2012, 11:07 PM
^ I didn't get in, I changed my mind at the end. This stock won't crash. Gun sale is at all time high right now. Event like todays will have opposite effect on a lot of Americans. It's stupid but its the truth. People will say what if somebody attacked me like that in my house, I want to be prepared to protect myself, looks like its time to buy a gun.

iDumb
December 15, 2012, 09:34 AM
you didnt understand my point. i didnt say it was gonna crash, i said it needs to crash.... also it is not what u think ppl will do that is gonna matter, right now market movement will be based on noises from washington and policy changes, ie making extremely difficult to purchase weapons. And getting rid of th e right to bear arms (unlikely).

my post was mostly being socially responsible, i can not live with a thought that i am contributing to the growth of a company whose product does evil time to time....

that is the reason i also mentioned, ciggs, alcohol gambling stocks as well....

iDumb
December 15, 2012, 09:46 AM
for over all market, I think all this time no news from washington was good news, now any major events taking over fiscal cliff talk as we approach the end of the year will be bad news... as we approach end of the year, all we need on tv is we have good deals, fiscal cliff this, fiscal cliff that....

i am gonna get out of the market if washington starts talking about any other events in world instead of cliff in coming days... i wanted to get out earlier this week actually.. dow back to mid 1300s... but figured its worth holding as we talk fiscal bull....

iDumb
December 18, 2012, 02:40 PM
So afjar bro. Ur gun stock fell 4 PC yest and 8 PC today.. More than 12 PC in 2 days.... While the overall market is running high...

So what does it mean. It means never argue with a swing trader. I might not be able to predict whats gonna happen to a stock a year from now but I sure hell can give u some good predictions with a week period time.....

Now the real problem I have is when to get out..... Market showing no signs of fatigue.... I think I will lock my gain by the end of the week. Tempting today though.

Ajfar
December 18, 2012, 04:14 PM
^ Ya it did, ami expert na. Just my opinion. I think it will bounce back in time.

iDumb
December 18, 2012, 08:58 PM
The Sandy Hook Effect: Gun Sales Rise as Stocks Fall
By Javier E. David | Special to CNBC.com | CNBC – 6 hours ago


As lawmakers across the U.S. debate the possibility of new gun control laws in the wake of the Sandy Hook shooting, weapon sales in parts of the country appear to be on the rise.


Friday's massacre at a Connecticut elementary school that left 26 people dead - including 20 children within the ages of six and seven - has sparked a national conversation about imposing stricter legislation on the nearly $32 billion firearms industry.
The ensuing debate has had a few noticeable side effects. Anecdotal evidence suggests that gun enthusiasts are moving quickly to purchase new weapons - even as the prospect of tougher laws has sent the shares of several gun manufacturers plunging.
A spike in gun sales across the country started with President Barack Obama's reelection. Observers note that may be associated with the traditionally contentious relationship the Democratic Party has with the gun rights lobby. Some Second Amendment advocates fear the Connecticut tragedy will provide more impetus to efforts to restrict gun ownership.

Yet in places like Colorado, Ohio and Oregon, local reports have noted a surge in gun purchases occurring immediately after the Sandy Hook tragedy.
A representative for Colorado's Bureau of Investigation's (CBI) InstaCheck Unit told CNBC that firearms background check requests was in the throes of "record setting volume." The day following the Sandy Hook shooting the CBI received a one-day total of 4,154 requests -- a new historical peak.
Although numbers for Monday weren't readily available, Susan Medina, a CBI spokesperson, said that the day's numbers of submitted background checks "continued to be elevated," creating a sizable backlog that the organization is struggling to keep pace with.
The CBI "is working extremely hard to clear the previous day's queue to then launching to the current day's checks," Medina told CNBC in an emailed statement.

The National Instant Criminal Background Check System run by the Federal Bureau of Investigation - which oversees the impromptu investigations required for gun buyers - also saw similar volume to InstaCheck, the CBI stated. According to NCIS data, more than 16 million firearms related background checks have been run this year as of Nov. 30.
Meanwhile, gun maker stocks have taken it on the chin since the news on Sandy Hook broke.
Smith & Wesson (SWHC) stock tumbled eight percent over the Friday to Monday period, and on Tuesday the stock careened an additional 10 percent lower. Sturm Ruger shares also plunged by nearly eight percent in midday trading.
Both companies were hurt in part by news that private equity giant Cerberus Capital Management would immediately shed its stake in gun maker Freedom Group, citing the Connecticut tragedy.

http://finance.yahoo.com/news/gun-sales-rise-gun-shares-192612612.html

iDumb
December 18, 2012, 09:10 PM
NYC pension funds may sell $18 million in gun-related stocks
http://finance.yahoo.com/news/nyc-pension-funds-may-sell-000704761.html

Cerberus to Sell Gunmaker After US School Shooting
http://www.cnbc.com/id/100323238?__source=yahoo%7Crelated%7Cstory%7Ctext% 7C&par=yahoo


-----------------------------------------------------------------------------------------------------------------------------------
My text:

Knowledge is power bro. This is your investment opportunity. Guns sales sure will rise, no brainer there, it's common after mass shooting. But the real question is what do you believe. Will there be a legislative change for stricter gun control (which will be difficult, ppl go easy way out, meaning no change) - if there is stricter gun control laws then initially sales maybe high but long term wise it is insignificant and market looks at long term outlook, in a short term trading if that makes any sense lol.

Moreover, if there are institutional selling, then how will the stock move? Regardless of the performance of the company, it is the demands of buying and selling stocks that moves a stock price, not the company's product sales volume.. (look at apple lately). If institutions are dumping, the wave is against you....pennies from retail is not gonna stop the slide despite what you may believe.

Having said all that... market actions are typically knee jerking.... Over long term, everything will balance out and it is the fundamentals that will dictate stock price. Therefore, this is the perfect buying opportunity for you, if you think strongly about these companies.

Go right ahead.. pour all your money in. I don't think you will get any better opportunity.

But in life money is not everything, there are social responsibilities.... therefore, personally, I wouldn't touch these stock even if they given it to me at a level that makes sense (which is not far off)...technical analysis wise.

iDumb
December 19, 2012, 11:43 PM
so ajfar bhai, did u buy on dip yest. up 7 pc today.. lol...

easy money for socially irresponsible :p or smart ppl, emotionally detached.

iDumb
December 20, 2012, 10:49 PM
Now the real problem I have is when to get out..... Market showing no signs of fatigue.... I think I will lock my gain by the end of the week. Tempting today though.

What a shame!! tsk tsk.. Hold onto your lungis guys again, tomorrow's gonna be an ugly day. It was foolish to trust these political idiots to have people's interest first.

Major hit about to occur on my 2015 goal. Keno je lock in kori nai... banglai ekta kotha ache na...

greed --- sin --- death.. english ei boila fellam.

But wisdom of my man 50 cent holds: Get rich or die trying. And Have no regrets. :flag::flag:

Ajfar
December 20, 2012, 11:10 PM
so ajfar bhai, did u buy on dip yest. up 7 pc today.. lol...

easy money for socially irresponsible :p or smart ppl, emotionally detached.

Nope. I been sitting on Bank of America for a long while. That's about it.

MohammedC
January 8, 2013, 02:14 AM
[বাংলা]মুদ্রাবাজারে ডলারের তেমন চাহিদা নেই। বাংলাদেশি টাকা দিন দিন শক্তিশালী হচ্ছে। বিপরীতে মূল্যমান খোয়াচ্ছে মার্কিন ডলার। টাকা শক্তিশালী হলে প্রবাসী-আয় (রেমিট্যান্স) ও রপ্তানি ক্ষতিগ্রস্ত হয়। মধ্য মেয়াদে এই দুই পক্ষই নিরুৎসাহিত হয়। যে কারণে বাংলাদেশের মতো দেশগুলোতে ডলারের মূল্যমান ধরে রাখার একটা চ্যালেঞ্জ নিয়ে থাকে কেন্দ্রীয় ব্যাংক[/বাংলা]

http://www.prothom-alo.com/detail/date/2013-01-08/news/319502

Very confused ??? why don't we want our currency become stronger.

iDumb
January 8, 2013, 05:13 AM
tough and a debatable question. it supposedly gives us competitive advantage over other countries when it comes to garment exports, a bulk of our economy. for ex: gap is not gonna let bd make their clothes if they getting less taka (hence less service) with each dollar, they will find another cheaper place. and when that happens, our economy shrinks and a lot of ppl loses jobs...

or atleast thats how hypothetically it supposed to work....:p

iDumb
January 24, 2013, 01:14 PM
sold all my stocks today.... Thank you obama.... 30 pc in 2 months.


now i dnt mind few crashes here and there.... when they gonna start talkinng abt debt ceiling? maybe sold a bit too early by a month or so but...... i m locked and out...

iDumb
January 24, 2013, 01:17 PM
btw congratulations to anyone who was able to time play rimm and netflix. i totally didnt see the rimm rebound but netflix was foreseeable.

iDumb
January 27, 2013, 12:41 AM
http://finance.yahoo.com/video/personal-ackman-vs-icahn-live-173000194.html;_ylt=AtZ.rAoj1eFYqUZvM0HXBOqiuYdG;_ ylu=X3oDMTJ2dWc2anBzBG1pdANDTkJDIFRvcCBTdG9yaWVzBH BrZwMzNjc4M2U0Yy1hNGZiLTM2N2EtYmIyMi1hM2Y0NzcxMTA5 MmYEcG9zAzEEc2VjA01lZGlhQkxpc3RNaXhlZExQQ0FUZW1w;_ ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3 RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

fascinating stuff..

keep an eye on hlf (herbalife) and monitor its trading...live example of market manipulation foru guys. just watch and enjoy...the crooks playing with other ppls money..

Zeeshan
March 7, 2013, 10:43 PM
oprhy i have problem with impulsive spending. i think cuz its i am spoiled.. ammu abbu gives 20$ and i go out and spend it in a jiffy... abbu sends 1000s of dollars and i spend it in a week..

what to do? thanks... xoxo

Navo
March 10, 2013, 12:04 AM
Bangladesh to issue a sovereign bond worth US$ 500 million.

See More (http://www.thefinancialexpress-bd.com/index.php?ref=MjBfMDFfMDNfMTNfMV8xXzE1NTQ5MQ==)

It seems they'll be particularly targeting the Bond markets in New York and Singapore.

So is this a good idea? Yay or Nay?

Nasif
March 10, 2013, 12:30 AM
^^^ triple C rating will result in quite high interest rate. Without knowing the purpose or specific project, hard to say if its good or bad.

Good thing it's a start in the right direction. Bd is good in terms of payback on loans, so we might have good number of investors interested in this

Navo
March 10, 2013, 01:08 AM
I imagine it will. I feel that this issuance is tied to financing large scale infrastructural projects like the Padma Bridge, as in exploiting its credit rating stability to attract investors.

As of September, 2012, this is what Moody's said:

" Singapore, September 18, 2012 -- Moody's Investors Service says that the outlook for the Government of Bangladesh's Ba3 foreign and local currency bond ratings is stable.

Moody's sovereign ratings for Bangladesh's are based on low levels of economic and institutional strength, as well as low-to-moderate government financial strength, balanced against a low susceptibility to event risk.

According to a new report titled, "Credit Analysis: Bangladesh, Government of", while Bangladesh has achieved a track record for macroeconomic stability over the past decade, GDP per capita remains the lowest amongst all rated countries. Moreover, a reliance on private consumption--supported by worker remittances--and a poorly diversified export sector leave the country vulnerable to a further slowdown in global growth.

Since 2011, overheating pressures manifested themselves in rising prices and a deterioration in the balance of payments. While these have been contained recently, fundamental factors behind the shock--such as infrastructure constraints in the power sector--still need to be resolved in order to assure a sustainable growth trajectory of around 7% per annum."

See More (http://www.moodys.com/research/Moodys-Says-Bangladeshs-Rating-Outlook-Stable--PR_255428)

Obviously this is well before the current political strife. Not sure if this is the best time to issue such a bond, given that investor confidence isn't likely to be high. I read a Dhaka Bank report that highlighted the other dangers might be: foreign currency risks, further depreciation of the Taka (but that's always a risk when issuing a bond in a foreign currency), the high interest rate that you mentioned, the need to gather more expertise in this area as our domestic bond market is weak, whether we'll even be able to raise the income needed to repay this debt, etc.

deshprem
March 12, 2013, 10:31 PM
there's going to be a massive fall in the S&P soon. better be on the ride side.

iDumb
March 12, 2013, 11:19 PM
there's going to be a massive fall in the S&P soon. better be on the ride side.

Why? Market is undervalued I think. I think 2013 will be great year. S&P rode out despite apple failure which greatly weigns in sp. I made a mistake of selling early, it was a stretegic move, i thought sequester talk couple of months prior to the date would have some market reaction but it didn't, market riding on good data. I lost out on potentially huge gain on that decision.

The only problem I see is the current market psyche. "Fear" is not there in the market anymore. I have been telling my brother to invest in stock market since late 2009/early 2010. Everyone had fear, he didn't listen to me, brushed me aside... fast forward close to 4 years, he tells me the other day, market will be up for 2013, that's when I was a bit worried. Your regular joe wants to jump in. When everyone thinks positive, opposite will happen eventually - as too many ppl will bring money from side and falsely give rally..

I don't know about massive sell off in market soon though....based on what?? Data looks good.

deshprem
March 13, 2013, 12:13 AM
Why? Market is undervalued I think. I think 2013 will be great year. S&P rode out despite apple failure which greatly weigns in sp. I made a mistake of selling early, it was a stretegic move, i thought sequester talk couple of months prior to the date would have some market reaction but it didn't, market riding on good data. I lost out on potentially huge gain on that decision.

The only problem I see is the current market psyche. "Fear" is not there in the market anymore. I have been telling my brother to invest in stock market since late 2009/early 2010. Everyone had fear, he didn't listen to me, brushed me aside... fast forward close to 4 years, he tells me the other day, market will be up for 2013, that's when I was a bit worried. Your regular joe wants to jump in. When everyone thinks positive, opposite will happen eventually - as too many ppl will bring money from side and falsely give rally..

I don't know about massive sell off in market soon though....based on what?? Data looks good.

2013 will be great, but not before a correction. sure company earnings and fundamentals look good, but share prices have been rising due to low volumes and share buy backs- companies buying their own shares. and QE has propped up the markets- covering up the real deal. stock prices are undervalued with respect to volatility (VIX)- at all time low. there is not muc hfear, but there is complacency- and complacency kills.

you partly answered your own question as to why its going to fall. right now the avg person wants to go long...right now is when things will turn.

start an elliot wave from nov 2012 lows and you'll see more reason why...

iDumb
March 13, 2013, 12:34 AM
Not having fear means there is complacency and yes I was agreeing with you on a possible downtrend based on market psyche. In fact, I am praying for one. however, everything else looks good. You can talk about all the monetary policies and how it is artificially propping up market but market has been going up since 2009 till now, why would all of sudden 2013 create a crash?

Also if u thihnk 2013 will be great but there will be correction soon, you are still bullish. 'Nothing wrong with a correction for a long term investors. It's recession/market crash people fear.

I will be buying on any correction anyway. Just waiting for the opportunity.

You sound like you are short on stocks now... All I am gonna say is good luck, I wouldn't be short with my money.

deshprem
March 13, 2013, 12:42 AM
Not having fear means there is complacency and yes I was agreeing with you on a possible downtrend based on market psyche. In fact, I am praying for one. however, everything else looks good. You can talk about all the monetary policies and how it is artificially propping up market but market has been going up since 2009 till now, why would all of sudden 2013 create a crash?

Also if u thihnk 2013 will be great but there will be correction, you are still bullish. '

I will be buying on any correction anyway. Just waiting for the opportunity.

You sound like you are short on stocks now... All I am gonna say is good luck, I wouldn't be short with my money.

i'm still long from while ago, but i'll be closing and going the other way soon. yeh long term i'm bullish because the S&P is approaching its all time high- for a third time. it might be a false breakout- induce avg joes into longs and bang, down goes the market.

it's actually been going up on a whipsaw like fashion, and when that breaks its a far greater correction. long term, i think it'll break all time highs with strong conviction.

monetary policy has been propping up the markets since 2009 bro- it's all artificial, it would crash now because no one expects it to.

the thought is somewhat counter-intuitive/contrarian. but look at a chart of the S&P from 1990s and you'll se. and you have to believe markets are manipulated and stuff..the whole zeitgeist story. this correction could bring it down 1400s. who knows, 2014 might the start of the greatest bull period of our time. key global events will happen this year. stock markets are telling u everything. look at the nasdaq. triple top.

US govt needs a way to get all that QE mone out into circulation..something is going to happen soon.

iDumb
March 13, 2013, 01:01 AM
I agree with you somewhat actually but i am not that gloom doom type...

you can say Bernanke policies created a false stock market rally for past 4 years but all I know is I made money and I thank him for it. those dollars feel real to me.

Personally I think Bernanke saved US economy. He prevented another great depression but that's just my opinion.

anyways that's different topic, though i shouldn't say this but I hope there is a huge correction, and I hope you are right. I would love to have sp at 1400. I will back up my truck!

deshprem
March 13, 2013, 01:28 AM
I agree with you somewhat actually but i am not that gloom doom type...

you can say Bernanke policies created a false stock market rally for past 4 years but all I know is I made money and I thank him for it. those dollars feel real to me.

Personally I think Bernanke saved US economy. He prevented another great depression but that's just my opinion.

anyways that's different topic, though i shouldn't say this but I hope there is a huge correction, and I hope you are right. I would love to have sp at 1400. I will back up my truck!

Haha that's my man. Lets hope they keep taking it up n down n we can just milk it. Bernanke n greenspan did the same...prevent a sold called depression through loose monetary policy n in the process create growth through bubbles. Its the boom n the bust. Lets ride bro !!

iDumb
March 14, 2013, 09:12 PM
This market is not gonna crash. We are all gonna be losers.... I am gonna jump in next week. This rally is real. Man can't believe it's march already.....already lost couple of months waiting. Usually sell off happens in latter part of year.

Like I said before, it bothers me more to stay out of the market than be in it and lose money.... I feel depressed when everyone cheers and I am looking at their ugly successful faces from the side line...

Just thinking about all the money I let go, I feel like puking.... I am too smart for that to happen.

iDumb
March 14, 2013, 09:14 PM
sold all my stocks today.... Thank you obama.... 30 pc in 2 months.


now i dnt mind few crashes here and there.... when they gonna start talkinng abt debt ceiling? maybe sold a bit too early by a month or so but...... i m locked and out...

this is the comment i made in late january. I had my doubts when locking in... damn!!

iDumb
March 14, 2013, 09:27 PM
The rising stock market has pushed America's millionaire population close to its all-time highs before the recession.
Booming Market Adds 300,000 New US Millionaires

According to data from Spectrem Group, the Chicago-based wealth research firm, there are now 8.99 million U.S. households whose net worth totals $1 million or more (not including primary residence). That's up from 8.6 million in 2011 and just short of the all-time record set in 2006, when the United States had 9.2 million millionaire households.

http://finance.yahoo.com/news/booming-market-adds-300-000-150608288.html

And I am not even close to one of them. If I can't even make to a 300,000 people club, then what kinda of worthless pos am I? Pathetic. I gotta be smarter than at least few of those from there.

deshprem
March 15, 2013, 06:56 PM
Bull markets are born on pessimism, grown on scepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” - sir john templeton.

control yourself iDumb.

iDumb
March 15, 2013, 09:42 PM
Bull markets are born on pessimism, grown on scepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” - sir john templeton.



these are just random sayings... who the hell is templeton and why should i listen to him? there are a lot more to market than some random quote.......

2 years ago this quote also would have applied, but what happened?

I think I might buy on monday.. hopefully market is down.

i usually dont listen to other ppl specially experts unless they say what i wanna hear.

deshprem
March 16, 2013, 12:03 AM
these are just random sayings... who the hell is templeton and why should i listen to him? there are a lot more to market than some random quote.......

2 years ago this quote also would have applied, but what happened?

I think I might buy on monday.. hopefully market is down.

i usually dont listen to other ppl specially experts unless they say what i wanna hear.

alright u go long. might make a few points.

ms01
March 26, 2013, 05:50 AM
£1000 (Potential Investor) Between Activision Blizzard, Inc @ 14.35 and Yahoo Inc @ 23.38

Which company will you buy share in from the two listed company above?

deshprem
March 26, 2013, 05:22 PM
£1000 (Potential Investor) Between Activision Blizzard, Inc @ 14.35 and Yahoo Inc @ 23.38

Which company will you buy share in from the two listed company above?

both really good companies fundamentally. which one buy depends on how long you want to invest for and what instruments you want to use...options/Cfd shares. but both good companies for long term buy and hold.

iDumb
March 26, 2013, 05:48 PM
£1000 (Potential Investor) Between Activision Blizzard, Inc @ 14.35 and Yahoo Inc @ 23.38

Which company will you buy share in from the two listed company above?

neither.

deshprem, i think i could kick your *** in trading anyday :p

Zeeshan
March 26, 2013, 05:50 PM
hi orphyyyyyyyyyyyyyyyyyyyyyy (https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSYLQcW965a4aHE_OeGt9VHVQ2uns50Q 1kmqRh-F6tY6J2FOta84Q)

deshprem
March 27, 2013, 12:44 AM
neither.

deshprem, i think i could kick your *** in trading anyday :p

lol you would be asking for bailouts man. lets run a portfolio then- http://www.marketwatch.com/game/boss-trader. howz the long on the sp doing?

why neither though?

iDumb
March 27, 2013, 05:13 PM
thats your group who are all these ppl? bc members? man, no game can emulate the real thing cuz its takung out human emotion. this is just about getting lucky.... an ammateur can join in and be the top leader doesnt mean he is not gonna poop out when he sees a loss with real money...its not the same.

i will join just for you

iDumb
March 27, 2013, 05:34 PM
ok me on my ipad, not letting me join... but here is my trade... u can make me an account ....short 50k worth of bbry (research in motion) at tomorrow market open price. buy 100k faz. short 50k groupon at tomorrow market price.

:D.

btw i never short in real life....

or you can put me for a single trade of shrting 200k of best buy bby for the year.

iDumb
March 27, 2013, 05:41 PM
btw bewteen activison and yahoo i wouldnt buy either ...i dont feel like giving a proper updated wel researched anser but atvi purchase should be based on gaming cycle, which you have to figure out whwre we are at now,.... depending on that i would time my entery. and its a pretty safe stock thats where the problem lies....i havent seen it move much past 6 years or so. i dont see doubling potential.

yahoo is just a garbage company. they are has beeens. i would rather buy goog at 800...

if u only have 1k u need to find a stock thats gonna move and swing......thats my opinion.

deshprem
March 27, 2013, 06:45 PM
btw bewteen activison and yahoo i wouldnt buy either ...i dont feel like giving a proper updated wel researched anser but atvi purchase should be based on gaming cycle, which you have to figure out whwre we are at now,.... depending on that i would time my entery. and its a pretty safe stock thats where the problem lies....i havent seen it move much past 6 years or so. i dont see doubling potential.

yahoo is just a garbage company. they are has beeens. i would rather buy goog at 800...

if u only have 1k u need to find a stock thats gonna move and swing......thats my opinion.

lol I aint putting your orders in.


cycles are just temporary, in the long run it's the company fundamentals that drive profitability and therefore its share price. And if you are holding stocks for a long time, then why would you try to time the market? why don't you leg in to positions. Yahoo still has strong fundamentals even though its business has lost its shine. that's how you judge a good company, even when times are tough, the company's operations are profitable. Look up chimera (CIM) if you want a company looking to swing.

iDumb
March 27, 2013, 07:10 PM
man your logic are book verbatim. it doesnt apply much to real world however. KO has great fu dementals, so does xom.... does that mean they are good buy? they are safe buy but they will probablu underperform the overall market.

gaming cycyles are not temporary bro.. its a 3 to 4 year cycle or some **** like that.. i dont have time to read it...timing is everything

i dont think there are a lot of potential for either of those two stocks. they will not triple next two years... either u find a stock that has potential to triple...like early aapl...

profitting in market needs a lot of luck and a little bit of good judgement...... i try to keep away from advising hence.... cuz i dnt know the future....

but if u starting a job and ask me abt retirement plan, i can tell u exactly what to do. hard to give good advice on 1000 british pound..

deshprem
March 28, 2013, 03:32 AM
if those cycles are 3-4 years long, then why does timing matter? you have 3-4 years for ur trade to be right, so if time is on ur side, u can trade anytime. swing trader supposedly like urself shudnt be trying to time the market. if you have a view of something, build your positions over time- in effect 'time the market' on a longer time frame, as opposed to today or tomorrow or next week..

and its funny because applying your so called 'book verbatim' is what allowed the hedge fund i work for to make returns greater than just investing in the sp 500. I know what real world is my friend, and with your level of trading knowledge and strategy, you shouldn't be giving advice rather than staying away.

ms01
March 28, 2013, 10:53 AM
Seems like I am No.1 in Boss Trader ranking. ( Feels nice to take risk with fake money)

deshprem
March 28, 2013, 06:12 PM
Seems like I am No.1 in Boss Trader ranking. ( Feels nice to take risk with fake money)

Haha good work ms01. Long way to go :p

SS
March 29, 2013, 01:39 PM
man your logic are book verbatim. it doesnt apply much to real world however. KO has great fu dementals, so does xom.... does that mean they are good buy? they are safe buy but they will probablu underperform the overall market.

gaming cycyles are not temporary bro.. its a 3 to 4 year cycle or some **** like that.. i dont have time to read it...timing is everything

i dont think there are a lot of potential for either of those two stocks. they will not triple next two years... either u find a stock that has potential to triple...like early aapl...

profitting in market needs a lot of luck and a little bit of good judgement...... i try to keep away from advising hence.... cuz i dnt know the future....

but if u starting a job and ask me abt retirement plan, i can tell u exactly what to do. hard to give good advice on 1000 british pound..

I feel too stupid and got scared during 2009 and put the ira in mm...i wish i switched to large gaps mf...not sure if it is too late...you guys seem to monitor the market day to day basis but for me I am tired of the ups and downs ..uncertanities..as I am an average joe...wish I am like those sophisticated traders or investors who uses sophisticated technology to pace with the market...i guess iDumb you probably one of them...should I sale the mm and buy mf?

deshprem
April 4, 2013, 05:49 PM
I feel too stupid and got scared during 2009 and put the ira in mm...i wish i switched to large gaps mf...not sure if it is too late...you guys seem to monitor the market day to day basis but for me I am tired of the ups and downs ..uncertanities..as I am an average joe...wish I am like those sophisticated traders or investors who uses sophisticated technology to pace with the market...i guess iDumb you probably one of them...should I sale the mm and buy mf?

lol is this your brother iDumb? Please enlighten us with a few of your sophisticated technologies.

iDumb
April 4, 2013, 06:59 PM
lol is this your brother iDumb? Please enlighten us with a few of your sophisticated technologies.

are you talking to me? I don't see any post of mine above addressing you after your post. Learn to mind your own business. or do you seek some sort of validation of your work from me? Cuz you aint getting that.

deshprem
April 4, 2013, 08:24 PM
are you talking to me? I don't see any post of mine above addressing you after your post. Learn to mind your own business. or do you seek some sort of validation of your work from me? Cuz you aint getting that.

what's your problem dude, calm down.

zman
April 4, 2013, 10:19 PM
I see merit in both investment and trading strategies. Key points to trading are understanding client's tolerance levels for risk, having a sound strategy and being very disciplined in sticking with the strategy.

If you don't want to take much risk and are okay with a more than decent 10-20 percent annualized return, it's best to invest in strong, fundamentally sound stocks. As risk tolerance grows, client's portfolio becomes more diversified with both non risky and risky stocks.

Since I can't spend much time analyzing stocks these days, my risk tolerance has become low and I allocate only about 10% in risky stocks. If you are very careful and know what you're doing, I think you can make money trading stocks, but you have to be very very disciplined--which is not something everybody can do. Once or twice a year for a week or so I get the itch to trade when I detect a good opportunity, and end up day trading/pattern trading with my risky allocation. So far I've had a pretty decent record of beating my own expectations.

A trading strategy could be based on an event such as quarterly earnings. If the market expects an earnings beat, the stock will likely go up for weeks until the day of the event itself. (i.e., aapl for the last 5 years until couple of quarters ago)

Another strategy is to trade in anticipation of some catalyst unique to a particular industry. Take biotech stocks. March/April and Sept/Oct seem to be months when a good number of companies publish their key findings at large biotech conferences. So many of these stocks tend to rise for a few weeks right before the conventions in anticipation of the results. Once results are published, stocks will either pop or sell off depending on the actual results, but if you liquidate your position right before the results are out, chances are you'll be in the money.

These strategies aren't always guaranteed to work, but if you're disciplined enough and willing to leave some profits on the table, you'll win more often than you'll lose. That's why it's so important to understand how much one is willing to risk/can afford to lose, have a solid strategy and be very disciplined.

goru
May 17, 2013, 07:29 PM
212% gains on my shares of V at the moment... If I sell all of my shares of V right now, then even if all my other stocks go down to 0 (although, most of the others are also in the green), I will have made a net profit in the market overall! Getting into the market after 2008 crash has paid off well...

http://online.wsj.com/article/SB10001424127887324216004578483413966697072.html?m od=WSJ_hpp_LEFTTopStories

I've been holding onto a good chunk of cheap Freddie and Fannie shares for ages now... only about 5% in the green at the moment, though.

iDumb
May 17, 2013, 11:32 PM
and this banned guy, who apparently has a job at a hedge fund company, was getting personal with me because i didnt care much for his wrong opinion.

everyone is an expert with other ppls money.....

good for you goru....i am glad everything went well. congratulations...

long live bernanke....

BengaliPagol
May 18, 2013, 12:56 AM
iDumb maybe you're lucky not to be banned as well...

iDumb
May 22, 2013, 10:50 AM
And Bernanke shall keep on giving us money...... stimulus will not end.... stock market goes higher... God bless!
this is actually even too much and too fast for even an ever optimist like me.....

Zeeshan
May 22, 2013, 10:53 AM
gajakhouri ^^^

trolling er ekta limit ache

ammark
May 22, 2013, 05:03 PM
Agree with iDumb. too bad we dont have $5 trades in Oz :(

iDumb
May 22, 2013, 10:23 PM
gajakhouri ^^^

trolling er ekta limit ache

what makes you think i am trolling. i have been an avid market follower since year 2000. thats more than a decade. my posts on this forum alone goes many years back...

only purpose of such posts are to make many of you aware about the happenings of market. i think with knowledge many can benefit.. peace

goru
May 24, 2013, 07:45 PM
Well, **** me... 115% and 137% gains suddenly on Freddie and Fannie... after holding these for soooo long in the red!

iDumb
May 24, 2013, 10:22 PM
goru u do realize s&p gained close to 150 percent from 2009 lows? you are boasting all wrong.... i wouldnt be proud about those two holdings, you got lucky - those were dumb purchases to be honest.. sorry.

but V was a smart play and long term hold....that was ur perfect investment and i always supported investing in credit card companies, ma, v, axp all great....

goru
May 25, 2013, 04:04 AM
S&P 500 up 25% YTD.

My overall portfolio up 70% YTD.

Since the lowest value of my portfolio in 2009, it has gained 296% (as in, it has nearly quadrupled).

iDumb
May 25, 2013, 03:59 PM
good for you. now you can finally take us to lunch. oh sorry forgot, you dont like meeting weird strangers ppl from the internet.....:p

anyways good job... i just dislike those two companies.... you sounded like some one boasting doubling their money on penny stocks....:p....

i shouldnt be talking i made some money last couple of years with FAS, not really the smartest investment.. but who cares...

iDumb
May 29, 2013, 10:54 PM
btw goru congratulations, i think you made some good money lately....... lucky or genius or a bit of both..... good job.

iDumb
May 30, 2013, 07:09 PM
They come fast they go fast..... Hope you sold :p. Now you know what I meant by boasting about penny stocks. It would be pure genius if had the foresight to get out

goru
June 1, 2013, 03:35 AM
They are still 55/67% in the green, but I am holding. Possibly risky, but they are just a tiny bit of my portfolio.

BTW, not sure why you always see just "boasting" in posts here. I am merely sharing info. If you look at post #185, I mentioned Freddie and Fannie just when they were starting the climb (but nowhere near the 200%+ gains a couple of days ago)... thought it might be beneficial to the day traders in here. In fact, I didn't even notice their surge myself (as I don't really keep up with market news these days)... friend of mine (who is a financial analyst) asked if I still had shares of those (he had just bought in himself).

Post #194 was where I was actually boasting. But then, I was doing that by simply stating facts in response to you.

iDumb
June 1, 2013, 10:53 AM
relax dude! why you getting defensive like a 5 year old....

if you wanna boast you boast. ami tomar shathe to ekhon argue korbo na tumi boast kortecho naki na kortecho..... naki tumi chao ami kori?

iDumb
July 25, 2013, 09:41 AM
Facebook stock up 25 percent after earning report... Ad revenue up signifivantly

goru
July 25, 2013, 05:48 PM
V and FB together just gave my portfolio the second biggest one-day jump ever!

zman
July 27, 2013, 01:30 AM
Recently I took a hit on ACN, a stock I've been holding on to for a few years now...it took me by surprise...ACN missed their numbers for the weirdest reason ever- apparently clients find their services so reliable compared to their competitors that they strike very long term deals up front that last for many years, which in turn reduces opportunity to restructure the deals and raise fees.

iDumb
August 21, 2013, 04:33 AM
can you currently think of 1 stock to buy for a newborn to be cashed in 20 years... ? throw some names...

tesla?....... 2 years too late maybe....... potential to be destructive if the infrustructure are placed with the right policies.... this will be the brand for electric cars...

adamnsu
August 21, 2013, 04:46 AM
can you currently think of 1 stock to buy for a newborn to be cashed in 20 years... ? throw some names...

tesla?....... 2 years too late maybe....... potential to be destructive if the infrustructure are placed with the right policies.... this will be the brand for electric cars...

Biofuel production companies are big now and should get even bigger in the future as the devloped world are starting to enforce companies to incorporate biofuel into their consumption . Gas companies in developing countries might also yield well in the next 12-15 years.

Ajfar
August 23, 2013, 05:31 PM
One college student rides the Tesla stock wave (http://www.cnbc.com/id/100984355?__source=yahoo%7Cfinance%7Cheadline%7Che adline%7Cstory&par=yahoo&doc=100984355%7COne%20college%20student%20rides)

Anyone from BC got in on Tesla early enough?

can you currently think of 1 stock to buy for a newborn to be cashed in 20 years... ? throw some names...

Maybe Noodles? It's being labeled as the next Chipotle. I'm keeping an eye on it for now.

Ajfar
August 27, 2013, 09:30 PM
V and FB together just gave my portfolio the second biggest one-day jump ever!

Thanks to CPRX, I got my biggest one-day jump of the year today.

iDumb
October 4, 2013, 08:42 PM
fb at all time high, doing well.

any opinion on market in coming weeks. it will be interesting...

i think there is more downside than up....and these idiots at washington gonna drag this thing till serious damage happens..... i wanna see tthem fight and not raise the debt ceiling, it will be interesting to see in real life how market will react to it...... i want it not to happen just to see a potential massive crash....:p

Zeeshan
October 5, 2013, 12:43 AM
have you heard of the billionaire silk road guy idumb?

Zunaid
October 5, 2013, 01:02 AM
have you heard of the billionaire silk road guy idumb?

He is on the way to being a nope-onaire. Found and bagged.

Zeeshan
October 5, 2013, 05:01 AM
He is on the way to being a nope-onaire. Found and bagged.

Yeah it took them 2 years. He is pretty smart judging from his linkedln profile. He may hire a uber smart lawyer and get away with it. After all he just created a forum which was used by druggies. He has no direct hand in it.

http://cdn.cnwimg.com/wp-content/uploads/2013/10/ulbricht.jpg


http://www.celebritynetworth.com/articles/entertainment-articles/fbi-arrests-29-year-old-mastermind-billion-dollar-internet-drug-blackmarket-silk-road/

Zunaid
October 5, 2013, 06:37 AM
Linked-in shminked in. You'd think I am the the next Zuckerberg-Gates.

He is toast. He managed to stay ahead of the feds for a while but it was only a matter of time.

iDumb
October 5, 2013, 10:58 AM
have you heard of the billionaire silk road guy idumb?

yes i did after he got caught. he is not billionaire.... their sales it seems like went a touch above a billion in 2 years, in comission he got somewhere close to 100 mil. but yes let this site run few more years he woukd have reached that billion status soon.

i think some 90 percent of this virtual currency called bitcoin was used in silk road.... with silk road shutting down, does this mean bitcoin market should crash now.... common sense dictates so..... i dont follow those things however, so i dont know...

iDumb
October 9, 2013, 10:51 PM
janet yellen to succeed ben bernanke, my hero, i am little sad..

inspyr9
October 23, 2013, 09:26 PM
I learned a lot by reading through this thread. What you guys think about JCP? Is it a good buy now?

iDumb
October 23, 2013, 11:15 PM
I learned a lot by reading through this thread. What you guys think about JCP? Is it a good buy now?

i dont think you learned anything. but stock buying is 65 pc luck, 35 pc strategy in my opinion, so you may get lucky... however, that 35 strategy, research is important. i havnt been following the jcp stock regularly but i know if any major changes happening that comes to the mainstream news.... like their misrable fail on low price always strategy..... retail clothing is a tricky business... ppl arent always looking for cheap stuff, they are looking for brands, exclusivity, they pay high for that.... i think jcp f*ed up, hence their profit sufferred and hence the stock price reflect it.....

however if you are ballsy and believe in some miraculous rebranding of the company with the right person at the helm, this can be a sweet comeback stock...

however if it was my money, i would look for something better, something that i UNDERSTAND and stay away from it... specially if there is a talk of bankruptsy going on...

many years back, i wrote a post some where in this forum circuit city will be nonexistant and the only retail electronic to trust was best buy i think it was in 2006.... where is cc now... many ppl thought cc with their low price would be a come back because they shop there... but you have to see beyond your bias....

goru
October 26, 2013, 04:10 AM
V alone is now worth more than all the money I've ever put into the market. My portfolio has almost doubled in value now. When will it be time to get out of the market?

iDumb
October 26, 2013, 10:26 AM
good for you. u startng to sound like a broken container....this is like the 10th time u boasting about 1 stock pick. btw ma beat v over any period of time fyi.

time for more picks...

and you never get out of market.

btw netflix is back, scroll back in ths thread when it crashed to 50 from 300 and i wrote i think it will come back.... its over 350 now within a year...... :p

i really think i am a genius when it comes to market.

Ajfar
October 26, 2013, 10:37 AM
iDumb whats your prediction on Twitter?

iDumb
October 26, 2013, 10:38 AM
yeah i know i am the only one posting here. Market always excites me and i want everyone here to know why and that u should be in it too. 90% of you here probably dnt even understand how market moves forget about why. so it's easier to post things here without wasting time to write the reason behind my text.

anyways, anyone has thoughts on netflix. I think it may recover close to it's previous levels. what do u guys think.


january 2012.

iDumb
October 26, 2013, 11:01 AM
iDumb whats your prediction on Twitter?

i am not really excited about twitter becuase i dont understand it and i dont follow it, i always thoguht twitter is good for celebrity important ppl unlike fb where everyone is equal.... so different model..... i have no idea how long ppl spend time on twitter or how they make money.....

i will read into it and give my opinion, however just the recent headline i read that they gonna try to under value it in ipo seeing how fb ended up, i think its an interesting move..i think they mentioned something about 11b but i have no clue or even an iota of idea how much it should be unlike i did for fb.

lnkd is a 27 billion dollar company but just on pure speculation i am gonna hazard a guess and say twitter should probably be more valuable than lnkd.... in that case, if u believe that that then money to be had with that valuation....

short answer: i dont know. speculative answer: it will do well in first few weeks/short term if they can sell the idea they are undervaluing it. long term no clue.

G-man
November 4, 2013, 11:31 PM
I would really like to see a top formation on the S&P 500. market seems strong though, from the fed, market breadth indicators are strong, risk sentiment is off. apart from small retracements, there's not much on the downside.

would really like to see some risk off sentiment..if the US dollar and US treasury prices move higher together then that would be my signal, as well as junk bonds performing less than investment bonds and of course market breadth indicators falling apart.

iDumb
November 6, 2013, 10:11 PM
twtr twitter is trading tomorrow. in case anyone interested to play. good luck.

G-man
November 15, 2013, 12:30 AM
long oil? i think yes. long from 93.60. let's see how this works out. n short eur/usd

iDumb
November 20, 2013, 05:18 PM
I learned a lot by reading through this thread. What you guys think about JCP? Is it a good buy now?

hey inspyr, i dont know if you bought into jcp or not, they beat forcasted earnngs, stock up...helped by i think some shprt squeeze as well past month... i was uninformed and dont shop at jcp... restructuring may work....might be a good come back stock.

this is the thing with market, need lots of luck and little bit of basic brain and research.

keep us informed..

i wanna know what all of u guys buying...

G-man
November 20, 2013, 06:45 PM
man that oil trade got lucky for a little bit.

JCP, not the best company when it comes to valuation, but it's cheap if you look at the price/book ratio. as long as it doesn't fall below 6$ i think it's a good buy.

anyone trade forex here?

Fed's driving everything these days...

iDumb
November 20, 2013, 09:36 PM
no forex here. i stay to my comfort zone. dont understand too much of forex, commodities trade.

what stocks have u been eyeing gman if u trade them? what u by profession?

since this can and should be an educational thread and i have time, i will babble a little...

jcp is a tough call, my motto is always to get the best company in a sector despite market noise, historically that has worked out very well again and again.... i been following market over 15 years now. this is my secret actually, very simple, i will always back up the best company..

for example, i would pick a sector and try to get the best/brand in that sector... and factor in social, technological and mass psyche to hazard how optimistic i will be about a stock. human nature by default is slow to adapt to changes and this is the reason i think well known, established companies give you a lot of opportunities... u dont necessariky have to find that unknown hidden gem.....

coming back to retail (forget about division within for a sec, if u think overall which company would trump everyone else).... maybe walmart, costco, but how is our shopping changing...more reliant on online, so who is the best in online retail...answer is amazon.com, now with this type of change in shopping habits who else to benefit, credit card companies, who is the best, master card, what is my risk... bitcoin (so u would keep some eye on it, ignore it most of the time, remember human are very slow to adapt but if a product is right ultimately with time it will take over..who else, carrier, who is the best, fed ex.. who is the worst united postal..)

this is how i usually follow, pick my stocks...naming the best companies..

entertainment/movies : netflix
music/phone: apple
technology/search: google
social: facebook
surgical technology: intuitive surgical
electric car: tesla
brick mortar technology shopping : best buy
coffee: starbucks

and it goes on and on...... none of these companies have any real competition in their field.... so when these companies gets dragged down by some outside noise... ie mortgage crisis, recession, election, debt ceiling, its time to jump in.

thats why i will always doubt jcp, its not really the best in its sector....

i have a mock portfolio: since late 2009, sp is up~ 100 percent, my mock in that time frame > 300 percent... has 15 or so stocks in it (all the above mentined stocks part of that except tesla) and its rock solid in terms of diversification. these picks just solidifies my judgement.

but when putting money in i have same problem as the next door teenager, not enough money, and big dreams, so i play aggressive 1 stock, try to minimize cost and go all in.. and attempt to time market... and fail numerous times too...

------------------------------------
regarding, quantitative easing, i think federal reserve should start tapering now, i think market is at a point where it can take some hit.....

G-man
November 21, 2013, 07:30 PM
that's an interesting take. Why don't you use options instead of stock, you can greater value there with fixed risk.

i'm a trader at a trading education company in aust. we do prop trading and also hedge style fund management. I've only been here for a year, but I've always been trading before that.

I mostly do futures on forex, stock indices and commodities. but we do a lot of equity trades as a company.

for stocks you need a lot of money to make it worthwhile because a stock can go sideways for years...buy and hold strategies are good I suppose..collect dividends. ETFs like SDIV are really good for that.

timing the market is a dangerous thing to do. if you have long time frames on your trades, then why don't you just buy options that are cheap. better value than outright stock.

iDumb
January 30, 2014, 07:27 PM
I guess i am right majority of the time over long term. JCP today hit the lowest ever... at 5.7. FB is at highest ever at 150 B market cap (50% above their ipo valuation, up close to ~150% after their mini crash post ipo). This is called smart stock picking...with some luck on timing.

Really a lot of money could have had from just the stock names thrown around in this thread and the other thread "should i buy or sell"...

Lesson: Believe in good products and companies, dump shitty ones...

Btw, best buy took some hit recently, though i believe it is a good company, one needs to keep in mind the changing behavior on electronics purchases.... hence i am slowly becoming pessimistic on bby.... wouldn't be bold... if amazon gets hit at any time in next 2 years or so, back up the truck and load em up....

iDumb
February 19, 2014, 07:19 PM
facebook acquires whatsapp for 19 billion dollars. They tried last year for 3 billion, got rejected. That is a high valuation.

Good thing about whatsapp is they have monetizing in place. Free for 1 year, charges 1 dollar per year. Currently has 450 million active users with 1 million new users daily.

So let's say if all those 450 users ultimately are paid users... that's half a billion dollar revenue in a year, would take 40 years to reach the number they paid for...Sure what'sapp will likely have a billion user soon, still..

Zuckerberg really wants those teens it seems...I think they paid wayy too much. What'sapp definitely came out winner here, the founders has extensive silicon valley experience and really milked it.....

Btw deal great for all whatsapp employees... it's good to work for upcoming hot companies like that actually, makes your life in a second.

iDumb
February 19, 2014, 07:30 PM
In other news car maker Tesla (TSLA) jumps 12% to all time high after earnings report and optimistic outlook.

Ajfar
February 19, 2014, 08:01 PM
So let's say if all those 450 users ultimately are paid users... that's half a billion dollar revenue in a year, would take 40 years to reach the number they paid for...Sure what'sapp will likely have a billion user soon, still..



Whatsapp will lose a lot of members. There are other free options out there that will people will try. I don't think whatsapp will remain the number 1 option, after that 1 dollar fee kicks in.

In my opinion, a large portion of that 450 million users are from outside USA. A lot of people in countries like USA, UK, Australia already have unlimited txt messaging through their cell phone provider. Even if it's only 1 dollar a year, I just can't see too many people paying for whatsapp when a lot of people already have unlimited txt messaging. I also can't see too many people outside USA paying to use whatsapp. I know loads of people that use whatsapp in BD, mainly to talk to relatives/friends outside BD because it's free. I'm sure that's also the case for other not so rich countries.

iDumb
February 19, 2014, 08:56 PM
yeah well FB didn't value it based on revenues obviously... they ultimately want everyone on earth using a mobile device to communicate with each other through an integrated facebook app. I am sure there is a plan to eventually integrate all this at some point.... Whether you text, send video, send picture, post comment, send voice mail.. it wants all to be done via a communication app that is fb...

It is a smart buy for a company like fb but extremely poor valuation i think. You can't go wrong with the numbers..... 450 million active users.....with +million daily. thats simple domination. The challenge for fb is how they gonna integrate all these and keep everything free and make money...like doing all your shopping via the app too.

whatapp would have made a lot of money on its own but i don't think it would have ever done this much... they already promised there will never be advertising... their whole model is restrictive.... that's why it was a poor valuation by fb... they are a limited earnings company with their current model...and would have never made it with this much valuation on their own....so you are right ajfar on your post regarding whatsapp on their own.. but with FB that company got new wings..... hence the such an extremely high valuation... however zuckerberg folded like a b* unfortunately...

mufi_02
February 19, 2014, 10:58 PM
$19 billion is indeed a high number. As its FB, I think they will integrate something else, like posting status through whatsapp platform and etc. Eventually, they might break promise and start advertising. I would like to see how FB stock fares tomorrow when market opens. I have VGT, which is an IT ETF. So market reaction will have an impact on that.

Ajfar has the best 10 stocks ready for 2014. He has some inside scoops, hopefully not insider trading. We are planning to open up a financial consulting firm in Jackson Heights - A&M Consulting.

SS
February 25, 2014, 10:34 AM
$19 billion is indeed a high number. As its FB, I think they will integrate something else, like posting status through whatsapp platform and etc. Eventually, they might break promise and start advertising. I would like to see how FB stock fares tomorrow when market opens. I have VGT, which is an IT ETF. So market reaction will have an impact on that.

Ajfar has the best 10 stocks ready for 2014. He has some inside scoops, hopefully not insider trading. We are planning to open up a financial consulting firm in Jackson Heights - A&M Consulting.

Mufi tumi to dekhi next Banglar Zuckerburg howar plan kortaso...but eating biriyani, shingara, cha and all goodie stuff in the heart of Jackson Heights with your A&M Consulting office windows..can't beat that office environment..Steve Carroll also would have been jealous...btw for 2014 which best stocks are you guys aiming for

iDumb
February 25, 2014, 02:19 PM
Tesla soars another 15% as of right now after an analyst upgrade. This is what happens when are the best of the breed. Few months ago, their car was on fire crashing the stock now the stock on fire....

lesson: Buy when good destructive growth company dips on noise.

iDumb
February 26, 2014, 12:53 AM
btw for 2014 which best stocks are you guys aiming for

The disappointment of this thread i always thought was lack of good stock names coming through.... I always look up a stock if it is ever mentioned by anyone i interact with...

Anyways i will try to give some names that wasn't thrown around in this thread yet time to time..

Look up Gilead (gild). Their hep c drug sovaldi is a wonder drug costing 1000 a pill. It is true last 2 years, their stock price have projected upward to reflect the future sales, so you always have to be careful. I think it is a good company with strong fundementals. Your entry point is a little difficult to assess as their stock price simply had a parabolic curve..

I don't own it btw......I should but i don't.... because I thought i could made more money with something else but i think i was wrong..lol

Ajfar
February 26, 2014, 01:11 AM
^ I wanted to get in GILD last year when it was around $55. Instead I just sat there watching it rise all way above $80. If you are interested in an upcoming Pharma company, look into ATRS. This is not your typical biotech, thats still in development/trial phase. They already have a product ready to go in the market. They got FDA approval for a medical device in October of last year. Usually you see these smaller companies pairing up with a bigger company to market new product. ATRS is going to attempt to get it all done alone, which to me is a good sign. Management is not looking to make a quick buck. They also have deals with Pfizer and Teva regarding some of their product, so buyout is always an option down the line. I'm no expert but I think in few years this thing might see double digits, maybe more.

iDumb
February 26, 2014, 02:04 AM
Ajfar, I like the way you talk now. You've come a long way my friend over last couple of years. You sound maad smart now with your little investment talk. Your green mountain coffee pick was a good one. I am not too sure about your ATRS but you got me sold buddy, I like the way you think.... Buyout hmmmm.... the magic word there.

I think GILD bought out the company for some billion dollars that was developing sovaldi. That was an eye popping number back then and now this drug is their engine of rocket revenues..... The great question is what will happen to them when everyone is hep c free.... should you be happy or sad?

anyways continue with recs and ideas and thoughts....

here found an article of 2011:


(Reuters) - Gilead Sciences Inc (GILD.O) struck a deal to buy biotechnology company Pharmasset Inc VRUS.O for about $11 billion in a huge and risky bet on the next generation of hepatitis C treatments.

Gilead, the world's largest maker of HIV drugs, will pay $137 per share for each Pharmasset share, an 89 percent premium for a company with no significant marketed products.

Pharmasset shares had already more than tripled in the past year based on the potential of its experimental hepatitis C medicines to create a new standard of care for the 180 million people worldwide infected with the serious liver disease.

http://www.reuters.com/article/2011/11/21/us-gilead-pharmasset-idUSTRE7AK0XU20111121


great buy yeah...

iDumb
February 27, 2014, 08:04 AM
jcp same store sales up in 4th quarter......it might have to do with trying clear their old merchandise with heavy discounts, regardless of what it is..... same store increase sales quarter after quarter is what will have street interested in the stock...... huge reversal... up 20 percent


here is an easy read at seeking alpha

http://seekingalpha.com/article/2053023-is-j-c-penney-finally-off-life-support?source=yahoo

iDumb
February 28, 2014, 12:16 PM
Money money, mo money!! When will this market stop going up......Let's raise interest rate ms Yellen....so poor folks can get some return on their 20 dollars money market investment...

mufi_02
February 28, 2014, 12:35 PM
Money money, mo money!! When will this market stop going up......Let's raise interest rate ms Yellen....so poor folks can get some return on their 20 dollars money market investment...

haha yeah. NASDAQ crossed 1850 and I don't see any signs yet of slowing. I thought the bad consumer confidence report this month will slow things down but it didnt. I don't mind though. But I have decided to mostly do ETFs and got very good returns in the last month. Not such great luck in stock and right now only holding to LCI which was a strong buy among many brokers.

For ETFs keep an eye on - VHT, VDE, VGT

For pharma stocks -- LCI, ALNY, FRX, ALKS

For stocks, listen to Ajfar. We talk everyday about trades now and he has very good insights and understanding.

iDumb
February 28, 2014, 03:01 PM
can you tell mr ajfar to come and share some of his thoughts here so I can give him a piece of my mind as well....

You are throwing in too many names, can you give one stock some description and why you think it will be up.. i think those are more fun to read.

Your ETFs purchases are ok, sector based investment, i like it. however, I would like to point out, your energy etf underperform sp past year, your technology underperformed nasdaq (using similar benchmark). I think your healthcare etf is not a bad idea, they have outperfomed and will continue to most likley continue to outperm the market next couple of years with Obamacare coming in full effect.

your pharma stocks, those symbols don't mean anything... unless you give me a simple post like :
- they are making this particular pill at currently at this phase which will cure this and this amount of people in the world have this disease....potential take over target etc etc. Pharmaceutical stocks that are on verge of making innovative drugs are hit or miss type of investment. It will either make you rich or you lose all.. unless you are trading the stock as their product goes from one phase to another phase in clinical trials, then it's ok gamble i suppose....

Where is ajfar the idea man...?

Anyways for now, the only pharma/biotech in my portfolio will be Gilead for long term if i am to buy something, unless someone introduces me to a really cool company...

Ajfar
February 28, 2014, 07:28 PM
Pharmaceutical stocks that are on verge of making innovative drugs are hit or miss type of investment. It will either make you rich or you lose all.. unless you are trading the stock as their product goes from one phase to another phase in clinical trials, then it's ok gamble i suppose....

Pharmaceutical stocks are way too risky. I learned my lesson the hard way. Having said that, I started using this new approach for quite a while now and so far it's been working out pretty well for me. I don't invest in Pharmaceutical stocks with the intention of staying long term. What I started doing was find companies that have upcoming events such as FDA approval date, FDA panel dates, Phase 1/2/3 result etc. If the event is related is to a drug which is extremely important for the company's future (which is usually the case for small scale biotech companies), there's usually a increase in the stock price leading up to that point. Also at times, as the FDA approval dates approaches sometime news come out regarding potential buyout/partner, or orphan drug designation if the drug treats a rare disease. I try to get in early enough and get out ahead of the projected event date. It's way too risky to stay in through FDA approval date. I learned this approach from couple different seekingalpha authors. The only stock I held through during FDA approval was ATRS, and luckily it didn't get rejected.

Don't listen to Mufi, ajaira bole. I got nothing.

iDumb
February 28, 2014, 08:10 PM
I like you ajfar. For the first time in BC I see someone participating in the financial thread who I am agreeing with and can see is actually thinking.... U learn quick bro.

Rest of the ones, including all that claimed/or work for some investment companies made me cringe because I could see them being wrong and making a fool of themselves... (like some guy that got banned in the past)

Just a prediction, don't get upset but I think Mufi will be losing a lot of money in the market the way he is going, if there is a slight indicator of market reversal.... that is if he is actually putting in money in the names he is spitting out... I will let him figure out why.... hopefully he is a quick learner.

mufi_02
February 28, 2014, 09:29 PM
I like you ajfar. For the first time in BC I see someone participating in the financial thread who I am agreeing with and can see is actually thinking.... U learn quick bro.

Rest of the ones, including all that claimed/or work for some investment companies made me cringe because I could see them being wrong and making a fool of themselves... (like some guy that got banned in the past)

Just a prediction, don't get upset but I think Mufi will be losing a lot of money in the market the way he is going, if there is a slight indicator of market reversal.... that is if he is actually putting in money in the names he is spitting out... I will let him figure out why.... hopefully he is a quick learner.

Hahaha I might. I don't own all of the ones I mentioned. I have just few and the rest was just hearsay from reputable investors. They are considered as 'potential' and I need to do more research on them. Its just a sudden hobby for me which I am sure will fade away after few months.

Ajfar
April 23, 2014, 07:57 PM
What do you guys think of the Apple split?

iDumb
April 23, 2014, 11:11 PM
What do you guys think of the Apple split?

well what do you think about it?

It's a simple split, I don't think it has any bearing on a company the size of apple.... Goog recently had one to give more control to the founders.

Sometimes reverse split can be more interesting. Usually it's a bad sign for a company but sometimes it can be "good", an example would be citibank after the market crash when it was trading below $5. there are some institutional buying restrictions on shares that are priced under $5, so with reverses split a company may make it's price go above that to have heavy institutional buying.... which would drive up stock price or give some stability to large swings...

Though it shouldn't make a difference but market is often driven on human emotion, hence forward split can sometimes make prices more attractive and can cause a stock price movement, more on percentage wise as you are dealing with lower denominator...

so in summary when i read about apple split, my thoughts : Oh ok! now maybe zeeshan can buy 1 stock.

iDumb
April 23, 2014, 11:50 PM
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Good discussion. But the girl is right at the end... you need superior products and get that advantage over anyone else..

iDumb
May 8, 2014, 06:28 PM
http://www.bloomberg.com/news/2014-05-08/apple-said-to-be-near-buying-beats-electronics-for-3-2b.html?cmpid=yhoo

interesting....

apple seeking to buy beats. i would have definitely invested in beats long ago if it was a separated entity publicly..

i think it will be a good purchase...

iDumb
July 3, 2014, 03:45 PM
Dow hit 17k. I m surprised.