Rates going up
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Punta Gorda follow up by the way.
It didnt get wiped out. We rented our place out down there to construction managers down to help rebuild. Our place is right on the channel and still standing. What are you taling wiped out? Step out your back porch and take about 50 steps to your dock and onto your boat. Five minute motar out to the bay.
Darn nice place. And it isn't wiped out.
Only thing I don’t like about Punta Gorda is it seems everybody in that town smokes. Horrible habit. I can’t figure it out why so many of the people in that town smoke.
[quote=Greenhills]
Mikebutler- You're clueless arent you. You really believe what you said on here don't you. You have no idea what goes on with the specialists and the brokerage firms do you? Do you know any market makers? I do. ANd their on the big board not some penny exchange.
Dont you realize the brokerage firms trade in the very stocks they cover? Don't you realize on a daily basis the specialists mess with the price of the stocks to screw you and your clients. You don't think they drop a stock price down below support to stop you out so they can enter at a lower price. You don't think they dont artifically raise the price of a stock to try to create a rally? Why would a stock close at one price and open a buck higher when it did not get bid up on the after hours? The specialist artficially raised the bid! Look at the volume...there's the proof. Once a week I would guess I spot a stock that the specialist is messing with. If you watch close and track things you can spot it.
Time for you to grow up and actually learn the realities of the business you work in.
[/quote]
I just paranoid rambling. Here's a hint, tinfoil hat wearer, a brokerage firm that puts a "buy" on a stock to unload their position is the stuff of paranoid conspiracy dreams.....
[quote=mikebutler222][quote=Greenhills]
Mikebutler- You're clueless arent you. You really believe what you said on here don't you. You have no idea what goes on with the specialists and the brokerage firms do you? Do you know any market makers? I do. ANd their on the big board not some penny exchange.
Dont you realize the brokerage firms trade in the very stocks they cover? Don't you realize on a daily basis the specialists mess with the price of the stocks to screw you and your clients. You don't think they drop a stock price down below support to stop you out so they can enter at a lower price. You don't think they dont artifically raise the price of a stock to try to create a rally? Why would a stock close at one price and open a buck higher when it did not get bid up on the after hours? The specialist artficially raised the bid! Look at the volume...there's the proof. Once a week I would guess I spot a stock that the specialist is messing with. If you watch close and track things you can spot it.
Time for you to grow up and actually learn the realities of the business you work in.
[/quote]
Mike-it may not be quite as clear-cut as greenhils paints it, but if you don't believe that kind of stuff goes on you're naive....there's big bucks at stake......
I just paranoid rambling. Here's a hint, tinfoil hat wearer, a brokerage firm that puts a "buy" on a stock to unload their position is the stuff of paranoid conspiracy dreams.....
[/quote]Joe Da Man- where the hell you been brotha? I thought you moved to Tibet and became a monk.
Poor Mike. He's a lost little kid in the land of big money. Hey Mike, did you take a look at some of the action on stocks about 3 minutes before the bell on Friday? No No it couldnt be. Some people actually knew the Pres was going to announce the new Fed Chairman today!
Yes, Mike, that's how things work on Wall Street. You're going to be pretty upset one day when you figure things out. Don't believe me. Ask Joe. He'll explain it to you if he has time to kill. I gotta go enjoy this wonder fall day now.
[quote=joedabrkr
Mike-it may not be quite as clear-cut as greenhils paints it, but if you don't believe that kind of stuff goes on you're naive....there's big bucks at stake......
[/quote]
All I'm telling you Joe is that in this regulatory environment a firm like ML or SB putting a "buy" on a stock to unload an inventory would require a conspiracy between analysts and traders that would raise a red flag the size of Texas. There’s not just money at stake there’s jail time and even an Arthur Anderson style death penalty involved. Nothing would please Spitzer more.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
I'll simply add this to the long list of Greenhill's paranoid posts.
[quote=joedabrkr]
Mike-it may not be quite as clear-cut as greenhils paints it, but if you don't believe that kind of stuff goes on you're naive....there's big bucks at stake......
[/quote]
All I'm telling you Joe is that in this regulatory environment a firm like ML or SB putting a "buy" on a stock to unload an inventory would require a conspiracy between analysts and traders that would raise a red flag the size of Texas. There’s not just money at stake there’s jail time and even an Arthur Anderson style death penalty involved. Nothing would please Spitzer more.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
I'll simply add this to the long list of Greenhill's paranoid posts.
[quote=Greenhills]
Poor Mike. He's a lost little kid in the land of big money. Hey Mike, did you take a look at some of the action on stocks about 3 minutes before the bell on Friday? No No it couldnt be. Some people actually knew the Pres was going to announce the new Fed Chairman today!
[/quote]
Yeah, that's why stocks moved the last three minutes on Friday, because of a Fed Chair nomination today... are you sure it wasn't because the Masons called the Skull and Bones guys and reminded them about the deal they made last week with the Trilateral Commission?
Now, tell me again how an analyst in a real Wall Street firm is going to risk his livelyhood and his freedom because some guy in the trading shop is long and wrong. Geezee, these guys can't even get away with directed trades or after hour mutual funds trades any more and you think they're still that brazen?
[quote=SonnyClips]Butler
Let me paint a hypothetical picture for you. I know my colleague is "long and wrong" why wouldn't I risk putting out a buy rec to protect the firms holdings. [/quote]
Say, Gasbag, shouldn't you finish your exam schedule before you join the lecture circuit on how the industry works? You might want to start by learning just how analysts are paid these days, just how a analyst working, probably, in another building, perhaps in another city from the traders, would become aware of the firms holdings, much less the holdings of the firm’s proprietary mutual funds in a highly liquid environment and how easy it would be for any regulator to track large sells coming out of a firm that just upped its rating on a given stock. When you’re learned those things you’ll learn how far-fetched the idea that a REAL firm would up its recommendation on a stock just to unload its holdings.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Say, here’s a blast from the past, why don’t you take a brief break from studying for some exam I took a decade ago, and look into what happened at the “Cabot Market Letter” when THEY, a pissant newsletter advisor, working in a relatively dead regulatory environment upped their rating on a stock and sold at the same time. Then consider how much more active regulators are today, and how high profile firms could possibly get away with it.
Bottom Line
I would never listen to a wire house analyst!
That would be like listening to Cramer!
My clients would never by it if it came from a wirehouse analyst!
[quote=Greenbacks]
Bottom Line
I would never listen to a wire house analyst!
That would be like listening to Cramer!
My clients would never by it if it came from a wirehouse analyst!
[/quote]
Do they "by" it if it comes from you? Sorry, I couldn't resist.
Give Sonny a break. He is studying his rear off and we all need a recreational break from that crap ( I'm studying the series 65 right now) or else we will go bonkers. I agree we can waste too much time on this board. But, it could be worse....instead of wasting time here, where he might pick up a few pointers, he could be hitting happy hour at the bowling alley.
[quote=SonnyClips]And I did lecture at a University a few years ago, but your right it wasn't on this business it was on the philosophy of Rhetoric. [/quote]
ROFLMAO, did you give refunds? Those who can do, those who can't.... misinform others....
[quote=babbling looney]
But, it could be worse....instead of wasting time here, where he might pick up a few pointers,....
[/quote]
Perhaps he should read quietly and stop interrupting the adults. Then he could pick up some pointers.
[quote=mikebutler222][quote=joedabrkr]
Mike-it may not be quite as clear-cut as greenhils paints it, but if you don't believe that kind of stuff goes on you're naive....there's big bucks at stake......
[/quote]
All I'm telling you Joe is that in this regulatory environment a firm like ML or SB putting a "buy" on a stock to unload an inventory would require a conspiracy between analysts and traders that would raise a red flag the size of Texas. There’s not just money at stake there’s jail time and even an Arthur Anderson style death penalty involved. Nothing would please Spitzer more.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
I'll simply add this to the long list of Greenhill's paranoid posts.
[/quote]
One would logically think that to be the case. But....the folks on the street, especially at the big firms, have a long proud history of finding way to sneak around the regulators.....
Joe Da Man- where the hell you been brotha? I thought you moved to Tibet and became a monk.