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Search: Posts Made By: schnoodleC
Forum: Business, Finance, and Investing 09-11-2007, 05:22 PM
Replies: 262
Views: 1,063
Posted By schnoodleC
Re: The details of my Big Bet against Krispy Kreme

[ QUOTE ]

given the money you spent on options, why not just short the stock outright and buy a call at a stike you're comfortable with (i.e. one where (K-S0)*your investment is your maximum...
Forum: Business, Finance, and Investing 07-10-2007, 11:41 AM
Replies: 18
Views: 85
Posted By schnoodleC
Re: Programming Skills for Finance Career

I say the following as someone with 10 years of experience in "high end" software development working on "name brand" enterprise software that are often deployed as part of financial systems. ...
Forum: Business, Finance, and Investing 06-15-2007, 05:06 PM
Replies: 10
Views: 87
Posted By schnoodleC
Re: asset allocation play, thinking about adding REIT or fixed-income

I own EGLRX. It is the Alpine International Real Estate fund. It is very well run and has a great track record. It is heavily invested in Japan, India, and Germany which are all markets that are...
Forum: Business, Finance, and Investing 04-05-2007, 12:42 PM
Replies: 7
Views: 78
Posted By schnoodleC
Re: Kaiser Group declares big dividend

Cat,

Do you have any thoughts beyond what is on your blog? Here is my group's thinking:

Michel Tennenbaum, who controls the company, is a private equity guy, and he is interested in finding a...
Forum: Business, Finance, and Investing 02-28-2007, 02:45 PM
Replies: 14
Views: 231
Posted By schnoodleC
Re: backing

People may have 500% ROI over periods but I seriously doubt that anybody has more than a 200% expected ROI in medium and large buy-in tournaments both online and B&M. In fact, my guess is that for...
Forum: Business, Finance, and Investing 02-28-2007, 12:58 PM
Replies: 14
Views: 231
Posted By schnoodleC
Re: backing

I don't understand why people find staking so hard to understand.

1) The sweat/talent equity of the player should be accessed fairly and shouldn't be overstated. For a tournament I wouldn't do...
Forum: Business, Finance, and Investing 01-31-2007, 12:00 PM
Replies: 13
Views: 81
Posted By schnoodleC
Re: Any thoughts on my first original stock idea?

Companies like this one pop up from time to time. Usually what happens is that a company sells out but rather than distributing cash to shareholders, management and/or the majority owners convince...
Forum: Business, Finance, and Investing 01-29-2007, 11:37 AM
Replies: 45
Views: 157
Posted By schnoodleC
Re: Have I discovered a pyramid scheme? What should I do?

[ QUOTE ]
He then discusses how Starbucks wants each franchise to succeed (obv.)

[/ QUOTE ]

FYI, Starbucks doesn't franchise. All their normal stores are company owned. They even...
Forum: Business, Finance, and Investing 01-04-2007, 02:10 PM
Replies: 49
Views: 190
Posted By schnoodleC
Re: Career Decision: Software vs. Trading

I'm a "high end" software engineer. People who love engineering love 1) to make things, 2) working on things that will leave a legacy (rather than just making money), 3) the team work involved, 4)...
Forum: Business, Finance, and Investing 01-04-2007, 11:49 AM
Replies: 54
Views: 319
Posted By schnoodleC
Re: A Favorite Stock, NICK

Thanks for the write up Cat. BTW, I am also heavily into Kaiser and have gained respect for you by seeing you have a position in it. However, FYI, Tennenbaum and family want to keep the company...
Forum: Tournament Circuit/WSOP 08-09-2006, 04:33 PM
Replies: 52
Views: 332
Posted By schnoodleC
Re: Comparing 2006 and 2005 payout structure for the ME

I think both years are way better than most WPT structures I've seen and I like 06 better than 05. I like how spots 10-36 are rewarded better. I do find it funny that spots around the 100 actually...
Forum: Tournament Circuit/WSOP 08-08-2006, 05:40 PM
Replies: 19
Views: 88
Posted By schnoodleC
Re: 2+2ers are good bets!

Your original post said which team would win more money. So you are saying it is points now?
Forum: Tournament Circuit/WSOP 08-08-2006, 02:50 PM
Replies: 19
Views: 88
Posted By schnoodleC
Re: 2+2ers are good bets!

You are in good shape but he does have Alan Cunningham so you aren't a lock to win it yet.
Forum: Business, Finance, and Investing 07-03-2006, 01:20 PM
Replies: 0
Views: 85
Posted By schnoodleC
Poker/Investing article on Montly Fool site

There is a new poker/investing article on the Montly Fool web site. I'll post more detailed thoughts later but I have to say it isn't half bad. Certainly, the 2+2 magazine articles on the subject...
Forum: Business, Finance, and Investing 05-05-2006, 12:17 PM
Replies: 7
Views: 83
Posted By schnoodleC
Re: Interesting EV question about trading after a buyout announcment

Very good point! Of course, your money isn't locked up really. You needn't hold on to the stock until the merger goes through. To make money you only have to hold on until the spread between the...
Forum: Business, Finance, and Investing 05-05-2006, 12:13 PM
Replies: 7
Views: 83
Posted By schnoodleC
Re: Interesting EV question about trading after a buyout announcment

Yes, I know and I agree. However, we appear to have a case here where the arbitragers seemed slow to react. Most likely due to the fact that FOBB was a small and not widely followed stock with a...
Forum: Business, Finance, and Investing 05-05-2006, 11:28 AM
Replies: 7
Views: 83
Posted By schnoodleC
Interesting EV question about trading after a buyout announcment

A stock I own Oak Brook Bank (FOBB) is being bought by MB Financial for a mixture of cash and stock that puts FOBB at a premium of ~37% more than what it was trading it. Now, right after the deal...
Forum: Business, Finance, and Investing 05-03-2006, 01:00 PM
Replies: 262
Views: 1,063
Posted By schnoodleC
Re: The details of my Big Bet against Krispy Kreme

If your going to start talking EV, in terms of poker analogies you should think tournaments to some extent instead of cash games. Our cash game EV decisions assume infinite bankroll (assuming we are...
Forum: Business, Finance, and Investing 05-02-2006, 03:26 PM
Replies: 101
Views: 442
Posted By schnoodleC
Re: I\'m shorting Krispy Kreme today

That is hard to believe but I guess it is true. I so wish I could short this. I actually talked to a trader on the phone today to confirm what the internet had been telling me. We are currently...
Forum: High Stakes 04-28-2006, 05:16 PM
Replies: 17
Views: 155
Posted By schnoodleC
Re: Your Edge

To get a very approximate ROI take hands at a given game * ave pot for that game / number of player / total winning = ROI. Or something like that, you get the picture.
Forum: Business, Finance, and Investing 04-25-2006, 05:12 PM
Replies: 4
Views: 49
Posted By schnoodleC
Re: Getting rid of a HELOC

Usually second mortgages are fixed and at a higher rate than the going rate for first mortgages. You can sometimes lock the rate on your HELOC for slightly more than the going variable rate. This...
Forum: Business, Finance, and Investing 04-25-2006, 04:52 PM
Replies: 2
Views: 36
Posted By schnoodleC
Re: ESPP -> FUBAR

ESSP is great because you are almost gauranteed that 15% return but the up side is much greater. I've made really huge money through ESSP plans. My strategy is:

1) Always invest the max,...
Forum: Business, Finance, and Investing 04-25-2006, 11:06 AM
Replies: 3
Views: 63
Posted By schnoodleC
Re: Is Finance the best business major out there?

Zingerman's corn beef is the best thing to put in a sandwich, period.

Math is the best business major. Think about it... Also, read Mark Cuban's blog from a week or so ago where he talks about...
Forum: Business, Finance, and Investing 04-21-2006, 04:11 PM
Replies: 262
Views: 1,063
Posted By schnoodleC
Re: The details of my Big Bet against Krispy Kreme

One difference between buying and shorting is with shorting the "why now" question is especially important. If a stock that I've shorted goes up 10% I absolutly take the loss, though usually I'm out...
Forum: Business, Finance, and Investing 04-21-2006, 02:02 PM
Replies: 262
Views: 1,063
Posted By schnoodleC
Re: The details of my Big Bet against Krispy Kreme

The idea that unhedged short positions expose you to more risk than your options is completely wrong. The chance of your options being out of the money is pretty high. The chance of KKD more than...
Showing results 1 to 25 of 29

 
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