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  #91  
Old 11-27-2007, 01:26 AM
chisness chisness is offline
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Default Re: BFI November [censored] thread

How do you know which instruments to use to make trades on your ideas? Is there a book or post or web site recommended to read up on this?
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  #92  
Old 11-27-2007, 01:31 AM
hanster hanster is offline
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Default Re: BFI November [censored] thread

Anyone have any thoughts in regard to asset-based lending?
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  #93  
Old 11-27-2007, 10:48 AM
ahnuld ahnuld is offline
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Default Re: BFI November [censored] thread

just got in citi dec calls at 1.04. I dont think the stock bounced high enough at the open today on the good equity news. I plan to sell in the afternoon, no matter what price.
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  #94  
Old 11-27-2007, 10:50 AM
john kane john kane is offline
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Default Re: BFI November [censored] thread

basic question:

stock/commodity XXX. current price $1000. i want to invest/long.

futures (?) price is $1020 for FEB08. if at februay 08, it is then $1020, have i made any money?

is it a case of being told a price and you decide whether it will be higher or lower?

take gold for example. price $815. FEB08 price $825. i can roll the daily price, whereby i am effectively investing (with leverage, at a 7% annual cost). Or i can go for the FEB08 option.

but if gold was at $825 in FEB08, using the rolling daily method i make profit on the $10 rise, whereas on the futures method i havent made anything?

is that correct?

many thanks if you can help.
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  #95  
Old 11-27-2007, 10:53 AM
ahnuld ahnuld is offline
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Default Re: BFI November [censored] thread

no you havent. You need to reward the guy who holds the commodity for the time value of money so he gets the 20$ or 2% and borrowed the money for 20$ at that rate.
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  #96  
Old 11-27-2007, 11:10 AM
john kane john kane is offline
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Default Re: BFI November [censored] thread

cool thanks ahnuld. think ill keep the daily rolling position rather than switch to futures.
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  #97  
Old 11-27-2007, 11:28 AM
chisness chisness is offline
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Default Re: BFI November [censored] thread

Ahnuld (or anyone),

Where do you do most of your research on macro ideas like gold and oil? Economist, WSJ, recent news? For stocks, is recent news + industry news + annual reports a good start? How did you get an understanding of the instrument options you can use?
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  #98  
Old 11-27-2007, 12:04 PM
CrushinFelt CrushinFelt is offline
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Default Re: BFI November [censored] thread

[ QUOTE ]
cool thanks ahnuld. think ill keep the daily rolling position rather than switch to futures.

[/ QUOTE ]

You'll have made $10 but you'll also have lost on financing.
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  #99  
Old 11-28-2007, 12:41 AM
Jestli Jestli is offline
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Default Re: BFI November [censored] thread

CNBC today (11/27) around 1-3pm

anyone know what happened to that guy named Bob that was having trouble talking then it sounded like he collapsed or something and he never came back on air
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