October [censored] thread

[ahnuld]

Post any random thoughts, trades or ideas as they pop into your head in this thread.

[ahnuld]

I just heard that according to the SEC it is illegal for mutual funds to try and time the market? Is this true?

[john kane]

i dont know ahnuld.

although i am good at predicting downfalls:

[ QUOTE ]
hope september has been a good month for everyone, ive somehow made money, which means ill no doubt have a terrible october

[/ QUOTE ]

gold down $19 today. so -$1140 for me!

i am going to stop checking the price, it is too addictive, although no matter how low it goes and i am going to leave my position, i am in this for the long long long term.

[john kane]

where do i buy good quality shirts from? i am from UK btw. i am thinking so far trying ctshirts.co.uk and josephturner.co.uk

btw i also do not like leaving the house to go shopping, so pref online.

ty for any suggestions.

[DcifrThs]

[ QUOTE ]
I just heard that according to the SEC it is illegal for mutual funds to try and time the market? Is this true?

[/ QUOTE ]

uh, i don't know but i guess it depends on what market timing is.

is market timing stock picking? or simply moving in and out of an index? if the latter, i'm not sure why the SEC woudl make a regulation preventing a mutual fund from doing that. isn't htat what investors pay mutual funds for? (i.e. deciding when to overweight/underweight equities in addition to over/underweighting individual stocks relative to their benchmark)?

if not, then i don't know what the SEC thinks market timing is??

Barron

[ahnuld]

Barron, same here. Im pretty sure he meant moving in and out of securities, and the reason was that it could be used as an excuse to ramp up trading fees.

[DesertCat]

The only market timing ban on mutual funds that I've heard of relates to the scandal a few years ago. This "market timing" allowed special customers to buy the funds after market close at the days price, when they should actually pay the next days price. This is essentially timing when the fund would be up or down the next day based on after market news and increased costs for non timing mutual fund customers.

Wiki on Market Timing Scandal

[ahnuld]

yeah DC iv come across that case before, pretty gross stuff.

[Sayitloudernow]

Can someone explain to me what on earth is going on with BIDU? this stock is moving like crazy and went up 14% today. Apparently its a Chinese search engine? Next google ftw?

[maniacut]

vanity license plate spotted at/near ryerson university in toronto. 52WEEKHI pretty creative i thought, but it was on a mazda 3 :\