Optionable Inc. Message Board
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Do Any of You Really Understand the Energy Trading Business?
It's really sad that so many on this board believe Optionable's hype.
If you surveyed 100 institutional energy traders, less than 10 would tell you that they're using Optionable's brokers and even fewer are using OPEX. As soon as anyone (Parity, GFI, ICAP, CME, the list is long) offers a better platform for options Optionable is done, that's their only edge. And Parity is apparently only weeks or months away from having a superior platform for options, they already have it for swaps. NYMEX has enough capital that if Optionable goes by the wayside, oh well...
LAST BUT NOT LEAST, there was an article written in a well regarded industry (energy trading) publication that says an unnamed, publicly traded "voice broker" (if you know the industry well enough you know the probability points to Optionable) has been paying their customers to get order flow. Not only unethical, but illegal. Can't wait until the regulators get their hands on this one given there love of going after energy traders breaking the law...
Here's the link: http://www.scudderpublishing.com/headlines/story3.php
I've never had, nor will I ever have a position in this scam...-
Great call, you were one of only a few that saw the problems well ahead of the meltdown. Hope you were short on the way down!
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To the longs that lost money on this, you can't say that you weren't warned. I posted this a couple months ago. TTFN.
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Why did you just create a new screen name? Why are you here if you have no position in a company you never heard of until last night?
It doesn't make sense unless you have an agenda and with each post you make it's obvious that agenda is to bash. -
A little due diligence...See page 18 of the latest 10Q.
"Order Flow Agreements are the agreements under which we issue warrants to a firm based on the volume of orders the firm placed with us" -
Before last night I only knew of one US publicly traded energy broker, GFI. And I now know of Optionable, which is clearly also publicly traded or this board wouldn't exist.
Contradiction? -
Enough of posting on this topic go to yahoo finance for all the sec filings for warrants and Stock Options. Do you all think that the top three owners who are selling their stock to Nymex personally for a total of 27 million dollars would risk losing that?? I also have to believe that Nymex CEO knows a little more about trading energy than all of us who are posting on this board. Let's use a little common sense hear move on to the next topic.
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You're a walking contradiction.
you say this:
I trade OTC energy options for a large institution and had never heard of Optionable or their trading platform until a friend sent me the link to this message board tonight.
but you also say this:
Unless I'm mistaken Optionable and GFI are the only energy brokers that are publicly traded in the US so it has to be one or the other.
how can you know about optionable and at the same time not? -
Board,
New to this stock, and not a basher.Holding 3k in my trading account and a few in my ROTH.
eom,
steve
http://www.novakcapital.com/bashers.htm- 1 Reply to mykatieb
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This board is infected by the furry little rodents. I think we got the low-end ones. The accomplished bashers grabbed the cubicles near the coffee machine and we got the ones next to the elevator shaft. Sometimes when they post you can hear the squeaky pulley going up and down. Or it could be their brains. At 3 A.M. its hard to tell.
"True longs may have to address the bashers or they will appear to the newbies as being the people with all the information."
Bingo
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How do we of course know who they are talking about?.For one thing the article states right in the beginning it breaks all ndaq rules.Optionable is on a pink sheet so of course its not opbl.
- 1 Reply to madisen111
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Ding Ding Ding . . . we have a winner here
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Really, then why are you here? Just a nice guy, to save poor long souls from financial disaster? Everything you say is BS, you are short, and about to lose your shirt, ER is around the corner.....
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