You better put your thinking cap on.
Why would the Russians retaliate against BP?
The only bureaucrats on their case are here, not there.
As it is probably the Ruskis appreciate the business.
The truth is that Yahoo is part of the short play. And thus accommodating to all who create traffic without substance.
Just look around, how many message boards have ceased to be informative with this all consuming pointless feuds. Anti trust at its max. Bloomberg and Murdoch control or are controlled by who is benefiting from the volatility. Could it be a consortium of HFT and Hedge funds? it is in the data mining.
Come to think about it, there is the English fellow I believe of Indian descent, that front run the HFT, and was promptly regulated. Then Poof of the radar.
The real damage is done to the senior and others of diminished capacity that still have stop loss selling orders without fully comprehending its real results. Just like the fellow mentioned the other day. Apparently he got sold at $21. 90 on GE, no less, on a stop loss order a supposed to be activated at -5 % if I recall correctly. And then there are apologists for short sellers, who beyond a doubt are the triggers for these, IMO, orchestrated runs.
Off course HFT love it 14% down and then another 14 % up plus a few more points in the ladders up and down, all in a couple of days? Certainly is not change to be ignored, but a mockery of capital allocation or right returns for the exposure.
We all know it is true that HFT front running has created new movements in market flows. Eventually some smart guys will figure them and hopefully victimize the nice fellows.
The real risk though is the public response might be to leave the market all together.
Individual investors are an endangered species already.
A while back I moved some gains to cash and certainly do not see any intent from the regulators to stem the three scourges to transparent markets: HFT, HEDGE FUNDS AFFORDED SECRECY, and Short Selling naked or not by the two preceding.
We will see more staged stop loss harvesting follow by "Surprising reversal". It will not take long and the boy that cried wolf will materialize once people realize that they are being fleeced.
Because thanks to the kangaroo proceedings BP had to sell assets well ahead of the oil price collapse.
Sometimes serendipity spoils the best laid ambushes.
I think you r right. People just got played. Stop loss on lies should be illegal.
The trails are there all the regulators have do, is little data mining.
The only silencio is the missing expose on the round trip of the weekend.
Every body celebrating that the market did not collapse instead of looking at who did the milking.
What joke for a market and you r worried about our NOK message board.
Circa 1970, back in Chile, things were getting really bad. Socialist about to take over by election no less. The US proposing property seizures in the name of fairness (alliance for progress and agrary reform) etc.
Two lessons from the time, one poetic for those that speak spanish, anybody that had something, had become a pipe. In spanish, it rimes with the past tense of "had" (tubo).
That is your farms, factories etc. were seized by the government, to be paid in bonds at risible rates over a long time. Hence you had become a a "Pipe"
Thus the second piece o wisdom " Lo comido y bailaqdo no te lo quita nadie." That is," what you have dance and eaten away, nobody can take away".
And yet people are jumping from the pan to the fire.
If you sell now, you r going into a currency with no value beyond the sense that you r escaping the hot spot aided and abetted by the politically created duo SHF and HFT.
This many years of no return capital have fundamentally change things in ways that are not fully understood.
But there is one sure thing, uncle Sam will see lots of tax discounting even with the ridiculously low $3000 you can take of you tax bill at the same time that the shorts can claim "carried interest" and lower their tax bill from 50% short term CG to earned income or LTCG.
Josh, you left out cooper kingdom.
When God was making the world, he had a little left of everything, he did not know what to do, so at the last minute he slapped it all in the southwest coast of South America(Chile).
Then history took its toll, we had immigrants from all over, since no one had control they had to learn to live with each other. Even Jewish and Palestinians.
As it is now it is a fierce battle between shorts and idealist socialist. In other words a mess.
The place is great with wondrous landscapes, interesting people, and huge economic expectations/ disappointments.
Besides cooper they have he largest, politically deemed accessible lithium deposits, yet at the throat of the existing concern because its controller got it from Pinochet.
The place almost looks like NOK. cannot help it self.
Laf, in the end he is human also, but I too would like to be enlighted as to Zut's real interest.
This br has been worth more than the returns in NOK, as far as I am concerned.
Life has been good to me, inspite of the common wisdom that being an honest simpleton is not the place to be.
Lucky me that the shorts are not even close to my taxable situation, so I just look and pity our politicians that enable them.
So much destruction of value so some sacred cows can rake even more money that is hopeless to help their Standing
Zut, are u surrounded by crocks and about to run out of amo?
Please with sympathy, leave some room for others to post
Because nobody believes the manure about over supply. Anybody with two fingers of forehead should be securing future supply at these prices. Even the famous strategic reserve.
I just cannot believe how otherwise smart people fall for these short shenanigans.
Gasoline at $1.50 in dilution corrected dollars?
It is the price of the highest currency. Credibility or trust if you may.
The public fraud enabled by our politicians is coming home to roost.
To publically endorse and give legal standing to self evident fraud could not have other consequences.
You cannot sell what you do not own(short selling).
If that was not enough, grant secrecy to colluded players (hedge funds), and tolerate front running (HFT).
What else could you expect.
What about, a change of venue, and pick up the rest of sqm instead and take advantage of the estupidity of Chilean bureaucrats that thought they could steal it, and nobody would notice.
There have been enough backlash that it could be a good bet.
I sold the bulk of my sqm as there were plenty of gains to wash, but kept some.
What they carried it at in the books.
Less than 2 billions if I recall right.
Not only sold it, they sold it to whom will be customer for further paid service.
They are not as stupid as some people would like.
Let me get this straight, building a business is a pump and a "bad" thing.
For government to use the powers that should be used to stem fraud in public companies, and use to aid and abet the Shorts to destroy the economy is a the duty of government.
NOK is way ahead of the curve. Sold D/S to MSFT, for reasonable money that is still in the coffers and that is a "Bad" thing. Now ahead of the correction, they sell HERE well above accounting/tax cost and that is also a "bad" thing.
What will happen to all the smart shorts when congress come to its senses and stop the baloney?
It is fraud to sell what you do not have.
Not only ahead, also a clean conscience not that that bothers the shorts.
My Investment acumen comes from the old guard. My grandpa and two other gentlemen spanning well over 100 years of successful honest investing. Over 30 in my own right.
We have dealt with crooks of all sorts for a long time.
What is different this time is that the government has practically granted these guys a corsair's license to decimate the markets. Eventually the Chickens will come to roost.