If you are in the least bit angry over this mornings manipulation... I recommend you check out SiriusXMInvestor's thread: http://siriusbuzz.com/forum/showthread.php?t=1641 Great contact info to lodge a complaint... or multiple complaints....Originally Posted by EHRTrader
Strap on your oxygen tank and get ready for light air and underwater excursions. Good luck.
Hi SLRickF...
Sorry I had to take care of something...
This will exlain it fully to you...but essentially it is a settlement period at the end of each quarter for options and futures contracts (rights to buy or sell securities). As shorts generally control the stock market (as they totally do now), there can be a lot of covering and unwinding as positons get shifted to accomodate settlements.
>> Derivative contracts based on stock indices do not generally involve the actual exchange of any underlying security, but rather are cash-settled based on some fair market value at a specified time. Many arbitrage strategies involve simultaneous, offsetting transactions in a basket of stocks representing an index and a derivatives contract on the index. When the derivatives contract reaches expiration, the usual practice is to buy or sell the basket of stocks at the exact price used for cash-settling the derivatives contract.
In the early 1980's when organized futures and options exchanges began trading standardized contracts based on stock indices, that final value of those indices for cash-settlement purposes was usually the close of trading on the third Friday of the month. Every month there is an expiration on options and options on the futures. But expiration of the futures, where a large proportion of the arbitrage activity takes place, only occurs once a quarter. So on the third Friday of the last month of each quarter, stock exchanges would be deluged with orders to buy or sell huge quantities of stock at exactly the closing price used for cash-settling the derivatives contracts. This combined expiration of options, futures and options on futures came to be known as the Triple Witching Hour.
Because these arbitrage strategies were market-neutral, simply taking advantage of price discrepancies between the index and derivatives on the index, they didn't represent any real opinion on the market's direction. But unwinding only one side of the strategy with a market order and letting the other side cash-settle sometimes caused huge gyrations in the markets during the final hour of trading on the third Friday of that month. <<
Mam - we are a lucky group here to have such amazing "senior" dudes!!! I posted a huge thankyou to Relmor for helping with an explaination here - my Thanks goes out to you for your time and knowledge that you freely give!
This group owes a debt of gratutude to the more senior folks here - so for all of us "Newb's" ---- Thanks Guys!!!
btw - had to read these 2 responses 10 times each - ah the love of getting old and not able to learn as quickly as the young!!!
I though you said N2O, not O2, that's my problem, I just don't seem to be able to focus and no matter what.... its all funny... I got a whole suit full of that shat now..... thanks for nothing man LOOOOOOLLLLLLL
Last edited by cos1000; 03-19-2009 at 09:42 PM.
John,
First of all just because you tell everybody everything you do ...why does that mean that others should or they will see your wrath?
as far as you telling someone good call.... that is my point ... mr negative I am always right even though I am underwater in this stock man.
How dare you tell the college kid they were stupid for buying in with $125 dollars.
He now has more gains on this stock that you do. Here is your post about your position
"While many of you may have sold and bought back at a lower PPS I just kept buying, NEVER SOLD FOR A LOSS. So I am in the position now that I need it to get to at least .70 just to get just over 1/2 of everything I reput back in and that is if I sell it all. So really I need it to go much higher then that .70."
And you call him stupid... that is rich. Heres hoping you get it all back and more though!
As far as you being a Marine... lets get this clear ... I am not saying you aren't. Never did and never will. What I did say is that you havent proven such. Yet you tout it.(isnt it YOUR criteria to prove beyond a shadow of a doubt before you tout?) I think you shouldnt have to ... nor do i care to see the proof either.
And you seem to agree " I have given enough information on that subject, that only one in the Corp would know." well others have given information on the subject of their trades that only ones in there brokerages would know.
So in conclusion. I never said you should believe anyone.
The funny part is You are still arguing if the persons claims about stock purchases are correct. Why? I never have said I believe or disbelieve the claim. I could care less.
What others do shouldn't effect what you do.
Their character is irrelevant to how you show your character.
And you show yours poorly.
And so everyone else knows. If you are wondering why this is still going on in this thread. Earlier argument I asked John to PM me about our personal disagreements ... He said ... "when it comes to arguments I dont do things in private. I like everything in the open." hence why it is here.
Hi everybody, this doesn't concern Sirius directly, but at this hour I would like to share some news from the homefront (Germany).
The EU has decided to back every member who is in trouble, like Hungary and Latvia, therefore there is probably no more risk of any kind of collapse and the Euro is stable. The ECB on the other side will not follow the FED, at least till now, they are still too much worried about inflation and I think they could be right. What do you think ?
As for the negotiations between the German goverment and GM about Opel,
they are closer to an agreement and Geithner and Guttenberg are on the same page, I don't know whether this is good for GM or not, but I think so.
While nationalization is of the table here in the US, the German Goverment just announced the nationalization of Hypo Real Estate Bank ( 25% owned by an US-Hedge-Fund "Flowers").
I would appreciate your thoughts.
Hello! You guys think that's bad? I think I'm the Friggin Loser!! $250 to buy 16K shares, and I asked to buy when .055 -- they said 33% or three days!!! "Ameriprize"Oh my god para...those rates are criminal...somebody call a cop...oh here's one...
But besides that, I feel like I was very close to a great run and profitable too! Thanks to all posters here. e.g. sl62, cos1000, relmor (the first to hook me in), and really all the others!! Yo
airman, why are you so intent on discrediting John is the question you should ask yourself.... this is a board and John, and now you, have proven yourselves to be pit bulls in regards to your positions.... great... As I recall it was YOU who CHOSE to get involved in defending the College Kid... Now YOU expect someone to give a shat.... If the KID needed to defend himself on these boards then he should have.... As far as John being a Marine and needing to prove his character ..... HE DOES NOT... to you or anyone else..... back up and check yourself.... you got involved in someone else's argument....
I hate my computer. I just spent an hour typing a post where I explained life, the universe and everything including SIRI stock and for some reason the entire page disappeared
(Oh I bought 1,000,000 shares of Ford in 1908)
This week's action finally flushed me out of the woodwork, after almost 4 months of read-only.
Had to get in on the action, you know.
