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Charles A. Smith

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  • Kinder Morgan Energy Partners: Why Not Consider This Outstanding Wealth Building Machine? [View article]
    Not a fan of the "technicals" there Sumflow?

    Some would call it "voodoo"...
    Apr 18 07:52 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Inc.: A Return To Dividend Growth [View article]
    "In addition, Kinder Morgan repurchased about 31 million El Paso merger related warrants for $51 million."

    Implied price is about $1.65 per warrant. Looks like management set the bottom on the warrants. The 52-week low is only $1.62. To get 31 million warrants at that price when only one million trade each day on average is really good work.
    Apr 17 02:30 PM | 2 Likes Like |Link to Comment
  • BP upgraded to Buy at Canaccord, but shares barely budge [View news story]
    Did you bother to READ the comments?
    Apr 14 02:34 PM | 4 Likes Like |Link to Comment
  • BP upgraded to Buy at Canaccord, but shares barely budge [View news story]
    This has NOTHING to do with currency, simply ADSs vs ordinaries. From the BP website:

    How are BP ADSs related to ordinary shares?

    Every BP ADS represents six BP ordinary shares. Ordinary shares trade primarily in the UK and pay dividends in pounds sterling. They do not trade on a US exchange.
    Apr 14 12:36 PM | Likes Like |Link to Comment
  • Fed's Evans: Where's the inflation? [View news story]
    "...they will come up with newer theories, right?"

    When all of their "theories" fail and their previous policies collapse (see the fall of 2008), they have only one theory (protect the banks and bureaucrats at all cost) and one tool - an electronic printing press. True material progress - the kind that comes from risk taking, improved productivity, price deflation and real growth - is neither predictable nor "manageable" in a way which maintains their power base. So they suppress it.
    Apr 10 10:44 AM | 1 Like Like |Link to Comment
  • Fed's Evans: Where's the inflation? [View news story]
    "It's there for the Fed to see, but the question is, why are they ignoring it?"

    Because if house prices hadn't risen by 35% over the last 4 years or so, it would still be obvious that every major U.S. bank was insolvent. This way, at least its less obvious.
    Apr 9 04:42 PM | Likes Like |Link to Comment
  • Howard Marks: Dare To Be Great II [View news story]
    "...naturally unconventional,..."

    I have to laugh at this oxymoron. One of the main points of the essay is that NO ONE is "naturally" unconventional. It takes conscious effort.
    Apr 9 04:05 PM | 2 Likes Like |Link to Comment
  • Fed's Evans: Where's the inflation? [View news story]
    "Where's the inflation?"

    The young couple unable to buy their first house because prices have again spiked out of range will tell you where to find it.
    Apr 9 04:00 PM | 3 Likes Like |Link to Comment
  • Online brokers tumble; Schwab decries HFT [View news story]
    "Use limit orders and HFT is irrelevant."

    Not true. I've traded hundreds of millions of $ over the last 7 years (since reg NMS was implemented), ALWAYS use limits, and many, many times I've missed getting filled because the algos have sniped around my orders. Particularly on smaller cap names, I'll miss a fill by $0.001 or see the stock trade in tiny fractions just far enough away from my limit so I don't get filled. So yes, IF the trade is executed, it happens at my price, but I have no idea how many times I've been shut out of trades by this sort of action.
    Apr 3 09:47 PM | Likes Like |Link to Comment
  • Online brokers tumble; Schwab decries HFT [View news story]
    "Anyone bitching about HFT has another agenda."

    Not at all. No one is denying that the system as it exists today is WAY better than 20 years ago. But its as if the changes since have gotten us 95% of the way to a transparent and fair system. The HFT types are standing in the way of getting the final 4% or 5% improvement. Or, as Santelli put it yesterday on CNBC: the HFTs are getting "crumbs in a box with a bow" and those crumbs add up.
    Apr 3 01:50 PM | 3 Likes Like |Link to Comment
  • Online brokers tumble; Schwab decries HFT [View news story]
    "It's hard to make the connection between HFT and the online brokers"

    What? Not hard at all. All the online brokers get paid huge money to sell their order flow to the HFTs. Let's hope this statement by SCHW presages the end of such payments. Also, IBKR just announced they're going to offer access to IEX. The HFT tower of babel is beginning to crumble.
    Apr 3 01:44 PM | 6 Likes Like |Link to Comment
  • Amgen exits denosumab partnership [View news story]
    So...is AMGN paying GSK because the D-mab market is so lucrative they want it all to themelves? Or are they paying because its a dud, and GSK wants out?
    Apr 3 01:02 PM | Likes Like |Link to Comment
  • The Problem With The U.S. Stock Market And The Economy [View article]
    "US government debt is of it's own creation, the government owes itself as the monopoly supplier of our currency."

    So government debt doesn't "matter" until it borders on destroying the currency in which it is denominated? By which time, of course, its too late to do anything about. How convenient. Too clever by half.

    "...as the government contracts them to produce things the government might suppose the economy needs."

    Under such a regime, where is there room for free citizens to decide what it is they "need"? They produced the wealth which permits the government to exist. Shouldn't they have a say?

    "Inflating away US government debt it can always make good on makes no sense."

    No, you make no sense. At some level of debt, "making good" involves creating so much new currency that the currency itself is destroyed, thus destroying the debt. IOW, the very act of making a debt good (with unlimited currency creation) itself destroys the debt. Again, pure sophistry.
    Mar 31 12:08 AM | 2 Likes Like |Link to Comment
  • The Problem With The U.S. Stock Market And The Economy [View article]
    "Is it those getting $200 a month for grocery shopping or is it those individuals (and corporations) who received billions in bailouts during a financial crisis which they were responsible for creating."

    As I stated quite plainly, its both. Sadly, the people on the lower end of the economic spectrum don't recognize that they're being being duped and used as political pawns by those with their hands on the levers of power.
    Mar 31 12:00 AM | 4 Likes Like |Link to Comment
  • The Problem With The U.S. Stock Market And The Economy [View article]
    "The belief system that asserts government is wasteful and inefficient is a political theology, not an empirical fact."

    Show me evidence that government employees spend tax dollars as efficiently and effectively as they do their own. It doesn't exist.

    In fact, the very concept of "stimulus" implies spending for the sake of spending, simply to create "demand", as if all demand were equal. (IOW, the "G" in the C+I+G formulation is most certainly not an equal partner.)
    Mar 30 11:49 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
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