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Lucas Finco  

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  • Why Greece Won't Exit Yet; HYG And JNK Moves Explained [View article]
    You can't just look at debts. You also have to look at assets. Governments have balance sheets. They do hold assets. Money to pay off debt does not need to only come from tax revenues.
    May 22, 2012. 06:58 PM | Likes Like |Link to Comment
  • I Don't Expect QE3, But I Expect LTRO3 Soon [View article]
    I believe that before LTRO 3, the Fed will step in with more Euro swaps to prop up EURUSD above 1.3. This is a currency war, after all.
    May 22, 2012. 02:14 PM | Likes Like |Link to Comment
  • Why Greece Won't Exit Yet; HYG And JNK Moves Explained [View article]
    Wouldn't you say that less-liquid markets just get you to fair value faster? As a market maker, why would you want to book dozens of trades at a loss for the sake of liquidity?
    May 17, 2012. 05:31 PM | 1 Like Like |Link to Comment
  • Silver Arbitrage Opportunity [View article]
    PSLV listed on Oct 29th, 2010, meaning that a follow-on offering could have happened Feb 1st or May 1st of this year. A follow-on is different than a secondary and many people get them confused. The author should have known the difference before posting an article.

    I have seen interviews with Sprott where he talks about how a large silver buyer could cause prices to skyrocket in the market if supplies were tight. See 8:45 of below:

    It seems to me that he is one of these large buyers and I am personally upset that he has not offered more shares of PSLV. I had thought of even authoring a shareholder motion to force him to purchase more silver and offer more shares. Would PSLV shareholders support such a motion?
    Nov 6, 2011. 08:35 PM | Likes Like |Link to Comment
  • Silver Arbitrage Opportunity [View article]
    This article is dead wrong. From Investopedia:

    What Does IPO Lock-Up Mean?
    A contractual caveat referring to a period of time after a company has initially gone public, usually between 90 to 180 days. During these initial days of trading, company insiders or those holding majority stakes in the company are forbidden to sell any of their shares. Once the lock-up period ends, most trading restrictions are removed.

    Sprott sold his PSLV holdings to move into the silver miners, hoping to capture the spread that way. Only thing is he forgot that the silver miners can't seem to make any money.
    Nov 4, 2011. 12:05 PM | Likes Like |Link to Comment
  • Beginning of the End for Higher Commodities Prices [View article]
    Why are margin requirements being raised on commodity futures, while they are being lowered on treasury futures?
    Jun 21, 2011. 09:15 AM | Likes Like |Link to Comment
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