J. Stephen Castellano founded the investment research and strategy consulting firm Ascendere Associates in 2009, building upon a diversified 20-year career in sell side and buy side equity research. His roles included coverage of the steel industry at PaineWebber and telecom services at Warburg Dillon Read (the predecessors to UBS), where he worked closely with institutional sales people, traders and investment bankers. In addition, he provided analytical support for numerous independent valuation, consulting and investment banking studies, including for mergers, secondary offerings and IPOs.
I am interested to learn more on investment. I am pretty upset with the market these days, and figured that I have to take charge of the matter in my own hand. I had over 10+ investment experience, and majority of my investment are in real estate. I would like to learn more about trading in stock market as I start to have doubt on "buy and hold" (which basic is the long) philosophy in investment arena. My current market view is short term long, and long term short.
I am a long time individual investor and retired after a 37 year career as an emergency physician. Now days I trade mostly options extracting small gains fro the market with high probability relatively low profit positions. That said returns on and annualized basis are quite attractive and consistent. I spend enormous mount of time researching and analyzing now that have all day to follow the markets and trade.
A few of my pet peeves. Insider trading; all one has to do is follow in particular Barron's favorable articles and compare the charts and one will see almost uniform spike in volume and price of the position at hand during the preceding trading day and very often two days. I have written to Barron's about this and the SEC and never have gotten a reply. It is obvious at least to some extent insiders at Barron's various departments necessary in getting the paper published, posted online, and printed are trading on the information as well as some in the printing rooms and distribution channel.
Another is dark pools. All security transactions need to take place in a forum open to all investors and traders such as the major stock exchanges so everyone can make decisions base on total market activity. A corollary to this is high frequency computer trading. Use all the high speed computer you want to scoop out trades but all trades need to be entered manually by a human into a trading platform on a public exchanges so the trades show up on the level II screen etc. with everyone else's. Anyone who believes the SEC is the individual investor's friend is delusional. There have been past revelations that they have held meetings or released information to the fat cats on Wall before the information becomes available for public consumption and action.