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  • SPDR Gold Shares - A More Intensive Pricing Study By Market-Makers [View article]
    Peter, I have followed and admired the trading results from many of your articles. Like Doug, I also wanted year end results; so, after seeing the article you reference, I attempted to fill in the unclosed positions 3 months later (February) with end of day data. In order to do this right, I checked some random results from the closed trades table, and found I could not arrive at the same annual rate of return, although the closing price and days held were the same. For example, SLV on 7/30/13 closed 8/15, 16 days later with a gain of $3.12 or $0.195 per day. The annual rate of return posted at 3093% would require a gain of $1.61 per day. The other checks varied widely from my calculations so I did not attempt the update. Please supply the method of calculating annual rate of return on the chart of results, as I am way off somewhere. Thank you.
    May 26, 2014. 08:25 PM | Likes Like |Link to Comment
  • Goldman Sachs: Hunter Or Prey? What Market-Maker Appraisals For DJIA Stocks Tell Us About Its Price Prospects [View article]
    Peter, Thank you for the heads up on GS and "Flash Boys". It took me to another piece by Grant Williams in his recent "Things That Make You Go Hmmm..." In it, he begins with a "Flash Boy" incident in an AM World Series game, ends with the Feds "rigged" markets, with a great review in the middle of the uproar surrounding Lewis' "Flash Boys". Hope more investors read it. Your work is a good antidote to this market malaise.
    Apr 17, 2014. 04:57 PM | Likes Like |Link to Comment
  • Arbitrage Experts Feast On The Public's Ignorance [View article]
    Thanks again for your many timely articles. With the VIX volatility (year to date closes, hi 21.44, lo 12.14), SVXY could again be a great long (example: CL2/3-4/2 23% gain/140%annual). Lately, VIX CL<20 is rare (36x since 3/19/12), but VIX CL<15 is frequent enough to wait for an entry. In your table, SVXY had, entry to close, about equal VIX and performed as well as your MM results for 2013 (article 1/9/14) with no trading activity required. Of course, we could revisit VIX CL<50 with another burst of the asset bubble, or go back to pre'07 single digits. By the way, it seems the SVXY entries in the table missed the 2/1 split of 1/23-24.
    Apr 3, 2014. 05:05 PM | Likes Like |Link to Comment
  • Scary, Overpriced Market? Here's 20 Odds-On Winners [View article]
    This time you have boiled down your message to the barest bones. Very timely article (as usual). Look how many tech stocks pop up in the screen as the naz comes to life! The last paragraph is especially appreciated as we enter this dangerous trading environment. Time for odd lots trading from my shallow pockets. Thanks again Peter.
    Feb 11, 2014. 05:28 PM | Likes Like |Link to Comment
  • Forum On The Tools And Philosophy Of, Peter F. Way And His Usage Of Market Maker's Hedging Strategies [View instapost]
    Thank you OW. Your post helps a lot. Looking over the abbreviation list, I drew a blank on DD. Where is due diligence defined? Isn't PW's ranking of stocks and ETFs the sum of due diligences by BTF of MM's superior DD? What value can I, an unsophisticated seat-of-the-pants investor, hope to add to this grand collection of market wisdom? I'm so impressed with the results they're getting from the 2013 charts that I hesitate to impose any other filters. With PW's addition of Cred Ratio we may be able to cherry pick candidates for portfolio turnover. You say as much in your first comment to "anarchist", but I would like to know what DD your experience would suggest be used on the candidates. In my comment to PW (which you kindly answered), I pointed out how the BTF rankings were inconsistent over time; hoping for a general clarification. Their method of selection may be random to a degree so as to avoid simplicity at this stage of their evolution. Followers of BTF charts need to know, one way or the other, how to pick from their copious lists week by week. Your blog is helping us prepare for the launch of the new service. Thanks again from an older warrior
    Jan 5, 2014. 01:39 AM | Likes Like |Link to Comment
  • Best-Buy Leveraged Long ETFs Now, By Intelligent Behavioral Analysis Of Market-Makers [View article]
    Thanks OW. "R-R" is now clear as are many other questions answered on your great blog. I believe it would still be useful to BTF Chart followers to know rationals behind the ranking decisions for chart candidates. If it is system based or not will determine how much additional DD may be required by individual investors. Perhaps Peter will want to add his comments.
    Jan 5, 2014. 01:37 AM | Likes Like |Link to Comment
  • Best-Buy Leveraged Long ETFs Now, By Intelligent Behavioral Analysis Of Market-Makers [View article]
    First, let me thank you for all your contributions to the Seeking Alpha site. I look forward to your service launch in 2014. Also, thanks for the new Cred. Ratio. A question: how is R-R calculated? I have long puzzled over the ETF rankings. There was a time (10/04/13 article), Win Odds ranked selections. Another time it was Sell Target Potential. Mostly, there was no apparent logic until R-R. Please point me to the article where this is covered. For a less sophisticated investor like yours truly, your rankings loom large in the effort to choose a few investments from the larger array. Your rankings seem to work well from my study of their results in the past year.
    Happy New Year
    Dec 31, 2013. 06:16 PM | 1 Like Like |Link to Comment
  • Why Active Investing Beats Buy, Hold (And Forget) 3-4 Times Over [View article]
    Just read Buyandhold 2012's comment and Peter's reply. I think he let him/her off too easily. "Mother" compounded quarterly 50K for 40 years at about 13.5% to get 10M. She than had the dubious pleasure of knowing it would enter the taxable estate or have to be donated to strangers. Peter's approach may have the potential of compounding at "net" 30% which over 40 years would come to 1000M. But he politely points out the value of "more accessible wealth, more evenly over time"; not even mentioning the satisfactions from playing the game.
    Dec 8, 2013. 08:49 AM | Likes Like |Link to Comment
  • After Google Price Spike, Pre-Earnings Release Outlooks Revised [View article]
    I must say, you have the best balance of investment wisdom, analysis, and humor of my internet exposure; not to mention literary style. Hope I am able to participate in your forthcoming subscription service.
    A humble follower.
    Oct 21, 2013. 04:36 PM | 1 Like Like |Link to Comment
  • An Almost Risk-Free Way For Annual Return Of 50%+ [View article]
    Shorting ETF's requires borrowing from your broker. Is there no risk in that? Might they not cancel your loan at the first drawdown opportunity? It seems to me you would have to use multiple brokerages and reverse the hedge periodically to provide offsets to the account. This would increase brokerage costs but insure some cooperation with the program. I have demo operated such a pairing for over 2 years with good results, with no optimizing. My pairs were different and did have large drawdowns at times.
    Dec 15, 2012. 10:27 PM | 1 Like Like |Link to Comment