American Airlines' Dilemma: Creditors In The Captain's Seat [View article]
Hey "captain",
First of all, no one cares that you are a "captain" - airline captain's are the best modern day example of an over rated Peter Principle product.
Second, no one cares about the concessions you gave in the past. Your skill set does NOT command the same pay scale as it did in the past.
Management may be f'd up, another thing the public doesnt care about, but the pilots need to wake up and face the reality they are no longer the seen as the 1930-40's icon pilots once were.
Twenty-seven years ago, the skill set required to be a pilot was far greater than required now; and the profession was more dangerous. But it's 2010+, during your "Charlie Brown" years you were more than well paid - you, like construction workers during the housing bubble - should have seen the writing on the wall. After all, pilots are supposed to be very smart and are always "ahead of the aircraft", right?
As for pilots being people of character and ability, I've had airline pilots lie right to my face. An American pilot basically said f'u to me on my luggage issue; his co-pilot, before departure, took my bags - because the cabin was "too full" [it wasnt, 5 people came in after me] and said it would be at the destination. When my bag was missing, the lead pilot was a complete @ss hole - he said litterally "too bad" and walked off and left me in a closed regional airport. He didnt even have the decency to help me find or get in contact with another AA member.
So as far as I am concerned "captain", as a paying customer - f'u this time. You dont rate anything other than an economic consideration.
The airline pilots are getting what they are due. You're not supermen. You're not under paid. And for the most part, airline pilots are over paid arrogant BS'rs. That's the truth. Clean up your profession, and then maybe you'll get more respect.
If AA wants a pilot, they can call me - I'll take 75% of your asking package today, right now.
American Airlines' Dilemma: Creditors In The Captain's Seat [View article]
Re: "Our skill set is difficult and extremely expensive to obtain. We are tired of being the producers and watching management reap the benefits. "
Please stop the BS, I'm a retired military pilot. The fact is piloting is a skill set, and experience is important. However, the reality is technology has come to the point where the pilot is in the cockpit for passenger psychology - NOT because there's any other economic value.
Pilots are facing exactly what HS & grade school teachers have had to face; there's a long line of qualified applicants willing to take less pay to do the job.
By the way, the lowest paid pilots are Army helicopter pilots - and the flying skills required of that kind of piloting in combat is far far more difficult than required to be a military jet jock needs today. Ditto for an airline pilot.
The game is up, you are a glorified truck driver. That is the truth. Get used to it, and to the pay.
When compared to bonds, equities are "looking as cheap as they've ever looked," says Templeton's Lisa Myers. The flight of investors into bonds has made them very expensive, and when you compare yields today, "the delineation between the two has become huge." She suggests buying leading large-cap stocks that provide strong earnings to weather the market's storms. (video). [View news story]
"but their lofty yields could more than compensate for their depreciation"
Really? Really? If true you should show the math, you'll win the next Nobel prize.
By the way, when saying things like "The total return could be higher for stocks than for bonds." Is factually true, but if bonds come in at a -5% and stocks -4%, you still lost. And I'll look the other way on the fact that you gave no indication of time; which by the way is the single best way to tell if someone knows what they are talking about regarding investment suitability and prudence.
When compared to bonds, equities are "looking as cheap as they've ever looked," says Templeton's Lisa Myers. The flight of investors into bonds has made them very expensive, and when you compare yields today, "the delineation between the two has become huge." She suggests buying leading large-cap stocks that provide strong earnings to weather the market's storms. (video). [View news story]
When compared to bonds....
Right, those things that are priced by the market and not the Fed....
Yes, still holding TZA. Good to hear you are reading Reminisces, it's one of those books that can be re-read multiple times and each time it's well worth doing so. This week should be very interesting.
As for HDY.... yes, it's still on one of my lists. It's what a good friend of mine calls his "lottery ticket". That's a good way to look at HDY; she's a thin stock riding on the field off Guinea.
That being said, someone clearly knew of the NSAI report and was buying ahead of her public release... That fact should put to rest an questions on the nature of the play.
Regardless, she's got a nice base below her now. Paying up to play right now is simply not the smart; RvR entry is so critical. If she pulls back to ~1.20, or if one wants to be aggressive ~1.30, then the RvR becomes much more favorable.
That said, the way she met immediate selling after the AM buy order[s] emptied their mags, completed within the very common behavior of the first 15 min of trading - i.e. the "morning move".... And the way she sold off the rest of the day to close below the open.... I wouldn't be surprised if a bid ~1.25 was filled in the next week or so.
Of course while waiting the next lotto ball may drop and she'll gap away again.
Sorry I cant be of more help. Thin, not followed stocks such as HDY are simply the grist of Hollywood movies.
DCA and "being out of the market during the biggest up day" arguments interestingly leave out the following facts:
* the biggest up days almost always come very soon after either one of the biggest down days or on a breakout above a consolidation range * the same % loss and required % return relationship that makes leveraged ETFs under-perform long term is what makes DCA work only if the long term trend of the individual's investment window is trending sideways or up
#1 is risk #2 is return
And entry and stop loss is everything when it comes to #1.
Watch what happens when you ban naked shorting, CDS trading and institute a transaction tax with a 6-hour notice, ZeroHedge warns. "With tens of billions in sovereign CDS scrambling to unwind overnight with no prior warning, you will see some seismic moves via arb desks... This is the most ill-thought-out regulatory plan in the history of capital markets." [View news story]
SEC Must Explain Why the NYSE Got 'CLOBered' [View article]
Re: "I repeat: Stopping stop orders."
I think it would help people if you and others made the distinction between Stop Orders and Stop Limit Orders.
Obviously the participants in futures markets, and the rules/limitations/etc are different. But I think education of the public on how the market works is critical to correctly addressing what happened.
The Wall Street Journalblew it with its story on the ratings agencies, Ryan Chittum writes, arguing the piece skipped over smoking-gun documents showing S&P and Moody's fudging CDO criteria in order to secure business. [View news story]
The referenced piece is a perfect example why journalism is in the trash. None of what is written is anything other than subjective opinion with references to non-verifiable sources. Some of the linked stories have named players, but most of the "information" is un-named hearsay.
None of the liberal "journalism" establishment has any real ethical character or courage, otherwise they would be looking into the GS/Moody's/Warren Buffett relationship.
The fact is, like Elliot Spitzer, the liberal journalist establishment didnt do their job when things were good and "everyone was making money" but wants to act as members of high morality when everything blows up.
And remember, they werent even smart enough, after almost a decade, to figure out that the science behind "Man Made Global Warming" was a bunch of crap. Anyone with a hard science background could see it the data was perverted and a lie. But they werent listened to and were vilified under personal attacks.
Most of the media/journalist establishment is at best pathetic.
"I haven’t read the whole paper, so I have no idea how credible the maths are, but I do dig the heroic banging together of oil, complexity and the earth’s angular momentum in a single paper."
Or maybe it's just another bunch of scientists floating ideas in the hope idiots with zero scientific or analytical critical thought will find the idea "heroic" and "fascinating" enough to provide them a grant so they dont have to get off the "scientific research" gravy train....
Some analysts aren't sure Citigroup (C) can survive absent a government safety net. "Letting Bank of America repay its TARP funds was ridiculous, but letting Citi out is even more problematic," one says. [View news story]
Ahhhh, so there IS something more problematic than "ridiculous".....
Stryker: Prospering with Predictable Growth [View article]
Okay. But does all that really matter when Mr. Market has for the 3rd year now said "sell"....
That said, if health care goes down, then she has a chance. And I think that eventuality is what you are seeing in the tape this past two weeks.
Also, where she is trading makes for a very nice RvR [risk vs reward] entry; a stop below last weeks low and add to the position if she can get above the 25 level...
U.K. market regulator FSA warns about stock spoofing (.pdf), where traders stack the order book of a stock on one side, then quickly pull those orders after their true intention (an opposite trade) is executed. FSA says spoofing could trick algorithmic trading systems into thinking there was "a host of buying and selling interest that wasn't really there." [View news story]
Classic, market participants flashing orders away from the NBBO has been done since the beginning... Only bureaucrats and idiots would consider this manipulation...
American Airlines' Dilemma: Creditors In The Captain's Seat [View article]
First of all, no one cares that you are a "captain" - airline captain's are the best modern day example of an over rated Peter Principle product.
Second, no one cares about the concessions you gave in the past. Your skill set does NOT command the same pay scale as it did in the past.
Management may be f'd up, another thing the public doesnt care about, but the pilots need to wake up and face the reality they are no longer the seen as the 1930-40's icon pilots once were.
Twenty-seven years ago, the skill set required to be a pilot was far greater than required now; and the profession was more dangerous. But it's 2010+, during your "Charlie Brown" years you were more than well paid - you, like construction workers during the housing bubble - should have seen the writing on the wall. After all, pilots are supposed to be very smart and are always "ahead of the aircraft", right?
As for pilots being people of character and ability, I've had airline pilots lie right to my face. An American pilot basically said f'u to me on my luggage issue; his co-pilot, before departure, took my bags - because the cabin was "too full" [it wasnt, 5 people came in after me] and said it would be at the destination. When my bag was missing, the lead pilot was a complete @ss hole - he said litterally "too bad" and walked off and left me in a closed regional airport. He didnt even have the decency to help me find or get in contact with another AA member.
So as far as I am concerned "captain", as a paying customer - f'u this time. You dont rate anything other than an economic consideration.
The airline pilots are getting what they are due. You're not supermen. You're not under paid. And for the most part, airline pilots are over paid arrogant BS'rs. That's the truth. Clean up your profession, and then maybe you'll get more respect.
If AA wants a pilot, they can call me - I'll take 75% of your asking package today, right now.
HCSKnight
A retired military pilot
American Airlines' Dilemma: Creditors In The Captain's Seat [View article]
Please stop the BS, I'm a retired military pilot. The fact is piloting is a skill set, and experience is important. However, the reality is technology has come to the point where the pilot is in the cockpit for passenger psychology - NOT because there's any other economic value.
Pilots are facing exactly what HS & grade school teachers have had to face; there's a long line of qualified applicants willing to take less pay to do the job.
By the way, the lowest paid pilots are Army helicopter pilots - and the flying skills required of that kind of piloting in combat is far far more difficult than required to be a military jet jock needs today. Ditto for an airline pilot.
The game is up, you are a glorified truck driver. That is the truth. Get used to it, and to the pay.
When compared to bonds, equities are "looking as cheap as they've ever looked," says Templeton's Lisa Myers. The flight of investors into bonds has made them very expensive, and when you compare yields today, "the delineation between the two has become huge." She suggests buying leading large-cap stocks that provide strong earnings to weather the market's storms. (video). [View news story]
Really? Really? If true you should show the math, you'll win the next Nobel prize.
By the way, when saying things like "The total return could be higher for stocks than for bonds." Is factually true, but if bonds come in at a -5% and stocks -4%, you still lost. And I'll look the other way on the fact that you gave no indication of time; which by the way is the single best way to tell if someone knows what they are talking about regarding investment suitability and prudence.
When compared to bonds, equities are "looking as cheap as they've ever looked," says Templeton's Lisa Myers. The flight of investors into bonds has made them very expensive, and when you compare yields today, "the delineation between the two has become huge." She suggests buying leading large-cap stocks that provide strong earnings to weather the market's storms. (video). [View news story]
Right, those things that are priced by the market and not the Fed....
S&P elegance, Occam and F=ma [View instapost]
Buy-Stops, Chasing & Averaging Losers [View instapost]
As for HDY.... yes, it's still on one of my lists. It's what a good friend of mine calls his "lottery ticket". That's a good way to look at HDY; she's a thin stock riding on the field off Guinea.
That being said, someone clearly knew of the NSAI report and was buying ahead of her public release... That fact should put to rest an questions on the nature of the play.
Regardless, she's got a nice base below her now. Paying up to play right now is simply not the smart; RvR entry is so critical. If she pulls back to ~1.20, or if one wants to be aggressive ~1.30, then the RvR becomes much more favorable.
That said, the way she met immediate selling after the AM buy order[s] emptied their mags, completed within the very common behavior of the first 15 min of trading - i.e. the "morning move".... And the way she sold off the rest of the day to close below the open.... I wouldn't be surprised if a bid ~1.25 was filled in the next week or so.
Of course while waiting the next lotto ball may drop and she'll gap away again.
Sorry I cant be of more help. Thin, not followed stocks such as HDY are simply the grist of Hollywood movies.
Good hunting sir.
Knight
The Dangers of Timing the Market [View article]
* the biggest up days almost always come very soon after either one of the biggest down days or on a breakout above a consolidation range
* the same % loss and required % return relationship that makes leveraged ETFs under-perform long term is what makes DCA work only if the long term trend of the individual's investment window is trending sideways or up
#1 is risk
#2 is return
And entry and stop loss is everything when it comes to #1.
AMDG
Watch what happens when you ban naked shorting, CDS trading and institute a transaction tax with a 6-hour notice, ZeroHedge warns. "With tens of billions in sovereign CDS scrambling to unwind overnight with no prior warning, you will see some seismic moves via arb desks... This is the most ill-thought-out regulatory plan in the history of capital markets." [View news story]
SEC Must Explain Why the NYSE Got 'CLOBered' [View article]
I think it would help people if you and others made the distinction between Stop Orders and Stop Limit Orders.
Obviously the participants in futures markets, and the rules/limitations/etc are different. But I think education of the public on how the market works is critical to correctly addressing what happened.
HCSKnight
The Wall Street Journal blew it with its story on the ratings agencies, Ryan Chittum writes, arguing the piece skipped over smoking-gun documents showing S&P and Moody's fudging CDO criteria in order to secure business. [View news story]
None of the liberal "journalism" establishment has any real ethical character or courage, otherwise they would be looking into the GS/Moody's/Warren Buffett relationship.
The fact is, like Elliot Spitzer, the liberal journalist establishment didnt do their job when things were good and "everyone was making money" but wants to act as members of high morality when everything blows up.
And remember, they werent even smart enough, after almost a decade, to figure out that the science behind "Man Made Global Warming" was a bunch of crap. Anyone with a hard science background could see it the data was perverted and a lie. But they werent listened to and were vilified under personal attacks.
Most of the media/journalist establishment is at best pathetic.
AMDG
HCSKnight
How Oil Puts the Planet on Tilt [View article]
Or maybe it's just another bunch of scientists floating ideas in the hope idiots with zero scientific or analytical critical thought will find the idea "heroic" and "fascinating" enough to provide them a grant so they dont have to get off the "scientific research" gravy train....
Sirius XM Radio, New York Times Riskiest Media Company Investments [View article]
Some analysts aren't sure Citigroup (C) can survive absent a government safety net. "Letting Bank of America repay its TARP funds was ridiculous, but letting Citi out is even more problematic," one says. [View news story]
Stryker: Prospering with Predictable Growth [View article]
That said, if health care goes down, then she has a chance. And I think that eventuality is what you are seeing in the tape this past two weeks.
Also, where she is trading makes for a very nice RvR [risk vs reward] entry; a stop below last weeks low and add to the position if she can get above the 25 level...
U.K. market regulator FSA warns about stock spoofing (.pdf), where traders stack the order book of a stock on one side, then quickly pull those orders after their true intention (an opposite trade) is executed. FSA says spoofing could trick algorithmic trading systems into thinking there was "a host of buying and selling interest that wasn't really there." [View news story]
Unbelievable.