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Ophir

11,173 Posts.

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06/12/16

20:46

Post #: 21150548
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Originally posted by wombat53 ↑

I think most (or certainly very many) on HC are active traders...just look at the enormous popularity of the DT and STT Forums.
Even eshmun says he trades (but only when bored), Ophir now shorts gold stocks (to my surprise, while at the same time as buying gold stocks - even more amazing), martis is in cash - must have unloaded the truck, to stop the bleeding....he's not young, and doesn't have infinite time..(like me).... we get new surprises every day here at the Circus Maximus.
Proprietary (aka Principal) Trading, along with that for Institutional Clients is perhaps the biggest business in the world, certainly one of the most profitable in Financial Institutions .
Just look at this photo (quite old, and only partial image - the room is just too big), of the UBS Trading Floor in Stamford, CT. Size of 3 football fields. It was over a decade ago...surely bigger now.
I don't see them with green eyeshades and lead pencils doing complex DCF analysis, for companies to hold for the "long term". This is called "the real world". This is how employees of such firms get re-imbursed, incentivized, paid... how much $$$ they can make for their firm. Be it in Equities, Fixed Income or Currencies, and their various derivatives.
I don't know who you are replying to @AverageJoe, (many are ignored by me), but whoever it is, they must be utterly clueless about the real world...like quite a few here, I suggest.
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Hi Wombat, if I'm short NCM, it may just mean I don't have any, as opposed to shorting NCM. I don't short gold stocks. I either sell the ones I trade or buy NCM puts, which I suppose is like shorting it. Until the banksters tied up the gold market in the 1990s there was many a man walking the streets who had shorted gold or gold stocks. Today it seems they're the ones who haven't btw, you don't have to be a genius to see how rigged the markets are
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