posted by: Lucky Lucan
for: finance
2010 · 05 · 06
Nothing written here is true, but that’s exactly how it is.
My name is Lucan “Lucky Lucan” they call me “Lucky” because I was born a ‘Bookie Type.’
Fielding or Punting at the track is so passé. Racing charges you for fielding on their product, so screw them I have my pride and I demand respect. Anyway, I have a political champion ‘Golden Brown’, who has welcomed me into the City of London with open arms. I can field on financial markets and stocks to my heart’s content. No Company Director has ever billed me for fielding, on his company share price, because people act in a certain way for a reason. I don’t care if a company needs to raise capital; no that’s just an invitation for someone to square off.
At My company LLM Index P/L (LLM) we like to take financial side bets and give you a ticket. The default is high leverage. LLM can do it all at low cost over the internet.
Academics are so stupid. This is not a put or call option this is like ‘Portfolio Insurance.’ Buying begets buying and selling begets selling – until exhaustion. Remember the 1987 CRASH? I have even seen academics praise stop loss orders. Fine in theory, but what are the true odds of a firm stop order going off? Try 80% against you. I will tell you about market efficiency and it has nothing to do with price or volume. This is market efficiency – it will ELIMINATE the maximum amount of weak holders in any instance in time!
One advantage that LLM has is that we hold the bets (block or small). This gives us a fair amount of market intelligence and we need to determine if these bets are about accumulation, speculation or distribution.
I love getting our regular computer returns at LLM. The first thing we do is divide our accounts into ‘Winners’, ‘Losers’ and ‘Wood Ducks.’ We determine where we have risk and lay it away in the Physical or other Virtual Markets. Wood Ducks are dead in the water, they are the weak holders. When stops pile up on any given object they are just asking to get blown away, which is why we are constantly advertising “Wood Ducks Wanted.”
Nothing written here is true, but that’s exactly how it is.
Declaration of interest: NULL
WOW talk about Synchronicity 101.
Just a few hours after this Lucan post.
The STOPS get run 1000 points on NYSE.
Masterful!
We have received email like Cat’s Dinner = Wood Ducks.
This refers to an excellent investigative article by Stuart Washington and Adele Ferguson of the SMH.
URL=“http://www.smh.com.au/business/when-brokers-are-the-enemy-20100827-13w40.html”
We have contacted the SMH and they have never heard of rooloose.com the real issue is that the investment community is up in arms about the Bucket Shop Business Model (which is not sustainable).
We are highly encouraged that the mainstream press is alerted to these Lucky Lucan (bookie) types and we have done our best to impress upon them that Bucket Shops motivate people of all standings in a destructive way and are detrimental to shareholders as they artificially increase the availability of shares – ED.