h*******y 发帖数: 864 | 1
Huh?
We have long invested in derivatives contracts that Charlie and I think are
mispriced, just as we try to invest in mispriced stocks and bonds. Indeed,
we first reported to you that we held such contracts in early 1998. The
dangers that derivatives pose for both participants and society – dangers
of which we’ve long warned, and that can be dynamite – arise when these
contracts lead to leverage and/or counterparty risk that is extreme. At
Berkshire nothing like that has occurred – nor will i |
|
a*****e 发帖数: 1717 | 2 The new FocusShares ETFs have only been trading for two sessions, but have
managed to attract attention for a number of different reasons already. The
unit of Scottrade debuted 15 U.S. equity ETFs yesterday, making a splash in
the ETF industry with rock bottom expense ratios that undercut many of the
competitors. The new ETFs will also be available commission free in
Scottrade accounts, helping to level the playing field with brokerages such
as TD Ameritrade and Fidelity that have already rolled... 阅读全帖 |
|
p******e 发帖数: 17163 | 3 又没发生。 不急。
要有绝对的信心市场的misprice只是暂时地。
要有绝对的信心当前的经济形势正在恶化,年底全球经济二次探底的机会虽非绝对,但
是至少是存在的。于是当前的价格必须在1200下方。
要有绝对的信心,当市场过度misprice的时候,reprice将会是猛烈的,出乎意料的,
且在我们最不经意的时候到来。 即是说,当我们一次又一次失望的时候,暴跌闪崩的
时机已经成熟。
继续月底前看1200乃至更下,下个月底前1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
的金融证券等投资行为所造成盈余或亏损概与poiuytre无关。
Disclaimer:
Opinions expressed above are the opinions of Poiuytre and are ... 阅读全帖 |
|
p******e 发帖数: 17163 | 4 又没发生。 不急。
要有绝对的信心市场的misprice只是暂时地。
要有绝对的信心当前的经济形势正在恶化,年底全球经济二次探底的机会虽非绝对,但
是至少是存在的。于是当前的价格必须在1200下方。
要有绝对的信心,当市场过度misprice的时候,reprice将会是猛烈的,出乎意料的,
且在我们最不经意的时候到来。 即是说,当我们一次又一次失望的时候,暴跌闪崩的
时机已经成熟。
继续月底前看1200乃至更下,下个月底前1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
的金融证券等投资行为所造成盈余或亏损概与poiuytre无关。
Disclaimer:
Opinions expressed above are the opinions of Poiuytre and are ... 阅读全帖 |
|
发帖数: 1 | 5 与其灌水,不如读巴菲特致股东信之2006年
在股板潜水了很久,发现越来越碎片化,充满各种负面的杂碎的片面的无聊的东西。那
么多的时间,与其在这里灌水对骂,还不如读读经典,正本清源。或许更有意义。
从本篇开始,我要开始读巴菲特致股东的信,谈谈自己对文中观点的思考和看法。一方
面为了跟大家分享,另一方面也是督促自己,坚持下去。
并不是说巴菲特就是神,他说的一定对,我们一定要照做。我在阅读中,得到更多的好
处是,他提到了很多思考问题的角度,还有思考的点,自己以前从没想过。即便他不告
诉你答案,而只是告诉你思考什么,你顺着这条路去琢磨一下,就会受益匪浅。
有些东西,要经过岁月的沉淀,才能成为让你终生受益的投资理念,而不是那些什么技
术分析金叉三红兵大阳棒。
其实巴菲特1977年开始给股东写信,40年了。为什么从2006年的信开始?很多人说2017
、2018已经是大牛市的终结,马上要回调甚至recession,毕竟7、8年一回吗。那我就
想看看在上一次大危机前夕,巴老师在想什么在干什么。
让我们从2006年开始。
2002 ...................................... 阅读全帖 |
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l*******g 发帖数: 3 | 6 你的99%probability是主观的,你会觉得option misprice就如同你觉得stock price也
misprice了。
RN里,就是你现在付p_tilda_i/(1+r)钱,明天如果在i状态就给你1块钱
怎么算p_tilda_i? 就是用现在市场上的证券线性组合起来,让明天的payoff(at
state i)=1的价钱
用(1+r)因为这个东西无风险 |
|
T********N 发帖数: 2680 | 7 China's yuan never suffered sharp fall overnight
Rumors swirled on social media on Tuesday that China's currency dropped
sharply in overnight trade, but the purported move may have been an isolated
hiccup from some providers.
Some currency data providers were showing that the yuan tumbled, with the
dollar fetching as much as 7.49 yuan in overnight trade. It wasn't clear if
the data were indicating the offshore yuan or the onshore currency, but the
onshore currency does not trade overnight. That ... 阅读全帖 |
|
c*********t 发帖数: 2341 | 8 云南城投股价长期存在mispricing
这支股票前一段时间价格一直非常低除了打压房地产的政策因素外,还有昆明市委书记仇和为了GDP政绩和中央政府唱反调“弃量保价”不让他们开发的因素。其实他们在滇池东边拿的地价都超过现在的总市值了。预计这支股票的业绩会在未来三年逐渐释放。
另外说一下我是做长线的,做短线的就不要乱跟了 |
|
k*******3 发帖数: 1909 | 9 We're contacting you about order. Unfortunately, we recently discovered that
an error caused the following item(s) to be displayed at an incorrect price:
CanonFaxphoneL90LaserFaxandPrinter(2234B007AA)
In this case, we're unable to offer this item for the incorrectly posted
price. Therefore, we've cancelled your order for this item.
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. We're very sorry for this
disappointing news.
We va |
|
k****n 发帖数: 3803 | 10 Hello,
We're contacting you about order #111-1234567-1234567. Unfortunately, we
recently discovered that an error caused the following item(s) to be
displayed at an incorrect price:
Atlantic Furniture Four Tier Bookcase, Natural Maple
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. However, this was our mistake, and we
'll honor the incorrect price for one of the items you ordered. We're unable
to honor the price for multiple qua |
|
b***e 发帖数: 3337 | 11 We're contacting you about order #xxxx. Unfortunately, we
recently discovered that an error caused the following item(s) to be
displayed at an incorrect price:
B002SW4LJ4
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. However, this was our mistake, and we
'll honor the incorrect price for one of the items you ordered. We're unable
to honor the price for multiple quantities of this item. Therefore, we've
adjusted the quantity of |
|
w****a 发帖数: 6326 | 12 Hello, We're contacting you about order #103-5841947-2357011. Unfortunately,
we recently discovered that an error caused the following item(s) to be
displayed at an incorrect price: Microsoft Arc Mouse Red - Scratch and Dent
Packaging In this case, we're unable to offer this item for the incorrectly
posted price. Therefore, we've cancelled your order for this item. At any
given time, despite our best efforts, a small number of the millions of
items on our site may be mispriced. We're very sorry |
|
m***l 发帖数: 1267 | 13 We're contacting you about order #. Unfortunately, we recently discovered
that an error caused the following item(s) to be displayed at an incorrect
price:
Razor A3 Kick Scooter
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. However, this was our mistake, and we
'll honor the incorrect price for one of the items you ordered. We're unable
to honor the price for multiple quantities of this item. Therefore, we've
adjusted the quant... 阅读全帖 |
|
f****g 发帖数: 4248 | 14 日,没注意,shared Prime的那个host估计买kindle被block了。我的prime不行了。给
了Amazon充足的时间把我的十几单都给cancel了。
Hello,
We regret to inform you that an error caused an incorrect promotional code to be accepted on our website. We are not offering the promotion at this time.
In accordance with our posted policies on pricing, we are unable to offer the item(s) you ordered for the incorrectly posted pomotional price. Therefore, we have cancelled the item(s) from your order.
At any given time, despite our best efforts, a smal... 阅读全帖 |
|
r******s 发帖数: 3662 | 15 晕,那估计shipping soon的也没戏了
to be accepted
on our website. We are not offering the promotion at this time.
the item(s) you
ordered for the incorrectly posted pomotional price. Therefore, we have
cancelled the item(s)
from your order.
millions of items on our
site may be mispriced. We do, however,
item's correct price is
higher than our stated price, we will, at our discretion, either contact you
for instructions
before shipping or cancel your order and notify you of such cancellation.
This pol... 阅读全帖 |
|
f*******l 发帖数: 1231 | 16 all in 的精神值得敬佩
to be accepted on our website. We are not offering the promotion at this
time.
the item(s) you ordered for the incorrectly posted pomotional price.
Therefore, we have cancelled the item(s) from your order.
millions of items on our site may be mispriced. We do, however,
item's correct price is higher than our stated price, we will, at our
discretion, either contact you for instructions before shipping or cancel
your order and notify you of such cancellation. This policy is po... 阅读全帖 |
|
I****9 发帖数: 5245 | 17 Oops!
We made a mistake! The item(s) you ordered were accidentally listed with an
incorrect price. We apologize for any inconvenience and absolutely beg for
your forgiveness. We’ll make it up to you by continuing to bring you new
and great products!
The following items were effected:
-Ty Pennington Vanilla Center Bookcase by Howard Miller
-Ty Pennington Black Left Bookcase by Howard Miller
As a result, these items have been temporarily removed from Amazon.com until
the price is corrected. Custom... 阅读全帖 |
|
y******0 发帖数: 6296 | 18 Thank you for your recent purchase from SupplyBuy through Amazon.com. I
regret to inform you that we have made a grand mistake and will not be able
to fill your order. Just to give you a little background, we are a very
small business of only two employees. Most of our products are shipped from
3rd party distributors, and our margins are slim to none. For those of you
who think that you are dealing with only corporate giants in the Amazon
marketplace, you are wrong.
Yesterday afternoon I mad... 阅读全帖 |
|
d*r 发帖数: 3698 | 19 Dear Amazon Customer,
Thank you for your recent purchase from SupplyBuy through Amazon.com. I
regret to inform you that we have made a grand mistake and will not be able
to fill your order. Just to give you a little background, we are a very
small business of only two employees. Most of our products are shipped from
3rd party distributors, and our margins are slim to none. For those of you
who think that you are dealing with only corporate giants in the Amazon
marketplace, you are wrong.
Yes... 阅读全帖 |
|
s***b 发帖数: 319 | 20 2 of Excalibur Equinox Varizone Crossbow Package [ASIN: B001RMURDK]
------------- Begin message -------------
We are sorry to inform you we had a data pricing error occur tonight which
resulted in a misprice. Your order has been cancelled and your card has not
been charged. We are sorry for any inconvience this has caused.
Thank you,
Archer Full Throttle
已经取消了 |
|
W****t 发帖数: 8270 | 21 Hello,
We're contacting you about order #103-××××××××××. Unfortunately, w
e recently discovered that an error caused the following item(s) to be displ
ayed at an incorrect price:
Brother MFC-9970CDW Color Laser All-in-One with Wireless Networking and Dupl
ex
In this case, we're unable to offer this item for the incorrectly posted pri
ce. Therefore, we've cancelled your order for this item.
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mis... 阅读全帖 |
|
c*******l 发帖数: 1646 | 22 We're contacting you about order #xxxxxxxxxxxxxxxxxxUnfortunately, we
recently discovered that an error caused the following item(s) to be
displayed at an incorrect price:
Scotch Box Sealing Tape 311 Clear, 48 mm x 100 m
In this case, we're unable to offer this item for the incorrectly posted
price. Therefore, we've cancelled your order for this item.
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. We're very sorry for this
disap... 阅读全帖 |
|
c******y 发帖数: 174 | 23 赖帐砍单了,真是快
Hello,
We're contacting you about order #xx. Unfortunately, we recently discovered
that an error caused the following item(s) to be displayed at an incorrect
price:
Dell UltraSharp U3011 30" Monitor
In this case, we're unable to offer this item for the incorrectly posted
price. Therefore, we've cancelled your order for this item.
At any given time, despite our best efforts, a small number of the millions
of items on our site may be mispriced. We're very sorry for this
disappointing new... 阅读全帖 |
|
|
s********n 发帖数: 1962 | 25 ☆─────────────────────────────────────☆
starwood (四大伍德) 于 (Sat May 17 22:44:03 2008) 提到:
三月被beat down之后就似乎稳定了,但是也没跟着s&p500彪。market
是不是over bearish了?负面新闻都有哪些?MRK一个药没过,还有
几个公司承认misprice价格?大选年算不算?
☆─────────────────────────────────────☆
theisland (theisland) 于 (Sat May 17 23:41:19 2008) 提到:
Of course the most significant perceived risk is healthcare reform proposed
by Democrats. People are afraid that universal healthcare is going to
severely damage the pricing power of healthcare compani |
|
c*********t 发帖数: 2341 | 26 方法很简单,就是通过fundamental analysis找出mispriced股票
然后buy and hold |
|
s**********n 发帖数: 868 | 27 A股好像给我的印象是如果按这边正常的沽值来看所有的股票都贵得不行,真的有
undervalue的股票可以给你买来hold么?我没仔细FA过,随便问问。
还是说你假设A股的整体沽值合理,找到相对peers偏低的股票就认为mispriced了? |
|
c*********t 发帖数: 2341 | 28 从03年初开始投资米国股市,到08年8月撤出全部资金,总共5年半的时间,平均每年
outperform market 25%左右。08年10月初开始转战国内A股市场,到现在半年多一点,
已经outperform market 30%了。当然这种成绩有一定的偶然性,但一年下来
outperform market 40%以上估计还是可以实现的。
我想国内股市比美国好做的主要原因在于:美国股市80%以上的资金来自机构投资者,
散户只占了不到20%,基本都是狼和狼直接的较量。而中国散户的资金仍然占了60%以上
,可以找到很多mispricing的机会,只要有一定的投资知识和技巧,长期来看比美国股
市的机会要多不少。另外至少短期内中国对投资收入还是不收税的,这也是一个很大的
优势。
建议大家不妨试一试 |
|
s********h 发帖数: 158 | 29 Well said! good companies are not always good investments, since good
companies are usually priced at premium. Paying high prices for hot stocks
is a good recipe for underperformance. That being said, "usually" is not the
same as "always". IMHO, Mr. Markets misprices rather quite frequently, so
the virtue of patience is important.
The importanace of FA (both qualitatively and quantitatively) is well
discussed in Graham's Intelligent Investor.
Identifying leading companies in an industry is one g |
|
S**C 发帖数: 2964 | 30 Those studies have something in common, they compare the whole active funds
universe and equal weight, which are intellectually lazy and dishonest. Any
investor who do his or her DD won't invest that way. Or you try to tell me
ER and AUM has no signifivant negetive impact on TR? Or anyone should be
surprised that closet-index funds will underperform, given they closely
mirron index yet charge higher fees?
Actually I love to see people move to index funds, it is of my interest for
at least two re... 阅读全帖 |
|
m*********a 发帖数: 3299 | 31 You should know there is a huge difference between CMO and NLY/AGNC.
CMO holds 100% floated rate mortgage, thus it is interest rate insensitive.
AGNC/NLY hold fixed rated mortgage and is very interest rate sensitive.
Right now market mistakenly treats CMO as AGNC/NLY. This is called market
mispriced and sell CMO like AGNC/NLY. So it is a very good time to buy CMO
with a bargaining price, more than 10% below book.
CMO book price will decrease slightly, while AGNC/NLY book value reduced at
least 2... 阅读全帖 |
|
e*****9 发帖数: 250 | 32 本来跳了3份,结果亚马逊跳出来说由于mispriced所以只能卖给你一份。
这种情况能argue么? |
|
n***3 发帖数: 663 | 33 i got the confirmation email and so far did not get the cancellation email
yet. Still worth a try.
In their Terms and Condition of Sales, you can find this statement:
Despite our best efforts, items on our web site may, on rare occasion, be
mispriced. If an item's correct price is lower than our stated price, we
will charge the lower amount and ship you the item. If an item's correct
price is higher than our stated price, we will, at our discretion, either
contact you for instructions before shi... 阅读全帖 |
|
b********y 发帖数: 5829 | 34 Believers in the markets’ wisdom occasionally wind up like the apocryphal
economics professor who left a $100 bill lying on a busy sidewalk, figuring
that it would have been picked up already if it were real. Shares can be
mispriced at the best of times and especially at the worst of times, the
latter surely applying to BP. Even with the not insignificant possibility
that shareholders get wiped out, money is being left on the sidewalk.
The classic argument against buying a distressed security is |
|
k**o 发帖数: 15334 | 35 wallstreet trying to bash it, have faith, buy on dip. Anywhere under $100 is
cheap for LNKD. Wallstreet mispriced the IPO, so they can make more money.
But now they fear facebook/twitter/zynga will ask for higher IPO price, so
they want to make the case that LNKD is overpriced. |
|
x*******i 发帖数: 1791 | 36 看看能不能发现在misprice里赚钱的机会。
要是知道哪里能弄到数据,也请通知我一下。多谢。
给我站内发信息就行。 |
|
c*****r 发帖数: 8227 | 37 1. Buy mid-sized and large stocks that are growing earnings and revenue
2. Buy large and mega-sized stocks that are paying consistent dividends and
have low debt-to-equity ratios
3. Read the news on your stocks once a week maximum, once a month minimum
4. The moment a stock disappoints you or makes you wish you hadn't bought it
, sell it. Immediately and regardless of price. Life is too short to hope
a bad decision reverses itself
5. Don't get In or Out of the market, but modulate your exposu... 阅读全帖 |
|
p******e 发帖数: 17163 | 38 隔夜还没动静,但市场如此的misprice,闪崩在即是毋庸置疑的。如果没有意外的话,
就在今天开始。今天还是以1310下方作为目标。继续月底前看1200乃至更下,下个月底
前见1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
的金融证券等投资行为所造成盈余或亏损概与poiuytre无关。
Disclaimer:
Opinions expressed above are the opinions of Poiuytre and are subject to
change without notice. The information is provided to you for entertainment
purposes only |
|
p******e 发帖数: 17163 | 39 一天又一天让我失望。
但是,我不会气馁的,因为我知道市场不会容许任何的misprice。 我坚信现在的spx最
保守估计需要在1200/20附近,坚信市场会猛烈的把价格打压到该区间,乃至更低。也
许只需要一天,也许两天。 总之,在本月剩下的一个多星期里,随时可能发生。
下个月底前见1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
的金融证券等投资行为所造成盈余或亏损概与poiuytre无关。
Disclaimer:
Opinions expressed above are the opinions of Poiuytre and are subject to
change without notice. The information is provided to you for... 阅读全帖 |
|
p******e 发帖数: 17163 | 40 隔夜还没动静,但市场如此的misprice,闪崩在即是毋庸置疑的。如果没有意外的话,
就在今天开始。今天还是以1310下方作为目标。继续月底前看1200乃至更下,下个月底
前见1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
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Opinions expressed above are the opinions of Poiuytre and are subject to
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p******e 发帖数: 17163 | 41 一天又一天让我失望。
但是,我不会气馁的,因为我知道市场不会容许任何的misprice。 我坚信现在的spx最
保守估计需要在1200/20附近,坚信市场会猛烈的把价格打压到该区间,乃至更低。也
许只需要一天,也许两天。 总之,在本月剩下的一个多星期里,随时可能发生。
下个月底前见1080/1130。
今年年底前到700-800,反正我是信了。
爱信不信,信者得救。
我,终将坚持到最后的胜利!
我们一定得胜,正义属于我方,
“我们信仰泰迪”,此语永矢不忘
免责声明:
以上内容纯属poiuytre个人意见。poiuytre对证券市场的评述和预测等各类信息仅作娱
乐用途,并不构成对任何金融产品的购买、认购、抛售或持有的邀约。投资者据此进行
的金融证券等投资行为所造成盈余或亏损概与poiuytre无关。
Disclaimer:
Opinions expressed above are the opinions of Poiuytre and are subject to
change without notice. The information is provided to you for... 阅读全帖 |
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t******o 发帖数: 3223 | 42 公布的交易价还能相信吗?
Dark markets may be more harmful than high-frequency trading
http://finance.yahoo.com/news/dark-markets-may-more-harmful-044
NEW YORK (Reuters) - Fears that high-speed traders have been rigging the U.S
. stock market went mainstream last week thanks to allegations in a book by
financial author Michael Lewis, but there may be a more serious threat to
investors: the increasing amount of trading that happens outside of
exchanges.
Some former regulators and academics say so much trading... 阅读全帖 |
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a******5 发帖数: 199 | 43 为什么上周RLSPY涨了40多倍,看3个月或者6个月的走势图,为什么每隔一段时间就会
有一个锯齿形出现,是misprice吗?
版上有人赚到这个吗 |
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a*******a 发帖数: 366 | 44 ASHR Oct 15 $38 Call
Bid $6.1 Ask $6.6
Current Price: 44.40
option本身值$6.40 (44.40-38)
bid price比本身价值还低,就算看ask price,也只是加了$0.2的time value。考虑到
到10月分还有将近三个月,好像定价太低,可以考虑买入,不知道我算得对不对。 |
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y********n 发帖数: 4452 | 45 比其他的底,因为那个价格不是MM出的,有卖家放了10个contract的ask price.有一
点点划算而已 |
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a*******a 发帖数: 366 | 46 现在是44.50,如果可以在6.40买到,然后立刻执行,旧可以无风险套利0.1减去
commission吧 |
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y********n 发帖数: 4452 | 47 是,可是量非常少,你的order可能一天一个都fill不到。赚的钱太少。 |
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a*******a 发帖数: 366 | 48 你是对的,现在的价格是6.8,不过好像还是很划算,因为只有0.3的time value, 考虑
到deep in the money, ashr 1% 就有了。而且量很大,有1000多手在6.8上卖。而到十
月份还有60多个交易日,还是对中国股市不看好或者故意压低呀。 |
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y********n 发帖数: 4452 | 49
如果你有很多ashr股票的话,你可以换成call option. 我的不多,懒的换了。不是对
中国股市不看好,是太看好,觉得不会跌那么低,否则premium不会那么低。 |
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a*******a 发帖数: 366 | 50 手头有5k左右,均价43,考虑要不要换一下,可以挪出十六七万现金,前提是十月前别
跌破38。premium太低,诱人啊。看了一篇文章说,ashr的同样参数的put定价比call贵
了80%,鬼子不相信党妈呀。 |
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