Tuesday, January 11
Our baby boy was born this morning and weighed in at a hefty 8 pounds 13 ounces, which was quite a feat for Mom to do naturally, but she did it with grace and I'm very proud of her. The Chairman suffered several mental breakdowns during the ordeal, but pulled through in the end after sucking down several buckets of ice chips -- hold the bourbon! ;-)
I'll probably resume blogging on Thursday or Friday, so look for me then. Thanks for your patience, especially to those who receive my (missed-on-Monday) newsletter.
Posted on January 11, 2005 at 21:15, GMT
Monday, January 10
No Chat Today Since Baby's Arrival Is Imminent
It's very likely that baby will arrive today or tomorrow so the usual pre-open chat will not be held. If you're a new visitor and looked forward to chatting, I'm sorry but you'll have to try back later in the week when I hope to be both awake and coherent.
Posted on January 10, 2005 at 7:55, GMT
MaoXian.com Receives a Kind Mention in Barron's
MaoXian.com was mentioned in the Electronic Investor column in this week's issue of Barron's. The site was described as a "Lively Blog," which I think is a nice way of saying it's a blog kept by an erratic maniac.
"... this lively site hosts a pre-open chat on trading days, and posts several times daily. It muses on the market, as well as highlighting securities of interest in tables and charts and linking to noteworthy articles and comments from other sources."
Thanks for the attention, Kathy.
Random Roger first alerted me that the site was written up since I don't subscribe to Barron's. Trader Mike was next to email me with his congratulations. I'm glad to keep company with those heavyweights, both of whom deserve to be featured in Barron's at a future date (this is a joke).
It looks like I got about two or three hundred more visitors than normal over the weekend, who were no doubt confused since they were confronted with the Gratuitous Cute Chick Pic the moment they arrived.
Posted on January 10, 2005 at 7:45, GMT
Chart of the Day -- Ten-Year Treasury Note futures, 15-min. Chart
You can see the typically brutal action in the Ten-Year T-Note futures last Friday. The range stretched from 110^235 to 112^18 in the first 30 minutes of trading, cleaning out all the stops far and wide. Woe to the little guy who attempts to hold through the employment number.
Ten-Year Treasury Note futures, 15-min. Chart
Posted on January 10, 2005 at 7:35, GMT
Not an Acquisition, but a Group Hug
E*Trade's Captain of Discipline, by Joseph Weber:
"Q: Your preference would be to acquire Ameritrade?
A: Yeah. I think that's right. But you want to know the truth. I actually believe this is what makes businesses successful. You don't acquire them. They don't acquire you. You really bring it together, even if you have disparate sizes."
Posted on January 10, 2005 at 7:25, GMT
News from the Financial District's Future Bowlmor Lanes
$1m sale of trading seat underscores NYSE woes, by Andrei Postelnicu:
"A seat on the New York Stock Exchange yesterday changed hands for the lowest price in almost a decade.... The seat, or licence to buy and sell shares at the NYSE, traded for $1m yesterday, the lowest price paid for one of the 1,366 seats since 1995. In the continuous auction process that goes on, the bid price for the next available seat fell below $1m. Seat prices have been declining from a peak of $2.7m in August 1999...."
Posted on January 10, 2005 at 7:15, GMT
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