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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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The Sun-Baked Speculator
Tom Ryan
12/29/04
More Market Operator
Talk
'One word, plastics' is a phrase used to describe why seasoned portfolio managers own the latest highflying technology stock even if it conflicts with their investment style.
'Semi-strong form' is an adjective used by financial academics when the currently accepted theory is obviously wrong but as yet no alternative hypothesis has been proposed.
'Learned a valuable lesson' is stock operator code for a sizeable loss.
'Post-divestiture flourish' refers to the tendency for a security price to accelerate its move in the direction of one's position but only after one has exited the position leaving one with the regret that one could have doubled the profit if one had held on for only another hour/day/week.