Trader’s thread

[likewise]

Originally Posted by Doodle

Good show, LDMA.

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Originally Posted by kingwilly

nah, i think i heard someone boasting abt being a day trader.... whoopee doo.

its called gambling.


i prefer to pick a blue chip for medium to long term.

my nest egg allbeit smallish is growing.

It's not gambling if you can read charts. Actually a lot of money to be made, sure there are losses but the profits far outweigh them.
Up to now at least .

[ajarnsomeday]

Anybdy take a chance with Vonage? It just blew up today (@80% jump), damn I should listen to myself more often

Link

[Om Bak]

^Awesome rally there, its broken thru resistance at 2.50 now.

[Jellybean]

I have done a thread clean up and taken out most of the bickering and insulting posts.

[natalie8]

Thanks, JB.

[8ball]

Originally Posted by zehner

there's a certain scouser who's into it too

I started by stealing hubcaps,,,,,, u know scousers

I'd like 2 help ,,,,,okie dokie,,,,,,,,got it,,,,,I'll b the bank,,,,,,,

yews can all leave ur filthy lucre wiv me innit

safe as 'ouses my brothers,,,,,,,,safe as 'ouses


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Originally Posted by Jellybean

I have done a thread clean up and taken out most of the bickering and insulting posts.

Jellybaby

I can hardly b leev ther wuz summa those

on this the most conservative of forums

shockingly shocking,,,,but thx

[Om Bak]

Thanks JB

BHP Billiton confirmed last night it had proposed the world's biggest mining merger with rival Rio Tinto Group, a proposal that Rio rejected.

Rio said in a separate statement that BHP's offer "significantly undervalues" it.

BHP, however, indicated it was not taking no for an answer, saying it was trying to arrange a meeting with Rio.

Rumours of a possible merger between the two mining giants had pushed Rio shares $1.18 higher to $113.40 in Australian trading in a falling market. In London last night news of BHP's proposal sent Rio shares up 28 per cent while BHP Billiton shares fell by 2 per cent.

A merger of BHP and Rio would create a mining giant worth about $406 billion, based on their market values before last night's developments.

BHP tilts at Rio, proposing merger of giants - Business - Business

Bloomberg.com: Worldwide

[Om Bak]

For any one thats interested.

Nov. 11 (Bloomberg) -- BHP Billiton Ltd., the world's largest mining company, may need to offer a 60 percent premium to buy Rio Tinto Group, Perennial Investment Partners Ltd. said.

``Perhaps that's the price to get a friendly merger,'' Ken West at Melbourne-based Perennial Investment, which manages A$20 billion ($18 billion), including Rio shares, said in an interview shown on the Australian Broadcasting Corp. today. Rio paid a similar premium to buy Alcan Inc. for $38.1 billion, he said.

Rio won't consider any bid below 70 pounds ($146) a share, The Times of London said today, citing unidentified people close to the third-largest mining company. That's a 61 percent premium to the stock's price before Melbourne-based BHP said Nov. 8 Rio had rejected an indicative three-for-one share offer.

The proposed takeover, which may be the world's largest, underscores BHP Chief Executive Marius Kloppers's prediction that a five-year rally in commodities will be sustained. BHP may need to add cash to its offer, investors said.

Bloomberg.com: Worldwide

My guess is the final price could easily be north of $160!

[esoteric1]

E*Trade going to shit....maybe

E*Trade Shares Fall; Analyst Says Bankruptcy Possible

Bloomberg.com: Worldwide

and:

E*Trade sinks 59 pct on losses and bankruptcy fear - Yahoo! News

[Om Bak]

For those holding ANZ.

ANZ has sought to reassure nervous customers of its online brokerage arm Etrade that there are no links to the sub-prime-related woes plaguing the US company of the same name.

Some Australian customers began to panic yesterday after the New-York based Etrade Financial Group revealed it would book "significant writedowns" this quarter for asset-backed securities on the back of credit market concerns in the US.

ANZ's Etrade unit has 'no links' to US firm | The Australian

[likewise]

IN forex all is going well, made some nice dosh on eur/usd last week. eur/yen is a good pair to trade as well for medium term.

[Om Bak]

^ Good to hear your doing well in FX, like a duck to water

[likewise]

Thanks .