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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (22417)	5/19/2000 8:43:00 PM
From: LLCF	Read Replies (1) \| Respond to of 29970

<Not quite. You didn't understand what I posted. Don't mistake liquidity's effect for efficiency. We used B&S and then Merton for pricing but we found that the market had a will of its own. You couldn't hold to any model too firmly. This was outside of any consideration of transient states including market translations. You can't adapt to optimal efficiency by following model dictates. The only claim that one could make is that the modeling now is better and more computer driven than in the past, but the difference is too small to make a difference and occurs in the realm under a teeny. So your argument is moot practically and hypothetically true theoretically. > You're a real hoot! When someone is right about something, you say things like 'not quite'... and go off on your dogmatic textbook rants... it's amusing but a waste of time. The option markets are more efficient than back when you blew off the floor, any REAL option player with any experience knows this, arbitrage for larger quite sums then, etc... ... and many players had no clue.... yea modeling is better more liquidity, blah blah too. <The problem is one of a failure to use the King's English.> yes, my english is terrible, but I get to the point, speak openly and freely waiting to be corrected or shown something new, which you despise, opting for facesaving and BSing as if anyone here cares. <I didn't say that exactly, did I, because I knew you'd make some air head squawk. > yea right... NOT! Your longwindedness showed your ignorance. <You can't make it in options if you aren't on the floor. You have no chance by your own admission.> Not! Ton's of off floor players making quite nice livings, especially in this market. But hell I do agree with you on that, the floor is too much work I'm off now. But you're kidding about the floor right! Look at the seat prices soar on the AMEX!! [despite the bulk of the premium players being off floor and growing] As long as we have stupid institutional money on the other side there is positive expected value in every trade. Maybe the other side is you guys though... so I won't say more... if it is thanks, maybe that's why you're so in love with this efficient market thing, you don't want to admit you're pissing away client money?? <There are no smart option players and you will learn this in due time. The activity when done in the only possible rational way is boring and mechanical, > You're not much good at being credible despite your obvious but misguided 'book knowlege' on 'some' points... anyone in the know seeing the first part of this will see you're off the wall. As for the second part.. you're right, it is boring and mechanical... that's why I take tons of time off. I find fundamental research on stocks much more interesting. <You haven't said anything technical, > And you haven't said anything practical.. in fact it's clear that even when technical you get you're textbooks mixed up... you can tell by the way you answer what you want and the rest is 'stupid', or 'idiot questions'. <you make sure you don't divulge what you think you do know. You don't do that because I'm going to tear it apart> yea, right, you really tore up my question! Even a "floor flunky" like you apparently used to be knows that!! You know you should really fill in your profile so your clients could see what a bone head you are... for a guy who claims others are trying to BS him you're awful secretive with your anonomous 'handle'... makes it easier for BS'ers! Meanwhile you're blindly attacking about how I'm unsuccessful and how I blew out, or whatever when I hide behind nothing, have posted my trades and biotech portfolio on SI since I became a member! You really are a HOOT!!! You should really watch your temper, anyone can see that most of all that probably comes from your own experience, not that I gloat, but you should really watch what you say. <Why not answer my simple question and show everyone how competent you are? It's a standard situation. Every market maker deals with exactly that situation every day. The only difference is that most have more positions, but the essence of the matter is the same.. No, it's not it's a cryptic jerky little scenario you dreamed up in your head! Every option player on SI can see this, do you really wan't to look so weird? Whatever... have a great weekend. DAK