Red Herrings & Blue Angels

[Fiona Shnapple]

ICE, and its Rival(s), like LCH,  the Clearing Houses, are veryimportant.


And,

Betting on the Climate, and the Green House Gas Production (oil, gas,
cola, plastics), a Hedge & Arbitrage,  with the Earth in the balance.

And,

Many a Big Deal is a private affair: The Red Herring won't fly because
 the deal won't go public.

These Deals are not Public, no IPO, but Private Placement, and the big
risk is done OTC, Over the Counter where "My Word is My Bond" or,
Derrivitive.


FTD, no flowers, but Fail To Deliver, is one major Risk.

The Trade can't Clear because the Product can't be delivered. But the
deal is done.

In the Pits, haircuts and deal making are done face to face, belly to
belly, funny jackets and all.


But computer trading, clearing, so on, and after 9-11 the pit boyz are
almost toast, is more or less machined.

As The Buyer agrees to Buy what the Seller doesn't own, has either
shorted (sold without owning in the hopes of buying it cheaper before
delivery, or paying a margin till he can get it) or is putting
together, clearing gets clogged with FTD.   And, as these products are
so complex, as stochastics turn the wheel, getting them or making them
is not always possible. Ironic in that the FTDs were CDS.

Anywayz, P is not, anymore than he is in physics, hip deep in this
esoteric stuff, he likes the language the ironies, the ambiguities,
the humor of the phuns and such.

Nevertheless, he does want us to see who brought those towers down,
that it was an inside / insider job, traded right here. Figuratively,
and, Financially.

On Thu, Oct 24, 2013 at 6:18 AM, John Bailey <sundayjb at gmail.com> wrote:
> Is Gabriel ICE (Intercontinental Exchange) the angel of investment
> sought by Silicon Alley prayers?
>
> http://en.wikipedia.org/wiki/IntercontinentalExchange
>
> I'd be all flavours of surprised if the ice cream issues of these
> chapters happen to be coincidental.
>
> On Thu, Oct 24, 2013 at 8:38 PM, Fiona Shnapple <fionashnapple at gmail.com> wrote:
>> When to go Public, when to IPO, or sell your company to the public
>> through an initial offering of stock, is a tough call. Of course, you
>> want to get the best price, but, and Facebook's disaster is a good
>> example, you need to price it right or you will either watch it plunge
>> after the IPO (and usually you remain a large holder of the stock) or
>> take off like a rocket, and you can't sell yours and grab a quick
>> profit. So best to get it underwritten by a smart and savvy group of
>> firms, let the one with the best customer base and sales force take
>> the lead position.
>>
>> In the stages leading to the IPO, before the red herring is sent out
>> to prospective investors, you will watch the market closely paying
>> particular attention to the PE and the PEG, projections for indexes
>> and for companies in your business.
>>
>> You may be approached by an ICE, who may want to buy your company in a
>> private deal, or you may find advantage with a private placement.
>>
>> So all these UWS folk are talking this talk, but do they know what the
>> heck they are talking about?
>>
>> Greed and Financial Illiteracy are Inherent Vices?
>>
>>
>> http://blog.yardeni.com/2011/10/s-500-blue-angels.html
>> -
>> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
-
Pynchon-l / http://www.waste.org/mail/?list=pynchon-l