on 3/13/08, 10:48 am EDT, in Subject: Come on Boys,
"Bill Reid" <hormelf...@[EMAIL PROTECTED]
> wrote:
Doobie Keebler <kooper.db@[EMAIL PROTECTED]
> wrote in message
news:03d07261-5118-43a7-891b-0b952eb069d3@[EMAIL PROTECTED]
> BTW, what's a 'short cover rally' ???
....
But despite the fact I'm pretty sure I'm being "played" here...
....
---end of archived post excerpt
It turned out I was right again, as if there was ever any doubt!
We been trolled again, and who woulda thunk it! The hundreds
of political cut'n'paste rantz shoulda been tipoff, not even noticing
the postings were from Google(TM) Groups!
Doobie Keebler <kooper.db@[EMAIL PROTECTED]
> wrote in message
news:82dadfe3-abd6-429b-80f0-5f69c2b99238@[EMAIL PROTECTED]
> On Mar 13, 9:10 am, "Bill Reid" <hormelf...@[EMAIL PROTECTED]
> wrote:
>
> > Uh, actually there is a designated "market maker" for these ETFs
>
> Thank you, Captain Obvious.
>
> I mean, really... no ****.. a 'market maker' you say? Golly!
No, I said "DESIGNATED 'market maker'", when I really was talking
about the so-called "authorized participants" (many of which actually
ARE "market makers") that are "authorized" by the ETF to conduct
the arbitrage of the ETF share price and NAV, as well as buy and
sell the "creation units" that compose the ETF holdings as the
markets and the demand for the ETFs fluctuate...
> And here I thought these ETF's were floated by Flying Monkeys.
No, they're not recruiting the trolls from this group, sorry, leaving
them free to post brainlessly all day long while the rest of us build
the mental institutions to house their scab-infested bodies or pay
taxes for same...
>
http://seekingalpha.com/article/31195-leveraged-etfs-a-value-destruction-tra
p
Oh mercy me...will everybody here who ISN'T a worthless idiotic troll
please leave the group immediately...
....oh wait, that happened YEARS ago...
In any event, the OP really shoulda realized that Usenet IQ slipped
into the low single digits several years ago (and if he didn't know that
before, "BuffyTheProfitHater"'s idiotic response to his question should
have confirmed it), but he should also realize that today he can get
some reasonable explanation of at least the mechanics of ETFs
by typing some buzzy keywords into a Google(TM) search bar
(such as "ETF creation units NAV arbitrage"), and that might not
answer his question directly but HAS to be better than being
exposed to toxic retarded idiocy here...
---
William Ernest Reid
Post count: 965
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