Michael Gracie 

I’m not going to jail for trading in Novell. In fact, I’m not going to trial, there will be no indictment…hell, I’m not even going to be investigated. Several years ago I identified Novell as a buyout target. I will not go into my reasoning, but let’s just say I did so before it actually [...]

In Colorado fly fishing circles, the name Jones is oft mentioned when discussing a conspicuously maintained section of the lower Blue River. Actually one of Colorado’s gold medal waters, this section of the Blue is accessible only by raft. The optimum flow conditions for a safe float are a closely guarded secret, and you best [...]

There was a time when I lived in a place with few fly fishing opportunities. So I spent a lot more time traveling, often collecting gear in advance I wound up not using. Where I live now there is plenty to offer, and while I’m not opposed to travel I know I’ve barely scratched the [...]

The rally that wasn’t Jim Cramer called the end of days. He’s widely considered such a dope that whenever he says something peoples’ first reaction is to fade his advice. The Federal Reserve is now letting non-financial enterprises step up to the trough. I give credit where credit is due around here – Nouriel Roubini [...]

Quote via Reuters, as noted by Paul Kedrosky: The moves by NYSE and Nasdaq OMX come at a time when the exchanges are seeking to generate as much revenue as possible from market data, which now makes up for a larger share of revenue than equities trading. At Nasdaq, market data generates 20 percent of [...]

Trading Rule #1: Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position. Yep. Number two would cut losses quickly, and number three would be double up on your winners. Even casual casino gamblers can win, if they do this while understanding and following game fundamentals. UPDATE: The deal is now underway – it’s [...]

Yesterday, the Russian stock exchange was shut down by a mysterious virus. Around the same time, we find that Russians were selling the WMF exploit on the “black market” for four grand a pop. Maybe Russian investment bankers should create a publically listed security for computer exploits. Hackers would quit screwing with the trading systems, [...]

Hong Kong travel agents have created a secondary market for hotel rooms, but it lacks an electronic platform. If the progress that has been made in the last decade with trading technologies is any indication, someone will jump on this soon.

For those of you that think instant messaging attacks are no big deal, catch this… Yesterday, a new strain of W32/Kelvir worm worked its way into the Reuters news agency’s secure enterprise IM platform, forcing it offline. It could not have come at a worse time for Reuters.