It’s gotta close greenshoe!
Update after the close: It closed green(shoe) at $38.23 according to Bloomberg data. But not until after a few moments close to $38.00, as seen below earlier…Facebook shares at pixel time,...
The ultimate Facebook IPO linkfest: day two
Another day another batch of Facebook related material. That is not altogether surprising. We ran a series of posts (part one, part wo, part three, [...]
The ultimate Facebook IPO linkfest: part one
That may be overstating things, but we have been overwhelmed with Facebook related material. That is not altogether surprising. We ran a series of posts [...]
Falling daily trading volumes: not so mysterious?
Kid Dynamite made a good point in the comments of our post on Monday about falling daily US trading volumes: they could just be a correction to the churning frenzy that took place during the crisis,...
When less risk equals more return
It’s always gratifying when a topic you have been writing about starts getting wider coverage. I have been writing about the ‘low volatility anomaly‘ for [...]
The Sage (or not) of Abbottabad
Is it permitted to invest funds in the stock market, buying and selling shares, for the goal of supporting jihad, or investing some donation-derived funds in stock markets and...
The myth of the frictionless equity risk premium
It is hard to overstate the importance of the equity risk premium or ERP. In Abnormal Returns: Winning Strategies From the Frontlines of the Investment [...]
Google Control
This is not the usual yada yada…– Google’s chief legal officer, in a footnote to the founders’ letter sent out with Google’s latest results. The company’s...
Naive extrapolation using dusty data
In finance there is a bias towards more data. The idea being with more data we can make ever finer distinctions and more accurate forecasts. [...]
Low volatility, high interest
The idea that low volatility equities actually outperform their riskier brethren for many seems like a paradox. We thought the topic interesting enough to devote [...]
There is Always a Bear Case
Yesterday I was reading an article about one of the stocks we own. It was generally a favorable article. It drew several comments including a long-ish one laying out something of a bear case for the stock. The comment was articulate and possibly compel...
Always a few BATS AAPLs… [updated]
Alternative title: BATS in the belfry…Or: When one stale share price quote gets out and triggers a circuit-breaker in the world’s biggest stock.That’s what...
