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Wednesday, November 11, 2009

Re: [Technical-Investor] The Greatest Trade Ever...John Paulson

 


for sake of convenience member m uploading the same.

n joy





On Wed, Nov 11, 2009 at 8:19 PM, rk <rk1235_mb@hotmail.com> wrote:
 

Even after creation of userID, this link not working..........
 
Can you suggest, how to reach the desired download location?
 
rk
----- Original Message -----
From: Umesh Anand
Sent: Wednesday, November 11, 2009 6:11 PM
Subject: Re: [Technical-Investor] The Greatest Trade Ever...John Paulson

Hi ST,

Just check following link to download if it is working.

http://www.scribd.com/suggested_users?from=download&next_url=http%3A%2F%2Fwww.scribd.com%2Fdocument_downloads%2F22169203%3Fextension%3Dpdf%26skip_interstitial%3Dtrue

If its not working then simply go to scribd.com, create username and download the required.

Regd,
Umesh




On Wed, Nov 11, 2009 at 5:55 PM, Sniper Trader <snipertrader@gmail.com> wrote:
 

good find. Do you have the ebook of the same? yes i m shameless in not buying original stuff.

Robinhood is my idol


On Wed, Nov 11, 2009 at 5:49 PM, BALAJI Jayaraman <bctbalaji@gmail.com> wrote:


Dear Friends,

Take a few moments away from Charts...

I strongly suggest everyone in the group to read this book...How hedge fund manager John Paulson bet against real estate bubble and made $15 billion in a single year. John Paulson is perceived as, for lack of a better term, a financial rock star. Young traders, analysts, and fund managers alike dream of the day they can emulate him, pocket billions, exclaim "F**k you!" to the markets and then bask in the fame of those worshiping their every move. Many investors idolize him. Mainstream America now relishes his genius in predicting the crisis.

I just cannot pen down my thoughts. All I can say is, WoW, Incredible!!! I am enjoying the book thoroughly & you will too!!!  BTW, Paulson is back again this time.... His latest bet? The demise of the US Dollar. Paulson says, "It's like Wimbledon. When you win one year, you don't quit; you want to win again."


The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History by Gregory Zuckerman

Heres a snippet of the book:

In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall.  Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing.  He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it.  Colleagues at investment banks scoffed at him and investors dismissed him.  Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about.  But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line.

In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992.  Paulson made billions more in 2008 by transforming his gutsy move.  Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough.

Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.

From the Hardcover edition.






--
Technical analysis works best when emotions are running the highest like high volume breakouts, breakdowns or trending market. Rest of the times - Technical Analysis exists only to confuse.
Trading Rule: A stiff resistance once cleared becomes a strong support

Top 5 non index momentum stocks that outperform market on both sides - i. HDIL; ii. Aban; iii. JP Associates; iv. Satyam and v. Punj Lloyd

Market does the most obvious thing in the least obvious way. Right now, the issue - what is the obvious thing? I wish I knew

# Price and Volume are facts…every other technical indicator is just a distorted version of the fact.
# Technical Analysis is a rigorous observational science. There are three skills you need to succeed in this game - Sharp Eye (Clear focus); Common Sense (Clarity in Thinking) and Self Discipline (Ability to accept mistakes early).

"Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett



--
Technical analysis works best when emotions are running the highest like high volume breakouts, breakdowns or trending market. Rest of the times - Technical Analysis exists only to confuse.
Trading Rule: A stiff resistance once cleared becomes a strong support

Top 5 non index momentum stocks that outperform market on both sides - i. HDIL; ii. Aban; iii. JP Associates; iv. Satyam and v. Punj Lloyd

Market does the most obvious thing in the least obvious way. Right now, the issue - what is the obvious thing? I wish I knew

# Price and Volume are facts…every other technical indicator is just a distorted version of the fact.
# Technical Analysis is a rigorous observational science. There are three skills you need to succeed in this game - Sharp Eye (Clear focus); Common Sense (Clarity in Thinking) and Self Discipline (Ability to accept mistakes early).

"Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett

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