Thu March 20th I could not resist calling Radio24 to reply Italian Minister (of economic development) on his statement about Alitalia.
He said Airfrance is not paying just 140 mln for our bankrupt company, because there is a debt exceeding 1.5 bln.
Well, they are paying 140 mln, while they are evaluating the total potential of Alitalia 1.6 bln.
The radio conducer pointed out 1 bln of Capex, necessary to give life to Alitalia.
I think that one thing is the Business plan, one thing is the due diligence and purchasing deal. Politics confuse the two, just to make claims and for propaganda.
OK I am so boring that the conducer dumped me after two secs ! I hoped none had listened my intervent, but I have been unlucky.
Even an IESE student recognised my voice on radio and made fun of me as soon as I was back on campus !
I wanna tell you 'bout Texas Radio and the Big Beat
Comes out of the Virginia swamps
Cool and slow with plenty of precision
With a back beat narrow and hard to master
Wednesday, March 26, 2008
Friday, March 14, 2008
Friday night McDonald
Rejected by Petit Bangkok, dinner at McDonald in Gran de Gracia.
Royal with Cheese and Bacon, no french fries as always.
Royal with Cheese and Bacon, no french fries as always.
Who Traded 55,000 Bear $30 Puts Tuesday?
This past Tuesday, when Bear Stearns was trading around $65 a share, there was huge put volume in the March $30 strike.
Over 55,000 contracts traded that day at an average price of 15 cents a contract. This is an extremely unusual trade in terms of the number of contracts and how far out-of-the money those options were at the time; these options expire on March 20, so that left only 10 days for some event to occur that would cause these puts to go into the money and have some value.
So it appears that as rumors began swirling early in the week that Bear was having liquidity problems and might possibly be bordering on insolvent, someone took that to heart and bought the puts as disaster insurance. And today came news that several banks, including Goldman Sachs, would no longer act as a counterparty to any transactions with Bear. The inability to execute trades would essentially put Bear Stearns out of business.
Hence, we have today's selloff in which shares of Bear are down some $25, or 44% to around $30 a share. Those disaster put options are trading around $5.50 a contract.
Other banks and brokerage firms are seeing put volume today and several names such as Merrill Lynch saw above average activity last week. Merrill saw 13,000 and 16,000 of the March $45 puts traded last Thursday and Friday, respectively. That volume was over 13 times the 30-day daily average. At the time the stock was trading around $46 and the puts were valued at about $1.50 a contract. Today Merrill is down to $44 and the puts are worth $2.60 a contract.
Over 55,000 contracts traded that day at an average price of 15 cents a contract. This is an extremely unusual trade in terms of the number of contracts and how far out-of-the money those options were at the time; these options expire on March 20, so that left only 10 days for some event to occur that would cause these puts to go into the money and have some value.
So it appears that as rumors began swirling early in the week that Bear was having liquidity problems and might possibly be bordering on insolvent, someone took that to heart and bought the puts as disaster insurance. And today came news that several banks, including Goldman Sachs, would no longer act as a counterparty to any transactions with Bear. The inability to execute trades would essentially put Bear Stearns out of business.
Hence, we have today's selloff in which shares of Bear are down some $25, or 44% to around $30 a share. Those disaster put options are trading around $5.50 a contract.
Other banks and brokerage firms are seeing put volume today and several names such as Merrill Lynch saw above average activity last week. Merrill saw 13,000 and 16,000 of the March $45 puts traded last Thursday and Friday, respectively. That volume was over 13 times the 30-day daily average. At the time the stock was trading around $46 and the puts were valued at about $1.50 a contract. Today Merrill is down to $44 and the puts are worth $2.60 a contract.
Dancefloor
Just watching girls swimming on the dancefloor. All smiling, in the pool. But when the music's acid their movements become nevrotic, sharks around them.
So their faces more intense, and dumb
So their faces more intense, and dumb
Monday, March 10, 2008
Today just a suggestion:
Back home, lay on your bed and listen 'Riders on the storm'
(The Doors).
If you can have a Canadian Club on the rocks,
great !
(The Doors).
If you can have a Canadian Club on the rocks,
great !
Friday, March 7, 2008
Drunk women smoking in a bar
middle age heavy laughts,
red lips easy tears
pathetic and noisy gummy necks
(this first part has the same rithm of L.A. woman:
Cops in car the topless bar
never seen a woman so aloooone
so alooooooone)
watching decadence on my own
colored pictures from the 80's becoming pale
my childish smiles turns bitter
melanchony in my eyes, nonexistent, immaginary
deep blue my first shiny coat, bitter
red lips easy tears
pathetic and noisy gummy necks
(this first part has the same rithm of L.A. woman:
Cops in car the topless bar
never seen a woman so aloooone
so alooooooone)
watching decadence on my own
colored pictures from the 80's becoming pale
my childish smiles turns bitter
melanchony in my eyes, nonexistent, immaginary
deep blue my first shiny coat, bitter
Killing a hawk ...tadada tadadadan !
Pro golfer Tripp Isenhour apologized for killing a hawk that was making noise while he tried to film a TV show. Now the Humane Society wants the PGA Tour to take action.
"As soon as this happened, I was mortified and extremely upset and continue to be upset," Isenhour said in a statement issued through his management company, SFX Golf. "I want to let everyone know there was neither any malice nor deliberate intent whatsoever to hit or harm the hawk. I was trying to simply scare it into flying away."
Isenhour allegedly said, "I'll get him now," and aimed for the hawk.
"About the sixth ball came very near the bird's head, and (Isenhour) was very excited that it was so close," Baine wrote.
Isenhour said he is an animal lover and his family has adopted three cats from a local shelter.
"As soon as this happened, I was mortified and extremely upset and continue to be upset," Isenhour said in a statement issued through his management company, SFX Golf. "I want to let everyone know there was neither any malice nor deliberate intent whatsoever to hit or harm the hawk. I was trying to simply scare it into flying away."
Isenhour allegedly said, "I'll get him now," and aimed for the hawk.
"About the sixth ball came very near the bird's head, and (Isenhour) was very excited that it was so close," Baine wrote.
Isenhour said he is an animal lover and his family has adopted three cats from a local shelter.
10.15, Saturday night ...
waiting for the telephone to ring,
and i'm wondering where she's been
and i'm crying for yesterday
and the tap drips
drip drip drip driiiiiiiiiiiiiiips....
I immagine myself in late '70 laying in my infant bed listening The Cure's music from a distant room where my parents were consuming their youth. Wooden cupboard full of ghost toys. Azure walls, cloudy.
Ten years later I am a young man who hates his piano. Granpa just passed away, armchair wet of my daddy's tears. Time to relocate, same old toys and memories packed to move in a new house.
Twenty years later I am tumbling. The Cure music is playing again, ironically, as the funeral march of my youth. Indian stones cover my ears. Polluted.
Thirty years later I am here playing a little game. Through all those small sufferences I preserved. Through all my thoughts, my words, my feelings and my anger. My anxiety and my gentleness. My emptiness and my joy.
All together now, Friday afternoon, waiting for the telephone to ring....
and i'm wondering where she's been
and i'm crying for yesterday
and the tap drips
drip drip drip driiiiiiiiiiiiiiips....
I immagine myself in late '70 laying in my infant bed listening The Cure's music from a distant room where my parents were consuming their youth. Wooden cupboard full of ghost toys. Azure walls, cloudy.
Ten years later I am a young man who hates his piano. Granpa just passed away, armchair wet of my daddy's tears. Time to relocate, same old toys and memories packed to move in a new house.
Twenty years later I am tumbling. The Cure music is playing again, ironically, as the funeral march of my youth. Indian stones cover my ears. Polluted.
Thirty years later I am here playing a little game. Through all those small sufferences I preserved. Through all my thoughts, my words, my feelings and my anger. My anxiety and my gentleness. My emptiness and my joy.
All together now, Friday afternoon, waiting for the telephone to ring....
Sunday, March 2, 2008
Clarification: it's a Caprabo-Start !
Who is familiar with Spanish supermarkets can feel home in my Blog. The colored circles remind Caprabo's Private Label probuct branding.
In fact, that's the idea: this blog offers value for the money. It ain't special, similarly to supermarket's private label products, but it's honest.
In fact, that's the idea: this blog offers value for the money. It ain't special, similarly to supermarket's private label products, but it's honest.
A good start near the end of my MBA
Two months before finishing my MBA in Barcelona seems a good time to kick off my Blog experience. Memories will become shadows soon, a little bit of malinchony will be saved for good.
This Blog will be made of personal opinions which will cover all the possible areas.
Sport, Politics, Sex, Litterature, Music, People. But, to be honest, it will about me.
Giorgio Tedeschi, Male, Italian.
I can promise only one thing: I will try to be as honest as I can. Having said that I expect none reading any of my ideas, so it will be more for me, myself than to communicate, at least until I do not recieve any feedback that will make me change my mind.
In a nutshell, this blog is pure for now, until readers will corrupt it !
Shall I write in english only ? It's a good exercise for me, but a critical constrain to my already not exceptional writing capabilities. So it's English for the beginnig.
Finally I do not have anything in particular to say today, so I call it a Sunday start
This Blog will be made of personal opinions which will cover all the possible areas.
Sport, Politics, Sex, Litterature, Music, People. But, to be honest, it will about me.
Giorgio Tedeschi, Male, Italian.
I can promise only one thing: I will try to be as honest as I can. Having said that I expect none reading any of my ideas, so it will be more for me, myself than to communicate, at least until I do not recieve any feedback that will make me change my mind.
In a nutshell, this blog is pure for now, until readers will corrupt it !
Shall I write in english only ? It's a good exercise for me, but a critical constrain to my already not exceptional writing capabilities. So it's English for the beginnig.
Finally I do not have anything in particular to say today, so I call it a Sunday start
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