Merrill or morgan stanley
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which do you think is a better firm to work four?
[quote=brotha_k]
which do you think is a better firm to work four?
[/quote]
Whichever one will hire you. Learn to capitalize the first word of sentences before you apply--and the word four is a number as in one, two, three, four.
The word fore is a warning in golf, "Fore!"
The word you are trying to use is "for"--just three little letters.
I have always felt the dumber your are the better off you are in this biz...he should do well whoever he goes with...
He can do some of those"structered products" morgan has come up with that essentially give you 1-2% of upside (if you hold for the 7 year maturity) and a ton of downside. But they pay 2% to the broker!!!
fritz,
tell me about the structured products that morgan has come up with. are they good for the cleint?
thanks
nasd newbie,
spelling is no way a consideracion of one's intellegence. stop criticizing me. i don't have to not capitalize the beginning of the sentences if i don't want to. also, it doesn't matter where i put the prepositions at.
[quote=brotha_k]nasd newbie,
spelling is no way a consideracion of one's intellegence. stop criticizing me. i don't have to not capitalize the beginning of the sentences if i don't want to. also, it doesn't matter where i put the prepositions at.[/quote]
PM Greenhills and find out where he works...that's your best shot...
[quote=fritz]
He can do some of those"structered products" morgan has come up with that essentially give you 1-2% of upside (if you hold for the 7 year maturity) and a ton of downside. But they pay 2% to the broker!!!
[/quote]
Wow, Fritz, you sour attitude has now shifted to being inaccurate about offerings......
[quote=mikebutler222][quote=fritz]
He can do some of those"structered products" morgan has come up with that essentially give you 1-2% of upside (if you hold for the 7 year maturity) and a ton of downside. But they pay 2% to the broker!!!
[/quote]
Wow, Fritz, you sour attitude has now shifted to being inaccurate about offerings......
[/quote]Mike this whole thread is a spoof. Note the spelling of the originator's name versus the original "brothak"
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[quote=joedabrkr] [quote=mikebutler222][quote=fritz]
He can do some of those"structered products" morgan has come up with that essentially give you 1-2% of upside (if you hold for the 7 year maturity) and a ton of downside. But they pay 2% to the broker!!!
[/quote]
Wow, Fritz, you sour attitude has now shifted to being inaccurate about offerings......
[/quote]
Mike this whole thread is a spoof. Note the spelling of the originator's name versus the original "brothak"
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if(SymReal != null)
SymReal();
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SymRealOnLoad = window.onload;
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Er, uh, I got the spoof thing, but I didn't realize that Fritz's post was part of it. 'Cuse me while I go clean off this egg
Here are some symbols for your mike...MBJ, DRU...I can give you about 20 others if you like...all of these paid 2-3% to the broker and have had index which have gone higher which they are linked to. However they are all down...all came at 10, which you can easily verify. How about the equity-linked products? you know the ones im talking about..the ones linked to YHOO at 105..Or QCOM at 80, or how about the Netscape one, or the one on PALM. Those were real well thought out deals.
Why have they seemed to drop after the penalty bid was lifted? coincidence?
Just a couple of things, Fritz, in no particular order, I'll give you details when I have access to them.
I've yet to see anything, anything that fit this description, which is what I objected to; "...essentially give you 1-2% of upside (if you hold for the 7 year maturity) and a ton of downside. But they pay 2% to the broker".... Most every one I've seen (and granted, I haven't looked at them all) either has 100% principal return with 20% upside or has a 3 to 1 protection to the downside.
That is, you have 30% up, 10% down. Some of the ones you've mentioned above are linked to an index, don't have the full upside, have a reduced downside risk and/or pay a yield that you obviously couldn't get with the index. Also, I've yet to see any pay 3%, although it's pretty common for IPOs to go off at that price.
Personally I think most people would be better off buying the equity side of the deal as a stand alone, and that's what my clients do, but some people just have to have that principal return assured OR they have to have a current yield versus pure capital appreciation. Some of the ones based on a buy/write strategy are a good deal if you don’t have the funds to do it yourself on a sizable basis.
They trade very, very thinly and clients should be informed. They're bonds, after all. That's the reason you see the price decline, not because of some sort of conspiracy, and they won't follow the index 100% up (if that's where the index has gone) because you don't get 100% of the upside when you hold them.
I'm not saying these are good deals for everyone, but you can't say that about IPOs and you've said you do many of those (which I wouldn‘t do). All I'm asking is that you don't grossly distort the facts about them.