(although you're not going to make millions on mean reversion now are you?!) - so sorry if I offended. Its just the fact that you and the bluething seem so adamant that the lack of 200mm is down to a recession that I figured any experienced fixed income guy would acknowledge my very (common) sensible point that the recession is actually probably not the cause - whether you felt that the BO had over or under achieved.
You certainly can make a few million on mean-reversion as long as you're highly-levereaged up and you can repo longs/borrow shorts at reasonably tight bid-offer spread, especially when LTCM-forced unwinds/liquidations took certain stuff out 7, 8 or 9 standard deviations. My book was more than 50 times leveraged for the notional capital I was allocated.
And, yes, I found your earlier post to be
quite offensive and immature. As a retort, I was going to make the type of comment that got me banned from CBn back in 2002 and then again in 2004...but I chose to play it straight and not ridicule you the way you tried ridiculing me because i've actually matured since then and don't want to get banned again.
What is also offensive is your continued insistence that
i'm being "adamant" about Q0S not taking $200 Mil
because of the recession. Where did I write that? Not only are you attributing comments to me, but then you turn around and say an experienced market professional with sense wouldn't make those comments and instead would agree with you!
Pathetic!
I was insistant in earlier pages that I thought Q0S
might make it to $180 Mil level and that $175 - $180 would be a very good level of performance for a second outing by a newer Bond, especially
if movie ticket prices were also experiencing deflation like other consumer-oriented goods and services (other than Rolls Royces and Ferraris).
That's what I
have been saying.
...And then there's the pirated dvd thing. I know one New York fixed income sales guy who I talk to every day (and who is married to a doctor) who has seen Q0S only on a pirated dvd. These people aren't on the bread line by any means but they still didn't contribute to the box office! It's had/having
some effect, imo.