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Bangladesh security tightened following Pilkhana massacre and Bashundhara City fire

Category : Uncategorized

Friday, March 20, 2009

Following the Pilkhana massacre which occurred February 25 and 26 leaving 74 dead and the inferno at the Bashundhara City shopping mall complex March 13 leaving seven dead, Prime Minister Sheikh Hasina said security measures are being tightened countrywide across Bangladesh.

Fire drills will be enacted at all key-point installations (KPI). Fire fighting systems will be examined by the fire brigade and the public works department (PWD) to ensure functionality. Security measures will be enhanced supplementing areas under private security such as at the Bashundhara City Complex.

The Fire Service and Civil Defence Department requires modernization and needs new equipment to fight fires past the sixth floor of buildings. The Fire Brigade says it needs turntable ladders, snorkels, foam-tenders, lighting units, emergency tenders, fireproof uniforms, and rescue ropes for fire fighting and rescue operations. Transportation to fires is also an issue due to narrow roads, low electrical wires and congestion.

The Bangladesh National Building Code requires fire fighting equipment installed in buildings over seven floors. This code is to be monitored by authorities to ensure compliance with the new guidelines and to make sure buildings are being maintained.

The Bashundhara City Complex opened Monday for shoppers two days after Friday’s blaze. A probe is underway to determine the cause of the fire and to assess structural damage.

Loss of life was minimized as the blaze broke out on a Friday, the beginning of the weekend in Bangladesh, so offices in the upper floors were empty. The lower eight floors are used for shopping and the upper floors are all Bashundhara Group offices.

The mall is valued at Tk 7.0 billion (US$100 million). It is not known if the complex is covered by fire insurance.

It is estimated that it will take over two years to rebuild the area damaged by flames which were burned down to a skeleton. Bashundhara City’s technical advisor, Latifur Rahman, estimated damages at Tk 2.0 billion (US$29m).

Only one television cameraman has been allowed in to film the burnt area. None of the 2,500 shops, cinemas or cafes were burnt by the inferno. The seventh and eighth floors still experience smoke damage, and there was water damage to merchandise.

A three member committee is currently investigating the cause of the fire which will consist of Iqbal Khan Chowdhury, joint secretary of the ministry, representatives of the police, IGP Noor Muhammad, and fire brigade, Director General Abu Nayeem Md Shahidullah. The committee is required to report within the week with their findings. The forensics department is also sifting through the burnt remains.

The Dhaka Chamber of Commerce and Industries has also formed a committee which has begun interviewing witnesses and recording their testimony alongside the government committee.

It has been discovered that 150 closed circuit cameras were not being used when the fire started. Another mystery is why the mall fire fighting system has been found unused.

Why the fire burnt so fiercely is a matter to think….These matters seem to be mysterious

“In the shopping mall there is an ultra-technology elevator which runs even without electricity but we have found that locked,” Iqbal Khan Chowdhury, joint secretary (Police) of the home ministry, said. “Why the fire burnt so fiercely is a matter to think. We have to see if there was any incendiary substance there. These matters seem to be mysterious.”

Mall management has been asked to submit substances and items which would have been in the upper floors when the fire started. The fire erupted on the 17th floor and spread quickly to the two floors above and engulfed the three floors below. The aerial ladders belonging to the Fire Service and Civil Defence reached as high as the 13th floor of the 21-storey building.

Videos have been sent to the United States (US) for examination to assist in determining the cause of the fire and to help in the damage assessment. Experts from the US are expected to arrive soon.

Firefighters were brought to the rooftop of the 20-storey tower by helicopter. The only fatality in this operation was Baki Billa, a firefighter of Bashundhara City firefighting department, who fell when climbing down a rope from a helicopter to the roof of the building. Three other firefighters made the transition safely. At this same time, the chief security officer was safely rescued by the Bangladesh Air Force helicopter, a Bell 212. Six security officers of the complex also lost their lives.


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Your Personalized Hawaiani Luxury Vacation Rentals Kapalua

Category : Audio Visual System

byAlma Abell

If you are going to travel, you should do it in style, but sometimes, budget can get in the way. Vacation rentals offer unmatched quality as compared to a hotel. A lot of people don’t think they can afford a vacation rental, but the value that renting a home offers can actually end up saving you money in the long run. You will also get the feel of a private, personalized vacation instead of a commercialized hotel. Using Luxury Vacation Rentals Kapalua will make your vacation to Hawaii everything you’ve ever dreamed of.

Vacation rentals have many of the amenities offered by hotels like a private pool, spa, patio or deck, fireplace, and private beach access. They are frequently equipped with state-of-the-art home theater systems. You will find high definition televisions and DVD players throughout the home. Properties today have high speed wifi and video game consoles. They have game rooms, pool tables, arcade games, and air hockey for additional entertainment. Most vacation houses have several master suites and bedrooms, making it easy for large groups or families to enjoy comfortably. Because it’s a house, a vacation rental will be equipped with a full kitchen and dining areas. You can make your own meals and snacks in your full kitchen, and will have plenty of options as to where to enjoy your meal. This helps you save on food costs associated with high priced restaurants and the food available at local attractions. For more details about the luxury vacation rentals in Kapalua, visit the site.

Using a realty company for your rental is a good idea because they frequently offer 24-hour customer service. This helps you out in the event of emergency or if your flight arrives or departs in the middle of the night. They are available any time you need assistance. Going through an individual person for your rental leaves you looking out for yourself. Many rentals have concierge services and housekeeping for a hotel service feel without the hotel environment. A vacation rental company may also have connections with local vendors to get you the best deals for your vacation. View website for complete detailsIf you are considering a trip to Hawaii, especially with a larger group, consider Luxury Vacation Rentals Kapalua. Relaxing in your own private rental on a Hawaii beach is the perfect way to spend your vacation. You deserve a high class, personalized, and private experience for your vacation. Harris Hawaii Realty Group can make that happen for you in your own vacation rental.


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Israel Journal: Is Yossi Vardi a good father to his entrepreneurial children?

Category : Uncategorized

Thursday, December 20, 2007

Wikinews reporter David Shankbone is currently, courtesy of the Israeli government and friends, visiting Israel. This is a first-hand account of his experiences and may — as a result — not fully comply with Wikinews’ neutrality policy. Please note this is a journalism experiment for Wikinews and put constructive criticism on the collaboration page.

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Dr. Yossi Vardi is known as Israel’s ‘Father of the Entrepreneur’, and he has many children in the form of technology companies he has helped to incubate in Tel Aviv‘s booming Internet sector. At the offices of Superna, one such company, he introduced a whirlwind of presentations from his baby incubators to a group of journalists. What stuck most in my head was when Vardi said, “What is important is not the technology, but the talent.” Perhaps because he repeated this after each young Internet entrepreneur showed us his or her latest creation under Vardi’s tutelage. I had a sense of déjà vu from this mantra. A casual reader of the newspapers during the Dot.com boom will remember a glut of stories that could be called “The Rise of the Failure”; people whose technology companies had collapsed were suddenly hot commodities to start up new companies. This seemingly paradoxical thinking was talked about as new back then; but even Thomas Edison—the Father of Invention—is oft-quoted for saying, “I have not failed. I have just found ten thousand ways that won’t work.”

Vardi’s focus on encouraging his brood of talent regardless of the practicalities stuck out to me because of a recent pair of “dueling studies” The New York Times has printed. These are the sort of studies that confuse parents on how to raise their kids. The first, by Carol Dweck at Stanford University, came to the conclusion that children who are not praised for their efforts, regardless of the outcome’s success, rarely attempt more challenging and complex pursuits. According to Dweck’s study, when a child knows that they will receive praise for being right instead of for tackling difficult problems, even if they fail, they will simply elect to take on easy tasks in which they are assured of finding the solution.

Only one month earlier the Times produced another story for parents to agonize over, this time based on a study from the Brookings Institution, entitled “Are Kids Getting Too Much Praise?” Unlike Dweck’s clinical study, Brookings drew conclusions from statistical data that could be influenced by a variety of factors (since there was no clinical control). The study found American kids are far more confident that they have done well than their Korean counterparts, even when the inverse is true. The Times adds in the words of a Harvard faculty psychologist who intoned, “Self-esteem is based on real accomplishments. It’s all about letting kids shine in a realistic way.” But this is not the first time the self-esteem generation’s proponents have been criticized.

Vardi clearly would find himself encouraged by Dweck’s study, though, based upon how often he seemed to ask us to keep our eyes on the people more than the products. That’s not to say he has not found his latest ICQ, though only time—and consumers—will tell.

For a Web 2.User like myself, I was most fascinated by Fixya, a site that, like Wikipedia, exists on the free work of people with knowledge. Fixya is a tech support site where people who are having problems with equipment ask a question and it is answered by registered “experts.” These experts are the equivalent of Wikipedia’s editors: they are self-ordained purveyors of solutions. But instead of solving a mystery of knowledge a reader has in their head, these experts solve a problem related to something you have bought and do not understand. From baby cribs to cellular phones, over 500,000 products are “supported” on Fixya’s website. The Fixya business model relies upon the good will of its experts to want to help other people through the ever-expanding world of consumer appliances. But it is different from Wikipedia in two important ways. First, Fixya is for-profit. The altruistic exchange of information is somewhat dampened by the knowledge that somebody, somewhere, is profiting from whatever you give. Second, with Wikipedia it is very easy for a person to type in a few sentences about a subject on an article about the Toshiba Satellite laptop, but to answer technical problems a person is experiencing seems like a different realm. But is it? “It’s a beautiful thing. People really want to help other people,” said the presenter, who marveled at the community that has already developed on Fixya. “Another difference from Wikipedia is that we have a premium content version of the site.” Their premium site is where they envision making their money. Customers with a problem will assign a dollar amount based upon how badly they need an answer to a question, and the expert-editors of Fixya will share in the payment for the resolved issue. Like Wikipedia, reputation is paramount to Fixya’s experts. Whereas Wikipedia editors are judged by how they are perceived in the Wiki community, the amount of barnstars they receive and by the value of their contributions, Fixya’s customers rate its experts based upon the usefulness of their advice. The site is currently working on offering extended warranties with some manufacturers, although it was not clear how that would work on a site that functioned on the work of any expert.

Another collaborative effort product presented to us was YouFig, which is software designed to allow a group of people to collaborate on work product. This is not a new idea, although may web-based products have generally fallen flat. The idea is that people who are working on a multi-media project can combine efforts to create a final product. They envision their initial market to be academia, but one could see the product stretching to fields such as law, where large litigation projects with high-level of collaboration on both document creation and media presentation; in business, where software aimed at product development has generally not lived up to its promises; and in the science and engineering fields, where multi-media collaboration is quickly becoming not only the norm, but a necessity.

For the popular consumer market, Superna, whose offices hosted our meeting, demonstrated their cost-saving vision for the Smart Home (SH). Current SH systems require a large, expensive server in order to coordinate all the electronic appliances in today’s air-conditioned, lit and entertainment-saturated house. Such coordinating servers can cost upwards of US$5,000, whereas Superna’s software can turn a US$1,000 hand-held tablet PC into household remote control.

There were a few start-ups where Vardi’s fatherly mentoring seemed more at play than long-term practical business modeling. In the hot market of WiFi products, WeFi is software that will allow groups of users, such as friends, share knowledge about the location of free Internet WiFi access, and also provide codes and keys for certain hot spots, with access provided only to the trusted users within a group. The mock-up that was shown to us had a Google Maps-esque city block that had green points to the known hot spots that are available either for free (such as those owned by good Samaritans who do not secure their WiFi access) or for pay, with access information provided for that location. I saw two long-term problems: first, WiMAX, which is able to provide Internet access to people for miles within its range. There is already discussion all over the Internet as to whether this technology will eventually make WiFi obsolete, negating the need to find “hot spots” for a group of friends. Taiwan is already testing an island-wide WiMAX project. The second problem is if good Samaritans are more easily located, instead of just happened-upon, how many will keep their WiFi access free? It has already become more difficult to find people willing to contribute to free Internet. Even in Tel Aviv, and elsewhere, I have come across several secure wireless users who named their network “Fuck Off” in an in-your-face message to freeloaders.

Another child of Vardi’s that the Brookings Institution might say was over-praised for self-esteem but lacking real accomplishment is AtlasCT, although reportedly Nokia offered to pay US$8.1 million for the software, which they turned down. It is again a map-based software that allows user-generated photographs to be uploaded to personalized street maps that they can share with friends, students, colleagues or whomever else wants to view a person’s slideshow from their vacation to Paris (“Dude, go to the icon over Boulevard Montmartre and you’ll see this girl I thought was hot outside the Hard Rock Cafe!”) Aside from the idea that many people probably have little interest in looking at the photo journey of someone they know (“You can see how I traced the steps of Jesus in the Galilee“), it is also easy to imagine Google coming out with its own freeware that would instantly trump this program. Although one can see an e-classroom in architecture employing such software to allow students to take a walking tour through Rome, its desirability may be limited.

Whether Vardi is a smart parent for his encouragement, or in fact propping up laggards, is something only time will tell him as he attempts to bring these products of his children to market. The look of awe that came across each company’s representative whenever he entered the room provided the answer to the question of Who’s your daddy?


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‘Astonishing’ figures show 800 Scottish NHS staff earning over £140,000

Category : Uncategorized

Sunday, November 28, 2010

In tough financial times we need to make sure that our focus is on patient care and every penny is spent in the most efficient way.

Over 800 National Health Service staff in Scotland are earning more than £140,000 each year—more than First Minister Alex Salmond. New figures also reveal that 3,000 NHS workers are earning over £100,000. One NHS board alone, NHS Greater Glasgow and Clyde, employs 893 staff earning more than £100,000, and 181 being paid over £140,000.

Jackie Baillie, health spokeswoman for the Labour Party, which uncovered the figures, said they were “astonishing”, and urged health boards to examine if savings can be made by reducing salaries of top earners. “This is a far better option than cutting frontline staff like nurses and midwives. In tough financial times we need to make sure that our focus is on patient care and every penny is spent in the most efficient way.” She further said: “In the current economic climate, it is impossible to justify huge salaries for consultants and senior executives when health boards are planning 4000 job losses this year, including 1500 nurses and midwives.”

Britain’s largest health service industrial union, Unison, questioned the amount of money the NHS was paying. A spokesperson said: “Unison doesn’t begrudge anybody the rate of pay for the job but obviously our membership will be concerned that while they are to face a pay freeze and people delivering frontline services are losing their jobs, there is a cohort of folk who appear to earn more than the most senior politician in the land.”


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Benefits Of Professional Eco Friendly Painting Services In Bellevue WA

Category : Murals

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byAlma Abell

With all of the ways to beautify a home, finding the right method can take some research on your part. One of the biggest problems a homeowner runs into when trying to enhance the appearance of their residence is finding time. Among the best ways to give your home renewed beauty is by having it painted both inside and out. The last you want to do is perform the painting on your own due to the damage you can cause. The only way to get the right paint job for your home is by finding a professional to do it for you. The following are a couple of benefits you can gain when hiring professionals for Eco-Friendly Painting Services in Bellevue WA.

The Materials to Get the Job Done

The first benefit of hiring a professional for this job is the tools they will be able to bring to the table. In order to perform an eco-friendly paint job, you will need access to a wide variety of supplies. Instead of trying to find these supplies on your own, you need to leave it to the professionals. The money you pay them for their services will be more than worth it in the end.

Done in a Hurry

The next benefit of hiring a professional to perform your painting is the speed they can get it done in. The last thing any homeowner wants is to have their repairs and home improvements drag out. By trying to handle this on your own, you will be at risk of having this happen. A professional will bring in a team of highly trained employees with them to get the job done right and in a timely manner. Make sure you speak with each of the companies in your area to get an idea of who can get it done the fastest.

When in the market for Eco-Friendly Painting Services in Bellevue WA, let the team at Greg Anderson help you out. With their experience, the team at Greg Anderson will be able to get you the best possible results. Call them or visit Gregandersonpainting.com.


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Czech parliament votes in favour of legalising firearms possession

Category : Uncategorized

Saturday, July 1, 2017

On Wednesday, the lower house of the Czech Republic’s parliament voted in favour of expanding legal firearms possession, asserting safety of the state and citizens. 139 of 168 deputies voted to amend the Czech constitution, allowing firearms possession previously banned under European Union (EU) orders.

Per the amendment, citizens can legally obtain guns, and carry them for the security of the country during militant attacks. Interior Minister Milan Chovanec said, “We do not want to disarm our citizens at a time when the security situation in Europe is getting worse” in Wednesday’s parliamentary debate. The EU reformed the gun law in December, prohibiting citizens from possessing short semi-automated arms with more than 20 rounds, and long semi-automated arms with more than ten rounds. The rule was enacted in April; the Czech Republic, Poland, and Luxembourg opposed it.

The EU’s decision to call for stricter law for firearms came after the Paris attack in November 2015, and explosions at Brussels’ airport and subway system in March 2016. Chovanec said, “Show me a single terrorist attack in Europe perpetrated using a legally-owned weapon.” The amendment waits for the approval of the senate and the president. The Czech government is to lodge a complaint against the EU’s orders in the European Court of Justice by August 17.

In recent years, unlike the Czech Republic, European countries including the United Kingdom, France and Belgium suffered militant attacks. Last year’s Global Peace Index listed the Czech Republic sixth in the safest countries.


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UK retailers MFI and Woolworths collapse

Category : Uncategorized

Friday, November 28, 2008

Two major retail chains in the United Kingdom — general retailer Woolworths Group and furniture vendor MFI Group — have entered administration. Entertainment UK — which distributes videos and DVDs to retailers and are owned by Woolworths — have also entered administration.

“The boards of Woolworths PLC and Entertainment UK Ltd have concluded that there is no longer any prospect of those businesses being able to operate as a going concern,” said a Woolworths statement.

Woolworths, who sells household goods, music and other items, owns 815 stores nationwide, and MFI owns 111. MFI CEO Gary Favell said he had “secured the future of the MFI business” in September when he led a management buyout, but cracks rapidly appeared. Favell revealed administrator Kroll were to take control of the property division and half the stores were surrendered to the administrators. He also asked landlords to grant a three-month period of no rent for the ‘new’ MFI, which only some agreed to, leaving Kroll to seek payment for the rest.

Now the entirety of MFI is in administration, with MCR as the administrator. “Closing down sales” have been announced by MCR. Analysts predict that while in the short term consumer confidence will be damaged by the collapse, in the middle term it will help the situation as excess competition and capacity are removed. MFI employs 1,500 people.

The administrators for Woolworths and Entertainment UK are consultancy firm Deloitte Touche Tohmatsu. “In the last 24 hours we have received expressions of interest from a number of parties for both the retail and wholesale businesses,” said Deloitte partner Dan Butters. “We are working hard to ensure that any sale of the business, in whole or part, will preserve jobs.” The 25,000 Woolworths employees have their positions safe until Christmas.

Shares in Woolworths have been suspended at just over a penny each. The firm also owns 2Entertain, a DVD publishing joint venture with BBC Worldwide, and book wholesalers Bertram Books. Both are currently operating as usual, although Woolworths is seeking to sell 40% of 2Entertain to the BBC.

“The important thing is in the long run that employees in this company – where the businesses and the shops are not going to stay open in the longer term – can get other jobs quickly,” Prime Minister Gordon Brown said. “That’s why we’re going to move in immediately to give advice to employees.”


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CEO of GM outlines plan for “New GM” after auto company declared bankruptcy

Category : Uncategorized

Thursday, June 4, 2009

In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”.

Speaking to the press under safe harbor provisions of U.S. law, Henderson described the events of today as a “defining moment” in the history of General Motors. Speaking to the public he said that “The GM that let you down is history,” and described a “New GM” that he expected to result from the bankruptcy process.

Henderson stated that he envisioned the bankruptcy process would take between 60 and 90 days. He stressed several times his view that the process would be one that is executed quickly, saying that not just a sense of urgency but “pure unadulterated speed” was his expectation of the process. He emphasized that “GM remains open for business” during the bankruptcy period, continuing to sell and to support its products, and that day one motions had been filed in the bankruptcy court in order to allow this.

Regarding the bankruptcy process he said, “We will do it right. And we will do it once.”

He stated that the plan for General Motors had the support of the United Auto Workers union, the Canadian Auto Workers union, the GM VEBA, and a majority of the unsecured bondholders of GM. He also mentioned that GM had already received €1.5 million in bridge financing from the German government.

In response to questions about the possibility of the United States federal government, a majority shareholder in the restructured company, dictating future product development and strategy, such as the sale of more fuel-efficient and green vehicles; he first observed that the federal government had already stated to him that it had “no real interest in running our business” and that he expected that still to be his job. Of the specific hypothetical scenario where the management of GM wants to make one type of car, because it thinks that it is the right thing for the business, and the U.S. government wants to make another type of car, he stated that “I don’t think it’s going to happen.” Expanding on that point he stated that he expected the “New GM” to focus upon “highly fuel-efficient and green technology”, and that operating both in accordance with U.S. environmental laws and in response to customer demand would naturally result in the New GM producing the types of vehicles that the U.S. government would encourage.

The “New GM” he also expected to focus on “four core brands”, and will size its dealership to match that. He stated that GM would offer a “deferred termination” package to dealers, to allow them to cease dealing in GM vehicles in a managed and gradual way.

He stated that the bankruptcy filings did not cover General Motors’ businesses in Latin America, Europe and the Middle East, and Asia and the Pacific. Of GM’s profitable ventures in China, specifically, he stated that they were “a critical part of the New GM”. In response to questions of whether the New GM would import cars from China to the U.S., he stated the formative company’s core principle that “We build where we sell” applied in both directions, with GM building in China to sell in China and building in the U.S. to sell in the U.S., stating that this shortened supply chains.

He declined to predict when the New GM would return to profitability, stating that the goal was rather to lower the break-even EBIT point for the company. He also declined to speculate upon when the U.S. government would sell its stake in the company, saying that that was a question “better addressed to the U.S. Treasury”, and merely saying that he expected it to be “years, not months” when the U.S. Treasury felt it would give “the right return for taxpayers.”


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Low Budget Option Trading Strategies

Category : Financial Planners

By Brad Levi

I am sure we would all like to make a lot of money with the best option trading ideas. In fact, there are concepts and methods that can be implemented using a small options trading account, for example, using a $,2000 account, and risking $300 – $500 on single, selective, and fair probability trades. These are the trades that would have a smaller probability of going well, than the rest we usually do, but they can often have a huge profit potential. And I mean huge beyond anything you can imagine!

We are going to discuss 2 such high profit potential concepts, and one small profit potential concept. They are all considered low budget option trading ideas, and can be implemented using ATM or OTM options.

1.Capturing company mergers and acquisitions phases

2.Capturing technical momentum breakouts

3.Ways to trade OTM options in high probability setups

Lets see them in detail, concept 1 is well known, but is it really possible to know where the next merger will occur? The fact is that most of the mergers happen during market tops and bottoms, they dont happen as often in a any other period. In fact the vast majority of companies, do that! During market tops and bottoms, so you only have to watch out just before that major market top or bottom. That is the top of a bull market and the bottom of a bear market, but there are also, other rare cases in between, where a merger may be detected.

It takes a lot of research, fundamental research and market savvy to figure out what weak balance sheet companies could merge with what strong companies. And how they see mutual benefits. If you cant do it yourself, you can still find experts who perform this fundamental analysis, follow the news closely, and could provide you with the list of the favourable candidates.

Beyond that, you should also understand yourself how this works, for example: what if company A merges with Company B? And if A is much bigger and stronger than B, then Bs stock price will skyrocket! And not only you can buy Bs stock at a low price, but if the merger is set to take place during a bear market bottom, then both the stocks of A and B will be significantly lower than their actual intrinsic value, or just way lower than their 5 year highs!

[youtube]http://www.youtube.com/watch?v=nSA0fI3sXy8[/youtube]

Actual profit potential on company mergers is enormous, sometimes you can turn $500 into $30,000 by just buying a cheap ATM or OTM Call option! It may sound like a long shot bet, but it doesnt have to be like that! You can increase the probability of winning by doing your own research at the right time, and on the most likely candidate stocks. That way you know, that you are really getting the odds on your side, even if you place a series of 10 trades, at $500 each, and 8 trades lose say 50% of their value because of the merger plans being cancelled, you can still make a fortune on the remaining two!

If we assume you lose a total of $2,000 on the trades gone bad, and this is a worst case scenario! You still get 2 mergers right, and you get in early in the options trade, what if these two trades make a 20fold gain on your $500 option trade? You get back $20,000 from these 2 accurate trades!

This technique is possible and requires a lot of market savvy in analyzing and monitoring company news and their business outlook.

Then we have technique number 2, capturing technical momentum that is about to be released. Well believe it or not, most of the time, high volume, quality stocks whose companies are about to merge, DO produce technical indications on the charts. These indications are foretelling of a huge breakout to occur, even though we cannot be so sure about the direction, with a little bit of more digging into the news and fundamentals we can gain more insight as to what the most likely scenario is.

Please be aware that option brokers are the market makers here, they will use all information available to price their option premiums. The good news is that they can only use what is out there, and as we have seen, the options pricing formula uses stock parameters that are merely a story about the past. In no way does implied volatility accurately predict stock price fluctuation, it does provide accuracy on average, and over 1000s of stocks so that option brokers adjust the premiums at a fair price. Call options sellers (From whom you will buy your Call option) will be paid a fair premium.

But this doesnt mean they cannot be completely wrong on a single stock, of course they can be wrong!

This is like car insurance companies, their insurance premiums are calculated to protect the company against the average expected loss, and sure the company will never lose money in the long term. But they cannot predict and pinpoint the driver that will make the next massive claim, neither are they clever enough to identify the number of fraudulent claims some savvy car drivers successfully make!

Statistics works collectively, but is not a crystal ball! And the option pricing formula often gets caught, completely off guard when a technical breakout occurs, that is because this formula doesnt take technical analysis into account!

In fact some people and some academics dont believe in technical analysis at all.

For the rest of us who do believe in technical analysis, we have seen it very often, proving market makers and their option premiums wrong!

Check out this simple triangle formation on the Microsoft stock (MSFT), this pattern is a very reliable breakout pattern, and the options pricing formula does not see it:

In such cases, or even other even more dramatic cases, you can buy cheap ATM options, and make a very good profit. The option market makers will offer you a cheap ATM option, or even a really cheap OTM option. In the above case of Microsoft, an OTM option could be really cheap, and have a Delta of around 10. A Delta of 10 means that the option will only make $0.10 for every $1 the stock moves higher, up until it becomes ITM. A Delta of 10 also tells you that they believe this option has a 10% probability of expiring in-the-money, and it may sound discouraging, almost like a lottery ticket. But the technical analysis picture above tells me that the stock will prevail over the option pricing formula and the low Delta! The only thing I need is enough price movement.

This is just an event of uneven probability, (event A is far more likely than event B) here we know that they have kept premiums low, even though we know volatility will breakout soon, and I also know the stock will most likely go up. I can therefore profit from this move by risking a very small amount of money!

Again, like I mentioned, these opportunities emerge here and there, everyday in the markets. The probability is there, to actually outsmart the market makers by profiting big, from a cheap option. Like I said, from an opportunity perspective, its equivalent to fooling a car insurance company and making a fraudulent claim, one that their experts cannot understand.

Bear in mind that Mergers and Technical breakouts can sometimes coincide, you may get technical confirmation of the suspected merger, even though we treat them separately!

Finally, we have the 3rd concept mentioned in this article, that is trading only OTM options, ideally selling them. This is not something new, but we need to focus on the low-budget option trading principle!

By observing implied and historical volatilities, using Anlayzetrade.com back testing tools, one can sell OTM options when these are the most expensive, and then buy them back when they become cheaper (When implied volatility is low compared to implied volatility range, and historical volatility range)

Selling options is not a low budget strategy, but there are ways and strategies that take care of this by implementing protection, (covered option writing) where the trader finds the opportunity to write options, then also finds a trade to hedge this risk just to minimise the margin requirements of the broker, and make it indeed a low budget selling strategy.

For example we have seen Calendar spreads, where you can profit from the fast time decaying option, while staying protected from moderate adverse moves. This eliminates the need of a large account size. But we can also devise trades where the objective is to profit from the underlying stocks move, while being sellers. Again popular ideas are not very profitable or smart. You still need stock-specific, technical analysis based strategies. But they do work! And Analyzetrade.com offers just the tools required to develop these strategies. The objective here is to write ITM options of high value, that will become OTM and cheap, within few days.

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Olympic highlights: August 21, 2008

Category : Uncategorized

Thursday, August 21, 2008

August 21, 2008 is the 12th major day of the 2008 Olympic games. The below article lists some of the highlights.

Contents

  • 1 Events
    • 1.1 Women’s 20km walk
    • 1.2 Star class sailing
    • 1.3 Tornado class sailing
    • 1.4 Men’s marathon 10 km swimming
    • 1.5 Women’s beach volleyball
    • 1.6 Men’s 400 meters sprint
    • 1.7 Women’s 200m sprint
    • 1.8 Men’s Triple Jump
  • 2 Medal Table
  • 3 Sources

Olga Kaniskina, who represents Russia, has set a new Olympic record in the women’s 20km walk with her time of 1 hour and 36 minutes. After the race Kaniskina said that the weather did not affect the record.

“I think my regular training is the most important factor contributing to my victory,” she said, explaining the factors that she believes led her to victory.

Britons Iain Percy and Andy Simptson won the gold medal in the star class sailing event after a successful performance in the final round, which took place today. The pair started today in silver medal position, and gained one place in the final round to win the gold medal.

Spanish Fernando Echavarri and Anton Paz won an Olympic gold medal in Sailing’s fast Tornado catamaran class. Darren Bundock and Glenn Ashby from Australia finished in second place and the Argentinean pair of Santiago Lange and Carlos Espinola won the bronze medal.

Maarten van der Weijden, a long distance swimmer from the Netherlands, beat the favorites in the men’s marathon 10 km swimming event to secure the gold medal with a time of 1:51:51.6. David Davies, who was one of the favourites to win the gold medal, was overtaken by Weijden in the final 500 metres of the race.

Davies finished 1.5 seconds behind Weijden.

Misty May-Treanor and Kerri Walsh won the Olympic gold medal for the United States in the women’s beach volleyball competition by winning every set in the final against the Chinese Tian Jia and Wang Jie.

Both sets were won 21-18.

American LaShawn Merritt won the final of the Men’s 400 meters in an event which saw all three of the medals going to the American team.

Jamaican Veronica Campbell-Brown won the gold medal in the final of the women’s 200m sprint with a time of 21.74 seconds.

Allyson Felix, the defending Olympic champion, who was representing United States, won the silver medal, with her time being approximately 0.2 seconds behind the time of the winner.

Nelson Evora won the men’s triple jump at the 2008 Beijing Summer Olympics. Evora won the gold medal with a jump of 17.67 meters beating silver medalist Phillips Idowu of Great Britain by 5 centimeters (17.62 meters). Leevan Sanders of the Bahamas won the bronze medal with a triple jump of 17.59 meters. link Nelson Evora of Portugal Wins Men’s Triple Jump Gold Medal


Medal Count update