Archive for July, 2012

• Pokerstars Settles With U.S. DOJ, Acquires Assets of Full Tilt Poker. Quid Pro Quo, Dr. Lecter
  Posted by kid dynamite on July 31st, 2012 at 5:53 pm, Comments: 0

  Ponder this online poker related news: “PokerStars today announced that the Company has reached a settlement with the U.S. Department of Justice (DOJ) Southern District [...]

• Positive Expected Value Lottery Math Porn
  Posted by kid dynamite on July 31st, 2012 at 12:55 pm, Comments: 0

  Remember this post I wrote last year about Massachusetts Lottery Arbitrage?  Well, the Inspector General’s Report on the subject is out, serving as an in-depth [...]

• In Defense of Amazon.com – Not That They Need Defending. Shrinking the NOW-Gap
  Posted by kid dynamite on July 27th, 2012 at 4:23 pm, Comments: 0

  I don’t know how I can go about “defending” a stock that I don’t even own – I have no position in $AMZN, and never [...]

• More On Luck and Gaming Company Earnings
  Posted by kid dynamite on July 26th, 2012 at 10:38 am, Comments: 0

  I’ve written a few posts in the past about the role of luck in the quarterly earnings variation for both WYNN and LVS (no positions [...]

• Something You Probably Didn’t Know About Las Vegas Sands
  Posted by kid dynamite on July 26th, 2012 at 8:37 am, Comments: 0

  Everyone who follows the casinos knows that Las Vegas Sands ($LVS – no positions) isn’t about Las Vegas anymore: it’s about Macao, and now Singapore.  [...]

• Stocks Take The Stairs Up, And The Elevator Down
  Posted by kid dynamite on July 24th, 2012 at 5:03 pm, Comments: 0

  The title of this post is an old market axiom: “Stocks take the stairs up and the elevator down.”   I wanted to hit you with [...]

• Homebrew Batch #17 – TBD Fruit Beer (Blueberry? Raspberry?)
  Posted by kid dynamite on July 24th, 2012 at 8:23 am, Comments: 0

  Today, after brewing The Cuke base, I brewed the base for a fruit beer which I will decide the details of next week.  It will [...]

• The Cuke – Homebrew Batch #16 – That’s Right: Cucumber Beer
  Posted by kid dynamite on July 23rd, 2012 at 5:18 pm, Comments: 0

  I just brewed  a 5 gallon batch of what will become cucumber beer.   It’s inspired by this thread at Homebrewtalk.com, along with this one.  I [...]

• The Beer Diaries Chapter 10: Horseradish Experiment
  Posted by kid dynamite on July 23rd, 2012 at 3:44 pm, Comments: 0

  Back in the beginning of the spring I had delusions of grandeur – I figured I would become the first to brew a tremendously tremendous [...]

• The Beer Diaries Chapter 9: Smoked Cherry
  Posted by kid dynamite on July 23rd, 2012 at 3:37 pm, Comments: 0

  Smoked Cherry was yet another of the BrooklynBrewShop creations which I brewed.  They noted that this one really starts to come together after 6 months [...]

• WYNN Q2 2012 Conference Call Tidbits
  Posted by kid dynamite on July 22nd, 2012 at 9:23 am, Comments: 0

  Here are what I found to be the most interest parts of $WYNN’s quarterly conference call; an hour or so of straight talk and clear [...]

• No One Told Me They Had Tornadoes in New Hampshire
  Posted by kid dynamite on July 19th, 2012 at 11:57 am, Comments: 0

  Tuesday night my neighborhood got absolutely CRUSHED by a tornado/microburst/wind shear.  Forgive me, as I have not yet been able to read the official reports, [...]

• WYNN Gets Unlucky In The Quarter
  Posted by kid dynamite on July 17th, 2012 at 5:53 pm, Comments: 0

  I wrote a post back in April trying to quantify the affect that luck has on the quarterly earnings numbers of the casino operators – [...]

• Trading Rule #7 – Via Pulp Fiction’s Marcellus Wallace
  Posted by kid dynamite on July 17th, 2012 at 9:08 am, Comments: 0

  (note: NSFW language contained within this post, and within the embedded video) I was watching the all time great movie Pulp Fiction last week, and [...]

• Cross A Greater Fool Trade With A Ponzi Scheme And You Get…
  Posted by kid dynamite on July 15th, 2012 at 7:48 pm, Comments: 0

  You can feel the exasperation in Jason Zweig’s post from a few days ago, titled “High Rates?  Are You Delirious?” (emphasis mine) “Have today’s insanely [...]

• Eric Sprott Must Think Silver is Going Lower!
  Posted by kid dynamite on July 12th, 2012 at 8:55 pm, Comments: 0

  You’re probably confused by the post title, right?  After all, Sprott’s Physical Silver Trust ($PSLV – no positions) just announced a $ 200MM secondary offering.  [...]

• Sprott Physical Silver Trust Announces Follow On Offering
  Posted by kid dynamite on July 11th, 2012 at 11:04 pm, Comments: 0

  $PSLV has announced another follow on offering.  I’m told that the size is $ 200MM. What this means for PSLV shareholders is that they should [...]

• If I Told You I was Thinking About Buying Prescription Drugs Online From Another Country, Would You Think I Was Crazy?
  Posted by kid dynamite on July 11th, 2012 at 2:33 pm, Comments: 0

  I’m just throwing this one out there for my readers: Have you ever bought prescription drugs online from another country?   Most online pharmacies are from [...]

• A Challenge To My Readers, And To All Mortgage Borrowers – New Mortgage Disclosure Rules
  Posted by kid dynamite on July 9th, 2012 at 5:06 pm, Comments: 0

  This NYT Dealbook article reminded me of something I’ve been asking for for the past 4 years.  Specifically, this quote: ““When making what is likely [...]

• NYSE CEO Duncan Niederauer Says Dark Pools Disadvantage The Retail Investor, Then Launches Own Dark Pool
  Posted by kid dynamite on July 7th, 2012 at 1:51 pm, Comments: 0

  This actually isn’t a post about dark pools. I’ve already written more than one post about dark pools – several years ago in fact, and [...]