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sent to me by a concerned friend....

What is your drinking strategy for the 19th? What time is optimal to start? I only do beer and wine. I am thinking if I start at 8am and have 3 beers by 9am, I should have a strong enough buzz to numb the pain. The downside to starting early is that if I do pass I will not be able to get really drunk later in the evening. The more you drink the less drunk you feel over the course of the day.

Questions:

1) should I eat breakfast or drink on empty?
2) foreign or domestic beer? If I fail I might regret buying the more expensive foreign beer.

whats he been up to? 1618 group doing okay?

I've been shopping prop shops. So far, I've come across Broadreach and First New York.

I've heard Broadreach is a shark pool and First New York just sounds kind of make-pretend.

Thanks for any feedback on these or others.

With the announcement of Dow Chemical's agreement to buy Rohm and Haas, Wachovia will realize about 1.1 billion more dollars in book value. Wachovia owns 57 million shares of Rohm and Haas, which was worth 3 bil, and with a 65% rise today gained about 1 bil for wachovia. JP morgan also made pretty about 300 mil on the raise. So why has there been a huge sell off in wachovia today? Its down 7%, i'm not a trader, but an unknown inflow of 1 billion dollars overnight without a smiling Arab from Abu Dahbi seems to me to be a pretty good thing.

Found it on Ari Kiev's site.

http://www.arikiev.com/ariblog/index.php?entry=entry080703-150506

Excerpt:

Can investors create alpha by trading around positions, buying or selling to take advantage of price moves?

There’s no question that the whole point is to create alpha, and there are lots of ways to do it. And the reality is, if you have a
great idea, you may want to trade around the position a little bit. But I wouldn’t do it a lot, because ultimately, how many great
ideas does anybody really have? You’ve got to make a high-conviction bet when you feel like you have a great idea. That’s really the only way to outperform today.

Any feedback about Calyon NY? feedback about the culture, working environment, compensation, working hours, etc?

nothing new here people, but interesting that one clown didn't know what was going on. basically there is a disincentive to save when applying for financial aid. I've even heard that some people take a 25% - 35% hair-cut from their investments and convince themselves it's not lying because of cap gains taxes. from today's post:

http://www.nypost.com/seven/06292008/gossip/pagesix/harvard_can_drive_you_crazy_117625.htm

June 29, 2008 --

STUDENTS at Harvard Business School pull a cunning trick that allows them to drive luxury cars and get financial aid, an upcoming book claims. In "Ahead of the Curve," journalist Philip Delves Broughton, recounting his two years at the Ivy League university, tells how he was stunned to find so many students tooling around in BMWs, Porsches, Lexuses, Mini Coopers and Lincoln Navigators, while he drove a $2,000 used Toyota. One knowledgeable student told him: "Once you get accepted into HBS, you want to clear out your bank account so that you can get more financial aid. When you list your assets in the financial-aid application, you don't have to mention your car . . . You buy a car for $20,000, maybe you get an extra $20,000 in financial aid, so basically HBS buys you a BMW. If you hadn't bought the car, you'd have to pay $20,000 out of your savings." Broughton notes he was jolted by "the idea of these 25-year-old Wall Street jerks fiddling with their financial aid forms, with the connivance of their parents and the local BMW dealerships." The school's rep didn't get back to us.