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It got reception some places where mine did not and is more user-friendly.
dev34
28,091
On a different topic...Greg talked me into upgrading to first class for a flight in December to Australia.
dev34
28,092
He talked me into it by agreeing to pay for half.
dev34
28,093
Cliff found it funny and agreed to pay for the other half.
dev34
28,094
I haven't expensed it yet so I'm having Barbara send it on.
dev34
28,095
Thanks, John
dev34
28,096
euro 2004 in portugal
dev34
28,097
Steve: Good hearing from you.
dev34
28,098
Hope all is going well.
dev34
28,099
I gave your name to Per Sekse in our New York office.
dev34
28,100
He deals with a couple hedge funds we currently do business with and has addressed some of the obstacles that we face with other counterparties.
dev34
28,101
He is on vacation this week but will call next week.
dev34
28,102
If you have any problems or concerns, feel free to call.
dev34
28,103
John
dev34
28,104
Andy: Sorry...I was on vacation last week and fell behind my email.
dev34
28,105
Anytime you want to talk is fine.
dev34
28,106
I'll be around today if it works for you.
dev34
28,107
john
dev34
28,108
How about 4:00 ??
dev34
28,109
Please top level the following P&L out of my book because the market settled limit down.
dev34
28,110
End of day position Amount settle was off in my estimation Total amount
dev34
28,111
Dinner tonite....birthday boy???
dev34
28,112
world cup 2006 -- Germany BOO!
dev34
28,113
Per: I've talked to him several times in the past.
dev34
28,114
I told him that you would call because of your experience with setting up funds.
dev34
28,115
They have two main problems.
dev34
28,116
One is setting up their internal systems.
dev34
28,117
Second, they have credit problems with a BBB+.
dev34
28,118
Please call and introduce yourself.
dev34
28,119
Thanks, john
dev34
28,120
Hey, Can Greg fit me in for about 30 minutes tomorrow afternoon?
dev34
28,121
--- Your secret admirer
dev34
28,122
Hello, Bill Perkins of Small Ventures USA is having a party this Saturday at the Mercantile bar downtown.
dev34
28,123
He has rented out the place, has a band, open bar...
dev34
28,124
usually pretty fun.
dev34
28,125
He asked me to give both of you an invite in appreciation of the work you've done for him.
dev34
28,126
If you have interest, ccmail me with whether you need one or two invites each.
dev34
28,127
John
dev34
28,128
I'm free from 4:00-5:00 today
dev34
28,129
I'll send 2 invites up.
dev34
28,130
What's your location?
dev34
28,131
Greg's always on vacation.
dev34
28,132
You need to teach him some work habits.
dev34
28,133
Next Tuesday will work.
dev34
28,134
John
dev34
28,135
8 pm to 2 am
dev34
28,136
I spoke to Vlady this afternoon regarding the alternative VAR methodologies.
dev34
28,137
I think changing to a Riskmetrics historical VAR system is more defendable and objective, will provide more consistent results, and will create more realistic results.
dev34
28,138
I understand Vince has a similar opinion.
dev34
28,139
John.
dev34
28,140
Per: Can you give the Campbell fund read-only access to EOL.
dev34
28,141
It may speed up the process if they see they can trade pre-market.
dev34
28,142
John
dev34
28,143
Good job....I've got 10% of my portfolio in CGP.
dev34
28,144
Keep up the good work.
dev34
28,145
Margaret: As you can imagine, most information and procedures on the floor are extremely confidential.
dev34
28,146
We look at the gas market uniquely and using different tools than anybody else.
dev34
28,147
It is one of our competitive advantages.
dev34
28,148
I'm hesistant to approve the use of any documents for external purposes.
dev34
28,149
If you provide more information about what you're trying to show, who the target audience is, and what format it will be presented, I may be able to help you.
dev34
28,150
John
dev34
28,151
Frank: Just following up on two topics.
dev34
28,152
One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact his P&L is never close to that.
dev34
28,153
Can you check that his exotics book positions are being picked up in his VAR calcs.
dev34
28,154
Second: Have you looked into applying a band-aid to the understating longer term Vol problem until we change formulas?
dev34
28,155
John
dev34
28,156
Interesting observation...but I'm not sure I agree.
dev34
28,157
I think consensus opinion is that anything under 2.7 TCF is very dangerous entering the winter.
dev34
28,158
A month ago, analysts were predicting we would end the injection season with around 2.6 - 2.7 in the ground.
dev34
28,159
With the most recent AGA, those projections seem to be closer to 2.7.
dev34
28,160
With supply of gas very inelastic to price in the short and medium term, you must look at the demand side of the equation.
dev34
28,161
The market is trying to price out the right amount of demand (mostly through lost industrial load and fuel switching) such that supplies will be stored rather than burned.
dev34
28,162
Each AGA number is another data point as to whether nat gas is high enough to price out enough demand to reach a comfortable level in storage entering the winter.
dev34
28,163
A low AGA number indicates we haven't priced out enough demand and the market must go up.
dev34
28,164
Certainly, the 97 throws a curve in the bull argument, but the number may be a function of very mild weather, a four day holiday weekend, and reporting noise rather than indicative of a structural shift in the supply/demand equilibrium.
dev34
28,165
We'll know a lot more as the next two weeks' numbers come out.
dev34
28,166
If we get two low injections, watch out.
dev34
28,167
Enron North America Corp.
dev34
28,168
Frank: Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of total p&l minus new deal p&l since June 1.
dev34
28,169
Can you review this data and compare it to the respective VAR numbers for these dates.
dev34
28,170
I think you will see the VAR numbers way overestimate his p&l volatility.
dev34
28,171
John Enron North America Corp.
dev34
28,172
Hello: A recent posting on the Enron bulletin board indicated that you are looking for academic tutors.
dev34
28,173
I may be available to help at nights in math.
dev34
28,174
Can you please respond with details about the program, how old the kids are, the commitment required, etc. Thanks, John Arnold
dev34
28,175
Frank: The $5,000,000 extra VAR disappears in about a week.
dev34
28,176
There MUST be a band-aid to the term VAR curve before this expires.
dev34
28,177
Again, the back of the board is realizing 35-60% vol and it's being credited with 15% vol.
dev34
28,178
Thanks, John
dev34
28,179
Jim: The following are the authorized floor brokers to accept trades from: Man SDI Carr the old Fimat group (don't know what their name is now) Flatt Futures Thanks, John
dev34
28,180
Jim: The list I gave you is a list of brokers that can clear through you, NOT brokers that you clear exclusively.
dev34
28,181
You do not clear any of my brokers exclusively.
dev34
28,182
All trades that clear through you will be done on discretionary trade-by trade basis.
dev34
28,183
You MUST have your floor personnel reverse everything they they told my brokers this morning.
dev34
28,184
I am not happy.
dev34
28,185
John
dev34
28,186
Is it per game or point or what?
dev34
28,187
I think you're cheating trying to get a fixed amount....
dev34
28,188
I'll give $1 per pin.
dev34
28,189
Good luck, John
dev34
28,190