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#1
09-05-2004, 04:38 AM
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I Need Help With This One
It seems like a reasonable prediction that the NBA's business will be down this year as people no longer think they are watching far and away the best in the world. So what can I short (or buy for that matter) that would reflect his? The Boston Celtics used to be a stock but aren't anymore I don't think. One idea is Nike or some other shoe company but they are not directly correlated with basketball.
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#2
09-05-2004, 09:38 AM
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Re: I Need Help With This One
I think you can squeeze alittle more juice from this turnip. You need a pair trade like long Nascar / short Basketball. I figure any money not spent in b-ball will be spent on some other time/money waster (you don't expect sports fans to start reading novels or something.)
Needless to say I have no ideas but this is a stale list of sports stocks: http://www.sportsfansofamerica.com/Services/Stocks1.htm Topps is also a possibility.
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#3
09-05-2004, 11:36 AM
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Re: I Need Help With This One
I seriously disagree with your assumption.
Losing in the olympics is embarrassing, but isn't particularly correlated to NBA league play. Teamwork takes time to develop, and fans of the sport are going to know that. Second, and really more importantly, all professional sports are driven by regional considerations. If the T-Wolves are playing well, then the NBA is going to do well in Minnesota. Given that the big money makers (advertising dollars, box seats, etc) have already been sold for the season, the only real potential impact will be television revenues and cheap seat attendance. Both of those are going to be far more influenced by the question of if it is an interesting season or not.
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#4
09-09-2004, 01:49 PM
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Re: I Need Help With This One
Ran this buy the manager of the hedge fund I work at...
His advice, stick to poker. The NBA's business is just as likely to improve. Shaq out east, return to parity, Kobe free, etc. NKE is footwear, an early cyclical, up 10% in the last three weeks. Good luck tying that to the NBA. Pair trading with Nascar, wtf?
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#5
09-09-2004, 02:35 PM
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Re: I Need Help With This One
I don't take advice from irrelevant mediocrities
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#6
09-09-2004, 04:41 PM
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Re: I Need Help With This One
[ QUOTE ]
I don't take advice from irrelevant mediocrities [/ QUOTE ] Ad hominem
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#7
09-09-2004, 04:47 PM
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Re: I Need Help With This One
Incorrect. That fallacy is constantly misunderstood.
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#8
09-09-2004, 04:55 PM
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Re: I Need Help With This One
[ QUOTE ]
Incorrect. That fallacy is constantly misunderstood. [/ QUOTE ] An ad hominem argument, also known as argumentum ad hominem (Latin, literally "argument to the man"), is a logical fallacy that involves replying to an argument or assertion by addressing the person presenting the argument or assertion rather than the argument itself. You're right, its commonly misused, but not in this instance.
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#9
09-09-2004, 05:15 PM
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Re: I Need Help With This One
[ QUOTE ]
Ran this buy the manager of the hedge fund I work at...[ QUOTE ] I don't take advice from irrelevant mediocrities [/ QUOTE ] [/ QUOTE ] Beautiful You ask for stock-related advice from anonymous people on a predominantly poker-related message board, but won't take it from an anonymous hedge fund manager?
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#10
09-09-2004, 05:30 PM
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Re: I Need Help With This One
[ QUOTE ]
[ QUOTE ] Ran this buy the manager of the hedge fund I work at...[ QUOTE ] I don't take advice from irrelevant mediocrities [/ QUOTE ] [/ QUOTE ] Beautiful You ask for stock-related advice from anonymous people on a predominantly poker-related message board, but won't take it from an anonymous hedge fund manager? [/ QUOTE ] I think it was the "stick to poker" part he didn't like, can't say I blame him. But thanks for the back up.
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