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Te Mata

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About Te Mata

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    NZ

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  1. If Labour won a soonish election it would be the harbinger of an unspeakable financial catastrophe for Britain. As above, give them a term at least ffs.
  2. Te Mata

    Australia Faces Its Demons

    Across the ditch here in NZ prices are falling in most places, with record low sales: http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10686859
  3. Te Mata

    Australia Faces Its Demons

    For your amusement: http://www.moneymorning.com.au/20101115/aussie-house-price-crash-has-begun.html#more-4133
  4. Te Mata

    S&p Options

    WOOHOOO! You should send a thank you note to the muppets in Dubai.
  5. Te Mata

    Black Friday 27/11/09

    FWIW, the index futures are open with the SP500 down about 2%. Shares won't be in the black, that's for sure.
  6. Te Mata

    Infiltrating The Enemy

    So have had the interview and the sales manager likes me and is taking me to see the big knob for the area.But it's a bit different to the UK. You are essentially a sub-contractor with your own business name and GST(VAT) registration etc.Unlike the UK, reps here have to obtain a license... about a week or two worth of work in total . The laws are in the process of changing and later this year people will have to do a 3 month full time course. I liked the sales manager I spoke to... cool guy whom I had a lot in common with (both horse racing tragics). Different attitude altogether with regards to overpricing... "We just tell them to f$ck off if they want too much".
  7. Te Mata

    S&p Options

    If you want to profit from a vega blast you should go close to, or at the money longer dated options. That's where your maximum vega is. WOTM vega is minimal. BTW, you'll only get the vega blast if the market tanks.
  8. Te Mata

    Infiltrating The Enemy

    That wouldn't surprise me... will find out for sure soon enough. Overall however, NZ seems less affected by the GFC than UK, but that's just an impression at this stage.
  9. Te Mata

    Infiltrating The Enemy

    I haven't really gone into it that deeply here yet. I'd say the cheap end suburbs probably a little bit more affordable (in the are a I'm in anyway [Hawkes Bay]), but middle and upper seem to be on as ludicrous multiples as Blighty.
  10. Te Mata

    Infiltrating The Enemy

    I've only been here 3 weeks but it is interesting the diversion between the VIs and the folk. The national and local papers have been talking up property... it's recovering etc. But the people I've spoken to all expect values to get trashed further. People are pretty pessimistic TBH (Small sample size however).
  11. I've just pissed off from the UK and have settled in New Zealand. I've made a living trading options for several years now, but bored sh1tless as I only have to tinker my positions every once in a while. So I thought I'd start some sort of small business to meet people. But I heard an ad on the radio that the local estate agent is looking for a rep. I'm going for an interview today. I thought it would be quite amusing for a bear to be an estate agent and keep you all updated about the market over here (plus make a few $ ). Don't hate me.
  12. Te Mata

    Living Overseas -- merged threads

    My bags, literally, are packed. I'm staying with rellies and pissing off to NZ in 4 weeks time. Did my time in Oz... just, no. I love England, but I feckin hate the UK. Good luck, I hope Cameron et al sorts it out. It deserves to be a wonderful place (and still is in many respects).
  13. It doesn't matter which country, the Labour Movement (more like a bowel movement actually) always does the same. Fairness and social justice? They may talk the talk, but they never walk the walk.
  14. They have always seemed somewhat delusional. But I now think they are actually certifiable. The socialist mindset is not healthy IMO.
  15. Te Mata

    Car Crash Television

    I often think Poxman takes an unintelligent line in his interviewing, but undoubtedly good at applying the blowtorch to the cretinous pollies. Last night he was spot on. Milliband looked like the pathetic amateur he is.
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