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About artto

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  • My System
    Main Listening Room:

    Dedicated purpose built acoustically tuned room approximately 550 sq.ft / 4400 cu. ft. Additional soundproofing with multiple layers of 5/8” OSB & Green Glue in progress.
    Speakers: Danley Sound Labs SH50
    Subwoofers: Epik Empire (four)
    Subwoofer Processor: Behringer DEQ2496
    Computer Source: Toshiba C855-S5350 Laptop. J River Media Center, 192Khz/24bit HDMI output
    Main Amplifier: NAD M32 + BluOS, HDMI, PH1 modules, Tidal Hi-Res MQA streaming
    Tuner: NAD C446 Digital Media Tuner toslink output
    Thorens TD126 MKII, SME III arm, Shure V15mr Type 5
    Linn LP-12, Origin Live PS & motor upgrade, Moerch UP4 arm, Decca Jubilee
    Phono Preamp: Audio Research SP6B
    SACD Player: Sony SCD-XA5400ES HDMI
    Tape Decks: Nakamici Dragon, *Tascam CC-222SL MK II, *Sony A7 DAT (*toslink)
    Headphones: AKG K270
    Other: Various vintage Crown, McIntosh MX135 & MC7205, Luxman MB3045 , Wright Sound Lab 3.5 Mono

    Home Theater:
    UHDTV: Samsung HU7200 55”
    Receiver: Onkyo TX-NR838
    Speakers: Klipsch RF-7 II mains, RC-64 II center, RC-7 rear/surround (vertical with horns turned 90d)
    Subwoofer: SVS PC-2000
    DVD/BluRay Player: Samsung

    Model Railroad Room:
    Speakers: Klipschorns (1976)
    Reciever: Harman Kardon AVR130
    CD Player: Denon D-600F

    Office: Klipsch ProMedia 2.1 desktop, LG Flatron M237WD

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  1. Great. That's all fine and good Jeff.............except, for one important detail. The security in your example (TVIX), is not an optional-able security. Please. Don't take my word for it. Look up the option chain on TVIX. Also, TVIX is a Short Term instrument. It is not intended for buy and hold or long term investment. To top things off, TVIX is an Exchange Traded Note (ETN) (not an ETF). These are notoriously some of the most poorly constructed instruments one can possibly get their hands on.This one in particular is designed to manage DAILY trading risks. It's not for buy, hold and wait for weeks or a month or more in hopes that the market (eventually) moves the way you expected. I wish J.D.M all the best with his TVIX trade. But time is not on his side.
  2. (SMILES) No, we don't. I'll privately message you tomorrow. Right now it's quitin' time for me - listen to music. Have a nice evening 😉
  3. And that's why you are not quite "getting it" - yet. I said selling (writing) the call.
  4. "... but if you are wrong, the rent you collected is definitely less than market returns, and it can be a lot less if the market rises a lot before you jump back in" That statement says a lot. It shows that what you don't know can hurt you. Little guys like us 'generally' aren't allowed to write "naked" options contracts. When you (we little guys) write a call option, we are offering someone the right to buy our stock, at the price we are asking, at any time in the future, up to a certain date. This is referred to as a "covered" call option. Options contracts are most commonly written in 100 share amounts. In other words, if you want to write a call option on Microsoft, you have to own Microsoft - 100 shares of it. If Microsoft goes down, you collect the "rent", which is the price the other person is willing to pay for buying your call option (which entitles them the right to buy your 100 shares of MSFT at a specific price before the option expiration date). You still own the stock. If MSFT goes up, you collect the rent (the price the other person paid for the right buy your MSFT stock at a specific price before the option expiration date). Either way, MSFT goes up, or down, you still collect the "rent". It can be an effective way to increase your returns. In no way does it lower them. The worse that happens is MSFT goes up more than you thought and the person who bought your MSFT option, "calls" MSFT away from you. They buy it at the higher price. If the stock pays a dividend it gets more complicated. Lets' not go there right now 🤑
  5. Well, I'm certainly not predicting a crash. In fact I don't predict anything or care for those who do. On top of that - we already had a crash. In 2008 we had a crash. And as is typical, there were rebounds, on the way down to what was to become the actual bottom. It's probably way to soon to call March 23 the bottom. OTOH, there is also an abundance of evidence that suggests the opposite - that we 'probably' did see the bottom on March 23. If you're good with that, it's fine with me. I want to see more evidence. The models, data and indicators I use are all showing mixed signals. Therefore I sit and wait until the proper conditions occur. When they occur I'll know. And I'm ready either way. Much of what I'm saying is dependent on one's time frame. To make it simple, in very general terms, I define this as - short term (1 week to 2 or 3 months), medium term ( 1 to 6 months) and long term (1 year or more). In the short term most studies I'm looking at are bearish. Medium term it gets more bullish. Longer term very bullish. So why don't I just go all in (bullish)? Because from my point of view, based on my decades of experience, and all the data I'm currently looking at, there is still a strong possibility that the stock market may have another leg down and provide a better long term entry opportunity, and at that point, also a higher probability of lower risk.
  6. In your situation I would get some used Oppo CD player that also has an ethernet input for online streaming Hi-Res and is also MQA compatible. The Oppo's play pretty much everything. After that a speaker upgrade. Many have posted plenty of good ideas - Heresy, Cornwall, maybe the RP8000 you were looking at. I wouldn't go too big in your room. Not because it won't be an improvement or won't sound good. It's just that you won't be getting what you paid for. You won't be able to get anywhere near the performance out of, say Khorns, in your room, that you should be or that they are capable of. As far as online streaming - you mentioned not using Tidal "because of it's dearth of lossless material". I'm afraid I don't understand. Tidal has a tremendous library of lossless material in all music genre, including master quality and master authenticated files. It's actually become difficult not to find something. Finding it however, can still be an issue depending on how Tidal cataloged it and what search parameters you used. It is getting better, but not yet what I'd like to see. Supposedly Roon helps overcome this, but that's another subscription.
  7. OH, and BTW, that chart that I posted - I already stated this - -------- It's from January 2019. Not the most recent stock market event.
  8. Jeff (Matthews).............. Please don't get me wrong, but I really don't understand why you think I'm bearish. I've already stated several times, that based on the data I see, from the models I use, that the resultant answer - for me is - I don't know. And I've also stated several times that I'm mostly in cash. To me, that is not bearish. YMMV. If I were bearish on stocks I would be short the equity market, and be in another asset class like bonds which typically perform better than stocks during stock market downturns. (Disclosure: I have a small short position - the DOW inverse ETF, DXD. A somewhat overweight position in AMD, looking to reduce, & very small position in LITE) Yes, "typically" after these kinds of events (crashes or major corrections) the market will have some kind of rebound, not nearly getting back to the top, and then retreat again. Sometimes it gets back down to where it was, sometimes lower, sometimes not quite as much - before resuming (hopefully) an uptrend. So, I am in fact holding both long and short positions, but mostly cash. Just like in audio - it's your ears, your money, you're the one who has to live with it. I'm comfortable with how I'm positioned because it meets my strategies, my goals and my objectives. What is good for me is not necessarily true for anyone else.
  9. For the most part the article is correct from a general rule-of-thumb perspective. Just a few things missing from the article. 😉 The size of the space your speakers are in. A 10000 cubic foot room is going to require more acoustical power output from the speakers than a 2500 cubic foot room. This in turn will require more amplifier power all other things being equal. How the room is treated, what it contains = how reflective or absorptive it is. Doubling the listening distance doesn’t necessarily decrease SPL 6dB Different speaker designs “throw” the sound differently. Line source array for instance do not decrease as rapidly with distance. Some horn designs are specifically designed as near throw or long throw and fall off faster or more slowly in projected SPL with distance. Room gain. Again, depending on the room size, contents, acoustical treatments and playback loudness level room, reflections can make it “sound louder” because reverberation time doesn’t decay as fast at higher SPL. Room gain can contribute +10dB to apparent (perceived – sounds like) louder. The type of music you listen to. Some music like classical typically have more dynamic range than say a recent loudness wars hard rock recording. Peak levels are perceived much different than sustained levels at the same SPL.
  10. Mine definitely have more red in the color. And Willand mentioned cherry darkens more over time. Mine are RF7 II and they have more reddish tone now than these pictures show. They look more like the bottom front right speaker now. A lot the color tone will depend on lighting and room colors/treatments reflecting the light.
  11. It's not that I am unsure about it. The market is telling me that all of it's participants are unsure about it. What I think doesn't matter. That's where most people go wrong. The market is telling us every moment what the collective vote is. And right now it's pretty much of an equal tug of war between the bulls and bears, especially short term. Longer term (12+months) is a different story. My concern is what happens between then and now. In other words, just because most of my studies point to excellent longer term returns doesn't mean that we can't go back down to where we were, or lower, before it begins a sustained/sustainable uptrend. So, quite frankly, "those who firmly believe the market is going South" (or North) are just that - believers. I have facts. What I posted are facts, not my opinion. And the facts tell me nothing is very clear at the moment. There have been too many short term warning signs conflicting with medium/longer term positive signs. Therefore, the only honest answer I have in the short term is I don't know. So I'm mostly in cash since just a week or so before the crash. And that position (mostly cash) reflects MY risk tolerance and MY time horizon, based on facts provided by the MARKET and my trading strategies/rules, not my beliefs.
  12. Correct. And that's why most options contracts expire - worthless. At least if you're selling the contract (ie: sell a call option) you are collecting some extra "rent".
  13. Not to be nasty, or start an argument - you are quite wrong my friend. It most certainly does matter who is buying as much as what they are buying. And how much they are buying. Personally, I couldn't care less what the price of gold is, or any other asset. What I do care about, is what is appreciating the fastest - with the least risk. And right now, many components of the MARKET are showing indecisiveness. They are not showing enough strength yet - haven't proven themselves. In the short term, most of any strength is coming from a group of traders that are notoriously wrong most of the time - especially at extremes - like they are now
  14. Price may be a reflection of demand. But it's also a reflection of supply. The two go together. The options market is telling us something. And this particular "study" has an excellent historical record. It's telling us that the small operators - the people with the least amount of money, the least amount of experience, with the least information are betting the most - record levels - in a highly leveraged fashion - that they think the rally will continue and the bottom has been put in. And they are also buying little or no protection. Perhaps you can explain why you wouldn't put too much "stock" in this observation? Yes, we have seen unprecedented fiscal and monetary response to the crisis created by the pandemic. But we are in uncharted territory. The jury is not in yet regarding the virus, its economic impact, the stimulus or how the economy will respond to it. These kinds of things don't just "go away" in 35 days. What is happening in the options market is just one negative. There are more. More disconcerting to me is there are mostly conflicting "signals" at the moment. Anyone can make a good argument for being bullish or bearish right now. So, if you are a speculator................................
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