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HarryCarysGhost (99.70)

Help with pitches?

Recs

5

June 17, 2010 – Comments (10)

Related Ticker: CBOE 

My pitches generally suck so I was hoping to get the Fools thoughts on this one. 

I think it should go up from it's current price of zero :)

All kidding aside - Late Monday, the exchange said it sold 11.7 million shares at $29 each, raising $339 million. The sale was at the high end of a projected range of $27 to $29.
Ok we all know that the IPO market sucks right now, but if I may refer to CME's initial offering of $35 in December 2002. The stock rose 23 percent on the first day of trading and it's current price of $307 is a gain of nearly 800% over the stocks life.

Some Chicago traders believe the IPO is a setup for a takeover of the CBOE. "The more transparent reporting and market established price for CBOE could be what other exchanges have been waiting for," said Morningstar Inc. analyst Michael Wong.

Wong said the exchange is "a valuable asset that should generate returns" although it's revenue growth has leveled off and it faces acute competition in pricing. The CBOE collects more than 70 percent of its revenue in per-contract trading fees.

Contributing- David Roeder of the Chicago Sun times, and Associated Press
Ok, since I want to make this pitch four hundred words I'll have to freeball it from here :)
It's the Chicago Board Options Exchange. Been around since 1973, invented the volatility index VIX, if you want frozen orange juice concentrates this is the place you go (not literally you may want to check the stores for the physical product :)

I actually don't believe that there will be a takeover, but if one does occur your up.
This is one of the last exchanges that extensively uses floor trading, so there is at least a percentage of human element to it and not as susceptible to flash trading, or the proverbial fat finger.
So in my mind I would be buying the Chicago Board Options Exchange. As with all initial purchase offers it's usually a good idea to wait for the excitement to die down so you can get fair market value.
The CBOE used to run on the ownership of “seats” which were bought for a Kings ransom. 930 seats in total, which was converted to 80,000 shares of class A stock.

“Former CBOT members who sued for a share of the CBOE because they had rights to trade on the options market will divide 16.3 million shares of class B stock”

Sweet 405 words

10 Comments – Post Your Own

#1) On June 17, 2010 at 1:41 AM, HarryCarysGhost (99.70) wrote:

Well one problem that I can spot right off is that it's hard to read.

Thanx for any replys, just trying my best.

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#2) On June 17, 2010 at 1:50 AM, HarryCarysGhost (99.70) wrote:

Since you can use 10,000 characters should I have went with line breaks between paragraphs. I was so focused on 400 words.

This was easily the longest pitch I've ever made without the use of copy n' paste. (hey some people are writers, and then theres me :)

 

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#3) On June 17, 2010 at 2:07 AM, TMFUltraLong (99.95) wrote:

Just be sarcastic and cynical... tends to work for me

UltraLong

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#4) On June 17, 2010 at 4:42 AM, Tastylunch (29.33) wrote:

content is fine could use a bit more structure. Doesn't flow too well.

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#5) On June 17, 2010 at 4:43 AM, blesto (31.96) wrote:

Great post! Out with old in with the new.

Working on a Pulitzer Prize eh?

You should add the related ticker on the "Add Related Tickers" button of your blog.

Just sayin'. =) 

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#6) On June 17, 2010 at 6:36 AM, allstarvulture (< 20) wrote:

msftgev-

Don't lose sight of the forest for the trees by fixating on things like length.  Quantity does not always equate to quality. 

Don't feel obligated to back up eveyting with direct sources in the pitch.  You can do that, but it's not necessary.  If you do provide sources of authority, I suggest you limit the source material to the salient point of performance.  Your pitch for CKP is a good example of this.  You can always provide a link to entire articles if someone wants to delve deeper.

When all is said and done, all I need from a pitch is why the pitcher thinks the stock in question will outperform or underperform the benchmark.  It could take as little as 10 words.  Your pitch on BIDU is a perfect example of this.  At the time of the pitch, you felt BIDU was overvalued.  Fair enough.  If I, or anyone else wanted to know why you felt this way, it could be asked in the comment box.  

I just want to know why you, as the author of the pitch, think the company will perform the way you've predicted.  Convey that message clearly and, regardless of whether others agree with you or not, you've got a good pitch.     

Best of luck.  I'm looking forward to your future recommendations.

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#7) On June 17, 2010 at 2:56 PM, djshagggyd (74.31) wrote:

Mischief,

Well, I've gotta say that as a novice your post confused the hell out of me. But that's my problem not yours!

One thing that I think is important when trying to write or communicate anything is deciding "who do I want my audience to be?".

I would imagine that it is "the herd" who gives out the most recs. So if you want more recs... think about the mindset of "the herd": They want it simple... they want it exciting... they want it witty. They probably aren't interested in the "nitty gritty".

If you are pitching to a "due diligence" crowd... I think they would want: thorough, accurate facts with links, wit, and some kind of compelling insight that others may not have noticed.

TMF doesn't make it particularly easy to format text in a classy way... but if you tweaked your paragraph spacing in your above post, I think everything would flow a lot better.

If you want to spice it up a little... check out DanieltheBears blogs... he's got some html "how-to's" (pictures, fonts, colors, etc...)

Keep in mind that this is all coming from someone who is terrible at pitches. Much more terrible than you could ever be! (I've actually only done one... and it's embarrassing. So I'm kinda in the same boat as you... tryin to sharpin my skills). So don't take my advice too seriously!

R O C K !

~djshagggyd 

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#8) On June 17, 2010 at 2:56 PM, djshagggyd (74.31) wrote:

Mischief,

Well, I've gotta say that as a novice your post confused the hell out of me. But that's my problem not yours!

One thing that I think is important when trying to write or communicate anything is deciding "who do I want my audience to be?".

I would imagine that it is "the herd" who gives out the most recs. So if you want more recs... think about the mindset of "the herd": They want it simple... they want it exciting... they want it witty. They probably aren't interested in the "nitty gritty".

If you are pitching to a "due diligence" crowd... I think they would want: thorough, accurate facts with links, wit, and some kind of compelling insight that others may not have noticed.

TMF doesn't make it particularly easy to format text in a classy way... but if you tweaked your paragraph spacing in your above post, I think everything would flow a lot better.

If you want to spice it up a little... check out DanieltheBears blogs... he's got some html "how-to's" (pictures, fonts, colors, etc...)

Keep in mind that this is all coming from someone who is terrible at pitches. Much more terrible than you could ever be! (I've actually only done one... and it's embarrassing. So I'm kinda in the same boat as you... tryin to sharpin my skills). So don't take my advice too seriously!

R O C K !

~djshagggyd 

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#9) On June 17, 2010 at 8:32 PM, HarryCarysGhost (99.70) wrote:

UltraLong- Thanks man, I definetly need to work on my cynicism :)

Tastylunch- I totally agree. While re-reading I even thought that I was all over the place.

blesto - Dude, that Pulitzer is so mine :) Good call, can't believe I forgot the ticker.

allstarvulture- Thank you for your thoughts. I was trying for 400 words so I would be considered for the top pitch of the week, obviously that is too many words for me since I added wayyy too much information.

Our Hosts at TMF are trying to emphasize the quality of pitches, so am just trying to oblige. In the future when I feel really strongly about a stock, I'll keep it to the pertinent information. 

djshagggyd- Good point. I would say my target audience would be the due-dilligence crowd. Recs are nice but it's not what drives me to post.

Halfway  through writing this I figured out that it is sooooo! much easier to write your pitch on a word processor, then paste it.

I'm not sure you can use them in pitches. But I may have screwed it up in my attempts at computer literacy:)

Rock N' Roll.

Thank you all for your replys, I'll keep working at my quest of not sounding like the complete idiot that I am :)

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#10) On June 19, 2010 at 7:30 PM, HarryCarysGhost (99.70) wrote:

TMF- thanx :)

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