Early Retirement & Financial Independence Community

Early Retirement & Financial Independence Community (https://www.early-retirement.org/forums/)
-   Forum Admin (https://www.early-retirement.org/forums/f32/)
-   -   Confusing new acronyms (https://www.early-retirement.org/forums/f32/confusing-new-acronyms-25976.html)

LeatherneckPA 02-23-2007 05:52 PM

Confusing new acronyms
 
OK, I'm lost. What the heck are ISM and OSM?

cute fuzzy bunny 02-23-2007 07:23 PM

Re: Confusing new acronyms
 
I'm betting the last two letters stand for "sex machine"...

LeatherneckPA 02-23-2007 08:23 PM

Re: Confusing new acronyms
 
Quote:

Originally Posted by Cute Fuzzy Bunny
I'm betting the last two letters stand for "sex machine"...

LOL, somehow I don't think so. Folks were talking about ISM selling low. And someone else mentioned others sitting there saying "OK, it's at $23.20, but I won't buy until it hits $23.12." or words to that effect.

I gathered it's some sort of investment. Ticker symbols perhaps?

Nords 02-23-2007 08:51 PM

Re: Confusing new acronyms
 
Quote:

Originally Posted by retiredbop
I gathered it's some sort of investment. Ticker symbols perhaps?

Here's Brewer's post that started it all:
"I am looking at two exchange-traded bonds issued by Sallie Mae, a high grade issuer. One OSM, pays CPI plus 2% monthly. The other, ISM, pays CPI plus 2.05% monthly. OSM matures in 2017, ISM matures in 2018. They sound pretty similar, right? So why is OSM priced at 24.40 and ISM at 22.45?"

He's been stomping on the pricing arbitrage since April 2006...

cute fuzzy bunny 02-23-2007 09:42 PM

Re: Confusing new acronyms
 
I liked my idea better.

Just need some good ideas for the "I" and the "O".

How about "inside" and "outside"?


All times are GMT -6. The time now is 01:41 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.