phatbubble Posted May 20, 2010 Report Share Posted May 20, 2010 ...or a gold car with cash Or some teefs, yo Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 20, 2010 Report Share Posted May 20, 2010 Hope that was it. Moving stop to entry at 1181. rtq at 1187. Sold half at 1194... for +13. Holding the other half. Moving stop to 1188. Trade Safe. Link to comment Share on other sites More sharing options...
Trader Joe Posted May 20, 2010 Report Share Posted May 20, 2010 I 'think' we close green today. That would be AMAZIN' Just got filled on my first wave of not-so off the wall bids that I threw out there on some long dated short puts More stuff pending, should we collapse further Link to comment Share on other sites More sharing options...
swordfish Posted May 20, 2010 Report Share Posted May 20, 2010 I just finished the Pettis article that someone linked last night. Phew! I'm exhausted. http://mpettis.com/2010/05/don%E2%80%99t-misread-the-trade-implications-of-the-euro-crisis-for-china/ it was me, how did you like it? Link to comment Share on other sites More sharing options...
fxfox Posted May 20, 2010 Report Share Posted May 20, 2010 When it comes to the real state of the overall market i trust FX more than stocks. Best barometer for leveraging/deleveraging (aka taking more risk/reducing risk) are the Yen pairs. When I look at EUR/JPY and GBP/JPY then I say that the market doesnt look well. In fact GBP/JPY never looked well, it never came ANYWHERE NEAR its summer 2007 top. As we know summer 2007 was the internal top for stocks. Looks like the strong upmove in stocks off the 2009 bottom was pretty much based on hot air. Wait till China falls, THEN we talk real business. Greece is fly shit against that. The complete last economic sucess of the last decaqde around the world was only based on China, which is a house of cards, which will implode. I predict: Within the next 10 years we will get mass social unrest and even revolution in China. Civil war. Link to comment Share on other sites More sharing options...
specie Posted May 20, 2010 Report Share Posted May 20, 2010 ok, so indicies are test may 6th lows individual issues, 1,122 have tested their may 6th lows..... and failed Link to comment Share on other sites More sharing options...
swordfish Posted May 20, 2010 Report Share Posted May 20, 2010 jpy crosses are dead ,especially eurjpy. if they break 110 - I dont want to think where it will go Link to comment Share on other sites More sharing options...
Speakeasy Posted May 20, 2010 Report Share Posted May 20, 2010 Good job, lads. I'll take it from here. Bucky backtesting the breakout. If it holds, look for higher. If he consolidates, my guess is he'll hold above 84.75. Link to comment Share on other sites More sharing options...
Trader Joe Posted May 20, 2010 Report Share Posted May 20, 2010 WowZa Link to comment Share on other sites More sharing options...
fxfox Posted May 20, 2010 Report Share Posted May 20, 2010 That China is BY FAR the biggest surplus country is one of the biggest and most idiotic crap i have ever read. China has more problems in the foreseeable future than any other country of the western world. For those who dont realie: China is still a communist country. You have police on ANY corner. I have problems to trust statisitcs of democratic countries, but i definitely never ever trust statistics of a totalitarian, communist country. Link to comment Share on other sites More sharing options...
Trader Joe Posted May 20, 2010 Report Share Posted May 20, 2010 Great comment by Fumble Manager on Crapvision ...."get to cash now?....WTF?....where were these Newsletter writers when we were above 1,200?....you should be lining up your buys now...not selling after the move down ...." Whiskey Haines stands there in disbelief...."buy NOW?.....WHAT!!!!" Link to comment Share on other sites More sharing options...
Trader Joe Posted May 20, 2010 Report Share Posted May 20, 2010 I'll be buyin' heavy if when we break 9xx on the S&Peepee ...and loading up exponentially more as/if/when we continue down from there All hail Dry Powder !!! Link to comment Share on other sites More sharing options...
Lemur Posted May 20, 2010 Report Share Posted May 20, 2010 Great comment by Fumble Manager on Crapvision ...."get to cash now?....WTF?....where were these Newsletter writers when we were above 1,200?....you should be lining up your buys now...not selling after the move down ...." Whiskey Haines stands there in disbelief...."buy NOW?.....WHAT!!!!" You should write one. Your mkt calls are great. Link to comment Share on other sites More sharing options...
Speakeasy Posted May 20, 2010 Report Share Posted May 20, 2010 My spec buy on VLO got hit this morning. Just a small position figuring with crude getting trashed, they will catch a bid. Link to comment Share on other sites More sharing options...
phatbubble Posted May 20, 2010 Report Share Posted May 20, 2010 That would be AMAZIN' Just got filled on my first wave of not-so off the wall bids that I threw out there on some long dated short puts More stuff pending, should we collapse further TJ how do you price those? Assume a lower price level and add a bit of premium for increased vol? Or is it more scientific, like? Link to comment Share on other sites More sharing options...
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