Guest Posted July 23, 2004 Report Share Posted July 23, 2004 I have work to do I must complete by tomorrow, so I can't post much. I set stops about 1.2220. Just stopped in long at 1.2230, with sell stop at 1.2217. Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2004 Report Share Posted July 23, 2004 EUR/USD jump to 1.2235 already. Nascrap now only -5.00. Spoos about to go green. The time is 3:04 a.m. A jam may be on. Link to comment Share on other sites More sharing options...
Guest Posted July 23, 2004 Report Share Posted July 23, 2004 Microsoft's CFO said their entire revenue shortfall was due to missing their "investment income" targets. He was the one wheeled out to explain it, because it was mostly his strategy that caused the company to get creamed in the derivatives market. They lost $450 million hedging for higher interest rates. What other types of "investing" did they project to profit from during the quarter? Greenspan's games to whipsaw the markets are costing corporations - who have been gaming the markets with their cash. They had probably made their forward guidance assumptions based on the market moving higher, and it didn't. Given how many corporations are flush with cash...needing to play the markets in some form to maximize their return, how many other corporations are coming up short of estimates as a result of mal-investment of their cash reserves? Link to comment Share on other sites More sharing options...
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