nikoschopen 2,824 posts msg #59410 - Ignore nikoschopen |
1/31/2008 11:30:28 AM
Short, short, short!!!
S&P currently around 1362.
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maxreturn 745 posts msg #59412 - Ignore maxreturn modified |
1/31/2008 11:40:47 AM
I'm a swing trader (daily charts) so I'm waiting for SPY to make an hourly downclose on decent volume at which time I'll buy a put on the SPY and also on either ABK or MTG.
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nikoschopen 2,824 posts msg #59413 - Ignore nikoschopen |
1/31/2008 12:01:00 PM
Well, I'm definitely getting crushed on this one although the damn thing is slowly coming back down.
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nikoschopen 2,824 posts msg #59414 - Ignore nikoschopen |
1/31/2008 12:17:57 PM
Luckily, the price retraced to practically where I entered, so to minimize any needless risk I've taken on a long position in the Dow futures. The daily chart looks 50/50 at the moment. If we were to close right now, it would be bullish; if we were to go down and close near the bottom, it would be bearish. Frankly, however, I hate pair trading.
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nikoschopen 2,824 posts msg #59415 - Ignore nikoschopen |
1/31/2008 1:25:41 PM
MBIA, Ambac shares bounce on MBIA execs' commentsReuters
Thu Jan 31, 2008 11:57am
NEW YORK (Reuters) - Shares of top bond insurers MBIA Inc (MBI.N: Quote, Profile, Research) and Ambac Financial Group Inc (ABK.N: Quote, Profile, Research) rose on Wednesday, recovering from an initial drop, after comments from MBIA executives offered some reassurance about the state of the bond insurance sector.
Investors have been on edge due to fears the insurers could have their credit ratings downgraded.
MBIA shares were up 5.3 percent at $14.72 on the New York Stock Exchange, while those of Ambac gained 11.4 percent to $12.08.
In a conference call with analysts MBIA Chief Executive Gary Dunton said MBIA is in the best position to maintain Triple-A ratings among public bond insurers.
I suppose we traders need to get our dunce cap on and start dancing to the tune of their lies.
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petrolpeter 439 posts msg #59417 - Ignore petrolpeter |
1/31/2008 1:27:51 PM
The Beggar's Ball?
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nikoschopen 2,824 posts msg #59420 - Ignore nikoschopen |
1/31/2008 3:09:24 PM
Yeah, and ure cordially invited to Club Pinocchio.
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nikoschopen 2,824 posts msg #59421 - Ignore nikoschopen |
1/31/2008 3:45:31 PM
Have we reached the top yet? Short...
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nikoschopen 2,824 posts msg #59422 - Ignore nikoschopen |
1/31/2008 4:04:33 PM
The futures getting trashed in the afterhours. Somebody must know something about tomorrow's job report.
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johnpaulca 12,036 posts msg #59423 - Ignore johnpaulca |
1/31/2008 4:33:55 PM
Niko...we will tomorrow me thinks. Trend is still down. imho
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