johnpaulca
12,036 posts
msg #59927
- Ignore johnpaulca |
2/25/2008 12:21:48 PM
Nice trade Niko...back to your winning ways (<:
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nikoschopen
2,824 posts
msg #59930
- Ignore nikoschopen |
2/25/2008 1:01:08 PM
Thanks. Nice trade on ure part as well.
Cheers!
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nikoschopen
2,824 posts
msg #59931
- Ignore nikoschopen |
2/25/2008 1:22:48 PM
Short ESH8 @ 1356.25 with tight stop
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nikoschopen
2,824 posts
msg #59932
- Ignore nikoschopen |
2/25/2008 1:27:43 PM
Covered @ 1353.50
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nikoschopen
2,824 posts
msg #59933
- Ignore nikoschopen |
2/25/2008 1:38:30 PM
Some developing news from Briefing.com:
Fitch put the ratings on a batch of bond insurers on watch for downgrades, says WSJ, "Bond insurers have had to raise billions of dollars in capital to forestall possible downgrades in their credit ratings as worries about the value of the securities they've insured persist. For mortgage insurers, increasing foreclosures mean those firms are on the hook for covering more mortgages." While Reuters reports the move would pressure ratings for the likes of UBS, Merrill and Citi as well.
This can be comfirmed by massive downgrades by Moody's and Fitch as seen on Dow Jones Newswire.
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nikoschopen
2,824 posts
msg #59934
- Ignore nikoschopen |
2/25/2008 1:40:04 PM
Short ESH8 @ 1351.75
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nikoschopen
2,824 posts
msg #59935
- Ignore nikoschopen |
2/25/2008 1:46:40 PM
Stopped out @ 1354.25
kfa#$#%$^&@!!!
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nikoschopen
2,824 posts
msg #59937
- Ignore nikoschopen |
2/25/2008 2:50:15 PM
Typical buy the rumor, sell the news crap. For those who are relative new to this game, it means "screw this market!".
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nikoschopen
2,824 posts
msg #59938
- Ignore nikoschopen |
2/25/2008 3:13:03 PM
Short ESH8 @ 1364.25
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nikoschopen
2,824 posts
msg #59939
- Ignore nikoschopen |
2/25/2008 3:24:17 PM
Here's another snippet of "you scratch my back, I'll scratch ures" from Briefings.com:
The talk out there on the bail-out business seems to skeptical at best, with a number of players and pundits chiming in to voice concern, wariness or "unprintable."
WSJ's Gaffen early wrote "In a sense there's an odd circle playing out here: The banks have exposure to a load of debt that has an intrinsic value largely based on the insurance guarantee from MBIA and Ambac. That guarantee is in doubt, so the banks are going to back-stop that with capital to the insurer - to protect themselves. But haven't we seen this movie before? When Merrill Lynch first took a massive write-down back in November, the markdowns were reluctant ones - the firm wouldn't even comment on whether the asset valuations were enough to sell in the market. They ended up later marking down those positions more aggressively- to where the firm admitted it wouldn't recover any value."
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