But in two of the cases, after selling the long position, it
shorted the next day and made huge gains (7% and 8%) in the heart
of the fall '08 crash. If we get anything like that, I
suspect we soon see a pretty big short squeeze, furious rally and
as somebody else mentioned here, the system goes short and takes us
on a big ride downtown.
Tough to guess what might bailout the financial sector though.
Actually not tough to guess. My guess: Geithner and
Bernanke. But how?
Posted by marketguy on 5th of Aug 2011 at 10:15 pm
"I'll buy that for a dollar" (old move line :-)
honestly though, the way things are going is we'll cover at a
big loss and then we'll rocket up, the system will short and "then"
uncle Ben will wake up from his hibernation and crush us
again....mentioned it many times on this blog....Murphy's
Law....Murphy's Law....
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Not only were those trades winners....
Historical Draw Downs to the system
Posted by kalinm on 5th of Aug 2011 at 07:18 pm
But in two of the cases, after selling the long position, it shorted the next day and made huge gains (7% and 8%) in the heart of the fall '08 crash. If we get anything like that, I suspect we soon see a pretty big short squeeze, furious rally and as somebody else mentioned here, the system goes short and takes us on a big ride downtown.
Tough to guess what might bailout the financial sector though. Actually not tough to guess. My guess: Geithner and Bernanke. But how?
"I'll buy that for a
Posted by marketguy on 5th of Aug 2011 at 10:15 pm
"I'll buy that for a dollar" (old move line :-)
honestly though, the way things are going is we'll cover at a big loss and then we'll rocket up, the system will short and "then" uncle Ben will wake up from his hibernation and crush us again....mentioned it many times on this blog....Murphy's Law....Murphy's Law....