Wow that was like taking

    Posted by matt on 14th of Sep 2008 at 07:53 pm

    Wow that was like taking Candy from a baby, the Dow futures were down 300 and bounced and were down only 200, I shorted them and now they are back down -250, I'm having fun while I wait on Steve to call me and do the Audio to the Newsletter, the charts are all done

    Matt- I did the exact

    Posted by vmath on 14th of Sep 2008 at 08:10 pm

    Matt- I did the exact same thing!  Unlike all you other geniuses I went into the weekend flat and wasl ooking to get short!  We just got that chance. Let's see what happens next.  Great fun!

    How did you guys trade

    Posted by maggi3322 on 14th of Sep 2008 at 09:41 pm

    How did you guys trade after hours like that???

    maggi- One of my accounts

    Posted by vmath on 14th of Sep 2008 at 10:03 pm

    maggi- One of my accounts is through CMC Markets in London in the UK.  You can trade the major US indices through them as of 6 pm Eastern time on Sunday night and trade 24 hrs /day until Friday @ 4.15 pm.   That's how I, doing it at this time.  Would be interesting to get Matt's take on this!  Matt..........?

    You can trade the futures

    Posted by dodgerdog on 14th of Sep 2008 at 10:36 pm

    You can trade the futures here.

    WHERE???????

    Posted by rgoodwin on 14th of Sep 2008 at 10:46 pm

    WHERE???????

    You can open a futures

    Posted by dodgerdog on 14th of Sep 2008 at 10:53 pm

    You can open a futures account with many firms - IB allows for futures trading.

    Steve- can you expand on

    Posted by vmath on 14th of Sep 2008 at 10:41 pm

    Steve- can you expand on where & how you like to do that in the US? I for one would like to know tia!

    Thanks, maybe I should look

    Posted by maggi3322 on 14th of Sep 2008 at 10:17 pm

    Thanks, maybe I should look into that

    futures could bounce if a

    Posted by pepperwu on 14th of Sep 2008 at 08:45 pm

    futures could bounce if a package is announced by the large banks, a la long term capital style.  noone wants to see a disorderly liquidation.

    as a foreigner can I ask what national government would EVER allow its major banks to get into so much trouble? this is going to criple the US economy growth for years to come and the new new york will now be HK or Singapore

    btw. why doesn't congress move

    Posted by pepperwu on 14th of Sep 2008 at 08:52 pm

    btw. why doesn't congress move to impeach the following (its possible to impeach someone after leaving office):

    Chairman Greenspan
    Treasury Secretary Snow
    President Bush

    Also, what are the chances of the next Attorney General (Fed or NY) charging all former CEOs and a number of other executives under the RICO statutes or with conspiracy?

     

     

     

    Greenspan -- isn't he emabarressed

    Posted by Michael on 14th of Sep 2008 at 08:59 pm

    Greenspan -- isn't he emabarressed by what he's done?  No.  He continues to speak.  He says "housing will bottom in the firat half of 2009, although prices will continue to drift lower for at least eight months after that."

    What does that mean? 

    Come on you guys! THe

    Posted by vmath on 14th of Sep 2008 at 08:39 pm

    Come on you guys! THe geniuses thing was done tongue in cheek!  I did however feel left out not being short! I'm finally back in the Breakpoint Trades fold!  Didn't want to be left out in the cold (abandonment issues and all) LOL Laughing Embarassed

    Nice .. i will call

    Posted by cspirit on 14th of Sep 2008 at 08:02 pm

    Nice .. i will call u .. PM your number

    Well done Matt!

    Posted by rgoodwin on 14th of Sep 2008 at 07:55 pm

    Well done Matt!

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