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DoubleSix

11,710 posts

176 months

Thursday 22nd January 2015
quotequote all
DonkeyApple said:
the gay disco is that way, honey.
WTF is that supposed to mean??

DonkeyApple

55,165 posts

169 months

Thursday 22nd January 2015
quotequote all
DoubleSix said:
DonkeyApple said:
the gay disco is that way, honey.
WTF is that supposed to mean??
It means I have absolutely no idea what you suddenly got all precious about but I'm not interested in entertaining it.

DoubleSix

11,710 posts

176 months

Thursday 22nd January 2015
quotequote all
DonkeyApple said:
DoubleSix said:
DonkeyApple said:
the gay disco is that way, honey.
WTF is that supposed to mean??
It means I have absolutely no idea what you suddenly got all precious about but I'm not interested in entertaining it.
Perhaps we were talking at cross purposes. But I thought I explained that my point was simply that QE was coming, no question, where you implied it might not. All the stuff about what form the QE might take was moot to that point, but you kept banging on about it.

Anyway, no matter.


DSLiverpool

14,733 posts

202 months

Thursday 22nd January 2015
quotequote all
fesuvious said:
Courage of convictions and all that....

This morning,
Sold; VOD / NG. / SBRY / TSCO

Sold enough KAZ to pull out orginal purchase amount and leave the profit in.
Kept hold of PETS.

Not fancying staying in for the next 2 days. ECB announcement tomorrow I'm cautious of, and I really don't fancy staying in the market too much across the Greek elections.
One more day would have been nice - still, no regrets as a profit was made.

AOK

2,297 posts

166 months

Thursday 22nd January 2015
quotequote all
Sorry, less professional investor here! Any advice / anyone in Blackberry BBRY?

I mentioned it on here last year at about $8.50.

Big 30% pop past week just before closing bell on a rumour of Samsung buy out, which transpired to be false (aparently) so stock returned to normal the next morning.

I'm tempted to get out tonight after a 10% increase, but on the other hand if these chinese whispers about Samsung are actually something genuine that leaked (price to be paid was much higher than the market cap), it might be worth giving it another 12 months to see if the new guy can turn it around.

Thanks

twinturboz

1,278 posts

178 months

Thursday 22nd January 2015
quotequote all
AOK said:
Sorry, less professional investor here! Any advice / anyone in Blackberry BBRY?

I mentioned it on here last year at about $8.50.

Big 30% pop past week just before closing bell on a rumour of Samsung buy out, which transpired to be false (aparently) so stock returned to normal the next morning.

I'm tempted to get out tonight after a 10% increase, but on the other hand if these chinese whispers about Samsung are actually something genuine that leaked (price to be paid was much higher than the market cap), it might be worth giving it another 12 months to see if the new guy can turn it around.

Thanks
It's dead give it up, classic pump and dump last week. If you have a profit personally I'd run to the exit not walk, end of the day your call but far less riskier places to put your money i.e. companies that actually have decent earnings, not a trade based on someone coming to buy them out. If indeed Samsung offered and Blackberry turned it down, then they deserve to go bankrupt.

Edited by twinturboz on Thursday 22 January 20:02

DonkeyApple

55,165 posts

169 months

dom9

8,068 posts

209 months

Thursday 22nd January 2015
quotequote all
Typing on my BlackBerry Passport as we speak!

It's epic!!! Converted a couple of iPhone users already.

Runs the Android apps and really does feel like a quality piece of kit, despite being cheaper.

I don't think they're dead yet!

twinturboz

1,278 posts

178 months

Thursday 22nd January 2015
quotequote all
Ok dead is an exaggeration but do you honestly think they'll be able to get back to where they were. I remain skeptical.

U.S. markets pushed higher towards the close, I'm scaling in short positions if by Monday were at new highs I'll be the one screaming I should have bought the dip as I'm jumping off a bridge.

Edited by twinturboz on Thursday 22 January 21:25

DoubleSix

11,710 posts

176 months

Thursday 22nd January 2015
quotequote all

gaz1234

5,233 posts

219 months

Thursday 22nd January 2015
quotequote all
twinturboz said:
It's dead give it up, classic pump and dump last week. If you have a profit personally I'd run to the exit not walk, end of the day your call but far less riskier places to put your money i.e. companies that actually have decent earnings, not a trade based on someone coming to buy them out. If indeed Samsung offered and Blackberry turned it down, then they deserve to go bankrupt.

Edited by twinturboz on Thursday 22 January 20:02
They will come good again

trashbat

6,006 posts

153 months

Thursday 22nd January 2015
quotequote all
Samsung don't need to buy Blackberry to get into enterprise security, IMO, any more than they need to buy Windows Mobile 6 to get into the back office.

They have general market dominance already and everyone knows that BBRY won't be a going concern forever.

DonkeyApple

55,165 posts

169 months

Thursday 22nd January 2015
quotequote all
DoubleSix said:
I was sent a load of them this morning as the whole market seemed bored waiting for 1245.

This was another very good one:

https://www.youtube.com/watch?v=Lx4poQw1mZo

marky1

1,046 posts

196 months

Friday 23rd January 2015
quotequote all
Any of you guys know where I can do a EURDKK (Danish Krona) FX spread bet with a guaranteed stop? Tried IG but they won't take it. Thanks

Shaoxter

4,069 posts

124 months

Friday 23rd January 2015
quotequote all
marky1 said:
Any of you guys know where I can do a EURDKK (Danish Krona) FX spread bet with a guaranteed stop? Tried IG but they won't take it. Thanks
After what happened with EURCHF... good luck laugh
Also it's much less traded than CHF and you'll be paying quite a bit in spread.

DonkeyApple

55,165 posts

169 months

Friday 23rd January 2015
quotequote all
marky1 said:
Any of you guys know where I can do a EURDKK (Danish Krona) FX spread bet with a guaranteed stop? Tried IG but they won't take it. Thanks
Just my tuppence but a very good rule of thumb is that is IG does not do something then it will be because of risk.

On that pair the upfront fee to underwrite 'risk+profit' is so wide that it's not worth adding as no one would trade it.

Back to the risk aspect, the two big failures last week were down to bad risk management. FXCM failed to increase margin requirement on CHF as their client exposure grew, in comparison, Gain in the US were quoting 5% this turnings away additional exposure risk. Alpari was offering ludicrous low margin requirements to specifically attract the type of client who could never settle negative balances.

Look at Worldspreads, GT247, MF Global the entity now known as ProSpreads. They've all gone bust on the back of bad or deliberate risk management. Any firm that is offering spreads or margins below the industry norm should always be assumed to be bent or broken.

And any firm which quotes either below std clearing rates is a pure bucket shop that exists to convert client cash to balance sheet cash as swiftly as possible.

Back to LR, it is a sales gimmick so only offered in price and size that works on the sales front but if it isn't offered on a liquid and common product then it does give you some useful information. wink

marky1

1,046 posts

196 months

Saturday 24th January 2015
quotequote all
DonkeyApple said:
Just my tuppence but a very good rule of thumb is that is IG does not do something then it will be because of risk.

On that pair the upfront fee to underwrite 'risk+profit' is so wide that it's not worth adding as no one would trade it.
I'd trade it. 3% stop which is above the band and 20% upside on the trade.

DonkeyApple

55,165 posts

169 months

Saturday 24th January 2015
quotequote all
marky1 said:
DonkeyApple said:
Just my tuppence but a very good rule of thumb is that is IG does not do something then it will be because of risk.

On that pair the upfront fee to underwrite 'risk+profit' is so wide that it's not worth adding as no one would trade it.
I'd trade it. 3% stop which is above the band and 20% upside on the trade.
You miss the point. No one would trade it with the correct controlled risk premium added to the spread. You would be adding way more than 3% so thats why the pair isnt availble LR at IG.

marky1

1,046 posts

196 months

Saturday 24th January 2015
quotequote all
DonkeyApple said:
You miss the point. No one would trade it with the correct controlled risk premium added to the spread. You would be adding way more than 3% so thats why the pair isnt availble LR at IG.
You mean no company will take the trade rather than no one will trade it right? I'm not surprised, hence my question here does anyone know any company that would. Let's face it until the swiss peg removal last week I don't think it would have been a problem to get a guaranteed stop on the DKK.

DonkeyApple

55,165 posts

169 months

Saturday 24th January 2015
quotequote all
marky1 said:
DonkeyApple said:
You miss the point. No one would trade it with the correct controlled risk premium added to the spread. You would be adding way more than 3% so thats why the pair isnt availble LR at IG.
You mean no company will take the trade rather than no one will trade it right? I'm not surprised, hence my question here does anyone know any company that would. Let's face it until the swiss peg removal last week I don't think it would have been a problem to get a guaranteed stop on the DKK.
No, i mean the premium you add to the spread for a guaranteed stops must cover both risk and also contain a comm profit. To price that correctly on that pair would set a spread no one would trade. I'd probably price it up towards 5% in this climate. No one would trade that spread so i wouldn't bother setting it up.

Guaranteed Stops are not there to benefit clients. They are an important profit centre that allows you to extend credit to clients you wouldn't be able to other wise. Your marketing department wraps it up as an important trading tool for all etc and it allows you to onboard a larger batch of clients to feed through the book. It's pure B Book at this level.
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