Great day in the markets...
Discussion
FTSE down 4.6%, nice.
Does anyone have any tales of woe, or did you all think Bernanke was going to send things rallying yesterday?
Usually I'd be up to my nuts in losses in IG by now, (or more likely stopped out, 240+ points in a day is a lot) but not this time- watching from the sidelines.
Bets for Year end FTSE level close? I think 6000 is tops personally.
Does anyone have any tales of woe, or did you all think Bernanke was going to send things rallying yesterday?
Usually I'd be up to my nuts in losses in IG by now, (or more likely stopped out, 240+ points in a day is a lot) but not this time- watching from the sidelines.
Bets for Year end FTSE level close? I think 6000 is tops personally.
Closed out a ftse short at 3am approx at 5140, I thought it might bounce but never mind. I doubt this is the big one but at some stage I reckon 4700.
Can't do anything until US opens and we get a feel.
1-2 weeks Ftse 5300 and back down again
IMO, DYOR etc and what do I know as after July I'm still underwater but at least I made a bit today.
Can't do anything until US opens and we get a feel.
1-2 weeks Ftse 5300 and back down again
IMO, DYOR etc and what do I know as after July I'm still underwater but at least I made a bit today.
Transfered 10K GBP to Australia yesterday afternoon with the threat of more Quantitive Easing making an already terrible exhange rate worse, rate has risen over 4 cents by then meaning i've lost out on over $400 oz dollars so far. Doh!!
If you want to make money I can honestly say follow what I do and then do the opposite!! I sell Low and buy High!!
If you want to make money I can honestly say follow what I do and then do the opposite!! I sell Low and buy High!!
Bluequay said:
Transfered 10K GBP to Australia yesterday afternoon with the threat of more Quantitive Easing making an already terrible exhange rate worse, rate has risen over 4 cents by then meaning i've lost out on over $400 oz dollars so far. Doh!!
If you want to make money I can honestly say follow what I do and then do the opposite!! I sell Low and buy High!!
You and me both. Perhaps we should start charging people a retainer to advise them what we'd do, in order that they can action the polar opposite and cash in.If you want to make money I can honestly say follow what I do and then do the opposite!! I sell Low and buy High!!
I do think the smart money at the moment has been selling the rallies- whenever it gets to around 5300, it ends up getting hammered.
honest_delboy said:
Closed my DOW short this money for a healthy profit, still have a long running though thats well under water. Should've done it the other way round :
:
Did the long term trade start out as a short term one? Defintion of a long term trade = short term trade gone wrong!: 
nutcase said:
FTSE down 4.6%, nice.
Does anyone have any tales of woe, or did you all think Bernanke was going to send things rallying yesterday?
Usually I'd be up to my nuts in losses in IG by now, (or more likely stopped out, 240+ points in a day is a lot) but not this time- watching from the sidelines.
Bets for Year end FTSE level close? I think 6000 is tops personally.
Farkin horrible...Does anyone have any tales of woe, or did you all think Bernanke was going to send things rallying yesterday?
Usually I'd be up to my nuts in losses in IG by now, (or more likely stopped out, 240+ points in a day is a lot) but not this time- watching from the sidelines.
Bets for Year end FTSE level close? I think 6000 is tops personally.
My stocks are down pretty bad this year. But i'm still a gain on paper as i bought in quite low..
Net worth has been more than halved in terms of my stock...
Looking long-term now rather than short-term..
Edited by Tyson1980 on Friday 23 September 13:08
Tyson1980 said:
Farkin horrible...
My stocks are down pretty bad this year. But i'm still a gain on paper as i bought in quite low..
Net worth has been more than halved in terms of my stock...
Looking long-term now rather than short-term..
Why you looking long term now? Because it's gone wrong?My stocks are down pretty bad this year. But i'm still a gain on paper as i bought in quite low..
Net worth has been more than halved in terms of my stock...
Looking long-term now rather than short-term..
Edited by Tyson1980 on Friday 23 September 13:08
marky1 said:
Why you looking long term now? Because it's gone wrong?
Long term as my none of the major ones in my current portfolio are realizing their "true value" based on their fundamentals.In all honesty i was hoping to sell a lot of them around this time. Then everything went to pigs
t.2011 been a hell of a year. I've been caught out on a few shorts too..
The only ones not suffering are the few super bankers still collecting bonuses with bailout money while the world disintegrates around them. Having said that Im sure some are blameless and just call things right like Soros etc. All his money is off the table in cash.
The public will scream enough that politicians will turn the taps back on, thats what needs to happen anyway. Monetary policy is useless in a private debt deflationary recession.
So when you see large plans coming along like Obama's jobs bill and they pass, then things will start picking up. Bailing out banks does nothing to address the real issue.
The public will scream enough that politicians will turn the taps back on, thats what needs to happen anyway. Monetary policy is useless in a private debt deflationary recession.
So when you see large plans coming along like Obama's jobs bill and they pass, then things will start picking up. Bailing out banks does nothing to address the real issue.
What I don't get is how long can you keep putting money in at one end and never get anything out of the other!!! At the moment it seems like a bottomless pit but it can't be surely?? I think you have to draw the line somewhere and let companies/countrys etc etc go bust rather than always catering for the lowest common denominator!! If Spain/Portugal/Greece are in such a mess anyway then throwing more billions of euros at them will not change them it will just keep them going for a bit longer and put off the evil day!!
Tyson1980 said:
Long term as my none of the major ones in my current portfolio are realizing their "true value" based on their fundamentals.
In all honesty i was hoping to sell a lot of them around this time. Then everything went to pigst.
2011 been a hell of a year. I've been caught out on a few shorts too..
Maybe their 'true value' and your fundamental analyses are wrong then?In all honesty i was hoping to sell a lot of them around this time. Then everything went to pigs
t.2011 been a hell of a year. I've been caught out on a few shorts too..
zac510 said:
Tyson1980 said:
Long term as my none of the major ones in my current portfolio are realizing their "true value" based on their fundamentals.
In all honesty i was hoping to sell a lot of them around this time. Then everything went to pigst.
2011 been a hell of a year. I've been caught out on a few shorts too..
Maybe their 'true value' and your fundamental analyses are wrong then?In all honesty i was hoping to sell a lot of them around this time. Then everything went to pigs
t.2011 been a hell of a year. I've been caught out on a few shorts too..
I don't think the government should touch this one. Those that have prepared will be ok, those that have over-borrowed, spent beyond their means, will suffer. That's how it should be. Any government action will just delay the inevitable. I say get it over with, and that applies to every government.
And once it's over with, we can go back to great days in the market based on results, rather than the weekly ups and downs of the global economy.
And once it's over with, we can go back to great days in the market based on results, rather than the weekly ups and downs of the global economy.
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