Posted:
#26
Shorts get run on LEH on a close above 7.25
Mikey's Corner 08
Posted:
#27
Quote Originally Posted by claycourtlesson:
Yep, going to join in on the LEH party and open 3000 x LEH at 4.13 and let it ride through the day.
Just bailed out all 3000 at 5.13, decided to take money and run before this gets run back. Could happen, and then again this could get run to 6ish.
After clearing fees and the 28% to the DC iceholes, a nice 2100+ net on the day. Not bad for 3 hours work.
Posted:
#38
What the Fed is doing with its manic handling of the printing press makes it pretty obvious that "the powers that be" are bound and determined to collapse the dollar for good and form one North American currency, a la the euro.
I have never been a gold bug, but I am getting very tempted to look for some spot futures, as it is way, way, way technically oversold.
Posted:
#43
Quote Originally Posted by claycourtlesson:
What the Fed is doing with its manic handling of the printing press makes it pretty obvious that "the powers that be" are bound and determined to collapse the dollar for good and form one North American currency, a la the euro.
I have never been a gold bug, but I am getting very tempted to look for some spot futures, as it is way, way, way technically oversold.
ccl - as much as i believe in the charts, i think all connectivity between markets and appropriate hedges are gone right now
everything is down...except for the dollar...stocks, real estate, commodities, oil, gold
none of it makes any sense
Posted:
#44
Mikey having a hard time trying to figure how much to play on a trade do you go by a dollar value ?
I have been buying 1000 shares to 3000 shares a trade and it gets expensive and hard to make many trades and if some go down I have alot of money on the table. looking for advice going forward?
Posted:
#45
The Dollar trades relative to other curriencies not to intrensic value.
The foreign economies are dependent on the US and for the past 4 years business and Oil demand overseas has been much stronger. That caused the dollar to trade lowere RELATIVE to those currencies. That caused the protracted decline in the dollar.
Now those foreneign economies and also the commodities and foreign economies ...see charts on EEM AND FXI are collapsing. That causes the dollar to be relatively stronger and this is happening at a time when the whole world is long commodities and long gold and short the US dollar. THSES SHORTS HVE NO STORY NOW THEY HAVE TO COVER. That is the reason the dollar is strong.
Our economy is weak but theirs is weaker
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