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Posted by btr Fri, 14 Nov 2003 03:44:48 GMT
1.25 point. Two shorts at 1057.25 and 1057.5. Covered both at 1056.75 before GLOBEX nightly shutdown. Original targets were set at 1056.5 and 1056.25, but it's not worth of uncertainty leaving the short position over next session. Session low was 1056.25. There were fills at 1056.5 at this writing, but my order was not at the head of the queue anyway.Asia Pacific shares were broadly higher with the Nikkei in Japan ending its last session for the trading year with a 1.3 per cent gain on the day, but a 42.1 per cent loss – its worst annual fall – on the year more
The federal government upped the ante in its rescue efforts by committing $6 billion to stabilize GMAC, a financing company vital to the future of General Motors. more
As the bear market becomes situation normal, successful investing has become more a matter of "my stocks are down less than your stocks." But should it be? The old adage is that any fool can make money in a bull market and we saw that writ large over the past couple of years. Making money in today's more
Stocks fell Monday, closing lower on one of the final trading days of a dismal year, amid global tensions and downbeat corporate news. more
For the remainder of 2008, I'll be away from the trading desk to spend time with family and for thoughtful reflection upon the new year ahead. I will return on Monday, January 5, 2009. Until then, may you and your... more
I will be in the office for only part of December 30. Sorry for any inconvenience. more
I’m shutting things down for the year. Look for posting to return to normal around the middle of January, just in time for earnings (& losses!) season. Post from: Trader Mike On Hiatus more
$35 million (market cap) Spreadtrum Communications (SPRD), which had been one of the hot young darlings in the exploding market for cell phones in China, is continuing to feel the fall-out of a market that just hasn’t cooperated. Estimates for mobile phones have been slashed worldwide in the l more
I took one manual trade in GW yesterday. It was gapping down and printed a nice inverted hammer on the 2nd 10 minute bar. It looked like it was on its way until 10:28AM or so. Luckily I was stopped out before trading was halted for over two hours. Apparently someone [...] more
It is mostly people who appreciate the uncertainty of our complex world who have worthwhile things to say about the future, writes John Kay more
The editor of the average gold-timing newsletter is more bullish today than he has been in nearly six months. more
Within the carnage of the 2008 IPO market, we have an announcement of a new IPO filing here at the end of the year that will surely generate some interest (maybe curiosity is a better word) as we head into 2009. FriendFinder Networks, formerly Penthouse Media Group (before Penthouse bought the more
It is a quiet ride, except for the rumble of the tracks and the very faint hum of the M25, which passes through Chorleywood in its orbit of London. London commuters consider conversation with strangers to be symptomatic of mental instability. More to the point, passengers are too horrified by tales more