SSO (ultra-long S&P) has traded over 17MM shares so far today and the average is 11MM. Take a look at the daily SSO chart over the past year with volume on it and tell me if you see anything interesting
Amazes me how much the bid ask book has 'slimmed' down. I don't recall the bid / ask ever being down so much. 5 depth of less than 1k in certain cases whereas previously we saw just current bid or ask at 1k or more...
this is BULLSHIT. Most know I trade decent size. So I was up 35(full size) es points on the day. I took a tenth of a position short into teh Decision...made 14 points or 1.5 compared to my normal size. Figured I would start scaling in short normal size and got SMOKED for 20 es points. THOSE STUPID MOTHER FUCKERS. I LIKE HOW THEY PLANNED THIS SHIT TO TRY AND WIPE OUT THE SHORTS. I SHOULDN'T REALLY COMPLAIN..BECAUSE AFTER A 200K LOSS I AM STILL UP ON THE DAY. BUT COME ONE, GIVE ME A FUCKING BREAK. I MAKE THE RIGHT CALL ABOUT GS AND THE NO RATE CUT AND THEN THIS SHIT HAPPENS. BULL FUCKING SHIT!
IMO The market has realized and this is how I played it on the dip. If AIG rescue was not going to happen they would have cut.....
We feel you man. I didnt short because for some reason all the paper was buying after the rate decision when everyone else was selling. Confused the hell out of me so I stayed out. Now we know why. They planned this thing out from the get go. Keep the rates the same to pile in the shorts and then 20 minutes later have barclays come in and announce a deal with lehman has been completed. Come on, like that wasnt planned. What do you think they were doing all weekend? Meeting on how to save lehman and then monday lehman isn't saved. It's all planned. They'll never let AIG fail. Just want to come up with a way to screw people who bet against them
When everyone doubted you, you proved your a badass. Congrats on your +80k profit Go buy yourself some foreclosed houses. Even if things get rough, dont worry, the gov. will bail you out. Risk to downside minimal, upside outstanding