domo Posted June 11, 2008 Posted June 11, 2008 The lack of panic surrounding the latest fall in the markets is "disconcerting" its very hard for the market to bottom when theres a total lack of concern (in general) add to that the worst stuff usually follows stock market massacres. Credit crunch phase II? Black Thursday? Bradford + Bingley Friday . Quote
InternationalRockSuperstar Posted June 11, 2008 Posted June 11, 2008 The lack of panic surrounding the latest fall in the markets is "disconcerting" its very hard for the market to bottom when theres a total lack of concern (in general) add to that the worst stuff usually follows stock market massacres. Credit crunch phase II? Black Thursday? Bradford + Bingley Friday . That's 'cos everyone on this forum pulled out of stocks long ago (except for short selling of course ) Quote
Havoc Posted June 11, 2008 Posted June 11, 2008 If it means that I get to buy a an average house at 3.5 X my (above) average salary at some point in the next 10 years, then let the whole world burn. So sorry for failing to find sympathy. Quote
Guest mSparks Posted June 11, 2008 Posted June 11, 2008 The lack of panic surrounding the latest fall in the markets is "disconcerting" its very hard for the market to bottom when theres a total lack of concern (in general) add to that the worst stuff usually follows stock market massacres. Credit crunch phase II? Black Thursday? Bradford + Bingley Friday . Thats cos its not "disconcerting", its frigging ace. Doubling my money every two weeks. Quote
domo Posted June 11, 2008 Author Posted June 11, 2008 Actually i was taking a lot of schafenfreude in seeing the market tank, i just wanted everyone else to join in. Sorry for sounding so sympahetic Quote
?...! Posted June 11, 2008 Posted June 11, 2008 Who here is not... short on Persimmons? short on A&L? short on B&B? Come June 23rd when Soc Gen offer their next generation of warrants... Who here is not going to short the british high st? short on M&S anyone? It's really not that difficult is it. . Quote
DabHand Posted June 11, 2008 Posted June 11, 2008 In an attempt to be hip and lose all my money l opened a tdswaterhouse account to put my money where my mouth is so to speak, and found a rather limited range of warrants (50 companies to be precise) is this normal or should l head over to the likes of ThinkorSwim?? What broker/platform do people here use for shorting? Quote
mbga9pgf Posted June 11, 2008 Posted June 11, 2008 Who here is not... short on Persimmons? short on A&L? short on B&B? Come June 23rd when Soc Gen offer their next generation of warrants... Who here is not going to short the british high st? short on M&S anyone? It's really not that difficult is it. . Dont get caught out when the shares are suspended though, you are as equall f*cked short as long.... Quote
R K Posted June 11, 2008 Posted June 11, 2008 Dow selling off into the close. Not a healthy sign. Less than 100points away from 12,000 now. 10 minutes to turn it around.......... Quote
refusnik Posted June 11, 2008 Posted June 11, 2008 (edited) The lack of panic surrounding the latest fall in the markets is "disconcerting" its very hard for the market to bottom when theres a total lack of concern (in general) add to that the worst stuff usually follows stock market massacres. Credit crunch phase II? Black Thursday? Bradford + Bingley Friday . Average trader is more concerned about filling up his 4x4 for the weekend then about liquidating positions to protect his employer. Edited June 12, 2008 by refusnik Quote
Far Out Bear Posted June 11, 2008 Posted June 11, 2008 Thats cos its not "disconcerting", its frigging ace. Doubling my money every two weeks. classic ! (be careful though m8, don't get too greedy) Quote
Oh Dear Posted June 11, 2008 Posted June 11, 2008 The previous low was 11,740. Surely it has got to go well below this before it bottoms out, as the outlook is less than rosy compared to the start of the 'credit crunch'. Not today, but soon. Quote
#1 on West side Posted June 11, 2008 Posted June 11, 2008 Dow selling off into the close. Not a healthy sign.Less than 100points away from 12,000 now. 10 minutes to turn it around.......... Not bloody likely. Dropped a solid further 20 since your post. Saved by the bell. Quote
jonpo Posted June 11, 2008 Posted June 11, 2008 (edited) I woke up at 3am in the morning last night in a cold sweat...I can't explain it I just had to get short. bought some SEP08 S&P500 puts at a strike of 1350. should privide me with some entertainment as I see the matrix-like screens quicken and glow crimson with the heat of financial meltdown in the next few months. US is in recession....average decline of US equity market in recession 28%.... thats a nice downside Edited June 11, 2008 by jonpo Quote
Far Out Bear Posted June 11, 2008 Posted June 11, 2008 (edited) I woke up at 3am in the morning last night in a cold sweat...I can't explain it I just had to get short.bought some SEP08 S&P500 puts at a strike of 1350. should privide me with some entertainment as I see the matrix-like screens quicken and glow crimson with the heat of financial meltdown in the next few months. US is in recession....average decline of US equity market in recession 28%.... thats a nice downside yet another genius trader.... disclosed AFTER the fact Edited June 11, 2008 by Far Out Bear Quote
The Masked Tulip Posted June 11, 2008 Posted June 11, 2008 Moneyweek had a good article online a few days ago stating that the May bounce was now over and the next round of market falls was about to begin and would test the lows of earlier this year before heading South. The banks have been first to suffer, they are not recovering and next will be all the shops. Quote
19 year mortgage 8itch Posted June 11, 2008 Posted June 11, 2008 We got flamed for starting "Black" threads so we're ignoring it. Watched pots never boil and all that Quote
Saberu Posted June 11, 2008 Posted June 11, 2008 I'm still waiting for my trading account with Etrade to be opened. The annoying thing is I have hardly any money to play with for shorting Been planning on doing it for 2 weeks but it's taken a while from learning which broker to use to sending off documents etc. Quote
jonpo Posted June 11, 2008 Posted June 11, 2008 yet another genius trader.... disclosed AFTER the fact Date Time Activity Market Period Channel Currency Size Level Stop Type Limit Result 11/06/2008 03:53 Order US SPX 500 1350 Put SEP-08 Web £ 6 60.21 - - - Position opened: AQ6UHYUT Just a little fun come on a couple hundred quid premium nothing crazy.... I wouldn't lie to you guys you know... ok I know it turns out it was nearer 4am and not 3am hey I was half asleep Quote
The Masked Tulip Posted June 11, 2008 Posted June 11, 2008 With the Dow tanking tonight expect to see the FTSE go down below 5700 tomorrow. Quote
Van Posted June 11, 2008 Posted June 11, 2008 The bear market rally petered out beautifully in May, and now new lows are looking inevitable. FTSE @ 5,000 next stop. Quote
jonpo Posted June 11, 2008 Posted June 11, 2008 Just to give people a bit of insight as to why I bought the puts last night I'll show you a handy annotated chart so you can all see why its time to sell sell sell enjoy Quote
crash2006 Posted June 12, 2008 Posted June 12, 2008 The lack of panic surrounding the latest fall in the markets is "disconcerting" its very hard for the market to bottom when theres a total lack of concern (in general) add to that the worst stuff usually follows stock market massacres. Credit crunch phase II? Black Thursday? Bradford + Bingley Friday . so much going on at the moment. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.