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Old Sep 6th, 2011, 04:11 AM   #1
ASusilovic
 
 
Join Date: May 2007
Location: Cayman Islands
Posts: 9,768
bloodbath for shorts...


Swiss CPI -0.3% vs. -0.1% forecast.

SNB sets franc floor at CHF1.20 versus euro

http://www.marketwatch.com/investing...me_latest_news
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Old Sep 6th, 2011, 04:17 AM   #2
ASusilovic
 
 
Join Date: May 2007
Location: Cayman Islands
Posts: 9,768
I see 1200 million BID at 1.2149/1.2161...Ouch. Somebody is getting screwed big time...ay, ay, ay...
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Old Sep 6th, 2011, 04:28 AM   #3
DT-waw
 
 
Join Date: Apr 2001
Posts: 2,226
the game is rigged.
i'm sure some people new about this decision and made tens of millions of euros in 1 hour.

fuck, central banks should be taken out of this planet
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Old Sep 6th, 2011, 04:31 AM   #4
gmst
 
 
Join Date: Jul 2011
Posts: 4,354
DT-waw, seems from your words that you got caught wrong side.

Personally, i lost 5% of my account - i had no position on swisse. This loss came from pure euro position and when i was able to cut it quickly at 1.415 - not knowing why the hell it started to move up so fast....so decided to cut loss.

ASusolvic - where did you see 1.2 bn bid ? which platform did you see that kind of bid ??? Wow!!
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Old Sep 6th, 2011, 04:42 AM   #5
THE-BEAKER
 
 
Join Date: Oct 2006
Location: LONDON
Posts: 1,052
this move is pre empting a greek default.

i think its fairly obvious now.

the swiss have just made one less safe haven to park your money up in.

bi bi trichet
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Old Sep 6th, 2011, 04:49 AM   #6
DT-waw
 
 
Join Date: Apr 2001
Posts: 2,226
i was building large position on EURUSD as it moved down.
got stopped out of 70% of my shorts.
not a disaster, but i wish snb will lose awful amount of money on this operation
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