another useless poll: fade the open, or short the open?

Discussion in 'Trading' started by scriabinop23, Aug 1, 2007.

How are you trading what looks like an obvious big down day tommorow?

  1. Yes I'm selling the open or already short. Hope for a crash.

    5 vote(s)
  2. Buying the open. Asia's just nervous we're below support.

    5 vote(s)
  3. Waiting to buy support much lower.

    4 vote(s)
  4. Staying out and/or delta neutral.

    2 vote(s)
  1. here's another prediction thread...

    who's fading the open, who's following momentum and going short.

    i haven't a clue how it goes, but if it goes down further from here (already -15 in s&p futures in asian session), it looks like its going to be gigantic.
  2. jasonjm


    you forgot choice 5

    "im already long and possibly going to have to kiss my own ass goodbye"

  3. heheh...

    this is nuts.

    heng sang down 800 pts (3.75%)
    HHI HK down 5.2%
    Taiwan down 5.4%
    spi (aussie) down 195 (3.2%)

    I was long a bunch of august taiwan calls thru this but was wise enough to get delta neutral and turn it into a synthetic straddle (go short) at open. closed out my short since I captured almost all the 5% move.. My calls are almost paid for 'free'.
  4. If the markets gap 1% lower I'm certain they will continue trending lower for most the day after after a failed 10:30 rebound attempt .

    I have never seen a single instance where the US markets gap down a lot in the morning and then stage a meaningful rebound. Usually it's a done deal. 6 hours of pain.
  5. Nice, those % drops remind me of 1997 Asia Contagion style.
  6. If you can't make up your mind then -

    Fart the open. (fade + short)