Conspiracy theory proven August 8, 2006. Class actions?

Discussion in 'Trading' started by Option Trader, Aug 9, 2006.

  1. if u dont mind tellin' us where did u long the mkt?
    and did u have a stop/tgt?
     
    #21     Aug 9, 2006
  2. No stops, wasn't even strategizing a trade (which is what I usually do) just tried to hitch a ride when I saw the thing go flying, then couldn't believe my eyes how quick & efficient that reversal was.

    As an afterthought, I would imagine they just removed the balancing bids to create panic & havoc.
     
    #22     Aug 9, 2006
  3. If you have seen other FED days , you would know that the first move is usually a headfake.

    That was like any other FED day. The real move usually happens 2-3 days later.

    If that first move stuck there would be no thread as another poster echoed.
     
    #23     Aug 9, 2006
  4. Perhaps there should be a list of "practical warnings" in risk disclosure of brokers.
     
    #24     Aug 9, 2006
  5. katesdp

    katesdp

    Did you not buy puts?
     
    #25     Aug 9, 2006
  6. actually the only people that lost out were the ones with bad stops. you had 2 exit points within 10 minutes regardless of which way you were playing. long - exit on the pop, short, exit at the close.

    the ones who lost out got greedy.
     
    #26     Aug 9, 2006
  7. I don't know why you're apologizing for the specialists. I don't think they're your friends.
     
    #27     Aug 9, 2006
  8. All I know is I was short before the announcement and short after the announcement. None of my stops were hit on any position.
     
    #28     Aug 9, 2006
  9. You,ll should know that this market is full or manipulaton by the big boys
    If u r so smart why did,nt you hedge by going 1 long and 1 short.
    Es long ym short or ym long and es short and hen trade acourding to the situtation
     
    #29     Aug 9, 2006
  10. Which raises the question, "Who are our friends in the trading business?".
     
    #30     Aug 9, 2006