ES Journal Archive (2006 - 2008)

Mistake: Sold half position at 883.5

 

R2 at 894 may be attainable

 

covered half my position on dinos sale,taking my shorts home for the weekend,to the laundromat

 

http://www.nytimes.com/interactive/2008/10/11/business/20081011_BEAR_MARKETS.html

 

What is this 887.25 crap? The morning memo clearly said 888. What kind of world do I live in that now I can't even trust the memo???

 

Hi elovemer, good to see you. Some of the guys that were in the chat opened a room about 6 months ago. they were nice enough to invite me in.

 

Didn't you get the memo? The pandora box at 888 and higher is saved for the next 2 days.

 

Guys, do you remember 4 point range days? LOL

 

How did you come up with this? My sources tell me it would be near 895-ish. Of course, being an idiot that I am, I completely disregarded it.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2196487" height="600" width="800">
Click to enlarge

 

Higher the climb sharper the fall

I wonder how much money has been made on hedges, we know they are losing on equities, but they must have made a killing with their hedging, where's the info on THAT?! I will never believe they weren't hedged on approach to the DT