ES Journal Archive (2011)

Beige Book
June 8, 2011

http://www.federalreserve.gov/fomc/beigebook/2011/20110608/default.htm

 

perfectly good trade, but you bailed on it.

 

I bailed because I wanted to rebuy cheaper at R10.

 

There was your short squeeze

 

short 82; stop 84; limit79

 

Long 82.00. SL 70.00, TP 94.00.

 

based on what?

 

Your short perhaps? You offered no color on your trade, but I will. Expected short-covering on the defeat of the interchange-bill in the Senate and the relative strength in V and MA since the defeat in the Senate.

 

atty, nice trade on that AAPL summer vol fly. nice marks from 26 long. grats.

 

Chop.