I questioned the same when I got my first statement but that's how they do it post confirms. It's odd but has no effect elsewhere.
Currently short from 214.78 for +79 as I type. Testing 213.80 as we speak. 213.50 is the heavy support. If that's broken we might see 210 in the near future. Hopefully not before atticus cashes his option.
In my amateur opinion atticus, you're safer than safe We'll be seeing high 215s and possibly 216s before we get near 212 as far as I see . . . Still holding longs.
OT, but there is a good bid in EURUSD vol here. I thought I would let you know if any of you use Oanda. The EURUSD 1/13/08 1.4540 no touch is priced at 60/100; sixty pays one hundred USD if not touched. Moronic, but you need to price the box into Sunday at 6pm EDT to get good pricing. 60/100 is better than the prevailing vol seen on superderivatives and bloomberg. I am short a bit of spot as a hedge, but it's a bull-play.
I've been short EUR/USD since last night at 1.4725 and have an ambitious target of 1.4515 I just don't discuss non-crosses here as someone on the other thread freaked out on someone else . . .
We're seeing a nice rally in yen crosse right now. I just placed a target profit for my EUR/JPY longs at 161.30 as that is very near the top of the range. GBP/JPY target is also now in place. Here are my active trades: Long GBP/JPY @ 214.35 Target of 216.55 Long EUR/JPY @ 160.30 Target of 161.30 (just met while typing) Short EUR/USD @ 1.4725 Target of 1.4515 I might be looking to get short EUR/JPY again to play the top portion of this range, but will probably see how it holds for awhile first. EDIT: Maybe I'm being too impatient, but I just watched EUR/JPY test 161.40 and slightly fail. I'm entering an order in now to short at 161.35
Cambist -- keep your TPs shallow. We will likely see some strong equity markets over the next two days.