Discussion in 'Trading' started by Aaron Copland, Sep 8, 2008.
Something going on here.
MER made comments that they could have a large writedown...but they also upgraded them to neutral this morning.
This just happened.
Guess who's calling Paulson right now asking for a little sugar?
ES dropping like a rock to. This sort of happens when we are about to roll contracts alot of selling.
the negative side might be the message that if you mess up, the goverment might save the company but deplete your equity.
I think as far as the equity futures go, this is the best evniorment to roll out of the Sep contract. Volume is picking up in the Dec contract in a big way.
Who in there right mind is going to put on size with the Sep contract expriring next week.
10:59 LEH Lehman Brothers crushed aggressively lower intraday the last few minutes, to break below the $10 mark (9.57 -4.55) -Update- -Technical-
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