Guess you have never heard of a Dollar Rally . . . Seriously, you really need to stop posting on ET. Whatever Baron is paying you to "post" in between your college classes at Central Florida-U is waaaaaaaaaay too much. Your brainpower is negligible. You have no money management skills whatsoever. No use of stop-losses, no use of technical analysis and you average down one "loser" after another. All this has been documented here on ET with your ridiculous posts. And . . . Your endless watching of talking heads on CNBC and then "re-packaging" what they said. . . for ET has become more than just a BORE. Time to go back to working the "fry-o-la-tor" at Mickey D's my friend.
Nice Mak ! Hey, thats a lot of open positions....What u doing on these boards w/ all those babies open ?
WTF is that? Please tell me how you came up with those share amounts? If that blotter is real why would you be short the Russel? Russel and Naz the two strongest indexes.
Funny that you ask what it is. If you cannot recognize what is in the screenshot from TWS maybe you should start reserving future criticisms until you learn. I would reckon that he is short the ER2 as a hedge against his long positions. His open net P/L is about what the average American makes per year so I think he has made the point he was wanting.
No shit its a hedge... he is mostly long Naz so a proper hedge would be the NQ. Why the Russ?? It is the second strongest index.... why not hedge with ES or YM both much weaker indices. The WTF has to do with the share sizes. And thanks I use IB too.
a) Just because something has 4 letters doesn't mean its a component of the NQ (= Nasdaq 100 = AAPL, RIMM, GOOG, etc.). In fact, the Nasdaq 100 and Russell 2000 are not highly correlated at all. b) I use equal dollar amount position sizing. Hence the share amounts.
ABK AMBAC Fincl and MBIA ratings lowered at S&P (2.30 -0.21) -Update- S&P lowered its financial strength ratings on Ambac Assurance and MBIA Insurance(MBI) to 'AA' from 'AAA' and placed the ratings on CreditWatch with negative implications. The ratings on the holding companies, Ambac Financial Group and MBIA have also been lowered to 'A' and 'A-' from 'AA' and 'AA-', respectively, and placed on CreditWatch with negative implications. The rating actions on the cos reflect belief that these entities will face diminished public finance and structured finance new business flow and declining financial flexibility. In addition, S&P believes continuing deterioration in key areas of the U.S. residential mortgage sector and related CDO structures will place increasing pressure on capital adequacy. The 'AA' financial strength ratings of these companies are supported by currently sound claims paying ability and liquidity levels in our opinion. Resolution of the negative CreditWatch will be dependent on clarification of ultimate potential losses as well as future business prospects, the outcome of strategic business decisions, and potential regulatory developments.
ABK is more than likey gone, but MBI should be able to survive, its runoff business has a least a couple years to go. As far as its effect on the rest of the group, it just means more rightoffs down the road...I would not be long the brokers at all, and there will be further pain for the less savy money centers (C, WB..etc.).