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True. At this point the most likely scenario is that they will default the shit out of their bonds. They will demand all kinds of haircuts etc. What happens after that is what is a mystery, they could get kicked out by the EU or not

Now that Syriza won, watch Greek as a buying opportunity if they get out of the EUR and their new currency tanks a lot. Their stock market will be ready to soar for years if that happens. Excellent risk/reward. Quite similar to when countries during the great depression got out of the gold standard

If Syriza wins and Greece walks out of the EUR, I'd be a buyer of greek stocks in any kinda of constructive price action the index puts out. Maybe bet even as high as 15-20%

You can get free futures data with a TDAmeritrade account and trade without data at IB. Not that I would recommend that, not having the software integrated with the data (and TWS tends to be annoying when you try to trade without data) can be a cost on it self

Didn't expect the asset sale too, none of my research indicated they had stuff to sell. WSJ says the whole thing is valued at $200M, what prevents them from selling it all and repaying most of the loan? Rather be out and reasses than to be studborn

Covered the rest at 2.40. hoping for a pop monday to reshort. also this non-core asset sale might bring out some hope. gotta reasses

Locked 1/3 profits at 2.37 avg or so. Holding rest for bellow $2

IB says its a 11% borrow rate plus this is a momo stock, they tank really fast

Will take some partial profits on the way down

Short FXCM 2.80, stop at 3.20. I expect at least $2 prob $1.5. Good risk/reward, I hope im right

They seem quite useful http://iextrading.com/insight/dpeg/

This is not to say that it was easy or that I didnt had periods where I struggled. But what I really like about daytrading is that you can trade like a poker player who only plays with the nuts and not get punished by it. In position trading if you are too strict you might ended missing the 2-3...

I made much more both in % returns and as well as actual dollars in 2013 and in 2014 than I did macro trading. The only shame is that I didn't switch successfully earlier

FXCM popped to $3.7 my $3 likely top for the buyout range was off by a bit but I did missed two trades on this. Shorting at $3 with a cheap shot to the downside (and the upside capped by the still high valuation). Maybe this is a trade in itself (shorting pre-market a stock with shocking news...

I remember reading on IB reports that they had a section in their balance sheet for money owed by customers that they are going after. They might get some of this money back. Does anyone know what is their T&C on this?

what is surprising is that 30% are winning. these odds are better than opening a business. I suspect the number shrinks when you get more data

FXCM got a deal. stock is likely to squeeze pretty hard when it opens. anyone who didn't take profits at $1 is nuts

Sick. I wonder if they leaked out to their wives again

in retrospect maybe it was a short. $3 is likely to be on the top of the buyout range. you would have all the downside of the other scenarios with limited upside except for technical squeezes

Thought about shorting FXCM but I'd be careful here ($3 pre-market). The loss wiped out their shareholder equity but if a savior comes in he will scoop a business that generates $10-$14M a year, that is worth at least $100M. Unless there is fraud I don't think shorting at $3 makes any sense