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I'm short CHF also, but weren't Blocher and his ilk behind forcing Hildebrand out? What went on with his wife has to be SOP for European power types - I wouldn't think there would be a chance of forcing him out over something like that unless he had lost serious political support.

This doesn't compute. There's nothing asymmetric (from a EURCHF short point of view) about it. If the floor fails, you'll have plenty of time to get in and short EURCHF (say at 1.19) on the way down to 0. On the other hand, you could wake up one morning to find the floor has been raised to 1.25...

Interesting from Krasting ... http://brucekrasting.blogspot.com/2012/04/on-swiss-imf-and-g-20.html Keep an eye on how much Switzerland contributes to extra IMF funding. If the number is a lot more than $12B, look for the IMF criticism of the 1.20 floor to go away (and perhaps a green...

I suppose I alluding to something about VAR, but I'm not smart enough to figure that stuff out. Besides, those VAR measures were the gospel at banks up until the moment they all blew up from it.:p

I take all moves under advisement and decide whether to exit or not. I'm not sure of the value of figuring out the position as a percentage of net worth. Being long EURCHF with 20% of my net worth is a different animal than being long pork bellies with 20% of my net worth, or for that matter...

Short EURCHF?

Especially today.

Long to the hilt. Small downside with the chance of waking up one morning to find you've just made 500-1000 pips.

Jordan declines to comment on raising the floor. EURCHF headed back down.:)

EURCHF getting a pop as the finmin is about to hold a press conference. Don't think any bump in the floor will be announced, it's probably to talk about new rules for the SNB and their families.:)

I agree it's comparing apples and oranges, but thought it was important to get the reasoning of those on the other side of this trade out there, and there is another side. There are some who think 100% of traders are long EURCHF. I'm also curious as to why the article mentions credit lines...

Contrary voice on EURCHF ... http://blogs.wsj.com/marketbeat/2012/04/13/swiss-national-bank-out-of-their-tiny-little-minds/?mod=wsj_share_twitter If EURCHF drops much below 1.20, the SNB doesn't have nearly enough firepower to cancel out the stop-loss orders that could be triggered. They...

More good news for franc shorts. Switzerland is about to become one of the world's unfriendlier places to locate a hedge fund ... http://www.ft.com/intl/cms/s/0/78ef5710-8581-11e1-a394-00144feab49a.html#axzz1rYVoqGAA

Don't know how I missed that one. Yes, this makes no sense. The SNB wants people short the franc. They want speculators thinking it's a one-way bet. It helps their cause. It'd be borderline insane for the SNB to deliberately try to burn them.

EURCHF holding up like a champ as Europe crashes. Sweet (so far).

Big jump (relatively speaking :D ) in the HKD last night. USD/HKD pretty close to the bottom of its band.

Like night follows day ... :D https://twitter.com/#!/zerohedge/status/190155523537108993

Jim O'Neill caused a bit of a flurry (if 9 pips can be called a flurry) in EURCHF, saying the SNB may take the floor up to 1.25 soon, with an ultimate goal even higher. I don't know if I should be pleased with this or worried that Goldman is trying to unload euros.:p...

Long EURCHF at 1.2011. The SNB is lying in wait. I expect a big response by Mother's Day. :cool:

For the love of god, I think you top-ticked TLT yet again. Write on the chalkboard 100 times: "Buy low, sell high."