Search results

Your last two posts just show you have zero understanding on the mechanics of OTC derivatives. Please just stop unless you have further proof that Citi or any other govt sponsored entities are in fact underwater on those derivatives trades with JPM.

GOOD NEWS! :D

Do you have any numbers that support your claim? Maybe JPM is showing a net loss facing Citi/AIG. Maybe they have call in enough collateral to cover potential defaults? Posting gigantic notional exposure on a company's derivatives book is taking things out of context. Some hedge funds can take...

I agree. Most ETers know nothing about OTC derivatives.

what's the news that got the stock down 50% before halting?

Looking forward to it G

LMFAO, maybe they are actually making money?! :eek:

Excellent results!

You can get put options on C, no? I mean you have to pay a bit more, but if you think C is worth NILS....its worth making that trade.

I manage to short SKF before...very similar. If not, go long FAS. There are also options on XLF for leverage. Although, I see FAZ and SKF is more of a vehicle for reversion to the mean type trades.

what's the update AMT?

This would be my thought process: If I'm LONG, I would ask myself: "would I buy at this level? if so, where would I set the stop (or how much would I risk)?" - if the answer is yes, I will move a stop to where it would be as if i enter a new trade. if no, just get out.

He was LONG and he blew up.

The $700 trillion is notional amount, and the PnL get change hands b/w two counterparties. It's a zero sum gain game both side is willing to play. The hedgers who sell risk probably benefited while the speculators that bought risk are all in the craphole (no talent HF managers/badly managed...

AMT, Do you set up limit orders at your target levels once you enter the trade?

so much conviction....

AMT, excellent post on your method. good stuff. nice and simple- that's how i like them.

where is the master stock_trad3r? I see a white candle.....

1. Banks lend against hard assets (houses/cars). 2. Lending divsion is a big division of GE. It was able to mask its losses because it's not a bank and therefore, it is not required to mark-to-market.

Take estimated earnings/price....that would give you equity yield. compare that with investment grade yield. If you get a much higher yield, then stock is relatively cheap.