Quote from fishing:
i am.. junes volumes still only half of march
Quote from JoshDance:
IQFeed's continuous contract always switches over the day before on globex open, so I have backfilled my continuous contract and have my big picture up with that, but still looking at March for day's view, because I use volume-based charts and the low volume really screws this up. By tomorrow most everyone will be on board the new ship.
Quote from Trvlwanderer:
out half size at 59.50
holding a couple runners for previous targets.
the thought that they will never get paid is why they are taking the reduction,even then i am sure many believe their money is gone,can they turn around and sell there reduced agreement to someone else or do they have to ride it to zeroQuote from JoshDance:
Short of any unsettling news from Greece, any reason to short this? I don't think so. 1am EST will confirm the news, but as of now reports are that 75% to 80% are committed to the debt swap, and they only need 66% to trigger CACs to force 100% to the swap. I think this is basically a done deal.
The larger question may remain of the IMF support due to foreign bondholders not bound by Greek law (one report said 14% of debt). This could block the IMF support and hence the bailout, and hence all hell breaks loose. However, the deadline for this is not until March 20 I think, so there can be plenty of buying and partying in the streets till then.