ES Journal Archive (2006 - 2008)

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wonderful...i m up 2k in trading tonight...

Only problem is I went long 600 shares of BSC at an average cost of $33 on Friday. My fundamental thesis was that their prime brokerage has value as well as their investment banking / ipo business.

Also their CEO and Chairman both said that their liquidity position was strong.
 
Quote from jagmot:

wonderful...i m up 2k in trading tonight...

Only problem is I went long 600 shares of BSC at an average cost of $33 on Friday. My fundamental thesis was that their prime brokerage has value as well as their investment banking / ipo business.
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31 times 600 is -$18,600, i wonder how they will mark this on your sheets,you now own some jp morgan
 
I feel for him, i was that close to buying a 1000 shares myself.
Sorry for the loss....

Can you imagine all the employees and their losses. Not a happy situation.

Quote from ammo:

31 times 600 is -$18,600, i wonder how they will mark this on your sheets,you now own some jp morgan
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Quote from ammo:

31 times 600 is -$18,600, i wonder how they will mark this on your sheets,you now own some jp morgan
More...

Thanks for the math :)

When I first saw the news I thought they must mean $20 or $22.

Well I guess it could have been worse...I was going to build my position to 1200 shares if the stock got as low as $25.

I'm sure employees have lost 100s if not millions. This is why you never have more than 2% of your networth in a trade.

PS. IB hasn't marked it down yet.
 
Quote from jagmot:

Thanks for the math :)

When I first saw the news I thought they must mean $20 or $22.

Well I guess it could have been worse...I was going to build my position to 1200 shares if the stock got as low as $25.

I'm sure employees have lost 100s if not millions. This is why you never have more than 2% of your networth in a trade.

PS. IB hasn't marked it down yet.
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sorry, wasn't trying to rub,i just don't know how they will adjust your acct, you are long jpm
 
Quote from detective:

How do you know this? You are fear mongering. You have no idea what would have happened without ANOTHER emergency Fed action. No idea. Maybe the market would gap down, is that the end of the world? Oh no, Asia market sells off again, we are going into a Great Depression!!!!!!!!!!!!!
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Hmm - I didn't say I KNEW anything. I said it was my two cents thus my opinion. However, the futures seem to be agreeing with me now wouldn't you say?
 
total collapse happening. stand back here as it could get wild. let things shake out here. tommorrow could rival 1987. i just hope all these brokers don't go broke and run with all m y gains
 
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