ES Journal Archive (2006 - 2008)

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-34. Merrill floating the rumor that they've merging at $25/share? Fu^king please. $25 on Merrill is a pipe dream. If a deal is announced for MER >$25 then this market is a raging buy.
 
That may be in the process, are you seeing the rise?

Man, bought 1 contract @ 1221.25 when it opened, saw it go up to 1232 and thought "Nah, it's going to go higher" and lost the trade.

Damned if you hold, damned if you exit... woe is me.

I still believe we'll go visit Friday's closing range though...
 
Quote from atticus:

-34. Merrill floating the rumor that they've merging at $25/share? Fu^king please. $25 on Merrill is a pipe dream. If a deal is announced for MER >$25 then this market is a raging buy.
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Logically yes, but if the fed says: you have two choices buy Lehman and assume all its risks, or pay a premium to buy Merrill.
Which would you choose?
 
Quote from atticus:

-34. Merrill floating the rumor that they've merging at $25/share? Fu^king please. $25 on Merrill is a pipe dream. If a deal is announced for MER >$25 then this market is a raging buy.
More...

deal is done at $29. but i dunno if the market is a raging buy. Noone has any idea what's going to happen monday, because i dont think there has ever been a situation where systematic risk was tested in such a way.

A primary dealer going bankrupt..i will probably stay out of it. Will short gs/ms on pre market if they are not already down 5-10%.
 
The fact that es hasn't rallied a tick on this buyout is scary. Course with LEH floating in the wind you would have to be crazy not to be flat or hedged into the weekend. next short maybe at 1220.
 
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