Long TMA....

A

athlonmank8

Yes it's a gamble. Using it as a hedge here (last time I go into the weekend without one) @ support for my shorts.

1.22 L.

Think it's oversold and this seems like a nice strangle strategy for the cash market.
 
did the 417,000 limit for what Fannie and Freddie will cover ever get raised? I'm surprised how bad TMA has been getting squeezed given how disciplined their underwriting standards have been. you'd think that a Buffet, a sovereign fund, or somebody would throw them a bone. I think the TMA CEO has a lot of talent but never imagined the credit crunch would get this bad.
 
Nobody 'throws a bone' in business unless it's a cash-flavored bone to themselves. TMA has margin calls it has no way of answering in such a short period of time.

To describe a long position in TMA as a hedge is ridiculous - a hedge would be buying the QQQQs or a quality finance company that has no chance of bankruptcy but has been beaten up.
 
Quote from SchraderTrader:

Nobody 'throws a bone' in business unless it's a cash-flavored bone to themselves. TMA has margin calls it has no way of answering in such a short period of time.

To describe a long position in TMA as a hedge is ridiculous - a hedge would be buying the QQQQs or a quality finance company that has no chance of bankruptcy but has been beaten up.
More...

lol You think I'm that stupid? whatever......

I'm not using the Q's as a fucking hedge . Get your head out of the book dude.



A call maybe? Sure THAT's probably what I should have used. But I wanted a long position
 
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