MTL getting killed

If you can't sell for whatever reason, hedge with a synthetic in the options market - its your only hope. Look at Yukos - it went to zero, or pretty close to it once Putin got involved... Russia has a way of doing real well and then completely collapsing all of a sudden.. Look at 1998 for evidence.
 
Quote from JamesJ:

ouch, that hurts,
did you trade the news, or just because of price action?
More...

ya, price action. i've been following it closely the past few days. didn't hear any news on it though. was tempted to get back in all day and scalp it but i knew my head wouldn't be screwed on correctly
 
Same as this Russian hottie who flaked out on me 2 weeks ago.
I get their # and I know they are going to flake out or be trouble of some kind.

Think I will hold onto MTL , see what happens tomorrow , I could play a bounce here but with Putin who knows what's next
 
You didn't know Russia was a giant con?

Guess you don't read the papers.

Mobsters. To the left.

Mobsters. To the right.

Just ask a Russian.

Article the other day about a hedge fund that was run out of the country, lucky to escape with their lives no less the money.

One look at Putin, if you can't tell he's scum, you need glasses
 
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