OH MY... HSY cancels WWY deal!

[theShadow]

The overnight, pair traders on this just got slaughtered if they were long HSY and short WWY.

Millions were lost at Bright Trading when the GE/Honeywell pair trade went bust.

Ouch.

 

[daniel_m]

don't worry, all ya gotta do is add to the pair, right? average them suckers down!

 

[shortseller]

its not all lost, you can trade againts the pairs and improve price and even GE/ hon came back...i know many that trade them in reverse as a form of risk control .... any one out there recomend some good liquid pairs to daytrade ??

 

[Tech Analysis]

Look at the bright side (no pun intended). If any new chart technicians want to see a shining example of a massive island top . . .