Short DAX at 7740

Quote from ASusilovic:

Sometimes it´s worthwhile to take a look at underlyings...especially weekly Chart...:)
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O still don't see anything worthwhile, what I did see the other day is Hang Seng potentially shedding 20% in the near future, now THAT will bring down all markets surely.
 
Quote from RedDuke:

Hi Younouss,

What stops do you use? It went down a lot (in my book) after you went long at 57.

Thanks,
redduke
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my stops are both technical S&R and financial. Usually i use 100/150 pts stops on fdax depending on volatility.

I can hedge with a €stoxx or with Fdax March 08 to reduce the loss.
 
Quote from younouss:

my stops are both technical S&R and financial. Usually i use 100/150 pts stops on fdax depending on volatility.

I can hedge with a €stoxx or with Fdax March 08 to reduce the loss.
More...

Wow, I usually never have stops more then 5 points on dax.
 
News from our friendly neighbourhood investmentbank Goldman Sachs :

German economic gazette "Handelsblatt" reporting GS cut German stock market to "neutral". Thanx to our !! LONDON !! GS strategist Peter Oppenheimer citing "risks for the DAX"...

Also some very intelligent comments from a Dresdner Kleinwort Wasserstein ANALyst:
20 % earnings growth for German companies shall come down to 10 % in 2008. Based on the scenario this years "fair value" of the DAX stated as 8100 should be near 7500 in 2008.

Hum, good to know that we´re only 160 points from fair value away. Cash DAX close 7667.03...
 
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