Shorting Market or Long OIL, is Hoping Katrina gets WORSE and morally Problematic?

fxpeculator · Aug 28, 2005

Shorting Market, shorting insurance companies, or Long OIL, is Hoping Katrina gets WORSE and causes massive damage morally Problematic?

Trend Fader · Aug 28, 2005

Never play news.. once its out its always too late and the risk to reward stinks. The pros build position before news and once the news hits they manage position accordingly.. but to start a new position based of news plays is dangerous.

fxpeculator · Aug 28, 2005

Quote from Trend Fader:

Never play news.. once its out its always too late and the risk to reward stinks.

Who said someone was initiating a short right now or tomorrow, traders knew about this hurricane on Friday.

bestfriend · Aug 28, 2005

Yeah, we knew about it but we didn't know it was going to hit NO with CAT 5 intensity.
My bet is Allah intervenes and the hurricane disappears and reappears over Israel.

fxpeculator · Aug 28, 2005

Quote from bestfriend:

Yeah, we knew about it but we didn't know it was going to hit NO with CAT 5 intensity.
My bet is Allah intervenes and the hurricane disappears and reappears over Israel.

LOL, love the diversity of thought on the board, so refreshing.

The Kin · Aug 28, 2005

Quote from bestfriend:

Yeah, we knew about it but we didn't know it was going to hit NO with CAT 5 intensity.
My bet is Allah intervenes and the hurricane disappears and reappears over Israel.

Gotta clean up my screen now.

newbunch · Aug 28, 2005

Quote from bestfriend:

Yeah, we knew about it but we didn't know it was going to hit NO with CAT 5 intensity.
My bet is Allah intervenes and the hurricane disappears and reappears over Israel.

So what should I be buying and selling? I think I may short the Allah futures and go long some Budda call options.

sellingrich · Aug 28, 2005

Budda call options...that's what got me married.

ang_99 · Aug 28, 2005

Quote from bestfriend:

Yeah, we knew about it but we didn't know it was going to hit NO with CAT 5 intensity.
My bet is Allah intervenes and the hurricane disappears and reappears over Israel.

ROFLAO

MacroEvent · Aug 28, 2005

should have already been short from last weeks market breakdown -- oil was holding highs, inflation speak was brewing, and the price action was negative. if you get in now then scale in and don't try to hit anything out of the park on your first swing.