Surf's Special Situation Journal

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Quote from traderchi128:

You need a defined exit strategy amigo. Guys like you who buy and hold never make any profits. Some call it buy and pray.
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Like W Buffett you mean? :)
 
Surfers, we are going to dump the KCG position here at $3.10 with a .70 gain. analysis and what I am getting back from infoarb is making me nervous to hold------

FLAT and waiting for the next special situation.

surf
 
Quote from marketsurfer:

Surfers, we are going to dump the KCG position here at $3.10 with a .70 gain. analysis and what I am getting back from infoarb is making me nervous to hold------

FLAT and waiting for the next special situation.

surf
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good trade.
 
i don't understand, price drivers didn't see this move coming to the downside? isn't that the whole point of price drivers, they see or anticipate large moves based on news, insiders selling etc etc etc etc? were there no short signals on, say, July 17th?
 
Take a look at Standard Chartered Bank.

The shares puked on news they are being investigated for laundering boat loads of Iranian money by wire stripping between Iran, London & NY.

The bank have owned up to $9m which is a small amount against the totals claimed by the regulators.

Either way, in the long term, I dont see this damaging SC much. A fine maybe. So what?....
 
Quote from Fah Q:

i don't understand, price drivers didn't see this move coming to the downside? isn't that the whole point of price drivers, they see or anticipate large moves based on news, insiders selling etc etc etc etc? were there no short signals on, say, July 17th?
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No, never saw it coming. But we knew long had the odds despite all the negativity. Just look at the flack in this thread.

Obviously, price driver doesn't catch every move all the time. In fact it misses most moves-- but when it fires , there are strong odds of success.
 
Quote from TheBlackHand:

Take a look at Standard Chartered Bank.

The shares puked on news they are being investigated for laundering boat loads of Iranian money by wire stripping between Iran, London & NY.

The bank have owned up to $9m which is a small amount against the totals claimed by the regulators.

Either way, in the long term, I dont see this damaging SC much. A fine maybe. So what?....
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Interesting, thanks! Does it trade as an ADR?
 
No idea. Probably. Although not well known in the US or Europe, it's a massive investment bank - inside the top 50 by size. UK based, but most of its customer base is in the East - old colonial types.
 
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