I was just looking at a chart, and I was like, I need to cover at "that point in the chart" and just realize that was 5% lower than it's current value.... The stock was there 5 minutes ago.
Thursday, September 18, 2008
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Maybe I'm thinking about this wrong, but this ban on short sales seems to play into the hands of SKF.
This is a huge basket of short positions that will be in very high demand once traders realize that they need to hedge their positions.
The CDS issue still is not resolved, the structural problems are not fixed.
SKF will hit $95 or more by day's end or at opening on Monday. Am I wrong in my premise?
at this moment, all you can do is sell the skf, you can't buy it.
so many realy interesting things going on.
At 12:08 ET I bought some at 92.56. It's sitting in my account as a holding (underwater, but there.)
Hmm... last I knew that was how it was..
I'd still say that wallstreet doesn't want to play. and will wait till october.
I'm still trying to sort all this out.
The difference on a supply and demand.... is that at one point you will run out of buyers. and have more natural sellers, and not short sellers.
If "Markets work" the only difference should be that "price discovery" should take longer.
I heard a story once about how without short selling
The big investors, just used to just suddenly buy the market to push things back up to their liking.
I'm not sure that would work...
How would you sell...
I imagine there are some historical perspectives.
Maybe TDAmeritrade matches buyers of SKF with in-house sellers? I'm speculating.
Natural sellers will come in to take profits after two up days. This should reduce XLF share price from current levels and thereby increase SKF value. No?
I'm interested in hedging my gains and go golfing. I can't figure out waht's going on.
Santelli's opinion: It's a political move and Paulson is trying to trump Congress before the weekend. If Congress doesn't play, Bush can blame them for any drop next week.
Just got some SDS, too!
It's possible all the "hand wringing" is just sour grapes, from missing the move.....
but that is the nature of it, If it was easy to catch bottoms, everyone would do it...
I'm totaly flummixed too. but I say we run till monday.
This has been a super hard week.
SKF sold at 95!
It may base again here, and move higher again... Good eyes
I'm not sure I can buy any more now even if I wanted to.
I might have to play with sds
CD rates are high... will this hurt regional banks? Now they will have to pay higher interest rates on savings accts.
how did you do?
Did okay, but SKF went to 100 and I sold too soon. Story of my trading life. i don't like putting trailing stops on SKF because it trades so thinly that I'm afraid of getting burned, although I never have.
No kidding, you have to use mental stops...and stick to them...
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