nikoschopen
2,824 posts
msg #59926
- Ignore nikoschopen |
2/25/2008 11:57:30 AM
Okay, so you ask how much does 1 point worth for ESH8?
1 point = $50 per contract
Therefore, had I sold short 10 contracts, I would have made more than $3000 for the last two trades that lasted no more than 20 minutes combined.
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johnpaulca
12,036 posts
msg #59927
- Ignore johnpaulca |
2/25/2008 12:21:48 PM
Nice trade Niko...back to your winning ways (<:
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nikoschopen
2,824 posts
msg #59930
- Ignore nikoschopen |
2/25/2008 1:01:08 PM
Thanks. Nice trade on ure part as well.
Cheers!
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nikoschopen
2,824 posts
msg #59931
- Ignore nikoschopen |
2/25/2008 1:22:48 PM
Short ESH8 @ 1356.25 with tight stop
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nikoschopen
2,824 posts
msg #59932
- Ignore nikoschopen |
2/25/2008 1:27:43 PM
Covered @ 1353.50
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nikoschopen
2,824 posts
msg #59933
- Ignore nikoschopen |
2/25/2008 1:38:30 PM
Some developing news from Briefing.com:
Fitch put the ratings on a batch of bond insurers on watch for downgrades, says WSJ, "Bond insurers have had to raise billions of dollars in capital to forestall possible downgrades in their credit ratings as worries about the value of the securities they've insured persist. For mortgage insurers, increasing foreclosures mean those firms are on the hook for covering more mortgages." While Reuters reports the move would pressure ratings for the likes of UBS, Merrill and Citi as well.
This can be comfirmed by massive downgrades by Moody's and Fitch as seen on Dow Jones Newswire.
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nikoschopen
2,824 posts
msg #59934
- Ignore nikoschopen |
2/25/2008 1:40:04 PM
Short ESH8 @ 1351.75
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nikoschopen
2,824 posts
msg #59935
- Ignore nikoschopen |
2/25/2008 1:46:40 PM
Stopped out @ 1354.25
kfa#$#%$^&@!!!
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nikoschopen
2,824 posts
msg #59937
- Ignore nikoschopen |
2/25/2008 2:50:15 PM
Typical buy the rumor, sell the news crap. For those who are relative new to this game, it means "screw this market!".
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nikoschopen
2,824 posts
msg #59938
- Ignore nikoschopen |
2/25/2008 3:13:03 PM
Short ESH8 @ 1364.25
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