Posts by "qiman"

Thanks for taking the time for that writeup stationdealer, some ineresting ideas to consider!

Indeed, if you are "right" too early, you can enure a lot of pain. This is a manic depressive period in the market, so each day can bring major mood swings and surprises, time to be nimble.

Passion Trader--Very good post! Here is a bit more on the stress tests:

Europes largest banks may give breakdowns of their sovereign-debt holdings when they release stress-test results, according to a document from the Committee of European Banking Supervisors.

European regulators asked the regions biggest banks to publish a list of each lenders gross and net exposure to central and local governments in 30 countries in the region, including Greece, Spain, Ireland, Italy and Portugal, according to a confidential draft template obtained by Bloomberg News.

The stress tests wont include the possibility of sovereign defaults, Dutch Finance Minister Jan Kees de Jager said last week.
http://www.bloomberg.com/news/2010-07-21/eu-banks-may-disclose-holdings-of-sovereign-debt-with-stress-test-results.html

Every opinion that is out there is just a trading idea to be carefully considered, including mine! Even some of the best traders are doing well when they win on 55% of their trades, we are only dealing with Probabilities, not certainties. Most trades lose money because humans have a hard time dealing with so much uncertainty. and do the opposite of what they need to do over and over again--cut losses short decisively, and have the patience to let your winners run. Without this one is doomed.

Well, CL just took a major dive out of the blue, so you may do very well, we will see out the day turns out.