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Cable Update (GBPUSD)

  • #24,781
  • Aug 15, 2007 2:26pm Aug 15, 2007 2:26pm
Quoting Turtle
You asked for two sub-prime meltdowns this morning, so you only got one.

Not bad though....
Think again...

An affiliate of powerful leveraged buyout firm Kohlberg Kravis Roberts & Co. said Wednesday it will lose about $40 million from selling $5.1 billion in residential mortgages and warned an additional $200 million hit could be coming.KKR Financial Holdings KKR Financial Holdings LLC
KFN

10.37 -4.90 -32.09%

blamed the estimated $40 million loss on "unprecedented disruptions" in the residential mortgage market, which have reverberated from the United States to banks in Europe and Asia.

--> I missed this one this morning. :
  • #24,782
  • Aug 15, 2007 2:30pm Aug 15, 2007 2:30pm
You and me both...looks like a short cable short, come the Asian session.

Closed my shorts for now, will wait until after 5pm, so I don't get hit with triple rollover fees....
  • #24,783
  • Aug 15, 2007 2:32pm Aug 15, 2007 2:32pm
ALL ABOARD!

http://www.genesissurfshop.com/shop/...all-aboard.jpg
Just Trade It
  • #24,784
  • Aug 15, 2007 2:34pm Aug 15, 2007 2:34pm
what the hell is DJI doing now??
BAM BAM BOOM! -bravado
  • #24,785
  • Aug 15, 2007 2:35pm Aug 15, 2007 2:35pm
bravado,I hope you have been cha-ching-ing today
Trade what you see, not what you think.
  • #24,786
  • Aug 15, 2007 2:35pm Aug 15, 2007 2:35pm
Quoting bravado
what the hell is DJI doing now??
showing teeth to 12,900.

FED funding 1 x 2 subprime funds melting
  • #24,787
  • Aug 15, 2007 2:36pm Aug 15, 2007 2:36pm
Quoting karmostaji
bravado,I hope you have been cha-ching-ing today
nooooooooooooooooooooooooooooooo..
BAM BAM BOOM! -bravado
  • #24,788
  • Aug 15, 2007 2:37pm Aug 15, 2007 2:37pm
Quoting cesarnc
showing teeth to 12,900.

FED funding 1 x 2 subprime funds melting
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO....
BAM BAM BOOM! -bravado
  • #24,789
  • Aug 15, 2007 2:37pm Aug 15, 2007 2:37pm
And the bad news still coming

" S&P 500 Falls Into Negative Territory for Year, Dipping Below Last Year's Close of 1,418.30 "
  • #24,790
  • Aug 15, 2007 2:38pm Aug 15, 2007 2:38pm
DOW down -140 points....looks like just a typical last hour for the DOW again....
  • #24,791
  • Aug 15, 2007 2:38pm Aug 15, 2007 2:38pm
Quoting bravado
nooooooooooooooooooooooooooooooo..
I took over the job of CHA-CHINGING today.
Gotta love the swiss
Just Trade It
  • #24,792
  • Aug 15, 2007 2:41pm Aug 15, 2007 2:41pm
Lately all you have to do is be around you computer between 2am-5am and then come back at 3pm (EST)

And you can trade away........
  • #24,793
  • Aug 15, 2007 2:49pm Aug 15, 2007 2:49pm
Quoting cesarnc
And the bad news still coming

" S&P 500 Falls Into Negative Territory for Year, Dipping Below Last Year's Close of 1,418.30 "
Quoting Big Wave Rider
I took over the job of CHA-CHINGING today.
Gotta love the swiss
http://www.forumspile.com/No-Darth_Vader.jpg

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!
BAM BAM BOOM! -bravado
  • #24,794
  • Aug 15, 2007 2:52pm Aug 15, 2007 2:52pm
Who's your daddy?

http://www.world-of-smilies.com/wos_...s/Starwars.gif
Just Trade It
  • #24,795
  • Aug 15, 2007 2:54pm Aug 15, 2007 2:54pm
CNBC Alert (In partnership with cesanc's down for the count subprime score)

(Aug 15) - Dow tumbles, S&P negative in the year as mega investment group Cha-Chin Corp (NYSE CHA -XXXXX<Overload>XXX) reported fails to cha-chin the misery they were calling profit this morning. Companies CEO bravado downgraded to 'subprime trader' status. On press conference he declared ' noooooooooooooooooooooo'.
  • #24,796
  • Aug 15, 2007 3:00pm Aug 15, 2007 3:00pm
The bottom for UJ is around 116.60. If that gets firmly broken (solid hourly candles closed below it) then I am going south with the avalanche.

Now time for a little rant: Why the HELL can't Americans keep their finances straight? When I was in Egypt last month I realized that people either have money to finance something or they don't, and when they don't they DONT FREAKIN COMMIT SUICIDE BY TAKING 30% interest loans! Arrrrrrghhhhh! Why do we have to live in big homes in the city? What's wrong with the country side? Decent real estate prices , lots of trees, fresh milk, healthy women. I HATE merril lynch.

[rant over]

PS: I've shorted USDCHF just now at 1.2183. God save us.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #24,797
  • Edited 3:01pm Aug 15, 2007 3:01pm | Edited 3:01pm
DOW closed at -169.....ouch.....
  • #24,798
  • Aug 15, 2007 3:09pm Aug 15, 2007 3:09pm
Quoting cesarnc
CNBC Alert (In partnership with cesanc's down for the count subprime score)

(Aug 15) - Dow tumbles, S&P negative in the year as mega investment group Cha-Chin Corp (NYSE CHA -XXXXX<Overload>XXX) reported fails to cha-chin the misery they were calling profit this morning. Companies CEO bravado downgraded to 'subprime trader' status. On press conference he declared ' noooooooooooooooooooooo'.
  • #24,799
  • Aug 15, 2007 3:11pm Aug 15, 2007 3:11pm
Quoting Turtle
DOW closed at -169.....ouch.....
Whatta day.... good Lord...

Tomorrow easier? nah... UK retail, Housing data + Philli FED, unemployment + 2 may be 3 subprimes down the hole...

I will consider myself "lucky" if I manage to reach Friday still able to handle a fork and blink one eye.

back later
  • #24,800
  • Aug 15, 2007 3:15pm Aug 15, 2007 3:15pm
Slight retracement happening. I see hope. Maybe some golden hearted investors are thinking it's as oversold as I am? Fingers crossed, I don't want to lose my pippies!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
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