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  • #410,661
  • Mar 21, 2011 6:43am Mar 21, 2011 6:43am
Quoting Cluelus
Answer: Then you makea quick 12.5% in 2 days without work
yeah, that's how real money is made. without work/risk. true.
  • #410,662
  • Mar 21, 2011 6:50am Mar 21, 2011 6:50am
Quoting Cluelus
Al ocal bank, but they just happen to be the biggest!
And are you familiar with the company(s) whose shares they are buying? Long story short... "what would you do with this information?"

If it felt good, I would buy it...maybe! Only you can decide how you feel about it. Are they buying and holding? Are they buying something that is about to float and they're going to sell quickly? I have had good luck in the past with State/National run telecom and electricity supply boards that went public. Bought and sold within 72 hours. Cha-ching!

Lots involved. Do your research. But, just because a bank is buying it doesn't make it a winner.
  • #410,663
  • Mar 21, 2011 6:53am Mar 21, 2011 6:53am
short: 41676
tp: 4147
Trade what you see, Not what you think.
  • #410,664
  • Mar 21, 2011 6:55am Mar 21, 2011 6:55am
EUR still in ( Static ) M13 Triangle Pattern Now...
Attached Image (click to enlarge)
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Attached Image
Always looking the GREAT, never left GOOD Point...
  • #410,665
  • Mar 21, 2011 6:57am Mar 21, 2011 6:57am
Quoting Cluelus
This is for OQ, PTL, and any others familiar with trading shares. This past Friday a friend who works for a bank informed me the bank was starting to buy shares for their personal account, not for their investors. My question is what would you do with this information?

Its called a tip. I have heard thousands. Maybe 20 came through. Consider your source, consider the market...well you gota consider alot of things. Tough call. I have traded small illiquid markets, and you hear them all the time. My favorite's used to be somebody knew somebody who was buying for the Russians or the Chinese, or someone. A few times I traded on information that was going on in the cash/spot market, to trade futures. On balance its risky business, thats what I say.
Look Sharp/Trade Tight
  • #410,666
  • Mar 21, 2011 7:00am Mar 21, 2011 7:00am
Quoting sisse
Weak close on H4 kill all momentum down. Stopping me out on M5 after the hourly close if stop at BE doesn't get kill first.

sisse
Enough room and time for this trade. Stops trailed to a couple of ticks above last swing high (m5) and also ysterday close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #410,667
  • Mar 21, 2011 7:01am Mar 21, 2011 7:01am
Quoting kenfen69
And are you familiar with the company(s) whose shares they are buying? Long story short... "what would you do with this information?"

If it felt good, I would buy it...maybe! Only you can decide how you feel about it. Are they buying and holding? Are they buying something that is about to float and they're going to sell quickly? I have had good luck in the past with State/National run telecom and electricity supply boards that went public. Bought and sold within 72 hours. Cha-ching!

Lots involved. Do your research. But, just because a bank...
With the share prices that have fallen world wide because of the Japan story they have now decided to buy I how ever wanted a hit and run so I bought and then sold right away making a net 12.5% in the 2 days. It was the first time that I used the info from this friend and was just trying it out.
  • #410,668
  • Mar 21, 2011 7:03am Mar 21, 2011 7:03am
Quoting Cluelus
Answer: Then you makea quick 12.5% in 2 days without work
making it is the easy part. holding on to it, gets tricky. many will lose 12.5+% here.
those who can, do. those who cant, talk about those who can
  • #410,669
  • Mar 21, 2011 7:05am Mar 21, 2011 7:05am
It would be handy to have a 'Likely Trichy bs effect' indicator.
I believe we could be in for spikes in both directions, but down overall for today, due to s/t overbought conditions.
  • #410,670
  • Mar 21, 2011 7:07am Mar 21, 2011 7:07am
Quoting PayTheLimit
Its called a tip. I have heard thousands. Maybe 20 came through. Consider your source, consider the market...well you gota consider alot of things. Tough call. I have traded small illiquid markets, and you hear them all the time. My favorite's used to be somebody knew somebody who was buying for the Russians or the Chinese, or someone. A few times I traded on information that was going on in the cash/spot market, to trade futures. On balance its risky business, thats what I say.
This friend is a trader for the bank, she regularly passes info on what the bank is going to do it always only concerns local shares, and the info has always been good. This is the first time I have actually made use of the info though. Buy then sell quickly in 2 days made 12.5%.
  • #410,671
  • Mar 21, 2011 7:12am Mar 21, 2011 7:12am
'Existing home sales' data also due out at same time as Tricky speaks so could
add to volatility.
  • #410,672
  • Mar 21, 2011 7:14am Mar 21, 2011 7:14am
Quoting Cluelus
This friend is a trader for the bank, she regularly passes info on what the bank is going to do it always only concerns local shares, and the info has always been good. This is the first time I have actually made use of the info though. Buy then sell quickly in 2 days made 12.5%.

on balance consider youself lucky, my 2 pips...
Look Sharp/Trade Tight
  • #410,673
  • Mar 21, 2011 7:17am Mar 21, 2011 7:17am
To me is going down a bit...
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  • #410,674
  • Mar 21, 2011 7:20am Mar 21, 2011 7:20am
Quoting Il Pres
To me is going down a bit...
Attachment
im not saying no.. but that is a bull flag my friend.. I would wait on breakout to the top side rather then selling the bounce..

  • #410,675
  • Mar 21, 2011 7:26am Mar 21, 2011 7:26am
Quoting Cluelus
I how ever wanted a hit and run so I bought and then sold right away making a net 12.5% in the 2 days. It was the first time that I used the info from this friend and was just trying it out.
Well, that was a fine thing to do with the information!

Only advice if you go again down the road...stay on your toes. Don't be afraid to get out with ANY profit. If people run for the exit (and it can happen FAST!), it will go bid-less...similar to USDJPY last week. Don't look for a top. Hit and run, as you said.

Congrats!
  • #410,676
  • Mar 21, 2011 7:29am Mar 21, 2011 7:29am
Quoting sisse
Enough room and time for this trade. Stops trailed to a couple of ticks above last swing high (m5) and also ysterday close.

sisse


Good time to open short positions ( 4182 ) PA may now move to 4140 levels > there is a big resistance in this area for EU until trichet its almost likely for PA to remain in range "
finding A M S
  • #410,677
  • Mar 21, 2011 7:33am Mar 21, 2011 7:33am
Quoting kenfen69
Well, that was a fine thing to do with the information!

Only advice if you go again down the road...stay on your toes. Don't be afraid to get out with ANY profit. If people run for the exit (and it can happen FAST!), it will go bid-less...similar to USDJPY last week. Don't look for a top. Hit and run, as you said.

Congrats!
I stipulated with the broker I wanted 10% net thats what i got in 2 days, the shares have still gone up by another 7.25% but since this was my first try kepy is small and quick.
BTW thankz
  • #410,678
  • Mar 21, 2011 7:34am Mar 21, 2011 7:34am
Quoting prashant7
Good time to open short positions ( 4182 ) PA may now move to 4140 levels > there is a big resistance in this area for EU until trichet its almost likely for PA to remain in range "
1.4184 was my entry on Frankfurt mate (btw stopped out at 1.4178 on the remaining a few minutes ago). Now as Piters pointed out it looks closer to a bull flag about to break. Although the retrace in 6 hours was so weak that didn't even make it to even H1 support, worse H4 or daily, Shorts are not TA valid anymore (in my case).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #410,679
  • Mar 21, 2011 7:36am Mar 21, 2011 7:36am
If 4187 is the high, then...
4111
4064
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totutu
  • #410,680
  • Mar 21, 2011 7:38am Mar 21, 2011 7:38am
Quoting Cluelus
This is for OQ, PTL, and any others familiar with trading shares. This past Friday a friend who works for a bank informed me the bank was starting to buy shares for their personal account, not for their investors. My question is what would you do with this information?
First, the info is very general. Then, what to do ? Same as you would with any info - examine it in the light of what you can find for yourself : if you like what you see, buy. If not pass. Banks are LT players - they could be buying for the long run - special situations as they call it. Most of all be careful - same precaution as in other markets... so much down and that's it !
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