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The Really Useless Thread

  • #14,721
  • Sep 19, 2011 11:17pm Sep 19, 2011 11:17pm
Quoting fxjawn
Look Sharp/Trade Tight
  • #14,722
  • Sep 19, 2011 11:17pm Sep 19, 2011 11:17pm
Quoting OldQuant
Welcome back.
thanks bro, hope youve been well....
Look Sharp/Trade Tight
  • #14,723
  • Sep 19, 2011 11:23pm Sep 19, 2011 11:23pm
Quoting PayTheLimit
I been building a small position while on vacation for a move to the big mofu of 1.1670/1.2595...I intend to have a full line on by the end of the month...

and yes, nice to sleep in your own bed, always...
Nice, nice...and nice!

Would really love some freaky bounces now. Maybe some big cats have some longs stuck somewhere...or just want to load their vessel. A guy can hope.
  • #14,724
  • Sep 19, 2011 11:25pm Sep 19, 2011 11:25pm
Quoting PayTheLimit
thanks bro, hope youve been well....
Week ago tomorrow liquidated half the long Z corn. Exactly 2 bucks up from entry. Put it into an EUR short around 3730 and it's been nothing but a pain in the a$$ since. Made more by getting out of the corn (it's down about 50 cents this week) than in the nuttso currency. But it was a bet that Greece would default tomorrow, and they probably won't, so it's not going to be bugging me much longer.
  • #14,725
  • Sep 19, 2011 11:27pm Sep 19, 2011 11:27pm
Quoting kenfen69
Nice, nice...and nice!

Would really love some freaky bounces now. Maybe some big cats have some longs stuck somewhere...or just want to load their vessel. A guy can hope.
I'm noting 3602, 3573,3516 below...and 3688, 3709 above....
Look Sharp/Trade Tight
  • #14,726
  • Sep 19, 2011 11:30pm Sep 19, 2011 11:30pm
Quoting OldQuant
Week ago tomorrow liquidated half the long Z corn. Exactly 2 bucks up from entry. Put it into an EUR short around 3730 and it's been nothing but a pain in the a$$ since. Made more by getting out of the corn (it's down about 50 cents this week) than in the nuttso currency. But it was a bet that Greece would default tomorrow, and they probably won't, so it's not going to be bugging me much longer.
nice corn play bro...keep those shorts me thinks, Greece is not an issue anymore me thinks, think the ball is in play for bigger fish...
Look Sharp/Trade Tight
  • #14,727
  • Sep 19, 2011 11:36pm Sep 19, 2011 11:36pm
Quoting PayTheLimit
nice corn play bro...keep those shorts me thinks, Greece is not an issue anymore me thinks, think the ball is in play for bigger fish...
You mean this (from Z H just a bit ago, quoting Chinese publications):

"Aggravated by EU's lack of market economy recognition, [China] pull[ed] trading lines with French banks, express concern at the EUR's safety (preferring US Treasuries) and indicate a clear preference for bonds over stocks"
  • #14,728
  • Sep 19, 2011 11:36pm Sep 19, 2011 11:36pm
Quoting PayTheLimit
I'm noting 3602, 3573,3516 below...and 3688, 3709 above....
3708- Pending Order
3688- Pending Order...already there...no shite.
3602- Duh
3577- Close
3518- Close

I have a bunch of other lines, but I'll snap those on a PTL chart.
  • #14,729
  • Sep 19, 2011 11:38pm Sep 19, 2011 11:38pm
Quoting OldQuant
You mean this (from Z H just a bit ago, quoting Chinese publications):

"Aggravated by EU's lack of market economy recognition, [China] pull[ed] trading lines with French banks, express concern at the EUR's safety (preferring US Treasuries) and indicate a clear preference for bonds over stocks"
Whoa...could need a lot of butter to fry that fish. Yowsa!
  • #14,730
  • Sep 19, 2011 11:43pm Sep 19, 2011 11:43pm
Quoting OldQuant
You mean this (from Z H just a bit ago, quoting Chinese publications):

"Aggravated by EU's lack of market economy recognition, [China] pull[ed] trading lines with French banks, express concern at the EUR's safety (preferring US Treasuries) and indicate a clear preference for bonds over stocks"
yea I saw that story, crafty Chinese, dont know what there angle is...
Look Sharp/Trade Tight
  • #14,731
  • Sep 19, 2011 11:47pm Sep 19, 2011 11:47pm
Quoting PayTheLimit
Greece is not an issue anymore
Funniest thing I saw on Greece was the Minister of Tourism (great job, I think) saying Greece's economy was the same size as Colorado's. Yeah, but the difference is, Colorado has two billionaires I can think of off hand (not counting Aspen or Vail), two of the 10 highest per capita income counties in the country, and Greece has six guys who payed tax on over a million EUR in 2009.

And that, Mr. Minister, is the problem, ain't it?

EDIT: Add a few more billionaires: I forgot the Montfort boys, who own the Rockies and kill cows, and the brothers who sold Hot Pockets for 4B.
  • #14,732
  • Sep 19, 2011 11:49pm Sep 19, 2011 11:49pm
Quoting OldQuant
Funniest thing I saw on Greece was the Minister of Tourism (great job, I think) saying Greece's economy was the same size as Colorado's. Yeah, but the difference is, Colorado has two billionaires I can think of off hand (not counting Aspen or Vail), two of the 10 highest per capita income counties in the country, and Greece has six guys who payed tax on over a million EUR in 2009.

And that, Mr. Minister, is the problem, ain't it?
Greece is the modern day Enron, ever look at where the spreads where 10 years ago, the market was lending them money at almost even money with Germany, lol..
Look Sharp/Trade Tight
  • #14,733
  • Sep 19, 2011 11:56pm Sep 19, 2011 11:56pm
moooooooorning
  • #14,734
  • Sep 19, 2011 11:57pm Sep 19, 2011 11:57pm
Quoting Larseg
moooooooorning
nice..
Look Sharp/Trade Tight
  • #14,735
  • Sep 19, 2011 11:58pm Sep 19, 2011 11:58pm
PTL...OQ, was wondering out loud on a couple points earlier after this article came up...

Quoting kenfen69
Greeks to vote on future in eurozone?

As pressure from Greece’s foreign creditors and austerity-weary citizens mounts on the government, Prime Minister George Papandreou is considering calling for a referendum on whether Greece should continue to tackle its debt crisis within the eurozone or by exiting the single currency.
...but didn't hear a peep.

Maybe I just think about really dull stuff, but...either of you got a take on either of these?

Quoting kenfen69
Hard to argue that at this point, really.

Obvious benefits for them if they stay, but...not for many generations now. Losing the passport would be a super-bitch, though. Wonder how that would all play out for Greeks living around the EU at the moment.

Messy, messy.


Quoting kenfen69
Wonder how China would take that news, too? Were they investing in Greece's ports etc...or in the EU's by way of Greece? And...do they really give a shite and are happy to have it all?
  • #14,736
  • Sep 20, 2011 12:05am Sep 20, 2011 12:05am
Quoting Larseg
moooooooorning
Morning!

Must be almost time to head home now, no? Forget exactly when you said it was.
  • #14,737
  • Sep 20, 2011 12:07am Sep 20, 2011 12:07am
Quoting kenfen69
PTL...OQ, was wondering out loud on a couple points earlier after this article came up...



...but didn't hear a peep.

Maybe I just think about really dull stuff, but...either of you got a take on either of these?
yea I saw that, seems like a bit of political jaw boning, for now, could develop into something...infact I think that Greece, long term would be better off going back to the drachma...thing is I dont think Germany would want that, for a variety of reasons...and yes China doesnt care in my view whats going on today, if they are making investments, they are more strategic in nature, and prolly looking 50 yrs down the road...
Look Sharp/Trade Tight
  • #14,738
  • Sep 20, 2011 12:09am Sep 20, 2011 12:09am
Quoting kenfen69
Morning!

Must be almost time to head home now, no? Forget exactly when you said it was.
I am in Italy now,

but will move from Oz in the end of this year

so good, were on NYSE AND DAX all yesterday
  • #14,739
  • Sep 20, 2011 12:12am Sep 20, 2011 12:12am
Quoting PayTheLimit
yea I saw that, seems like a bit of political jaw boning, for now, could develop into something...infact I think that Greece, long term would be better off going back to the drachma...thing is I dont think Germany would want that, for a variety of reasons...and yes China doesnt care in my view whats going on today, if they are making investments, they are more strategic in nature, and prolly looking 50 yrs down the road...
Nice one, mate! Interesting stuff...all around.
  • #14,740
  • Sep 20, 2011 12:13am Sep 20, 2011 12:13am
Quoting Larseg
I am in Italy now,

but will move from Oz in the end of this year

so good, were on NYSE AND DAX all yesterday
Nice mate...exciting times!

Man, that DAX can be a mover!
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