Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. SkinnyGoomba

    SkinnyGoomba Senior member

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    Nice deals on European stocks, IMO.
     


  2. Alter

    Alter Senior member

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    DNDN is giving me a migraine. And ARNA too.
     
    Last edited: May 8, 2012


  3. SkinnyGoomba

    SkinnyGoomba Senior member

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    Looks like more blood in the streets today.
     


  4. idfnl

    idfnl Senior member

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    Fucking market
     


  5. SkinnyGoomba

    SkinnyGoomba Senior member

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    Lol, disappointing when both bonds and stocks decline. Only exception that I saw was in German bunds. Pfizer and church and Dwight surprised me with positive gains also.
     


  6. Aeneas

    Aeneas Senior member

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    GLUU is up 7% today. Is anyone participating in the Facebook IPO, (ignore if this has been already asked)
     


  7. javyn

    javyn Senior member

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    Glu's not gonna hold those gains with the market the way it is now. The joys of holding a high beta stock hehe :)
     


  8. Alter

    Alter Senior member

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    Ooooh. ARNA gets a nod from the fda advisory board. In everyone's experience...when is the best time to sell after good news? Right away or give it a couple days?
     


  9. SkinnyGoomba

    SkinnyGoomba Senior member

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    jpm dragging down financials....with exception to wfc for some reason.
     


  10. idfnl

    idfnl Senior member

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    I'd sell. Good chance it goes up but thats a big profit. Dont get greedy.
     


  11. javyn

    javyn Senior member

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    Probably right away, IMO
     


  12. idfnl

    idfnl Senior member

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    Anyone know what exactly the trade was that has JPM eating shit?
     


  13. javyn

    javyn Senior member

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    Nope, Dimon's not telling ROFL.

    "synthetic credit securities" is all we get

    Have a feeling they were playing with Greek credit default swaps and got burned.
     
    Last edited: May 11, 2012


  14. idfnl

    idfnl Senior member

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    No fucking way... greek debt?
     


  15. Hannerhan

    Hannerhan Senior member

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    Best I have heard is that the main culprit was a large short position in CDX IG 9 (which is actually a long credit position, as CDS is inverse), which is an investment grade corporate debt index of CDS contracts. Essentially he got too big and moved his own market, and then things started going against him when the hedge funds got word that he was over-extended and they bought up CDS (sending spreads wider, causing the loss).

    Here is one attempt at an explanation:
    http://blogs.reuters.com/felix-salmon/2012/05/11/chart-of-the-day-the-cdx-na-ig-9-basis/
     


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