“This portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed,” the New York-based company said today in a quarterly securities filing. JPMorgan declined 5.5 percent to $38.50 in extended trading at 5:55 p.m. in New York.
Here is a good one for you gents.
Last night at 12:30 am phone rings. Its my friendly risk manager asking me whats going on with the long position I'm carrying over from yesterday on the HSI thats way way offside?
What #$%&@ position? Had an order in I forgot to cancel! Left early on a hot new date, clearly my mind was somewhere else, and it got taged and then ran 100 points down!! Now waiting for the open to see the damage. Did put an ES hedge on, luckily close to last nights high. But Ouch!!
Amateur hour!!!!!!!
Here is a good one for you gents.
Last night at 12:30 am phone rings. Its my friendly risk manager asking me whats going on with the long position I'm carrying over from yesterday on the HSI thats way way offside?
What #$%&@ position? Had an order in I forgot to cancel! Left early on a hot new date, clearly my mind was somewhere else, and it got taged and then ran 100 points down!! Now waiting for the open to see the damage. Did put an ES hedge on, luckily close to last nights high. But Ouch!!
Amateur hour!!!!!!!
I'm guessing it wasn't the 1 or 2 contracts that i'd be trading!!lol!
Maybe 70 points off the close and your out...
CanOz
The JP Morgan thing should pass today soon enough. It sounds reasonably contained to that company alone. Have no idea what data to expect out of China however.
The Kospi and the STW are sure taken a beating this morning:hammer:...seem the worst of the bunch.
CanOz
The Kospi and the STW are sure taken a beating this morning:hammer:...seem the worst of the bunch.
CanOz
Kospi still heading lower
Nice strong upthrust bar gave a solid short signal @27 minutes after the open.
Find a bottom at 254.20?
CanOz
Lots of China "data" out today.
Fixed Asset Investment, Industrial Production and Retail Sales @ 3:30 Syd/Mel time
You enjoy that!!!!
Surprise!!
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