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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (13770)10/20/2004 2:04:01 PM
From: mishedlo  Read Replies (1) of 116555
 
I have a confirmed fill on those 97.50's for 17
Since I still like the fundamentals of DEC 06 ED I added a future here as I think leading indicators tomorrow should reek.
I took off far more risk than I added back so I am happy with that.

One more pop in euribors tomorrow and I will write some offsetting dec 05 97.50 calls against a dec 05 97.25 call position.

That will also free up some cash should eurodollars go against me now.
I am buying weakness in eurodollars for sure, but not insanely so.

The move from euribors to short sterling worked out very well and moved my timeframe for success all the way out to june and sept of 2006.

Plenty of time for home prices to crash in the UK.

Mish
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