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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (20486)6/2/2009 6:15:29 AM
From: RockyBalboa  Read Replies (1) of 71456
 
Government Motors has a nice shiny ticker now - (OTC)GMGMQ

Btw, the arb worked its magic here. After that I hold only GM futures valued at 25c or so. The calls which I sold with an average of 75c or better, yes -I covered them at the open, at 6c. So I bought GM $1 puts for about 70c and shorted the calls as they recovered, to round out the stuff. That gave me some value of 45c which I could not realise by selling the futures into the market.

I wish GM stock would become borrowable, just once. I would sell on the spot.

On another note they just refuelled the Dollar trade. US dollar tried to recover (a little) so the EUR reached its yesterdays low, but that was soon met with new dollar selling. I guess, thats a good setup for the coming gapsky, like EUR running wild to 1.44
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