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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (5666)6/23/2009 5:08:10 PM
From: RockyBalboa  Respond to of 6370
 
Sick. You can still buy one. Deutsche Bank trading "off highs";

I found this odd. Triched recently stated that there have been enough bailouts. and now this??



To: ggersh who wrote (5666)6/23/2009 5:37:18 PM
From: RockyBalboa  Read Replies (2) | Respond to of 6370
 
Well I have to check with the local treasury again; if ECB was to place one year paper they would drain funds, but why. I rather think they lend to keep rising EUR libor rate in check, enforce their 1% official rate; and also break the momentum in the tightening currency.

Just on monday the local treasurer told me the same thing; ECB placing one-year repos (but not to the tune of 500yards), back then the currency suffered and fell a bít more agains the pound.

There´s a lot of weird stuff going on. Check out MGM afterhours; they glued the stock to 6.30 with a million shares on the bid. The bid must be one of the dark pool bids; trades fill on directedge.



To: ggersh who wrote (5666)6/24/2009 5:45:40 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Something backfired; the fresh funds are promptly used for speculation and the EUR actually rose. There is little demand for dollars, pre-fed and the DX fell under 80 with a smash. I posted some Euros over 1.41, will see how long they stick.

It would have been better if the ECB did some quantitative tightening.

British pound is on steroids... 1.66.