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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (22802)9/20/2009 5:43:29 PM
From: RockyBalboa  Respond to of 71479
 
Thanks for the fair warning, on burning sellers, AIG comes to my mind. which doubled after dropping to a new low then doubled again, and nearly again.

Mind you I was trading long the stuff with teeth and claws at 3, at 2.50s and later below 3, and like me there are many others with open interest to sell. The stuff bounced more than 50% and its still the October delivery...(tho I do not really believe it will match the lowballed september settlement price, which was well below 3).

>> Message 25919084

"....the ability to get whipsawed is pretty severe," how true.