No way is the easy money there done. THis baby will continue to be volatile and offer great returns for the nimble trader. If it drops below 100, I’ll be edging in again. The financials will continue to be hurt by a lack of liquidity brought on by the dismantling of Lehman, whose assets will be unloaded at firesale prices, thus dropping the value of every other banks books.
Is it the infamous ETF (SKF)
You win!
what’s that?
No way is the easy money there done. THis baby will continue to be volatile and offer great returns for the nimble trader. If it drops below 100, I’ll be edging in again. The financials will continue to be hurt by a lack of liquidity brought on by the dismantling of Lehman, whose assets will be unloaded at firesale prices, thus dropping the value of every other banks books.
Good luck!
Fubsy
SKF, but GS was similar.
Last chance to sell that SKF before AIG gets some govt cheese … futures already reversing.
Fly is fucked
Not to nitpick, but the range was from 118-150, nice whole numbers, not 118.80.
It never actually hit 150, that was a false bid. I was watching it real time. That spike lasted 1 sec.