Great little trade - anybody take it?

[teflon142]

I don't come here much anymore, and I'm in a totally different line of work now, so only check on the mkts every now and again. Today I found myself at a bit of a loose end so I logged in to see what was what.

While I was havin' a gander, a fantastic little trade appeared and I wondered if anyone took it?

At about 2:30, Visa spiked hard on the back of a court ruling on debit card fees (no cap, iirc). Visa is (had to look) over 8.5% of the Dow (a ****ty little index if ever there was one), and so obviously that went bid too.

So the trade was dead simple - short DOW long SP500.

Half an hour later the move had retraced and you could cash in.

So, did anybody take it?

 

[teflon142]

Did you?

Or was that 100% guff?

No, I didn't. I don't trade any more.

 

[teflon142]

I appreciate your honesty.

Given your capitualtion then, what credence should we place on your assessment of anyone else's offerings in relation to trading?

Give it is much or little credence as you like x

 

[rsh01]

At what ratio?

 

[teflon142]

At what ratio?

Well, I didn't take it, but my immediate thought was to do it at dollar amounts, which iirc worked out at 8:9

** This was using SPY and DIA. Couldn't be f*****d to think about the futs so just did it this way

 

[PieterSteidelmayer]

Well, I didn't take it, but my immediate thought was to do it at dollar amounts, which iirc worked out at 8:9

Woulda coulda shoulda... blah blah blah

If life were a function of hindsight you'd all be millionaires.

 

[teflon142]

Woulda coulda shoulda... blah blah blah

If life were a function of hindsight you'd all be millionaires.

do you like the trade or not?

 

[NVP]

who cares ?........taxi for this thread ?

 

[asianchamp]

Naa, didn't take that trade bucko...