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     jax
Member
Username: jax
Post Number: 1634
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 12:15 pm: | 
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as you know chris i only tade with money i have so no margine calls for me,so i would rather a big fall even know i got mqg .
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chingas
Member
Username: chingas
Post Number: 681
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 12:43 pm: |
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looks like you're still in infront anyway jax, BNB now $12.20, i wonder what tomorrow will bring for them?
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chingas
Member
Username: chingas
Post Number: 682
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 12:46 pm: |
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btw thats the discount rate the fed has cut not interest rates in general. I read yesterday that US interest rate futures show a 54%(i think that was the number, somewhere close anyway) chance of a 1% cut, thats gotta look pretty desperate i would think
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chingas
Member
Username: chingas
Post Number: 683
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 12:48 pm: |
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Also, ridiculously low interest rates was what got them into this mess in the first place, i think at best they are just spreading the problem over a longer period of time/delaying the problem and maybe even setting themselves up for an even bigger problem down the track
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moonfleet101
Member
Username: moonfleet101
Post Number: 569
Registered: 07-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 02:51 pm: |
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My opinion Chris - the FED are going to throw everything at it now. Huge rate cut tomorrow and pump even more money in. The amount of shorters out there is huge, there's going to be a massive amount of covering/closing of shorts, a huge rally and then a massive, massive drop within 2 weeks.
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ecchigaijin
Member
Username: ecchigaijin
Post Number: 765
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 03:06 pm: |
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30s look definitely on the cards for MQG Jax, unless the FED pulls a rabbit out of its hat.
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chingas
Member
Username: chingas
Post Number: 684
Registered: 06-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 03:09 pm: |
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dow futures 240 points down does not look pretty. I'm hoping for that rally moon, certainly need it
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philr
Member
Username: philr
Post Number: 389
Registered: 04-2004Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 03:49 pm: |
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US has a habit of doing the opposite of what's expected.
Phil
** Let blockheads read what blockheads wrote.
Warren Buffett
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jax
Member
Username: jax
Post Number: 1635
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 04:30 pm: |
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yes phil thats one hundred % correct ,it happens 2 or 3 times every week eal will tell you that do lose sleep over it until it happens boys ,look at it this way just get ready to buy your stocks cheap ,get your funds ready .i will make more if mqg goes under 30 then if it hit 55 next week so i wont more falls .
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moonfleet101
Member
Username: moonfleet101
Post Number: 570
Registered: 07-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 05:24 pm: |
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See they've already made a rate cut for the benefit of the banks. More money will be piled into the system and then a 1% cut. That'll all move the market massively but the drops to come after will be huge. We've all got our plans but mine's to try and buy on the low's today, so I can average down these last longs on the FTSE and to jump ship at break even on a rally! We're in a big, big downtrend and this juggernaut isn't going to stop and turn around just yet!
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riskpirate
Member
Username: riskpirate
Post Number: 682
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 06:05 pm: |
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I cannot wait for the interest rate drop to come soon enough.
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moonfleet101
Member
Username: moonfleet101
Post Number: 571
Registered: 07-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 07:52 pm: |
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I need a 200 point rise from now Risk to get out of this sh*te. Transferred some money from one of my bank accounts to shore up the defences. Can ride it down to 4000 with what I've put in at the moment but hope I'm out well before then!!!! lolol. Hope you've got enough reserves Risk, just to ride it out till the cuts because you won't see the effect until after your market's closed tomorrow.
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jax
Member
Username: jax
Post Number: 1636
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 08:06 pm: |
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just dont short .
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moonfleet101
Member
Username: moonfleet101
Post Number: 572
Registered: 07-2007
Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 08:20 pm: |
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No Jax. I couldn't short now, even as a cover. It's gone too far for me. This has been drop after drop and it's just fear that's hitting now. They'll do everything that's needed to stop a complete collapse and even a little sniff of a turn and it's going to be massive it's going to be massive with the shorters closing and covering. Wish they'd hurry up! lolol
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jax
Member
Username: jax
Post Number: 1637
Registered: 07-2007Rating: N/A
Votes: 0
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| | Monday, March 17, 2008 - 08:26 pm: |
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