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Gunners

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Posted: #1
please tell me you still hold those LEH puts

or
 
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Posted: #2
 
not as many as i used to have.  But i still hold July $45 puts. 
 
I have a spreadsheet ready to go, that has all my bets against financials on it.  I had BSC puts, GS puts, LEH puts, and SKF.  I'm going to see what everything opens at today, and take a look at the "could have been" profit, if I had held everything until today.  It might be a million dollars, fueled mostly by the BSC puts.  right now, I have only my few LEH puts left and some SKF. 
 
Legend
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Posted: #3
congrat's, Gunners
 
enjoy your retirement. you going to buy the Gulfstream or the Boeing BBJ?
 
Legend
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Posted: #4
your gonna make another LOAD on Lehman because THEIR NEXT.
 
they put out the same bullshit "no liquidity problem" statement today that Bear did last week.
 
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Posted: #5
I'm having a hard time deciding whether or not to cash in right here. 
 
the answer to the spreadsheet exercise above was $750K.  Damn, should have pressed the bets!  haha. 
 
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Posted: #6
you own the march 45 puts at what price?

april?
 
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Posted: #7
I had March LEH 45s at around $1.00 - traded at $19 this morning
I had April LEH $50s at around $2.30 - traded at $26 this morning
i had April LEH $55s at around $3.2 - traded at $30 this morning
 
I had April BSC $65 puts at $4.5 - traded at $77 this morning
 
I sold all above for profits, but nothing like it could have been. 
 
The only thing I hold are July LEH $45 puts at $5.6 - traded at $20 this morning.  I still hold.  They are at $16.3 now. 
 
I can't believe the Dow is green right now!
 
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Posted: #8
dow is green b/c the the Fed is now a backstop to prevent disaster which = confidence

are you flat these positions now?
 
Legend
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Posted: #9
dow is green b/c the the Fed is now a backstop to prevent disaster which = confidence
 
SHORT ALL RALLIES esp in the FINANCIALS
 
I think your LEH puts are GOLDEN, gunners.
 
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Posted: #10
rink i agreed

just commenting on what the mood is or was when i wrote that...changes every 5 minutes
 
Legend
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Posted: #11
freeking "Mr Toad's Wild Ride" AGAIN today, KOAJ
 
freeking FRPT has been all OVER the place. open low 1.03. bounce back to 1.42. now 1.21
 
stock is GROSSLY OVERSOLD. do they NOT make MRAP's anymore? I know they are delaying their 10K but THIS is NUTS.
 
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Posted: #12
Agreed Rat...makes no sense on FRPT?


 
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Posted: #13
can someone tell me why MF Global is down 64% today?


 
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Posted: #14
I bought march $25 Puts on LEH today, @ $3.00 when LEH was at $34.  Just sold at $6.30. 
 
 
 
Legend
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Posted: #15
nicely done, gunners
 
BUT I think they go higher. the margin calls are just starting to come out. anyone that bought that early sucker rally is gonna get FUCKED in the ASS!!!
 
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Posted: #16
Koaj,

I read that MF (as noted in the other thread) is in a similar boat as BSC being a clearer and has issues with some investments.

I could have nailed it below 4, I watched the low..

LEH getting nailed again after the bump.  
 
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Posted: #17

March 17 (Bloomberg) -- MF Global Ltd., the largest broker of exchange-traded futures and options, fell as much as 80 percent in New York trading on speculation clients are pulling money and as financial shares dropped to their lowest level in almost five years.

``There are concerns that their commodities prime brokerage group customers are pulling money out,'' said Michael Nasto, senior trader at U.S. Global Investors Inc., which manages $5 billion in San Antonio. ``The customers have concerns about the financial stability of the firm.''

Spokeswoman Diana DeSocio didn't immediately return a call for comment.

MF Global, based in Hamilton, Bermuda, fell $11.85 to $5.50 as of 11:55 a.m. in New York Stock Exchange composite trading, after falling as low as $3.64. The shares are down more than 80 percent this year.

The stock dropped 45 percent over two days last month after one of the company's traders lost $141.5 million on what the company said were unauthorized wheat futures trades. The plunge today came after Bear Stearns Cos. agreed to be acquired by JPMorgan Chase & Co. for $2 a share because a cash shortage threatened to bankrupt the company.

Other brokers also declined today. Interactive Brokers Group Inc., the securities firm that handles about a fifth of options bought and sold in the U.S., fell 26 percent. New York-based derivatives broker GFI Group Inc. fell 41 percent.

 
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Posted: #18
other brokers getting hit with the same rumors of insolvency

ibkr gfig ice nyx oxps
 
Legend
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Posted: #19
MF Global, based in Hamilton, Bermuda
 
sounds like ANOTHER offshore scam.
 
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Posted: #20
Was so worried about taking a chance, now MF over 7 per share.

sub 4 was there for a long time.
 
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Posted: #21
Damn, didn't wait long enough, could have gotten $7.70 on those options!
 
I'm not going to let go of the July $45s just yet.  my price target for LEH is $2.10.  Give them 10 cents credit for having a cooler looking building than Bear Stearns
 
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Posted: #22
correction, $8.40 on the puts.  70 cents in the time it took me to write this
 
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Posted: #23
rink - you domicile in bermuda to avoid taxes

see most insurance companies

wall on MF:

9 minutes ago MF Global says it's well capitalized with $1.4 bln credit - MarketWatch
10 minutes ago MF Global says it has no exposure to subprime mortgages - MarketWatch
11 minutes ago MF Global says counterparty relationships are sound - MarketWatch

 
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Posted: #24
my buddy shorted a lot of LEH at 33 this morning

right now we're below 9/11 levels for LEH

no end in sight

i hope he covers before the close today...but he wont b/c hes a gambler
 
 
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Posted: #25
Gunners
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