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Thanks for the thought ---- I agree with you --- it's really hard to determine how much (or if all) of the war premium is already priced in . . . the market has moved up quite a bit on news that the war would go forward . . .
On Tue, 18 Mar 2003 20:00:11 -0500 , "Gray, Gabriel" <Gabriel.Gray@xxxxxxxxxxxxxxxxx> wrote:
> Buy rumor sell news. The war premium already seems priced in.
-----Original Message-----
From: The Funkhousers [mailto:funkhouser@xxxxxxxx]
Sent: Tuesday, March 18, 2003 7:57 PM
To: steckel@xxxxxxxxxxxxxxxx
Cc: omega-list@xxxxxxxxxx
Subject: Re: Any comments about establishing long positions for WAR
Remember one of the more valid adages about the markets --- "They will
do whatever is necessary to frustrate and take advantage of the
greatest number of participants."
With that as a guide maybe a short would be better.
Richard Funkhouser
Mike Steckel wrote:
> Anybody have any thoughts about establishing long positions in globex
> and holding until war is announced ????
>
> In January 1991 history shows the S&P gapped up and rallied like 20
> points in the first hour from the previous day's close . . .
>
> (in today's points I would expect like 40 points since S&P trades only
> $250 now per handle)
>
> Mike
> --
> What does an anemometer measure?
> Find out at postmaster.co.uk
>
> http://www.postmaster.co.uk/cgi-bin/meme/quiz.pl?id=200
--
How many satellites does the planet Uranus have? 0, 5 or 15?
Find out at postmaster.co.uk
http://www.postmaster.co.uk/cgi-bin/meme/quiz.pl?id=211
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