On the way ahead
UP! http://safe-trading.blogspot.com/2008/01/coming-next.html. Back on banks and some other blue chips since yesterday. On CAC40, our target is around 5100 pts (following our trading plan), then OUT.
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S.G. par Montaldo (in french)
lundi 28 janvier 2008 par Jean Montaldo La version officielle du PDG de la banque sur son trader isolé et incontrôlé, qui lui aurait fait perdre 4,9 milliards d’euros, ne résiste pas à l’analyse des faits, estime Jean Montaldo, auteur du « Marché aux voleurs » (Albin Michel, 2003). Selon lui, elle masque une crise […]
More on the work of J. Kerviel
J. Kerviel is an arbitragist. Making an arbitrage means that you buy a financial product A at some place and, at the same time, you sell another product B, with similar structure, on the same place or another. The gain/loss is realised on the difference between this two positions. Intuitively, we could think that the […]
EUR/USD
WEEKLY. Make it simple: the first target is the SMA30weekly (1.44) and then, check this level. In case of break down, XEU would be waiting @ 1.35.
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Coming next
If you have followed us on US markets, you have made money on many long/short positions (see previous posts). Time to get out and observe.
If you were inside the european markets too early, you have found on this blog the correct analysis to get out with no pain. Then, just stay aside for the moment.
Probably […]
Let play the Game of J. Kerviel
€50 billions contracts on EUROPEAN stock indices… sold out the worst day: monday 21/01! Note that we had forseen a bottom here (at least temporary):
http://safe-trading.blogspot.com/2008/01/cac40_21.html
==> loss of €5 billions (-10%) on the position of J.K. (as said by S.G.).
As we had anticipated, between 21/01 && 25/01, major indices has raised by ~10%. This would have […]
J. Kerviel / S.G. view
Société Générale’s (S.G.) Damage Control
After Alleged Fraud, French Bank Strives To Save Reputation
By DAVID GAUTHIER-VILLARSJanuary 26, 2008PARIS —
For 72 hours this past week, top executives at Société Générale scrambled to save their company. Now, after a massive fraud that the French bank said cost it €4.9 billion ($7.2 billion), management faces another tough task: […]
Market most important losses
===Jérôme Kerviel US$7.2 billionsFrance Société générale Contrats à terme sur European Index 2008===Brian Hunter US$6.5 billionsCanada Amaranth Advisors Contrats à terme sur gaz 2006===John Meriwether US$4.6 billionsÉtats-Unis Long Term Capital ManagementTaux d’intérêt et produits dérivés sur actions 1998===Yasuo Hamanaka US$2.6 billionsJapon Sumitomo Corporation Contrats à termes sur cuivre 1996====Wolfgang […]
CAC40
CAC40, where do you go? -6.8% today, -15.5% from 1/1/08… I guess the situation is not easy for many investors. Look at long term SMA’s daily, 200/400/600 and check the most probable w.r.t. the past. Can we go to 4000 pts? not probable! What can I get as the most probable low? 4500 pts/4400 pts […]
SPX weekly
Come on SPX, find the strength to overcome the crisis, or the target is 1220 pts!
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