Fed, Markets and VISA
Published on March 18, 2008
Published on March 18, 2008
I mentioned my “gut feel” that we may see “Buy on Anticipation and Sell on News”. Alright, so markets did fall from 2:15pm till 2:30pm but to rise all the way back up and even higher. Intra-day trades, these days, are not easy and one needs to be very quick in decision making.
Here is how I played the whole speculative scenario:
I liquidated both VIX and SDS calls at the very first reversal candle and booked my 37.9% profit on SDS and break-even on VIX calls. You can find trade details and also may discuss here at the forum.
VISA (V) The largest ever IPO in US will start trading tomorrow. Everyone is “positive” or “bullish” about the stock and net is filled with Newsletters, commentary and everything else about VISA. Amidst strong demand, VISA closed IPO at the top range of valuation. If you are looking for more information check out a good summary by Travis or another fellow blogger Vivek who has put together a fact sheet on VISA.
GS, LEH got through it, Fed cut by 0.75%, The street got what it wanted to hear. What’s next?
Profitable trading, OP