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24th January
2009
written by spread bettor

Friday wasn’t that good day for me. At 10:00 I saw the Dow around 7950 2% down even before the start of the trading. But I had to go out and I didn’t want to open a position when I can’t monitor it.

So I called my friend and asked him if he want to join me to put a long bet on the Dow. He said no. He already opened a position on GBP/USD at 13520. It is a good price he said. So I checked and it was 13502. Good I though to myself… but by the time I hung up the phone the price was already 13550 (less than 5 minutes…)

So I put an order to buy at 13520 and left home without open a position on the Dow. That was a mistake and I knew it…

The end? The pound went up and up to 13800 and the Dow jumped to 8100. And I was out… 450 points went a way! The only thing I managed is to catch Barclays at 48p. Now it is 51.2. But I think it has a good chance to bounce back to 80-90. I do hope!

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1 Comment

  1. [...] On Friday I bought shares of Barclays at 48p. Today it turned out to be one of the best buy I ever did. They announced in the morning that they made a profit and they don’t need more money and the share went all the way to 88.70 a 73% gain in one day. Did I took profits? No. No? No. Why? because I think the share has more to gain. I target the 120 price but I know some people who look for the 150-160p. [...]

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