"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."
-
http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqIThis smells like textbook
pump and dump.
- There hasn't even been $100 million
traded since this article was released, let alone
purchasedI highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse.
Why haven't I read your thread 3 days ago?
Better late than never, now I just have to wait out couple of weeks before the situation settles down.
Thank you for your common sense approach posts.
Out of curiousity, can you tell what your exit point price was?
Hey Silver... If you are talking about the Crash/Correction 2 days ago... If you follow the instructions on setting up the chart (first page of post... 6 posts down or so)... It looked like this system was calling for Sell at ~$230. Now the catch is... with the mtgox lag... how much your sell order would have been at that point? Since this method seems to get you in late and out late (can't tell the future!). The mtGox issues and lag could have cost serious change but then again probably better then the alternative. Then again, I barely know what I am talking about.
I have a really noob question...
I have seen previous posts by OP like:
1. Long Feb 1st - 3rd = +5%
2. Short Feb 3rd - 7th = +5%
3. Open long Feb 7th ~ unrealized PNL +1%
From my understanding so far, Long = Buy and Short = Sell in simple terms. Though the terms seem to be more advanced in that they indicate to "short" btc via the few markets that allow shorting transactions. Long still seems = buy in both cases. Is my thinking correct?
