Mon, Sep 15 2008, 14:16 GMT
by Mihai Nichisoiu
Early Friday I dumped a massive long US dollar exposure built against the Swiss franc and the Canadian dollar, for a marginal profit. The positions happened to be of the 'make or break' type, and as the European transacting time began on Friday I sensed the 'make' part might have already been compromised.
I also liquidated today about 70% of a heavy long EUR/GBP exposure (its breakeven point is at 0.8050), this time for a severe drawdown across my accounts.
Published on Mon, Sep 15 2008, 14:20 GMT
Mihai Nichisoiu
| Bucharest, Romania
http://www.mihainichisoiu.com | mihainichisoiu@gmail.com
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