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I was short this in a simple buy the rumor sell the news strategy The pound had become overvalued in a rally leading up to the vote, so I shorted it on the vot
by gammateam 8y ago
I was short this in a simple buy the rumor sell the news strategy
The pound had become overvalued in a rally leading up to the vote, so I shorted it on the vote being done with
I was at a company dinner with some now defunct startup and someone said “wow the pound is down 10%”
I yelled YES! And the founders asked me if I just quit
- GateCrasher 8y agoIf I remember correctly the odds of brexit where like 48% but the pound was valued for 100% chance of bremain. Don't need to be an hedge fund to see there was a limited risk but big potential gain for this trade.
- gammateam 8y agoor just sell the news. I was only looking for a 1 or 2% move.