3 ms·
Right I get what you're saying but this isn't a long term trade, I'm looking to set up a sort of 'jack in the box' trade where if price leaps up or leaps down I
by icu 12y ago
Right I get what you're saying but this isn't a long term trade, I'm looking to set up a sort of 'jack in the box' trade where if price leaps up or leaps down I'll catch the ride and then cash out. I expect this trade will be done in a day.
For example, I remember being in NZ when Air NZ (publicly traded national airline) was in financial trouble and their share price was tanking. As soon as I could I bought up loads of shares on the (correct) assumption that the NZ Government wouldn't let the only national carrier go bust. Sure enough the NZ Government announced a rescue package and I made some good money.
Thankfully I had the good sense to bet on Uncle Sam in 2008 and made a killing in options.
My point is that sometimes politics makes for 'wealth transfer' events in the market.