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Let's talk about Brexit

Posted on 6/14/16 at 9:56 am
Posted by NYNolaguy1
Member since May 2011
20892 posts
Posted on 6/14/16 at 9:56 am
Looking for different ideas to play the current scenario, also any ways to insulate myself from any fallout. Any ideas from the Money Board?
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 6/14/16 at 10:17 am to
I don't think its going to happen.
Posted by lynxcat
Member since Jan 2008
24146 posts
Posted on 6/14/16 at 11:20 am to
quote:

Looking for different ideas to play the current scenario, also any ways to insulate myself from any fallout. Any ideas from the Money Board?



Completely overblown on its US impact.

If you want to insulate yourself, then go with companies with a North America focus. Greater European exposure = greater volatility from Brexit.

If you want to get in the weeds...shorting English shipping companies that export most of their goods to the EU could be a short term play.

The reality is even if they split that trade will still occur between the nations in Europe.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 6/14/16 at 11:33 am to
UK's exit will hurt EU far more than UK will be. UK's status as a worldwide finance leader will insulate it more than enough.

Heck the EU located all of their financial regulation entities there for crying out loud. They're the ones who will be really damaged IMO.
Posted by TigerDeBaiter
Member since Dec 2010
10265 posts
Posted on 6/14/16 at 11:39 am to
You're about a week late in shorting the world markets.

Sure, you can pile in the crowd, but it's much riskier now.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37086 posts
Posted on 6/14/16 at 1:03 pm to
The only way I see any impact is if the other EU countries try to blacklist the UK, which I don't see happening, and if it did, all hell would break loose.
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/14/16 at 7:35 pm to
I'd have some powder dry

Those morons on Wall Street haven't priced in a yes vote, and some shite is going to drop like crazy. Be ready to make take advantage
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/14/16 at 8:04 pm to
Whatever, a huge majority of fund managers say brexit won't happen

I like to take advantage of wall street's "certainties"
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/24/16 at 8:34 am to
How are we looking on my prediction? I see a lot of rojo on my ticker
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55294 posts
Posted on 6/24/16 at 8:36 am to
What are you going to buy?
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/24/16 at 8:42 am to
Deutsche Bank for one

I'll add to DAL, COP, GS too

I'll probably sell my VIX
Posted by TigerDeBaiter
Member since Dec 2010
10265 posts
Posted on 6/24/16 at 8:44 am to
quote:

I like to take advantage of wall street's "certainties"


quote:

How are we looking on my prediction? I see a lot of rojo on my ticker


You tell us. What moves did you make?

Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/24/16 at 8:49 am to
I'm going to hold onto the SPXS for a few weeks
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6566 posts
Posted on 6/24/16 at 8:54 am to
I'm confused. This am the Euro, the Dollar and Gold are all up. Dow Jones is down. If this is such a bad thing why is the Euro up and don't gold and the dollar usually trend in opposite directions?
Posted by Hoyt
Alabama: The Beautiful
Member since Aug 2011
5394 posts
Posted on 6/24/16 at 8:54 am to
I just shot my load on Barclays stock
Posted by barry
Location, Location, Location
Member since Aug 2006
50342 posts
Posted on 6/24/16 at 8:56 am to
quote:

don't gold and the dollar usually trend in opposite directions?


yes, but its people trying to protect themselves against their pound exposure.
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6566 posts
Posted on 6/24/16 at 9:02 am to
quote:

yes, but its people trying to protect themselves against their pound exposure.
Isn't the UK one the most financially stable countries in the EU? I would think the Euro would be down the Pound up?
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/24/16 at 9:02 am to
How about you? Any moves?

What about Old Sarge?
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55294 posts
Posted on 6/24/16 at 9:05 am to
What about rbs if it gets to 5.50 or less?
Posted by Porker Face
Eden Isle
Member since Feb 2012
15337 posts
Posted on 6/24/16 at 9:13 am to
I like to look at book value per share and margins for banks
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