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Message
Goldman Sachs NO LONGER ACCEPTING stop loss orders on Mexican Peso! (MAGA!)
Posted on 11/8/16 at 1:52 pm
Posted on 11/8/16 at 1:52 pm
I have not heard of Goldman doing something like this except under extraordinary circumstances . . . i.e., an anticipated Trump win.
quote:BTW, Cavuto reported the same thing re: Goldman Sachs not accepting stop loss orders on the Peso
Goldman Sachs not accepting stop loss orders on Mexican Peso (MXN)- Livesquawk
By Ryan Littlestone
Tue 8 Nov 2016 17:02:22 GMT
Livesquawk picking up some trader chatter
Apparently from a Goldies client. Unconfirmed but doing the rounds.
That's a sharp warning to all you folks trading over the election. Banks like Goldman's are feeding our liquidity, if they make changes at the top, it's likely to feed down the line to our broker liquidity providers.
The Peso has been gaining as the market leans towards Clinton.
LINK
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Posted on 11/8/16 at 1:53 pm to NC_Tigah
This may be the biggest news of the day so far...
Posted on 11/8/16 at 1:53 pm to NC_Tigah
If Goldman Sachs is not doing it, that means that Hillary isn't as well...
This post was edited on 11/8/16 at 1:54 pm
Posted on 11/8/16 at 1:53 pm to NC_Tigah
All it represents is uncertainty
Posted on 11/8/16 at 1:54 pm to NC_Tigah
quote:
Livesquawk picking up some trader chatter
Apparently from a Goldies client. Unconfirmed but doing the rounds.
That's a sharp warning to all you folks trading over the election. Banks like Goldman's are feeding our liquidity, if they make changes at the top, it's likely to feed down the line to our broker liquidity providers.
Can we get a translation for those who don't speak wallstreet-ese?
Posted on 11/8/16 at 1:54 pm to NC_Tigah
Whooptydoo. But what does it all mean Basil?”
Posted on 11/8/16 at 1:54 pm to NC_Tigah
Not say, but Germans..
Posted on 11/8/16 at 1:54 pm to NC_Tigah
Doesn't that chat show the peso getting stronger vs USD?
Posted on 11/8/16 at 1:54 pm to NC_Tigah
Translation: we re not going to MAGA
Posted on 11/8/16 at 1:54 pm to Deuces
they know they have to pay for that wall.... 
Posted on 11/8/16 at 1:54 pm to Hugo Stiglitz
quote:
All it represents is uncertainty
don't bring your fricking common sense here
Posted on 11/8/16 at 1:54 pm to UGATiger26
quote:
Can we get a translation for those who don't speak wallstreet-ese?
What he said
Posted on 11/8/16 at 1:54 pm to LanierSpots
quote:
What he said
Posted on 11/8/16 at 1:55 pm to NC_Tigah
This means that Goldman is refusing to accept a stop loss order (i.e. a trade executed when the peso falls below a certain amount), which is likely to happen if TRUMP wins or has a better than expected showing later this afternoon.
Posted on 11/8/16 at 1:56 pm to TakingStock
quote:Certainly could be an early peek into the exit poll results. The timing seems to coincide exactly.
This may be the biggest news of the day so far...
Posted on 11/8/16 at 1:56 pm to I Love Bama
quote:Yes, as the MSM keeps telling everyone that Hillary will win.
Doesn't that chat show the peso getting stronger vs USD?
Posted on 11/8/16 at 1:57 pm to TakingStock
quote:Correct!
This means that Goldman is refusing to accept a stop loss order (i.e. a trade executed when the peso falls below a certain amount), which is likely to happen if TRUMP wins or has a better than expected showing later this afternoon.
Hence the "(MAGA!)" OP title
Posted on 11/8/16 at 2:04 pm to NC_Tigah
It could only be positive. BTW, the market has given up half of its daily high too.
Posted on 11/8/16 at 2:05 pm to UGATiger26
maybe someone else has replied or can answer better but a Stop-Loss Order for a LONG investor (someone that bets the value will increase) enacts a sell at a certain price point.
They're kinda like an insurance policy so you only take a certain amount of loss.
If my guess is correct a lot of shorts would have been put in yesterday as the market peaked expecting a Brexit like crash on Wed.
By eliminating the stop loss orders the return on the short contracts could be exponentially greater the further the market crashes after the election, then there's a buying cycle and the market etches back to pre-election levels.
it's raining money.
They're kinda like an insurance policy so you only take a certain amount of loss.
If my guess is correct a lot of shorts would have been put in yesterday as the market peaked expecting a Brexit like crash on Wed.
By eliminating the stop loss orders the return on the short contracts could be exponentially greater the further the market crashes after the election, then there's a buying cycle and the market etches back to pre-election levels.
it's raining money.
Posted on 11/8/16 at 2:05 pm to NC_Tigah
Earlier when the Dow Jones was up 140 points the CNBC talking heads were attributing it to Hillary's ascendancy to the throne.
Now the DJ is up only 68 points. I wonder what happened?
Now the DJ is up only 68 points. I wonder what happened?
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