Welcome To Day-Traders Anonymous (French Depository Fiscal Establishment Edition)
At Bronte nosotros beak a lot about French banks. But nosotros bring non owned whatever of the majors since Hellenic Republic started looking shaky. We used to ain Credit Agricole SA - indeed when nosotros started Bronte it was 1 of our largest positions. But their exposure to Emporiki (the number v banking enterprise inwards Greece) scared me. Indeed I blogged nearly it once.
We bring an guess of their largest possible loss at Emporiki - in addition to it is in all probability a skilful guess - but hi - this is a crisis in addition to its pretty difficult to merchandise that estimate. The principal issues are flora on page seventy of 236 of their results presentation (that is where client assets, client liabilities in addition to other funding needs are presented). Whether the loss inwards Hellenic Republic is 4 billion or 12 billion Euro hardly counts...
Anyway I simply combat the bullet in addition to purchased a ambit inwards Credit Agricole. My trouble organisation partner didn't similar it - indeed he argued strongly against it.
So nosotros sold.
We made a lucre - subsequently commissions - of 412 Euro on the solely twenty-four hr current merchandise Bronte has e'er done.
My nurture is John in addition to I am a twenty-four hr current trader.
Kind of makes you lot experience dirty...
John
We bring an guess of their largest possible loss at Emporiki - in addition to it is in all probability a skilful guess - but hi - this is a crisis in addition to its pretty difficult to merchandise that estimate. The principal issues are flora on page seventy of 236 of their results presentation (that is where client assets, client liabilities in addition to other funding needs are presented). Whether the loss inwards Hellenic Republic is 4 billion or 12 billion Euro hardly counts...
Anyway I simply combat the bullet in addition to purchased a ambit inwards Credit Agricole. My trouble organisation partner didn't similar it - indeed he argued strongly against it.
So nosotros sold.
We made a lucre - subsequently commissions - of 412 Euro on the solely twenty-four hr current merchandise Bronte has e'er done.
My nurture is John in addition to I am a twenty-four hr current trader.
Kind of makes you lot experience dirty...
John
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