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Barclays Bk PLC iPath GEMS Index ETN Exp 4th Feb 2038 JEM


Primary Symbol: JEMTF

Barclays PLC is a United Kingdom-based universal bank. The Company supports individuals and small businesses through its consumer banking services, and larger businesses and institutions through its corporate and investment banking services. Its operations include consumer banking and payment services around the United Kingdom, United States and Europe, as well as a global corporate and investment bank. Its divisions include Barclays UK and Barclays International. Barclays UK division includes UK Personal Banking, UK Business Banking and Barclaycard Consumer UK businesses, which are carried on by its UK ring-fenced bank Barclays Bank UK PLC and other entities within the Company. Barclays International division includes corporate and investment bank and consumer, cards and payments businesses, which are operated within its non-ring-fenced bank Barclays Bank PLC and other entities within the Company. Its divisions are supported by its subsidiary, Barclays Execution Services Limited.


OTCPK:JEMTF - Post by User

Post by Canonballon Apr 29, 2009 12:07pm
712 Views
Post# 15952915

Suggest a hedge here...

Suggest a hedge here...I am still holding my BCS position as I have a MAY 7.50 CALL on it ...which will definitely get assigned ...however BCS has had a wonderful 8 week run so I am hedging by buying the SEPT15 PUT which I did today...it may be a good move, or maybe not remains to be seen. 

A few posts back I said BCS was going go and it sure did...way better then I had thought... so I hope people got on that train too.

I also bought a PUT on BMO  the JULY 40 which may or may not work but it may work as a hedge...if the market does pull back ...DOW is about to hit it's 8190 resistence level (currently today at 8171.31), or there abouts...and then pull back to around 7500 the thinking is in the first two weeks of MAY the market will start to weaken.  Based on the SH article "Stealth stock market; sell in MAY and go away?" 


Cheers
  
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