I was out for tea -- yes, I am studying in England so they really do such things here -- when Stamp and BFX cratered to $275. What was the sentiment on the floor. There seems to have been a nice little bump up thereafter, but I am getting the impression that people don't feel the bottom is in, yet. Any thoughts?
My solid and firm answer: I don't know.
Thanks man. Yea, it looks like about $2 to $2.5 million in swaps fell off the board in that downdraft. Quite a bit, but not catastrophic like I was hoping (that's the wrong word... but catastrophic enough to be a clear signal). Interesting, interesting, interesting. Thanks man.
Short squeeze next...