September 27, 2008
The Deafening Roar of Silent Bank Runs
Wachovia Slips Amid Speculation Citigroup, Wells Fargo May Bid
“Fears of mounting losses on Wachovia’s $122 billion in option adjustable-rate mortgages helped push the company’s shares down by 64 percent this year.”
The mid-July low is the line in the sand for so many of these financials: $7.80 in WB’s case. (You can’t chart after-hour trades on the $1,800-a-month Bloomberg (wrong, see UPDATE below — at least I don’t know how to in LaunchPad — forcing me to watch time & sales just like in the good old pre-realtime chart, tape-reading days.)
UPDATE: Livia, a kind reader in Hong Kong, wrote with instructions on how to chart after-hours action in Bloomberg’s LaunchPad. Go to the Properties tab of your chart, and then under the Settings tab select “All Sessions” under the Session dropdown (duh).
Here’s the all-sessions chart (5-minute) for WB:
September 30th, 2008 at 12:55 am
You’ve got a Bloomberg terminal at home? Are you finding it worth it versus some of the cheaper solutions?
September 30th, 2008 at 8:07 am
@John: No, I have one at work. You would need to handle some serious money to justify having one at home.
September 30th, 2008 at 11:38 am
Can you talk about how much? Just curious.
What can a Bloomberg do, that an ordinary PC with QuoteTracker or ProphetCharts can not?
September 30th, 2008 at 5:03 pm
@Lawrence: Millions.
The depth and breadth of info/data available is just stunning.
October 2nd, 2008 at 7:31 am
But you can’t chart any trading sessions lasting more than 24h, e.g. the extended session for the S&P500 futures from Sunday night to Tuesday night on GLOBEX, when Monday is a holiday. You don’t get much for $1800/mo.