this is one hell of a gross-down event
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Replying to @NewRiverInvest
can you explain for me what gross-down means and how you're monitoring it?
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Replying to @LeanSardine @NewRiverInvest
reducing your gross book size i.e. selling your longs and buying back your shorts
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brokers can monitor it directly because they see client positions and flows (and they send out color to their clients) or more indirectly you can observe what's happening to the price of consensus longs and shorts
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Replying to @macrocephalopod @NewRiverInvest
cool that's what i suspected. what does 'color' mean here? also do you know where i can monitor consensus longs/shorts without BB terminal?
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Replying to @LeanSardine @NewRiverInvest
color == qualitative commentary on what dealers are seeing in their flow, e.g. GS had a note earlier today, saying that yesterday was the 4th straight day of degrossing in US stocks
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i'm not that up to speed on where you would monitor consensus longs/shorts as a retail trader, sorry! I think there are some sites that try to track short interest in particular, though not sure about the long side
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Replying to @macrocephalopod @LeanSardine
using the holdings of
$GVIP is not a bad place to start in my opinion0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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