Messages

Forum Index : Investments : Messages
Author: [Investments] Topic: I'm going heavy ...
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#1
Posted: 12/2/2011 3:46:47 PM
While this recent surge in the market scares any bearish minded traders, I've decided to reload on some times 3 inverse ETFs.  Wish me luck.  This is gunna hurt if I'm wrong but I don't buy this easy money for bank to bank lending in Europe.  While the credit crunch may be solved, the overall dynamics of Europe's problems has not changed.  The smart play is stay cash and sit the sidelines but I'm not smart so here I go ticker symbol TZA!!!
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49705
Location: United States
#2
Posted: 12/2/2011 3:55:25 PM
Its a good time, the market went straight up on what news exactly?

Back over 12k with nothing resolved in Europe, manipulated employment figures and the consumer hoarding cheap crap..

This week has been a joke.
quote
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#3
Posted: 12/2/2011 4:01:45 PM
Nothing makes sense anymore.  Especially this recent rally.  I just don't buy it ... maybe I'm wrong ... I don't know but there's no way I can go long in this environment.  So I'm short at these levels.  I'm essentially doubling down here ... next week will test my nerves.
quote
examine send a private message View Space | Friends | Playbook |
examine
Participation Meter
Veteran
Joined: Aug 2011
Posts: 3038
Location:
#4
Posted: 12/4/2011 1:16:35 AM
I like it. I am short spy as of friday late and long gold.
quote
2169 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Las Vegas Hotel and Casino |
2169
Participation Meter
Banned
Joined: Nov 2009
Posts: 10748
Location: Massachusetts
#5
Posted: 12/4/2011 2:07:18 AM
was looking at tza. gl...

looks like its in no-mans land with x-mas looming.
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49705
Location: United States
#6
Posted: 12/5/2011 3:46:45 PM
Markets off the highs but they cant keep it down..bad econ data, possible downgrade of all 17 EU countries, still the markets are green.

quote
bucknuts send a private message View Space | Friends | Playbook |
bucknuts
Participation Meter
Captain
Joined: Oct 2005
Posts: 8035
Location: United States
#7
Posted: 12/5/2011 6:55:16 PM
With all the news out today we should look for a spike Thursday/Fri when they r going to lay out more details of their plan to save EU...even though its been reported today that it will take AT LEAST 18 months to ratify any changes...
One such change was nations having to promise not to criticise ECB..lol
Posted using a mobile device.
quote
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#8
Posted: 12/7/2011 4:19:24 PM
I'm getting a little nervous being short right now ... i feel the break is imminent (up or down).
quote
examine send a private message View Space | Friends | Playbook |
examine
Participation Meter
Veteran
Joined: Aug 2011
Posts: 3038
Location:
#9
Posted: 12/7/2011 9:23:35 PM
I joined in along the day at 27.93$ ( got 550 shares)

At first, I did not know what i was doin and SS (sold the stock short) lol

Then i quickly realized (read up on it) that it was goin the wrong way as I wanted to BUY not sell the tza

still a learning process for me...

The gold guy I follow predicts that 12400 is the max that the DJ will go and that the markets will hit a wall sooner rather then later.

I did see some impressive recent historical quotes for the TZA hope we get to some of these high in the near future and clean up...

Hold on Tight!!!
quote
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#10
Posted: 12/8/2011 11:01:41 AM
Examine - These times three inverse ETFs are generally short-term plays for me.  I usually try to cash out once I hit a 20% gain.  They fluctuate so much, it can get a little scary during these times of uncertainty.  I love the liquidity at 30 million shares traded a day.  Lets just hope the market crashes so I can sleep tight sooner than later!  No worries about the blunders in shorting instead of buying.  As long as you get it right in the end, all is good ... yeah?!  Good luck man!!!
quote
examine send a private message View Space | Friends | Playbook |
examine
Participation Meter
Veteran
Joined: Aug 2011
Posts: 3038
Location:
#11
Posted: 12/9/2011 4:26:31 AM
Your wish was granted...




quote
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#12
Posted: 12/12/2011 3:51:04 PM
Market is up down up down up down like f*cking yo yo.  Hurry up and crash already.  jeezus ...
quote
examine send a private message View Space | Friends | Playbook |
examine
Participation Meter
Veteran
Joined: Aug 2011
Posts: 3038
Location:
#13
Posted: 12/12/2011 5:21:28 PM
i guess tomorrow it goes up...

the thing that frustrated me the most is that gold was moving up and down with stocks for a while now but yet last Friday as US stocks sore, gold traded flat, i guess today could of been worse lol

I am still holding on to that TZA till it hits 36$+
quote
papageorgio send a private message View Space | Friends | Playbook |
papageorgio
Participation Meter
Rookie
Joined: Feb 2005
Posts: 859
Location:
#14
Posted: 12/13/2011 7:01:24 AM
I also am a member in the bear camp but what i see now is  a possible move to 13100ish on the dow if my elliott wave count is correct. this rally is the start of wave 3 of  (c) of Y.  

this market is being propped up big time boy the central bankers/policy makers/ banks. it seems they want to give the market its year end rally but retail buyers are no where to be found and with good reason. you'd have to be crazy to buy in this environment. which leads me to believe if they cant convince retail to buy and sell into they'll use them as a short squeeze up along the way until they cry uncle and go long above previous highs 1st being 12300 and then 12900.  

short term bullish and longer and larger picture VERY  BEARISH. dow 5000 in 2012 and i think the dow may have a great depression type low in few years after 2014or 2016. you can only kick the can down the road so much. 
quote
papageorgio send a private message View Space | Friends | Playbook |
papageorgio
Participation Meter
Rookie
Joined: Feb 2005
Posts: 859
Location:
#15
Posted: 12/13/2011 7:11:46 AM
i wouldnt doubt the fed tomorrow gives the market some juice ie: some loose talk of QE-ing that sends the market moving up with force. 

i've noticed a few stocks that have been very bullish even on the down days "mbi and ago" and those 2 aren't stocks you'd want to own if the market was going down in a bond crisis. also the vix yesterday was trading on another planet market down 200 pts and the vix barely even moved lower.  also we're back at 1.31 euro/usd and this is the area where they seem to be protecting, maybe a lot of pain in the derivatives market if the euro goes lower who knows but the fed will do what it can to help trash the dollar. 
quote
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
Participation Meter
Veteran
Joined: Oct 2009
Posts: 1224
Location: United States
#16
Posted: 12/13/2011 4:49:16 PM
The Euro QE is the one thing I worry about since I'm short.  Since the ECB announced no major bond buying for now, I feel ok but with the market gapping up and down 3/4% at a time, it's still worrisome.  Nasdaq finally broke through that 50 day moving average on heavier volume than yesterday.  I'm hoping this could be the day that sets off the sparks on the short side.  I really need these gaps to be filled sooner than later.  Good luck to you all.
quote
depeche2 send a private message View Space | Blog | Friends | Playbook |
depeche2
Participation Meter
Legend
Joined: Feb 2002
Posts: 67006
Location: Illinois
#17
Posted: 2/20/2012 9:53:16 PM
How'd this end up?
quote
wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
Participation Meter
Covers Linesmen
Joined: Feb 2003
Posts: 49705
Location: United States
#18
Posted: 2/21/2012 3:21:06 PM
13k on the market with oil over 100, unemployment over 8%, Europe in a mess, budget and debt issues galore around the world..

quote
bill702 send a private message View Space | Friends | Playbook | My Sportsbook: WilliamHill.com |
bill702
Participation Meter
Veteran
Joined: Jan 2009
Posts: 2017
Location: Nevada
#19
Posted: 2/21/2012 8:29:16 PM
QUOTE

Originally Posted by examine:

i guess tomorrow it goes up...

the thing that frustrated me the most is that gold was moving up and down with stocks for a while now but yet last Friday as US stocks sore, gold traded flat, i guess today could of been worse lol

I am still holding on to that TZA till it hits 36$+

This was an expensive lesson to learn. Why would you buy and hold a trading device that is virtually designed to go to zero? You were right with shorting it.

quote
PatrickBateman send a private message View Space | Friends | Playbook |
PatrickBateman
Participation Meter
Rookie
Joined: Mar 2007
Posts: 997
Location: Vermont
#20
Posted: 2/23/2012 1:21:36 AM
How do the fees involved with these ETFs work?
quote
bill702 send a private message View Space | Friends | Playbook | My Sportsbook: WilliamHill.com |
bill702
Participation Meter
Veteran
Joined: Jan 2009
Posts: 2017
Location: Nevada
#21
Posted: 2/23/2012 4:57:19 PM
I'm not exactly sure how the fees work, but it can't be that bad. The point is the only way to make money on this is if you expect a sharp turn if the market is flat you're going to definitely lose money as it resets daily. So to buy and hold I would say is extremely dumb maybe for a few days if you expect some horrible news to come out or like the OP said he keeps it for a 20 percent swing either way..The index that it follows could be up 30 percent for the year and you still end up being down 40 percent just pointless.
quote
Rush51 send a private message View Space | Friends | Playbook |
Rush51
Participation Meter
Veteran
Joined: Jan 2005
Posts: 3900
Location: California
#22
Posted: 3/2/2012 9:35:49 PM
why try to outsmart the market..  stick with high-dividend yielding stocks..    Telco & Energy Stocks yield some attractive yields these days..


quote
examine send a private message View Space | Friends | Playbook |
examine
Participation Meter
Veteran
Joined: Aug 2011
Posts: 3038
Location:
#23
Posted: 3/3/2012 12:26:02 PM
QUOTE Originally Posted by bill702:

This was an expensive lesson to learn. Why would you buy and hold a trading device that is virtually designed to go to zero? You were right with shorting it.



Funny. Thats exactly how I feel about the markets.
quote
2169 send a private message View Space | Blog | Friends | Playbook | My Sportsbook: Las Vegas Hotel and Casino |
2169
Participation Meter
Banned
Joined: Nov 2009
Posts: 10748
Location: Massachusetts
#24
Posted: 3/3/2012 1:07:31 PM
i like it now though
quote
Forum Index : Investments : Messages
You have entered the forum as a GUEST. 
You must login/register to post or reply.