bmneveu's Account Talk

[bmneveu]

Bought some TNA yesterday afterhours @ 55.22. Pre-market it's currently at 57.20ish. Could sell right now but i'd get a Good Faith Violation. I really need to get a margin account...

Edit: sold a little under half the stack @ 57.20 to avoid the violation.

 

[bmneveu]

Futures are continuing to creep up. If they hold, C & S should pop nicely on the open.

 

[RealMoneyIssues]

Futures are continuing to creep up. If they hold, C & S should pop nicely on the open.

But will they hold...

 

[MaStA]

So no more QE for now and we are still in a holding pattern, but the market goes up...I really do not understand this. So if they announced QE would the market have gone down? I'm beginning to hate the stock market.

 

[bmneveu]

Every fund is up, its a party!

I guess the time to sell for the bears was about 10:10am

 

[Birchtree]

The stock market is my game and over the next couple of my retirement years is going to make my wife and myself stinky rich - and Obama ain't going to get any of it.

 

[bmneveu]

Seasonality suggests the first couple days of September could be higher, and then it's downhill from there. I'll probably take a strong look at going all F sometime next week.

 

[bmneveu]

Holy small cap reversal, Batman!

 

[bmneveu]

Sold TNA @ 58.23. Trading account is at 45.75% YTD. That's practically all cash now. TSP is still 50F/30S/20I. I probably would have IFT'd out if the market reversed before noon instead of just after.

 

[bmneveu]

Lookin' at IFT'ing out today. Probably go G, skip a dip, then try to get back in for a day snipe in a week or 2.

Edit: Today's IFTs are about 5:1 Out:In, just food for thought...

Edit2: The deed is done. From 48F/33S/19I to 100G.

 

[bmneveu]

Got in to TZA @ 14.78 just now. Betting on downside action for September from here, at least for a little while...

 

[MaStA]

Got in to TZA @ 14.78 just now. Betting on downside action for September from here, at least for a little while...

I'm still holding my TZA like an idiot...maybe I should of sold it back when you did for $17.00. I've lost a bit of money on this trade and I'm still holding waiting for that pullback people have been talking about for a couple weeks that never happened. Now they are talking QE3 again and if that happens then the market will soar even higher? I'd rather be sitting in cash than be in this news driven mess...

 

[bmneveu]

I'm still holding my TZA like an idiot...maybe I should of sold it back when you did for $17.00. I've lost a bit of money on this trade and I'm still holding waiting for that pullback people have been talking about for a couple weeks that never happened. Now they are talking QE3 again and if that happens then the market will soar even higher? I'd rather be sitting in cash than be in this news driven mess...

Buy Low, Sell High. I have to remind myself occasionally. We are at highs not seen in years on some indexes. Not a bad time to be short if you ask me!

 

[MaStA]

Buy Low, Sell High. I have to remind myself occasionally. We are at highs not seen in years on some indexes. Not a bad time to be short if you ask me!

Don't get me wrong it is definitely a buy low time, but when I bought in it seemed like a buy low time as well...I'm probably not going to make anything off of this trade unless the market drops out so I'm going to have to make a decision to sell after we do get a pullback regardless of where it is so I can hopefully recoup my losses from a TNA trade. We shall see...

 

[bmneveu]

Looking at TZA (3x bear small cap ETF) over the last 6 months or so, we appear to be breaking down out of a big head and shoulders set up. If this is the fakeout followed by the blast off, not only would it be a great buying opportunity right now for TZA, but also spells disaster for those that are long small caps. I'm very new to analysis so help me out here if you'd like, haha

 

[RealMoneyIssues]

Looking at TZA (3x bear small cap ETF) over the last 6 months or so, we appear to be breaking down out of a big head and shoulders set up. If this is the fakeout followed by the blast off, not only would it be a great buying opportunity right now for TZA, but also spells disaster for those that are long small caps. I'm very new to analysis so help me out here if you'd like, haha

View attachment 20271

Shoulder line should angle up, but this one doesn't look like it is...

Head and Shoulders

 

[bmneveu]

Bought some TZA (bearish/short ETF). Might buy more in the morning. I feel like our heads are hitting the ceiling, but the floor is 10 feet under us... know what I mean?

 

[MaStA]

I sure hope so...my TZA that I've been holding for a while is hurting. I'm going with J's next move out though even at a loss. Time to get back on track even if it takes TNA to get me my money back from TZA.

 

[bmneveu]

AGG steadily climbed back up all afternoon after the the fed announcement. I wonder what that means for stocks tomorrow, if anything?

 

[bmneveu]

Thinking about adding shorts at these lofty levels. Is that crazy of me?