Playable bounce coming, or a trap?

[tsptalk]

BTW, that's why I like margin. Not to leverage up the wazoo, but you never get the freeride warnings. And you can be nimble as you want.

I wish they would let you use margin in IRA's, but I guess that can get dangerous.

 

[fedgolfer]

Ah... I see. Yeah, I've received one of those in Vanguard (in my wife's SEP-IRAs). That's almost as bad as waiting around for an IFT

 

[fedgolfer]

Oh, and thanks Tom for the Sentiment Trader stats... they have been on the money. Once I failed to adhere (Jason Goepfort's symetry to re-test of the flash crash warning)... and also for the Gap Down of 2% or more in the futures... that i did take to heart.

 

[Birchtree]

Boys, I'm so far out on margin I needed a life jacket - that's why I bought myself a sacrificial account to help cover any margin calls - so far my luck is holding. Now if this bull starts to stampede again I'll move even further out on margin because the more you have in the bigger the win. A 10% correction I found out will swing my oceanic account to the tune of $500K and I'm still standing with all my assets intact and ready for the next ride higher. The lesson I learned is that I'm graduating to the big time and can handle the pain that comes along with asset growth. I suspect we've seen the bottom at Dow intraday 9774.

 

[fedgolfer]

Awesome, can you buy me a DB9? I always wanted to pull into work like James Bond.

Oh and VIX is under 30, more importantly under the mid-bolly (20 dma).

 

[Bullitt]

I was 2 cents shy of triggering my TNA sell at $50 flat.

Maybe you could unload some at a premium in the AH.