RealMoneyIssues' Account Talk

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RealMoneyIssues said:
Alrighty...

Broad question:
Who are the Bulls and who are the Bears??? (no Chicago comments please)

I mean, when I read, listen, or watch commentators they always make the comment that the "Bulls couldn't do..." and that the "Bears weren't strong enough to do...", et al.

So, again, who are the Bulls and who are the Bears???

Institutional investors? Warren Buffett?
Click to expand...

I know for a fact that birchtree is a perpetual bull.:laugh: As far as investors and financial experts I think those guys have changing opinions based on many different factors. Birch tends to post articles from the "market oracle".com so I guess those guys over there are bullish leaning. I tend to get my articles from surprise CNN as they quote big name players and also bloomberg as they tend to have a good handle on reality. The word I've been hearing is that from now on out things are probably gonna be bearish, or pretty unstable. Several factors, the Eurozone PIIGS rearing their ugly heads, end of QE2, and political instability over there AND over here. I make my decisions on those basis. However in the short term I do believe we'll see the market start winding back up here pretty soon.....at least temporarily. My motto is what goes up must come back down and visa versa, :D So I guess to come back around full circle, birch might be right, in the short term that is and I mean really short term hehe....
 
Afishegg said:
I know for a fact that birchtree is a perpetual bull.:laugh: As far as investors and financial experts I think those guys have changing opinions based on many different factors. Birch tends to post articles from the "market oracle".com so I guess those guys over there are bullish leaning. I tend to get my articles from surprise CNN as they quote big name players and also bloomberg as they tend to have a good handle on reality. The word I've been hearing is that from now on out things are probably gonna be bearish, or pretty unstable. Several factors, the Eurozone PIIGS rearing their ugly heads, end of QE2, and political instability over there AND over here. I make my decisions on those basis. However in the short term I do believe we'll see the market start winding back up here pretty soon.....at least temporarily. My motto is what goes up must come back down and visa versa, :D So I guess to come back around full circle, birch might be right, in the short term that is and I mean really short term hehe....
Click to expand...

I have a bear head and a bull azz.:)
 
RealMoneyIssues said:
bought a small (very small) chunk of TNA at 77.66 right at the close of the market. My thought is that even if the market goes down a little more, it is about the move up and I will watch as the TNA goes up; then decide on a stop (thinking about 80 right now).
Click to expand...

Well, my stop was hit at 80 and sold for a 2.4% upswing (after costs) so I guess it wasn't too bad just wish I had more to use for a larger profit...

Still trying to figure out this settlement thing (is it only ETFs)?
 
My stop on SIRI was hit at 2.40 so half my shares were sold (for 112% gain from Aug 2010 buy) which gave me some spending money.

On a whim, I bought TZA at 36.57 towards the end of the day. Not a lot of shares, but I was thinking the small caps would start heading down towards the holiday week-end on so-so financial news and low volume. Looking at the futures in Asia, the Nikkei is up 1% so who knows. I will take a look at it tomorrow and see what happens. Maybe this will turn into a long short hold...

RealMoneyIssues said:
Alrighty...

Broad question:
Who are the Bulls and who are the Bears??? (no Chicago comments please)

I mean, when I read, listen, or watch commentators they always make the comment that the "Bulls couldn't do..." and that the "Bears weren't strong enough to do...", et al.

So, again, who are the Bulls and who are the Bears???

Institutional investors? Warren Buffett?
Click to expand...
Any answers?
 
Last edited:
Your SIRI put in a nice 2.42 double top, an excellent place to take a breather, gather some profits and wait. My last 2.12 exit doesn't look like I'll get the lower re-entry.

View attachment 11145
 
JTH said:
Your SIRI put in a nice 2.42 double top, an excellent place to take a breather, gather some profits and wait. My last 2.12 exit doesn't look like I'll get the lower re-entry.
Click to expand...

After missing the first pop to 2.40+ since my stop was at 2.50, I am glad it ran back up when I lowered my stop to 2.40 (almost solely based on the fact that if it made it one, I can do it again... oh, and greed); especially since it went down fast after that first peak.

Anyway, I will wait until it hits 2.40 again to liquidate my holdings and further move toward consolidating to index ETF swing trading.
 
RealMoneyIssues said:
After missing the first pop to 2.40+ since my stop was at 2.50, I am glad it ran back up when I lowered my stop to 2.40 (almost solely based on the fact that if it made it one, I can do it again... oh, and greed); especially since it went down fast after that first peak.

Anyway, I will wait until it hits 2.40 again to liquidate my holdings and further move toward consolidating to index ETF swing trading.
Click to expand...

So, SIRI popped again to 2.40 (gain of about 60%) and now I wait for a good place to jump back into an index ETF.
 
Hey RMI - A couple ETFs I'm into right now are URA (uranium) and JEF (Japan Equity Fund). Both took a major dump back in March, and appear to have a lot of short to intermediate term upside. I'm also intrigued by iShares ETFs for South Africa and Australia, but I'm probably a little late to the party.

Of course, I'm a complete noob, so take what I say with a grain of salt.
 
Mista Magee said:
By all means, keep us posted on which index ETF you jump into.
Click to expand...

Sensei said:
Hey RMI - A couple ETFs I'm into right now are URA (uranium) and JEF (Japan Equity Fund). Both took a major dump back in March, and appear to have a lot of short to intermediate term upside. I'm also intrigued by iShares ETFs for South Africa and Australia, but I'm probably a little late to the party.

Of course, I'm a complete noob, so take what I say with a grain of salt.
Click to expand...

I am looking at broader US market ETFs like TNA/TZA(3x) SSO/SDS(2x) and UPRO/SPXU(3x) vice going into specific commodity or international ETFs. I am not comfortable with the international markets, due to the fact that I don't truly understand them and the USD variations (I understand international emerging market growth is much higher than US growth). As far as commodities, I am uncomfortable with their large variations (some caused by USD, some by sentiment (aka futures)) to deal with those ETFs.

I am feeling (I know emotional trading, not technical) that I want to stay with broader market ETFs for now while I learn but might move into specific market ETFs once I know what the heck I am doing.

At this point, I am 50% into TZA only needing for it to go up $1 to break even. With that said, I am trying to figure out how to deal with the settlement time when switching between a long and a short ETF without breaking any settlement rules. I don't know if I should only keep 50% in play, allowing for a quick swap; or I can keep 100% in play as long as I hold my position for at least 3 days... I think the latter more than the former... still learning :)

I think that made sense... thanks for stopping by y'all.
 
RealMoneyIssues said:
So, SIRI popped again to 2.40 (gain of about 60%) and now I wait for a good place to jump back into an index ETF.
Click to expand...

Well, I bought TZA as it went down and sold it all today near closing (missed the 1% spike at the end of the day) for a 4.87% gain in 4 trading days (75% bought yesterday).

I couldn't use most of it due to settlement, but I did grab a small amount of TNA to see how tomorrow goes. Still trying to figure out what my target is, but I guess I'll have to see where the market goes (and if I get anymore settlement money available to trade).

I am smiling about this trade, mainly because if I looked an my other holdings I would cry... Citi was a big loser today shedding over 3.5% :(
 
RealMoneyIssues said:
...but I did grab a small amount of TNA to see how tomorrow goes. Still trying to figure out what my target is, but I guess I'll have to see where the market goes (and if I get anymore settlement money available to trade).
Click to expand...

I added to TNA on it's way down, but since the markets have kept going down at this point I just hope to break even (@77.86). Today's market seemed to make a move up, but it really has been flat so all I can do at this point is hope that there is another rally tomorrow in reaction to the Fed news conference later this afternoon. I had considered buying some TZA to hedge my losses in TNA, but wasn't willing to put all of my available cash into the market at this point.

Citi is killing me and I wish I had tossed it when it broke even on the way down. Again, another reason why I should just leave individual stocks alone.

Well, let's see where this market takes us and figure it out from there...

Good Luck Everyone !!
 
RealMoneyIssues said:
I added to TNA on it's way down, but since the markets have kept going down at this point I just hope to break even (@77.86). Today's market seemed to make a move up, but it really has been flat so all I can do at this point is hope that there is another rally tomorrow in reaction to the Fed news conference later this afternoon. I had considered buying some TZA to hedge my losses in TNA, but wasn't willing to put all of my available cash into the market at this point.

Citi is killing me and I wish I had tossed it when it broke even on the way down. Again, another reason why I should just leave individual stocks alone.

Well, let's see where this market takes us and figure it out from there...

Good Luck Everyone !!
Click to expand...


TNA killing me too, i'm just waiting on IT signal now, i dont know where this market is going but i got a feeling that its going to be down.
 
RealMoneyIssues said:
I'm just worried that I will need to sell at a loss... I am 50% into TNA... grrrr :mad:
Click to expand...

An argument could be made that the people who made these shoddy leveraged trading vehicles should be thrown in Jail. The longer you stay in these positions the more they unwind and get away from you, they just don't track well. As with everything it depends on your position, but time is not on your side within the family of leveraged ETFs. JMHO
 
JTH said:
An argument could be made that the people who made these shoddy leveraged trading vehicles should be thrown in Jail. The longer you stay in these positions the more they unwind and get away from you, they just don't track well. As with everything it depends on your position, but time is not on your side within the family of leveraged ETFs. JMHO
Click to expand...

It appears to be tracking just fine, I just got into it and then the market dropped... can only blame myself for the timing :(
 
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