Show-me Account Talk

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I feared something like this happening and this is why I did not move out of the C fund. Now everyone that made IFT is going to miss a big Gov. bail out opportunity. FRTIB sucks and I borrow, borrow, borrow from my TSP until they give us a edge to work with.
 
This is a great shorting opportunity somewhere. This rally will..........."tide raises and lowers all ships", type action. Now to find the short play. You can not manipulate the market like this and not expect a pull back off of the highs. Old salty guy on CNBC even said that this no shorting thing is over extending the rally by 20 - 30%. That means it will snap back down at some point.

Comrade Show-me
 
Show-me said:
I feared something like this happening and this is why I did not move out of the C fund. Now everyone that made IFT is going to miss a big Gov. bail out opportunity. FRTIB sucks and I borrow, borrow, borrow from my TSP until they give us a edge to work with.
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Yeah, the IFT limit is going to cost some of us government workers thousands of dollars. Someone set this fall and surge up to make some serious jack this week.
 
Show-me said:
Now is the time to make money I'm out of IFT's and waiting for funds to settle. I need more money to trade with. Any takers? LOL

The rally in UK is unbelievable and our futures are up to 1257 S&P. My entry point was 1236 so I'm nervous and happy.

Would it not been nice to be able to trade in and out of this market with TSP.

I have one position in KOL and I will watch it and sell it if it exceeds 10% gain.
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Take the money and run KOL up 17% and I will watch to see if it breaks over or continues up.
 
love-to-bike said:
So, great Sage, if you had $$$, where would you put it?
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I don't know right now. With the Gov. manipulating the markets and changing rules as they see fit it is very risky.

The plays have already been made. The longs in UYG cashed in by now, I would have. I am in the process of going all cash except for TSP.
 
weatherweenie said:
If they wanted to, couldn't they close out short positions?
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If your holding SKF....it is 2X short financial.....a double whammy.

Strategy for UltraShort Financials ProShares

The Fund seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index
 
Looks like SKF traded just long enough to allow folks to sell and then the window closed. I got 3 one minute ticks on my chart.
 
Show-me said:
Looks like SKF traded just long enough to allow folks to sell and then the window closed. I got 3 one minute ticks on my chart.
Click to expand...

UGh, unfortunatley I still own a few shares of SKF. Why the hell would they halt SKF? What will open at when it begins trading again, whenver that will be. People got hosed on that for legitimately hedging.
 
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