Show-me
Well-known member
Hard for me to pry myself from the trading chair. We are seeing history unfold right before our eyes and this is when we need to talk to our children about finance and investing.
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Show-me Account Talk
- Thread starter Show-me
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Hard for me to pry myself from the trading chair. We are seeing history unfold right before our eyes and this is when we need to talk to our children about finance and investing.
Gumby
Active member
I have never seen anything like this....and on an option expiration Friday. Shorts MUST close their positions. What is going to happen this PM when it gets to crunch time???
Show-me
Well-known member
I can not image this rally having any legs as the economy is still stinking up the place. We (tax payers) are footing the bill for bad investment, but the underlying problem is no jobs and devaluing property. Now the lending standard will be much more strict and you better have a real job, not a part time one or in the service industry.
Show-me
Well-known member
Gumby,
That is what has me worried they have completely rechanneled the natural flow of things and it is anybodies guess. They are learning and changing on the fly. I got a clue when my ST broker told me they did not know what was going on or what effect it will have.
Gumby
Active member
I see a HUGE selloff this PM....especially in financials. The government set this sector up for HUGE profits today.
Goldman (GS) up $60 from yesterday's lows this morning. Never seen anything remotely close to that before.:worried:
Braveheart
Member
EXACTLY !!!!:suspicious: We are in the same boat it is called the Titanic "was that ice I just saw??":suspicious:
Gumby
Active member
Braveheart
Member
I am still holding 100% C Fund with 1 more IFT for next week maybe split it to the S Fund & C Fund
weatherweenie
Well-known member
Looks like SKF is trading now, down about 22%.
robo
Well-known member
Birchtree,
I think you might be early spreading all this manure around about the Stock Market. However, Financials is another story now that they have the Fed Put and it looks like a Big One. I don't know how much gain you need to get even, but this is one Big Rally....
I might not be making your gains and I'm sure I'll give some back, but I'm going to hold my UYG a few more days. Why, the new no short rules for around 800 Financials stocks. I have 2430 shares @ around 16.66 per share. I didn't like that share price when it headed down to 15.00, but it's ok now. I'm not sure how much I'll be up at the close. Heck, in this Market it could be down.
Current share price 23.20 so I'm close to a 16,000 dollar gain in my Roth’s and going up ever hour. The Big squeeezer is on. Go get-em Birchtree, Buy-em when everyone else is puking them up....
However, I'm thinking of selling soooon, but not today...
The Bears will continue to short the Market, but Financials are off limits for now my friend so enjoy the ride. I do expect some selling at the close, but what do I know.
This Market has been kicking my butt lately…
Take Care!
Show-me,
Give the Birch some rope he's down quite a bit if he's been holding financials very long.
I hope you are doing well!
My UYG trade was just luck, but what a trade it's turning out to be so far.
Be careful shorting here. The Bush in the White House will pull out all the tricks to turn things around before the election and it looks like they did. Again, be careful shorting for now!
Hope you have a nice weekend…. Share price now 23.44
Robo
Braveheart
Member
Ha Ha - Good for you & sure you took some shots and you gave out your share but the bottom line is they are a lot of people who wish they bought when you did. That took brass balls I made some serious cash the past 2 days when I did not expect it and it is a great feeling knowing that this time we were right or lucked out. I might not happen again for a long time so I know I have about 1 week to sell along the way and I will because simply put anything can happen and I really don't want to see what is behind door #3.
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Show-me
Well-known member
I don't believe that your UYG trade was luck at all. You've been around too long. Keep chipping away at them. I don't short like I use to due to days like this. Dr. Strangmath is out to make the shorts pay with deep green pain.
I love Birch to death but I gotta poke my stick at him once in awhile and he caught me in a moment that the Oxycodene was making my tougue very loose. That old fart has traded more money than I could ever dream about. lol
I love Birch to death but I gotta poke my stick at him once in awhile and he caught me in a moment that the Oxycodene was making my tougue very loose. That old fart has traded more money than I could ever dream about. lol
Show-me
Well-known member
Yep, ST said it was suspended and then released and trading normally. I don't know what to think about it right now and need to research it tonight. I know they deal in a lot of derivative, which are toxic as hell.
love-to-bike
Member
Well I've been following it all day. About an hour ago it was trading around 93, now it is up to around 98. Up & down, I'm thinking of jumping in later in the day (esp. if it drops some more).:blink:
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