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Senate just passed the stimulus bill.

Probably the reason for down DOW 300. Little prodding to do the "right thing".

I don't think they know what the right thing is? They appear to be drowning in their own BS. Good example was last night.

i.e. "A-Rod". Why T$% F&%$ would you ask a question like that?
 
I doubled down at 40 on FAZ and now I'm thinking about putting a stop at 45 to guarantee some profits. Although. I think the markets might be going down for a few more days.

What do you think?

That is what I am thinking too. We have a nice fat profit and some room to let things play out. I too think we will see a few more days down. If it don't work out and we get stopped at $45, take the profit and wait for the next big set up.

Extreame volitility is the the trade, get on the right side and make the play, protect the profit and wait for the next sweet set up.
 
Placed a tight sell stop at 47.25 and I expect it to trigger and don't care. This price will bank me 20% and that is being greedy.

Good luck all.
 
Yup, profits are good. But, I should have used your stop instead.:D

You can't go wrong taking a profit. I st a loose stop on SKF yesterday morning of $132. The stock was about $140 at the time. Right before the close the stop almost triggered.....I think SKF trended down to about $133. Hopefully SKF will soar today with the S&P spiking downward.
 
You can't go wrong taking a profit. I st a loose stop on SKF yesterday morning of $132. The stock was about $140 at the time. Right before the close the stop almost triggered.....I think SKF trended down to about $133. Hopefully SKF will soar today with the S&P spiking downward.
Yeah, I like playing with SKF, I trade it at least a couple of times a month. I bought in at $125 a couple of days ago, I'm probably going to let it ride a bit more and set a stop at around $150....
 
Yeah, I like playing with SKF, I trade it at least a couple of times a month. I bought in at $125 a couple of days ago, I'm probably going to let it ride a bit more and set a stop at around $150....

Ride it up and cash in. Good job :)
You may hit the $150 today.
 
You nailed it! Then of course I got nailed :nuts: - like SM says, hogs get slaughtered. Oh well, it will be back up around there again soon.

That last half hour in the market was a killer. I should have had tighter stops on SDS and SRS....and the bad thing is I removed the stop for SKF today.:embarrest:

I rode them up, then down......maybe up again?:nuts: I just wish the Gov would quit manipulating the market.:mad:
 
That last half hour in the market was a killer. I should have had tighter stops on SDS and SRS....and the bad thing is I removed the stop for SKF today.:embarrest:

I rode them up, then down......maybe up again?:nuts: I just wish the Gov would quit manipulating the market.:mad:
Hey Gumby,

Still holding SKF? I unloaded mine today at 165 for a 32% pop. Unfortunately that doesn't offset the bloodbath I've taken on others, but at least there was a bit of positive news on my side.
 
Hey Gumby,

Still holding SKF? I unloaded mine today at 165 for a 32% pop. Unfortunately that doesn't offset the bloodbath I've taken on others, but at least there was a bit of positive news on my side.

LTB,

Yes, we must have been thinking the same and sold SKF early this am for $165. You made a better percent return than I did. Great job.:)

I'll buy back in when SKF backs off. I have been posting my moves on Tom's ETF site. Give it a try.
 
Well it will back off - the stock is like a yo-yo.

And Tom - I'll join your other site as LTB, I like the idea of people posting their trades!
 
I'm out on FAZ.

I could lie and tell you all I sold it for $70, but the fact is I sold it for $64.60 because I was scared.
 
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