Show-me Account Talk

[Show-me]

After your post I decided to take the long shot in steps, $40 and $35. I may go lower beings we are getting a big sucker rally.

 

[350zCommTech]

After your post I decided to take the long shot in steps, $40 and $35. I may go lower beings we are getting a big sucker rally.

We need to see the details of this "bad bank" plan. Being that the people in charge are mostly Wall st. whores, I would not be surprise if this plan turns out to be the ultimate looting of the American taxpayer plan. If that is the case, XLF would go to the moon.

If XLF breaks above the 50, who knows how low FAZ can go.

 

[Show-me]

That is exactly what I said at work, any purchase of bad assets is free money to the lender.

 

[Show-me]

 

[Show-me]

Sell limit 50 for my faz at 40.

Buy limit 9.80 and 9.70 for uco.

Sell limit 70 for my faz at 60.

Good luck.

 

[350zCommTech]

With futures down pretty good, it looks like SRS is going to open above 51. I moved my stop up to 49.50. I can see the market opening down only to rally and finish in the green. If that happens, it would mean that this sucker's rally is not finish. I'll eat my small lost and look for another entry at a lower price.

On the other hand, if this market chits the bed today, I'll let her ride.

Good luck to you too.

 

[Gumby]

Sell limit 50 for my faz at 40.

Buy limit 9.80 and 9.70 for uco.

Sell limit 70 for my faz at 60.

Good luck.

Show-me,

Do you use trailing stops? I am thinking about putting in a 10% trailing stop on my FAZ that I bought at $39.60 and let it ride.

 

[350zCommTech]

FAZ up 12% today. I'm jealous of you guys.

 

[Gumby]

FAZ up 12% today. I'm jealous of you guys.

Got stopped out of FAZ @$42.60 and SRS @$51.06 early.
My TBT is up good today @~$47. I am going to just hold it. I think it will eventually go to $60 when the bond bubble deflates.
I've got a sale order on SDS @ $80.....probably won't fill....but you never know.

 

[350zCommTech]

Got stopped out of FAZ @$42.60 and SRS @$51.06 early.
My TBT is up good today @~$47. I am going to just hold it. I think it will eventually go to $60 when the bond bubble deflates.
I've got a sale order on SDS @ $80.....probably won't fill....but you never know.

The close is the key. If S&P closes below yesterday's open, it's mega-bearish. I'll just let her ride and move up the stop.

Bond yields up big again today. Bond market calling Ben's bluff to buy treasuries. TNX looking very bullish.

 

[350zCommTech]

SRS up 14%
FAZ up 19%

 

[Gumby]

SRS up 14%
FAZ up 19%

It sure would take a long time to make that in the G Fund!
TSP needs more options.

 

[Show-me]

I am using a straight stops and limits, got a limit a.m. for FAZ to sell at 50. It is sitting at 49.19 and I really don't care if it does not sell.

 

[Show-me]

Show-me,

Do you use trailing stops? I am thinking about putting in a 10% trailing stop on my FAZ that I bought at $39.60 and let it ride.

If my a.m. order does not get filled I will use t.s., sound like we could get a run down.

 

[Show-me]

Sell order not filled, I still own it and will look at the futures in the a.m. and make the call then. Trailing Stop might be in order here, to the moon!!!

 

[350zCommTech]

Sell order not filled, I still own it and will look at the futures in the a.m. and make the call then. Trailing Stop might be in order here, to the moon!!!

Sounds like a plan. I want to see a retest of 740.

 

[Show-me]

Sounds like a plan. I want to see a retest of 740.

Yea, the upside is petering out.

 

[Gumby]

If my a.m. order does not get filled I will use t.s., sound like we could get a run down.

I got stopped out early this morning....but still made a good profit. I didn't set the stop low enough.....:nuts:

Good luck tomorrow. I still have a bunch of SDS for sale......maybe tomorrow will be golden!

 

[Show-me]

Profit is good.

 

[tsptalk]

Sell limit 50 for my faz at 40.

Buy limit 9.80 and 9.70 for uco.

Sell limit 70 for my faz at 60.

Good luck.

Caution: Shameless plug ahead... :embarrest:

Not to take away from your thread, but I'd love to see this kind of "ETF Talk" shared on the new www.etftalk.com/forum.

teknobucks and frenchee just signed up. Cool!