took quite a large position in this throughout the day today, felt it the right move after this 5 day rally, we are still in a cyclical bear market and trading in a range as well as mired in tons of negative news....
something negative is going down this weekend... some country/some bank/someone will pull out of funding these fiscally retarted countries and the bottom will fall out of the euro zone.
700 shares, blended cost basis of 40.73
and now, we
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To remove first post, remove entire topic.
took quite a large position in this throughout the day today, felt it the right move after this 5 day rally, we are still in a cyclical bear market and trading in a range as well as mired in tons of negative news....
something negative is going down this weekend... some country/some bank/someone will pull out of funding these fiscally retarted countries and the bottom will fall out of the euro zone.
Ive missed out three times trading FAZ long and done for 20% plus profits, I am kicking myself for not trading the cycle the last two months.
You might be a little early, I think we might have more to go..Jackson Hole meeting is next week, barring some Euro news I think they might go higher more.
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Ive missed out three times trading FAZ long and done for 20% plus profits, I am kicking myself for not trading the cycle the last two months.
You might be a little early, I think we might have more to go..Jackson Hole meeting is next week, barring some Euro news I think they might go higher more.
i've missed it too, multiple times. i just think we are trading in this range and until we close a session above 1225, and then go higher and close above it for a second session, i wont believe we are technical out of this trading range.
as far as the fundamental view, we all know the problems that europe has, we have, and the world (China) will soon have with hyper-inflation (i think stag-flation) so this not only could be a very short term trade but also a longer term hold as well.
we'll see, i'm hoping i'm right bc its a good chunk of my money in this
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WSC,
i've missed it too, multiple times. i just think we are trading in this range and until we close a session above 1225, and then go higher and close above it for a second session, i wont believe we are technical out of this trading range.
as far as the fundamental view, we all know the problems that europe has, we have, and the world (China) will soon have with hyper-inflation (i think stag-flation) so this not only could be a very short term trade but also a longer term hold as well.
we'll see, i'm hoping i'm right bc its a good chunk of my money in this
Oh man ... I like your TZA short!!! I got some too. I'm seeing more weakness in the S&P500 vs Nasdaq. With the Nasdaq stalling around the 2600 level and 50 day moving average and the S&P 500 in a outright sell off mode, I think going the times three leveraged inverse S&P 500 or times three leverage inverse Russell 1000 might be a money play. I'm also short CRM, FOSL, RAX and TDC (this one is giving me all kinds of trouble though). I also have positions in TZA, SQQQ (I don't recommend this one), SLV and DGP. Good luck man!!
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Oh man ... I like your TZA short!!! I got some too. I'm seeing more weakness in the S&P500 vs Nasdaq. With the Nasdaq stalling around the 2600 level and 50 day moving average and the S&P 500 in a outright sell off mode, I think going the times three leveraged inverse S&P 500 or times three leverage inverse Russell 1000 might be a money play. I'm also short CRM, FOSL, RAX and TDC (this one is giving me all kinds of trouble though). I also have positions in TZA, SQQQ (I don't recommend this one), SLV and DGP. Good luck man!!
my limit sell order at $55 went off late yesterday. great profit for 700 shares and $14+/share gain.
i think we are now at the bottom of the trading range.
i am going long everything. silver (at support), gold (for inflation and hedge), and multiple of the 20-25 stocks i watch, mainly grabbing some WFT and WMB as well as some other oil services stocks i love that move quick and i can keep longer term if necessary. also like grabbing FAS or some of the banks at this level. I really dont think you can go wrong here since we are in a trading range and at the low end....just be careful if we break through support...then it gets hairy.
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my limit sell order at $55 went off late yesterday. great profit for 700 shares and $14+/share gain.
i think we are now at the bottom of the trading range.
i am going long everything. silver (at support), gold (for inflation and hedge), and multiple of the 20-25 stocks i watch, mainly grabbing some WFT and WMB as well as some other oil services stocks i love that move quick and i can keep longer term if necessary. also like grabbing FAS or some of the banks at this level. I really dont think you can go wrong here since we are in a trading range and at the low end....just be careful if we break through support...then it gets hairy.
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