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 Anyone have any Dramamine? View next topic
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Anyone have any Dramamine?
PostPosted: Wed Oct 12, 2011 6:27 pm Reply with quoteBack to top

This stock market roller coaster ride has us back to unchanged for the year ... crazy.

And we're at the top of our 3 month range ... anybody else thinking about taking a flyer on some of the short ETFs? -- SKF is trading back below $70 on last check ...

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"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Anyone have any Dramamine?
PostPosted: Thu Oct 13, 2011 11:42 pm Reply with quoteBack to top

How'd SKF work out?

I only daytrade the double/triple leveraged etf's, but not this one.

Haven't had the time to daytrade lately. Bought JPM, C, BAC, GS puts a while back and still loving them.
At least til oct expiry.

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“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Anyone have any Dramamine?
PostPosted: Fri Oct 14, 2011 1:55 pm Reply with quoteBack to top

Yeah, I bought some SKF on Wednesday ... it's in the green, but I haven't sold yet. With the DOW opening up 120 points, I don't think today is going to be the day it gets sold (and I really hate going into a weekend with the double short etfs).

Wish I could buy puts on the banks, but most of my trading is done in qualified accounts and it's verboten.

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Anyone have any Dramamine?
PostPosted: Fri Oct 14, 2011 4:52 pm Reply with quoteBack to top

I dunno about shorting here. IMHO the PTB is thinking about and trying to engineer the beginning an early Christmas rally. I've been thinking about going long ERX the 3X energy ETF.

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achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Anyone have any Dramamine?
PostPosted: Fri Oct 14, 2011 9:24 pm Reply with quoteBack to top

Ater the bank action today with C, GS, BAC, WFC making late rally's into the garbage numbers they will, no doubt, be reporting next week ... i would agree with you about not shorting.

May take a stab at KOL, if it looks like China is going to rebound. I think the market is too pessimistic on a China soft landing.

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Anyone have any Dramamine?
PostPosted: Mon Oct 17, 2011 5:13 pm Reply with quoteBack to top

I don't know - maybe. But it looks like it's bumped up against the top of the 3 month range and is rolling over again to me.

The SKF I bought on WED of last week is up about 8%. I have a stop in place, but I'm really hoping to let it run for a few more days.

The stock market has been rallying over the past couple of weeks on the rumors and 'plans to create a plan' talk out of Europe ... never underestimate the power of "buy the rumor, sell the news"

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Anyone have any Dramamine?
PostPosted: Mon Oct 17, 2011 5:50 pm Reply with quoteBack to top

I've been trading SLV between 29 and 31.

Been working out pretty good so far.
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Anyone have any Dramamine?
PostPosted: Mon Oct 17, 2011 9:21 pm Reply with quoteBack to top

mahalo guy wrote:
I've been trading SLV between 29 and 31.

Been working out pretty good so far.


When it gets back down to 29 please remind me to place another order for physical coins

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Anyone have any Dramamine?
PostPosted: Thu Oct 20, 2011 3:35 pm Reply with quoteBack to top

bdc63 wrote:
mahalo guy wrote:
I've been trading SLV between 29 and 31.

Been working out pretty good so far.


When it gets back down to 29 please remind me to place another order for physical coins


Getting close, again!!
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bdc63
Schumpeter Reincarnate


Joined: 16 Feb 2007
Posts: 4392
Location: Maryland

Re: Anyone have any Dramamine?
PostPosted: Thu Oct 27, 2011 1:28 pm Reply with quoteBack to top

mahalo guy wrote:
I've been trading SLV between 29 and 31.

Been working out pretty good so far.


Your SLV trade appears to be over (at least for the time being) ... as does my SKF trade. Too bad -- that was as good as a license to print money while it lasted ...

_________________
"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan
"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis Stevenson
“Gold is money. Everything else is credit.” -J.P. Morgan, testifying to Congress in 1912
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