karennma
8,057 posts
msg #80450
- Ignore karennma |
10/1/2009 11:28:28 AM
The CRASH is here!
Short and Strong!
:>)
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alf44
2,025 posts
msg #80451
- Ignore alf44
modified |
10/1/2009 12:15:35 PM
"CRASH" ???
---
What drugs are you taking ??? LOL
Jeeez !!!
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karennma
8,057 posts
msg #80453
- Ignore karennma
modified |
10/1/2009 12:52:22 PM
alf44:
Of course!
Remember, dahling ... YOU AND I ARE OPPOSITES.
You're L&S, I'm S&S.
lol!
BTW .. I made a TON on my TNA PUTS, which would've been a "small fortune" today, had I not bailed yesterday.
;>)
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karennma
8,057 posts
msg #80454
- Ignore karennma |
10/1/2009 12:59:54 PM
However, just so you don't think I'm "bragging" ....
I just shorted NKE and AMZN ... which may have been a mistake.
So, I'm not real thrilled right about how I "spent" my profits.
:>(
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Kevin_in_GA
4,599 posts
msg #80455
- Ignore Kevin_in_GA |
10/1/2009 1:03:20 PM
I tend to think that we are seeing a mild correction - down 30-40 pts each day for a while, getting down to 9000 or 8800, then slowly back up in December to end the year back at 9500 or so.
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BarTune1
441 posts
msg #80457
- Ignore BarTune1 |
10/1/2009 1:34:10 PM
Kevin, the good old VIX BB(9,2) signal is indicating it is time to buy ..... I have bought the SSO
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Kevin_in_GA
4,599 posts
msg #80458
- Ignore Kevin_in_GA
modified |
10/1/2009 2:04:51 PM
I may follow you on that call, James. Market is down WAY too much for the news that triggered it. Should be some rebound in the next 1-2 days.
Picked up 50 shares of TNA right at the close for $40.96/share. Karen is undoubtedly shaking her head right now.
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karennma
8,057 posts
msg #80519
- Ignore karennma |
10/2/2009 9:28:20 AM
Kevin_in_GA
- GA
10/1/2009 2:04:51 PM
Picked up 50 shares of TNA right at the close for $40.96/share. Karen is undoubtedly shaking her head right now.
=====================================================
Kevin:
Yes, I am.
You guys need to stop using me as a contrarian indicator!
LOL!
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BarTune1
441 posts
msg #80520
- Ignore BarTune1 |
10/2/2009 9:39:46 AM
Karen,
I am actually in agreement with your assessment of American economics and the state of affairs from a macro level .... however, i stopped playing "long term" trades quite a while back ..... I dont think a whole lot changed over the summer but you would have got killed shorting while waiting for "reality" to kick in ....
Therefore, I stick to short term trades now .... and it is, for the most part, much easier, because the big picture does not matter. Statistically, we are a little oversold here, thats all ... and all I am hoping for, a little bounce ...
I am not enthused about the state of the economy in any way ...
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karennma
8,057 posts
msg #80537
- Ignore karennma |
10/2/2009 11:04:24 AM
BarTune1
- BarTune1 10/2/2009 9:39:46 AM
Karen,
I am actually in agreement with your assessment of American economics and the state of affairs from a macro level .... however, i stopped playing "long term" trades quite a while back ..... I dont think a whole lot changed over the summer but you would have got killed shorting while waiting for "reality" to kick in ....
==============================================================
BarTune:
Re: "killed"
THAT is exactly what happened to me.
I lost my job in June, and immediately sought refuge at my "trading desk".
Knowing the fundamentals, I immediately started trading FAZ, which worked out quite well .. initially.
But the market TURNED in July and I really lost my way.
I didn't "get a clue" until August. By that time FAS had already doubled.
Lesson learned: Trade what the market IS doing, not what you think it "should" do.
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