You know it had to happen sooner or later.
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Yup. I'm glad it's (the streak) is over. Now I don't have to worry about it anymore. :D
I picked up some kind of bug. I hope it's of the 24 hour variety. I shouldn't trade today as I am full of Nyquil, so if you see me trading, wake me up - I might be sleep walking. :)
Hope you're feeling better!
Thanks guys. I just woke up. :) An extra 6-hours of sleep did wonders.
Sold short BGU (3 x bull) @ 15.95
The 150-pt rally off of the jobs report didn't seem right. The number hit estimates, but revisions and the 8.1% unemployment rate were worse than expected.
I wanted to cover when it hit 15.00 but I think I have 2 day trades already in the last few days. Ebb has some bearish patterns for Mon and Tues so I think I'll hold for another day ot two.
Currently 14.76
Bought AGQ (2 X silver) @ 41.78
Thank you for keeping an eye on silver for us!
Sold 1/2 position of AGQ at 43.75.
It was a limit order that I didn't realize got hit this morning until just now. After being as high as 44.36 this morning, it has now sunk to 41.00.
I am not a big fan of posting "post dated" trades, as I just did, so for credibility purposes, here's the trades...
http://www.etftalk.com/images/forum/030909a.gif
You guys don't have to do this - unless we start getting people posting "unbelievable" trades. As you can probably tell, I want ETF Talk to be very credible. :)
The early pop in stocks and the strength in the dollar probably contributed.
I have an open order to buy FAZ @ 65.00. I may move this up as high as 75, but for now I want to see if I can catch the open gap created on March 2.
I am thinking about trying SKF at $190. $65 would be a great price on FAZ.
It's at 77 and down 23% :rolleyes: Gee do you expect them to hand-deliever those stocks to you? :toung:
I can't believe how much they (FAS & FAZ) move. FAZ was 115 just 2 days ago. I have noticed that gaps do get filled quickly on these.
Feb 20, FAZ high was 86. 4-days later (2/26) filled a gap and made a low of 47. :eek:
Amazing - down to 66.80 for the low. Looks like we'll get filled. The gap is actually 64.50 if you want to push it.
Back to 71, and no fill yet.
Bought 1/2 position FAZ @ 67.84.
I have another 1/2 limit order just under 65.
Full position:
Bought FAZ (3 x financial bear) @ ave. price of 66.27 (67.84 and 64.70)
You know it's a bad market when we're more excited about the shorts going down, than the longs going up! :toung:
Still hanging on to this reluctantly. I never did see an urgent need to use a stop, but looks like I should have.
This is a nice follow-through day for stocks to be sure, but "most" of my research says this won't last. Of course the market is never wrong - only I am. :)
Still holding on to AGQ (ultra silver) as well, which is getting a 2nd day of bounce today. The silver chart still looks "OK".
I know how you feel about the FAZ, but heh? We gotta let the Bulls run a little here or they will give up and take their toys home ya know? Besides, these news whores will turn on them in good time. It's amazing how fast news can change the sentiment. :rolleyes:
Another thing is that I'm now able to hedge my TSP. So these last three days have benifited my 7G 75F 6C 6S 6I allocation.
Either ways some of us have made money today :)
Short BGU (3x bull) @ 25.49