Gumby's Trading Account

[Gumby]

Sell limit order in for FAZ @ $81.55
Quite a battle going on in the market today.

[Gumby]

Atilla predicts a sell off..S&P below 700

Long FAZ @ $73.45

Stopped out of FAZ @ $77.02 for a small gain

[etftalk]

Nice. I'm kind of stuck on the sidelines (except for my UNG), waiting for the market to do something.

[Gumby]

Sold short BGU @$16.425
Will the market selloff?

[etftalk]

I may be following. Watching, waiting...

[Gumby]

I may be following. Watching, waiting...

Following what I do may be hazardous to your wealth

Atilla thinks it might happen

[etftalk]

Atilla thinks it might happen

Ebb hasn't exactly set the world on fire in '09, but his signals are very bearish for tomorrow (Wed).

[Gumby]

Ebb hasn't exactly set the world on fire in '09, but his signals are very bearish for tomorrow (Wed).

Ebb missed that selloff yesterday but he may be right for tomorrow.
I really don't want the market to selloff today because of my TSP transfer so the short BGU will hedge my bet.

I may double down on the short BGU if we break the high for the S&P today. This last hour of trading could be interesting.

[etftalk]

re: short BGU:

I placed my stop above the morning's high of 17.16 and it came within a 0.25 of getting hit. Now, bam! ...below 16.00 as I write.

Nice call gumby!

[Gumby]

re: short BGU:

I placed my stop above the morning's high of 17.16 and it came within a 0.25 of getting hit. Now, bam! ...below 16.00 as I write.

Nice call gumby!

Thanks Tom,

It didn't have the fireworks that I wanted but it worked out.
I bought to cover @$16.00 about 30 seconds before the close.