Gumby's Trading Account

[JTH]

I hope we all do well. We could have got a better price even if we would have waited until the last minute. The price really dropped hard from $63 down. It doesn't seem like I get a fill below my price very often unless I buy an ETF.

Good luck.

You lucky guys, that is the 2nd biggest candle on the entire chart!

I would have jumped in myself, but I sold FAS Monday and all I have is unsettled funds in my account.

[etftalk]

Gumby -

Did you see Atilla started buying FAZ @ 65 at 3 PM? Great minds...

[XL-entLady]

Gumby -

Did you see Atilla started buying FAZ @ 65 at 3 PM? Great minds...

I was relieved to see that myself. Sometimes I think that xtrends has a big enough following that Atilla can be a market mover.

Lady

[Gumby]

I was relieved to see that myself. Sometimes I think that xtrends has a big enough following that Atilla can be a market mover.

Lady

His comments prompted me to buy more. Will the financials continue to advance or was this a short covering rally?

I wish I had 1% of the mind Atilla has when it comes to trading.

Trade well.

[Gumby]

Premarket FAZ @ $54.83

I will probably be buying more today. These big financial institutions are all insolvent if the truth was known. The government is helping them hide the extent of the problem.

[Gumby]

Sold all my TBT @ $45.78 I'll be back in this one when the market sells off and interest rates drop. Fingers crossed.
Long TLT @ $103.68

Sold TLT @ $101.25 for a 2.3% loss.
That didn't work out

[Gumby]

I think I may have this figured out. I buy FAZ...it goes down. I sell and it goes up. I guess I will have to reverse signals

Long USO @ $24.65
Not an ETF, but I shorted BBY @$27.51

Sold position in USO @ $27.06 9.7% profit
Long DUG @ $29.22

[JTH]

Sold TLT @ $101.25 for a 2.3% loss.
That didn't work out

Sound like you had a tight stop. I'll tell you what, that F-Fund has been bleeding me one pin prick at a time.

But here's the thing. Once the Feds start spending money on all these pork projects, people are going to need to borrow money and when they do, I'll be loaning it to them.

[Gumby]

Long AEE @ $19.92 Not an ETF, but I am going to hold this one for the dividend and potential increase in share price.

[Gumby]

Sound like you had a tight stop. I'll tell you what, that F-Fund has been bleeding me one pin prick at a time.

But here's the thing. Once the Feds start spending money on all these pork projects, people are going to need to borrow money and when they do, I'll be loaning it to them.

One of the premium fellows that I respect suggested the TLT. I sold my TBT and went long on TLT. I should have just held onto the TBT.
I'll buy the TBT back on a dip in price. I think TBT is going to be a long term hold but for some reason I can't keep from trading it.
If the market takes a plunge, the TLT will go back up.

That F fund is hard to figure out. I generally try to avoid it but couldn't resist this month. I am selling more of it today in the TSP.