Gumby's Trading Account

[Gumby]

...uh, what exactly did you mean by "want you"? I'm hoping you forgot a word.

I left out "to thank you".

I got a phone call when I was typing and didn't proof read

[Gumby]

Great trade

Thanks JTH,

I really wanted to let it run through the day but decided to set a stop in case for some reason the market snapped back and FAZ dropped....which it did. I thought ~10% stop would have been enough. It just shows you how volatile these EFT's can be.

If my buy order fills, I might end up being 400 bucks better off. Then again, it could drop like a rock.

Happy trading

[Gumby]

Put in a sell for TBT @ $49.

[Gumby]

Long GDX @ $33.40
Long FAZ @ $58.50

Maybe the PPT will run out of stimulus money this afternoon

[etftalk]

The ping pong match has been pretty steady today. You'd think something would give before 4 PM ET, but which way?
You are in the same positions I am, long GDX and FAZ. Good luck!

[Gumby]

The ping pong match has been pretty steady today. You'd think something would give before 4 PM ET, but which way?
You are in the same positions I am, long GDX and FAZ. Good luck!

Maybe we will both be lucky.
bought another 100 GDX @ $33.17 I hope your prediction of $40 is right

[Gumby]

Long GDX @ $33.40
Long FAZ @ $58.50

Maybe the PPT will run out of stimulus money this afternoon

Stopped out of FAZ @ $61.52 5.1% profit

Looks like the bulls are snortin'

[Gumby]

Looks like the bulls are snortin'

NOT!
Bears win

[etftalk]

Stopped out of FAZ @ $61.52 5.1% profit

So you are flat on FAZ going into the weekend? Not a bad idea, actually.

[Gumby]

So you are flat on FAZ going into the weekend? Not a bad idea, actually.

Yes, sold all my FAZ. I thought about holding it.....but I figure Bernanke will pull another rabbit out of his hat over the weekend and cause the SPX to gap up Monday morning. There is way to much government manipulation going on. It's almost like shooting craps with the government being the house. I am not bashful about taking a profit

If the market gaps down, I'll look for something else to buy.
These 100 pt swings on the DOW can make a person go from Bear to Bull within minutes.