JTH's Account

[350Z]

JTH,
Be right, sit tight.
I am under on the FAZ currently to a 4 figure number. I am not going to sweat to much unless it goes to 5 figures.....then I'll buy more. I have been away from the computer today and I see there is still weakness in the FAZ. This is probably a good time to buy more. The strength in the financial is very overblown.
Atilla is still holding....that is a good sign.

I am putting in a buy order in for FAZ @ $38.00

Europe is looking bad. If they close at or near the the lows of the day, in about 20 mins, they would end today with a shooting star. That would be bearish for Monday.

[JTH]

Thanks for the pep talk guys, it does make me feel better. It's not that I feel bad about FAZ, it's that my position is a bit heavy and I can't buy anything with my unsettled funds, so I'm stuck here with nothing to do but wait.

Yea I'm still working on that patience thing (not)

[JTH]

Good morning

Here is Monday morning's status

ROTH IRA Account:
20% Cash (Unsettled as of Sunday night)
80% FAZ No Stop (currently down -27.46%)

Regular Brokerage account: 100% Cash with a Limit order placed on AIRN Airspan Networks Inc) @ .16

This weeks plan: Make money...

It should be a fun week

[JTH]

Limit order placed on AIRN Airspan Networks Inc) @ .16

Too funny, I place a limit order @ .16 and so far today's low is @ .1601
This is a limit order for today only so if it doesn't get filled so be it. I'm not going to chase this one, if will have to come to me.

Sometimes I feel like the kid who is trying to make friends with the mean dog. I offer him a piece of meat, he takes it, then runs away...

[alevin]

fuuuny. I put limit orders in for IBB and DDG this morning. Will look to verify fill status when I get home tonight. Did virtual limit order last night on DDG based on yesterdays prices and overnight spread, virtual DDG filled higher than actual spread this am. So I adjusted my real limit price down accordingly before I submitted it. IBB, won't know about it til tonight.

[JTH]

Ya know Alevin, sometimes it's just one of those bla days.

Nothing in the market is is giving me inspiration. I've already nixed the AIRN limit order. I've decided to wait till it hits the .13s again. So now I'm just watching FAZ and waiting for it to react to it's previous lows.

I swear watching paint dry is more fun...

[JTH]

GLD & SLV are both down over 3%

Money does not just vanish does it? Perhaps the markets are posied for a takeoff?

[JTH]

Bought FAZ @ 56.48

Bought more FAZ @ 46.38

Bought more FAZ @ 33.26

Total Basis 50.94

I'm either a very brave man, or a very stupid man. Only the end game to tell the true tale.

[Gumby]

Bought more FAZ @ 33.26

Total Basis 50.94

I'm either a very brave man, or a very stupid man. Only the end game to tell the true tale.

Hang in there!

[JTH]

Hang in there!

Thanks Gumby I am hanging in there, but I wouldn't consider this a winning trade. To quote the great one "I've manged this trade poorly"