earnings
SO everything marked in Red, think of a counter news headline, and that will probably be used to keep the market from falling–if GS doesn’t want the market to fall.
Archive for » July, 2009 «
30 Jul2009
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I wish you would stop going long 2x etf’s—
Go look up the opposite ETF and get short—
GET SHORTY—
Mathematically if you go long any 2X or 3X etf—
then you really will get hit by the VIX component and the percent component
You get hit 2 to 3% starting right out the gate—I did the math–
If a stock goes down 50% and then comes up 50%–it only gets back to half of what it started out at–
This is how going “long” on the 2x’s etfs works–that’s why it’s better to short the opposite one—How come nobody gets this? Cause if they did—you’d never see ” Hey I went LONG such and suck 2x etf”
There’s also a vix component blended into both sides–which eventually makes all of the 2x ETF’s go to ZERO–
ALL of them ( bar none) will have to have 20 to 1 reverse split–eventually
Category: Uncategorized
20 Comments
28 Jul2009
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VIX–I was bored, really bored–and then I came up with this NUT!
NEM, the last –or one time–the gold stocks rallied really hard like 5 or 6% up in one day–they crashed the other sectors / market—HUGE–on concerns of something or other-( CPE? / probably)–I’m very bad at remembering daily headlines—anyway–this same set-up is occuring–and here’s how I hope it times itself
RTH–if it pushes 2% higher to 84, it’s possible–then the indexes might get a 2% push–DIA 91.3 + 2% = 93.1
I doubt this will happen
So I’m shorting RTH right here in the 82 range–
I’ll worry about 84 if it gets here–
use the SEPT 90 puts
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Category: retail sector
68 Comments
27 Jul2009
QID held the line at RSI 25–I’d like to see QID reach RSI 35, come back down, retest the low, then go to RSI 50, come back down retest a little higher than the low–then I think that sets up QID to test RSI 70
Here’s PCAR
Short X on earnings too—
I’m that guy who said short AMZN,BRCM,SOHU, and a lot of others too numerous to remember–they all caved on earnings–I did this in a sea of stocks going up on earnings
Category: XLI sector
32 Comments
24 Jul2009
***FSLR EARNINGS PLAY go long
The aug 190 call costs around 5.00 and if FSLR does make it to $230 then that’s $4,000–
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It seems to me XOM shouldn’t even be over $65, so At $75, it makes a great short–
Category: Earnings dates
5 Comments
