Hi Red, It looks like we are on schedule as planned. Only concern I have is with the unemployment number coming out on Friday. Could bad numbers on Friday be the start of the move down? I may add to my short position on Thursday.
Thanks Dnarby – totally true. When they go against you, they seem to make big moves and when they are in your favor, the 3x are more like 2x. Still. I'll take it.
Project Camelot is reading like science fiction to me. I'm open-minded enough to think that some or all of it is plausible. However, I wouldn't need to believe any of it to come to the same conclusion that one should find a safe place and do it now.
What I do know is that natural disasters and human atrocities have occurred throughout history, and, although Americans have enjoyed a period of relative stability, the world as a whole is potentially more volatile than ever.
So, Red, how far along are you in securing a safe place? Still at the beginning of the brainstorming phase like me or further ahead?
They work fine as long as you don't plan on holding them longer than ~6 weeks (after a couple weeks the 2x are like 1.9x and the 3x are more like 2.7x, but the leverage is still free).
Is it that one about the decay? I totally know they are lousy instruments but I don't want to dig into margin and I don't want to try to pick stocks. So be it.
I hope it works out too, because I'm long the USO. I would go long the SPY, but it's just too risky. Oil isn't as highly manipulated and should move up to about 38 by Friday.
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!
Hi Red,
It looks like we are on schedule as planned. Only concern I have is with the unemployment number coming out on Friday. Could bad numbers on Friday be the start of the move down? I may add to my short position on Thursday.
I'm working with some folks on marketing it.
Thanks Dnarby – totally true. When they go against you, they seem to make big moves and when they are in your favor, the 3x are more like 2x. Still. I'll take it.
Project Camelot is reading like science fiction to me. I'm open-minded enough to think that some or all of it is plausible. However, I wouldn't need to believe any of it to come to the same conclusion that one should find a safe place and do it now.
What I do know is that natural disasters and human atrocities have occurred throughout history, and, although Americans have enjoyed a period of relative stability, the world as a whole is potentially more volatile than ever.
So, Red, how far along are you in securing a safe place? Still at the beginning of the brainstorming phase like me or further ahead?
They work fine as long as you don't plan on holding them longer than ~6
weeks (after a couple weeks the 2x are like 1.9x and the 3x are more
like 2.7x, but the leverage is still free).
Is it that one about the decay? I totally know they are lousy instruments but I don't want to dig into margin and I don't want to try to pick stocks. So be it.
Thanks G…
I hope it works out too, because I'm long the USO. I would go long the SPY, but it's just too risky. Oil isn't as highly manipulated and should move up to about 38 by Friday.
We'll see…
Red, Enjoyed your post and all the comments below. Some nice feedback. I hope your scenario of a bounce this week plays out.
Hi Monica, Sending you an email about 3x etf's.
Well, their sheep this time because the bulls aren't going to be jumping over a cliff until February 8th-9th comes… then the fun begins! Mmmmm…. steak, its' what's for dinner!