The market was pretty oversold, and I just didn't like my positions. I will re-enter in some June puts again tomorrow. Not sure yet what strike price, but I'll let you know tomorrow.
However, tomorrow will probably be the last day for a bounce in the market before a big flush. So, I'll be staying short until the end of the week probably. It depends on how far we fall down by then?
The issue here is speed of reaction. Take for example ERX. American Bulls still has it a sell due to the big drop today. However, a speculative buying at the closing today @$25.79 would have already yielded a profit after hours. And one could sell in the morning in the $26-27 range. (by way of example).
BTW it's a good service; I am just making conversation here as to whether signals issued are truly timely vs. safe.
I did not but Iam seeing more and more gloom and doom. I have no long positions and am not interested at this time.
I subscibe to Weiss, Neener and hey are talking later in yera for a major drop. The guy on Market watch is just plain go for your guns. Of witch iam well armed.
LOL, he might have “thought” he invented “the green project”, but truth is stranger then fiction…
http://www.granthammond.com/2010/homes/al-gores…
With Al Gore and his wife separating, wonder what is going to happen to our global warming project. After all he invented the internet
The market was pretty oversold, and I just didn't like my positions. I will re-enter in some June puts again tomorrow. Not sure yet what strike price, but I'll let you know tomorrow.
However, tomorrow will probably be the last day for a bounce in the market before a big flush. So, I'll be staying short until the end of the week probably. It depends on how far we fall down by then?
Good commentary from both Earl and Leo.
BTW, Leo why did you exit your short positions? Are you sure of even a small rebound tomorrow?
Any technical signals involved?
If you re-enter what's your favorite and why?
That's funny as hell Earl… Pure honesty there my friend! I guess that's why you don't subscribe to their service… LOL.
I consider AmericanBulls to be a sledgehammer approach. Nothing subtle or clever.
Not timely or safe. No awareness of old or new news. Dumb as a rock.
In spite of all that, it does pretty well at times.
Thanks Earl.
The issue here is speed of reaction. Take for example ERX. American Bulls still has it a sell due to the big drop today. However, a speculative buying at the closing today @$25.79 would have already yielded a profit after hours. And one could sell in the morning in the $26-27 range. (by way of example).
BTW it's a good service; I am just making conversation here as to whether signals issued are truly timely vs. safe.
I did not but Iam seeing more and more gloom and doom. I have no long positions and am not interested at this time.
I subscibe to Weiss, Neener and hey are talking later in yera for a major drop. The guy on Market watch is just plain go for your guns. Of witch iam well armed.
i will try to listen to a replay of the bam
AmericanBulls has a VXX described as IPATH S&P 500 VIX SHORT TERM FUTURES
It's rated a Hold.
The buy was at $24.10, closed today at $30.19
You can see it at
http://www.americanbulls.com/StockPage.asp?Comp…
No subscription required for the simple lookups.
What's the position on VXX?