ironfist 7 posts msg #59502 - Ignore ironfist |
2/6/2008 11:48:40 AM
Just ate a 30 cent per share loss shorting KMX.
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hawthorne 3 posts msg #59503 - Ignore hawthorne |
2/6/2008 11:49:44 AM
johnpaulca: another great call on gld!!!
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johnpaulca 12,036 posts msg #59507 - Ignore johnpaulca modified |
2/6/2008 2:09:10 PM
GLD...short@89....I still think it has more downside than upside...I have a tight stop on it.

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nikoschopen 2,824 posts msg #59518 - Ignore nikoschopen modified |
2/7/2008 2:43:23 AM
It's unfortunate that there isn't an ultrashort Gold ETF. Speaking of ultrashort, SMN (UltraShort Basic Materials) looks very enticing.
BTW, JP, I still think GLD will retest it's previous high. Just don't kill me when it does.
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johnpaulca 12,036 posts msg #59522 - Ignore johnpaulca |
2/7/2008 8:46:40 AM
Niko...I have made good coin on this stock and would be ok to give back a little. LOL
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johnpaulca 12,036 posts msg #59523 - Ignore johnpaulca modified |
2/7/2008 9:45:14 AM
IRM...long@34.60...out@35.40
CEDC...long@55....out@55.8
WTI...long@29.45...out@29.80
tight stops if market turns.
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nikoschopen 2,824 posts msg #59526 - Ignore nikoschopen |
2/7/2008 11:23:08 AM
Just kidding, JP. No doubt, ure a good trader.
I think we will get some kind of a relief bounce in the afternoon. S&P currently touching the ascending trendline from the previous low. Of course, if that breaks then we'll be going down to that low but the caveat is that nothing falls apart on its first blow.
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nikoschopen 2,824 posts msg #59529 - Ignore nikoschopen |
2/7/2008 1:46:34 PM
As expected, bargain hunters are jumping on the bandwagon en masse.
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maxreturn 745 posts msg #59530 - Ignore maxreturn modified |
2/7/2008 2:07:25 PM
Quote from Niko:
As expected, bargain hunters are jumping on the bandwagon en masse.
Question is...assuming the market finishes strong today...will it follow through tomorrow? Hopefully the answer is no for the sake of the SPY put I bought 2 days ago.
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nikoschopen 2,824 posts msg #59533 - Ignore nikoschopen |
2/7/2008 3:21:13 PM
LOL. So does that mean the market will tank just because you bought a put 2 days ago or because it closed up for the day (finally!)? In either case, it ain't looking very good at the moment.
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