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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maxreturn 745 posts msg #59534 - Ignore maxreturn modified |
2/7/2008 3:49:03 PM
LOL. The market should move immediately and substantially in my favor! Seriously though Niko...my time horizon is different than yours. I basically short term trade the SPY off the daily charts and have done quite well. As you very well know it is not unusual to have a day or two go against you. I'm still in the green and my stop hasn't been hit. I don't know how you trade intraday with this type of psychotic volatility.
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johnpaulca 12,036 posts msg #59535 - Ignore johnpaulca modified |
2/7/2008 4:13:12 PM
GLD....still holding...the battle line has been drawn, it will be fun tomorrow. My stop has been tightened...I think it will pop with the market.
Niko...it's guys like yourself and the others on SF that I can thank for being a decent trader. If I can survive as long as you guys have, only then can I call myself a good trader....thanks again and keep up the very entertaining postings.

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johnpaulca 12,036 posts msg #59536 - Ignore johnpaulca |
2/7/2008 4:49:37 PM
Longs for Friday.
DVN...$87.30
MTL...$94
WFR...$74
will sell if the market pop in the morning...I think it will
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