- 968
- 11
- Joined
- Feb 28, 2008
turth15- FAZ is an ETF that aims for 3x inverse of financials. Dunno the fees and everything for these ETFs, would you like me to ask my tax attorney? i'llbe exiting these positions when we hit november lows on the indices
finnns2003- interactive brokers. forex is the currency market (FOReign EXchange), IB is my brokerage
superantigen- yes, these ultrashort ETFs are terrible long-term investments now, they have evolved into mere trading vehicles, but getting in and out at theright times can yield huuuge profits, which is what i am doing and suggesting everyone here do
reigndrop- need to see YHOO either bounce hard above or break down below its 50DMA to get some context.. most likely gonna break down and eend up in singledigits again
joe mcknight- we're getting more and more oversold and options expiration is upon us on friday so i would advise against opening NEW positions but if youreholding SRS FAZ or shorts/puts from before, keep holding until there's a reason to sell, which there isnt quite yet.
lazyJ- definitely. citi is an insolvent company.
nicefro- no idea how jpm's earnings will be, we'll ahve to see... i dont think the dow drops below 8k this week, i expect a small bounce into theweekend because of options expiration but you never know in this market, we'll have to wait and see what develops.
finnns2003- interactive brokers. forex is the currency market (FOReign EXchange), IB is my brokerage
superantigen- yes, these ultrashort ETFs are terrible long-term investments now, they have evolved into mere trading vehicles, but getting in and out at theright times can yield huuuge profits, which is what i am doing and suggesting everyone here do
reigndrop- need to see YHOO either bounce hard above or break down below its 50DMA to get some context.. most likely gonna break down and eend up in singledigits again
joe mcknight- we're getting more and more oversold and options expiration is upon us on friday so i would advise against opening NEW positions but if youreholding SRS FAZ or shorts/puts from before, keep holding until there's a reason to sell, which there isnt quite yet.
lazyJ- definitely. citi is an insolvent company.
nicefro- no idea how jpm's earnings will be, we'll ahve to see... i dont think the dow drops below 8k this week, i expect a small bounce into theweekend because of options expiration but you never know in this market, we'll have to wait and see what develops.