There is a bear fest going on in the market everywhere you see now a days. There are so many issues lingering over the market’s head right now. Europe, China, USA all being the biggest of the issues.
If it does come to it that Greece defaults, ad china has a hard landing with its growth, where do we end in 3-6 months? We retest 2008 lows for sure? So, after coming down about 15% in the almost all the world markets, do we take a bearish position or is it all priced in already? Or do you take the stance and say enough is enough, I can’t lose on these values and dividends being offered and buy in?
It has been such a long time since I last posted ! Hope everybody stayed alive through the disastrous financial crisis in 2008. It had taught me a lot more than just the roller coaster ride. I had some hiccups in the middle, lost my job and then had to concentrate on improving my work skills and take some time off the market. Got a job after about 3-4 months of losing it, in late 2008. After I worked there for about 6 months moved over to a larger financial firm. I will try to post more frequently though it might not be as frequent as I used to post way in the olden days. Good luck all!
Our persistance with short positions still doesn’t stop Paying !!!!!!!!!
We love this market. We love our SKF, SMN, DOG and DUG.
We are still holding them We are still short financials, AG, OIL.
Long SKF and Short XLF??? What does that yield us?
Some body asked how much we are making:
SKF is ultra short XLF that is 2 times XLF profit
and We are short XLF – that is one time profit
Total profit 3 times the normal Short financials position.
We love this market.
We have been holding SMN and SKF for some time……And we are now shorting the whole market as planned once the market hit the 12700 mark.
We are also making a position here in DUG !!! That should be some interesting move
Short the market and make money .
We just bought them today at 172.50 for one of our clients. Nice push up towards the close on Ambac news. and XLF call buying…….Smell something??? Financials starting to move a lil. Next resistance level at $190.5. We are selling GS at $190.
Good Luck swinging,
Bought at $74 and sold today at $81.5.
Still holding half of them. Will see them at $85
Good Luck Swinging,