iBankCoin

Fly Buy: ZSL, TLT

I bought ZSL, in an effort to bank coin.

And, I allocated 10% of my assets in “The Hugh Hendry” aka TLT

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23 comments

  1. john

    What a dead market. Air has been sapped out of this market. I don’t got in edge in a churning market, so I’m heading to the sidelines until market action returns. Would have loved to generate some returns for this month, but I have yet to develop a profitable strategy to scalp for points in periods like these. Guess now is a good time like any other to start cracking on that again.

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  2. Trading_Nymph

    USA, USA….oh little dollar I am so proud of you. OMG, do I finally get to see this stupid bubble finally pop?

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    • xochi

      WHY is the dollar higher, riddle me this? Theories, answers, anybody?

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      • ecchymosis

        In the land of the blind, the one-eyed man is king

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      • Geomancy

        Currently less ugly than the Euro. The drop in gold is less understandable but I am a squirrel on this interstate

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        • Trading_Nymph

          China Import Numbers of a 40% drop in Copper,etc. Strong NFP data. But I and only a few others saw the connection…looks like the rest of the market is finally catching on…bubbles are so slow to react.

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          • Geomancy

            I hope you are making bank these days…props for sticking with your thesis

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          • Po Pimp

            This is going to be like every other “correction” since March 2009. But really, can we call a 1.4% decline a correction? I think not.

            Just when you start to stain your panties the market will reverse and take off again.

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    • razorsedge

      …i know someone who say it, n bought tza

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    • Po Pimp

      Oh no, the market is off 1.4% from the April highs.

      WE’RE SO FUCKING DOOMED!!!!

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  3. john

    Still waiting for the other shoe to fall on WNR, as it looks like it is about to fall off a cliff (-5+%), especially if crack spreads continue to ease up for the interim.

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    • WNR is a Looser
      WNR is a Looser

      Yep WNR is toast. As I have been saying for a while, WNR ran up in expectation of high crack spreads. Now that they are a reality, the stock is staying at elevated levels. Once spreads come back dow, which they historically do in rapid fashion, WNR will drop 50% in a matter of weeks.

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      • john

        I don’t care where WNR trades. Up, Down. As long as I’m on the right side of a good trade. If it goes up from here so be it. Equally for a down move. I’m just looking for good odds to my money either way, which lately has been extremely mediocre.

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  4. riggedgame

    Your ALJ and AG are killing us. So is Cramer, who yesterday said “buy opening dips”
    and who recommended BTU. I think we are in the process of getting fucked.

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  5. FIG

    I understand the TLT play, but ZSL? A bit late to the party on that one. silver may drift lower, but it won’t be a spectacular move like we had recently.

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  6. alphadawgg

    Recurring clown raping going on as market tries to find someplace to “rotate” to. This market is barely keeping it together at this point, and summer is almost upon us…floods, Chinese fuckery, terrorist plots, and all.

    I have a mind to go to all cash at this point…..currently at 73%.

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  7. Hugh Hendry

    My time has arrived again. All shall love me and despair!

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  8. Juiceyfruit

    ruh roh … Timbo Knight & da Flea on the same page http://slopeofhope.com/2011/05/bond-fund-beautifully-based.html

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  9. Blind Read Ant

    Few will read this, but some forecast that QE 2 is dispensable as technical accounts of the latter two treasury interventions provide a QE 3 for 2011.

    Emotionally, yes, a dive since Q1’s W2, but sill trading the tape. Greatest luck!

    I like a weakened NZD based on USD and EUR fundamentals… . FEquities?

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  10. Melita Stenstrom

    Only wanna state that this is invaluable , Thanks for taking your time to write this. “The least of learning is done in the classrooms.” by Thomas Merton.

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