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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

BGZ: Bought @ 81.50

RaginCajun Fri Dec 5, 2008 12:50pm EST 5 Comments

BGZ, Large Cap Bear 3X

I have to agree with the rest of the gang and say we close near the lows of the day. However, should this market start to rally I will be all over UYG as a hedge.

Note: The financials are holding up rather well, thus the deviation from my game plan.

Update:

Bear Flag?

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5 comments

  1. Ass Napkin Mike
    Ass Napkin Mike
    December 5, 2008 at 1:07 pm

    Fuck that!

    Short GMXR and walk away. Its will be inder 10 this month.

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  2. RaginCajun
    RaginCajun
    December 5, 2008 at 1:14 pm

    Waiting to see if this market can bust through 840. If it does, I will buy some UYG.

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  3. Ass Napkin Mike
    Ass Napkin Mike
    December 5, 2008 at 1:20 pm

    It will. THe dip buyers are hungry. You can feel it in the air. Get long some FAS

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  4. RaginCajun
    RaginCajun
    December 5, 2008 at 1:56 pm

    took my loss in BGZ, in UYG.

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  5. RaginCajun
    RaginCajun
    December 5, 2008 at 2:04 pm

    Re-bought BGZ @ 76.50

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