Long C & Short LM
Long (2X) financial bull UYG & Long (3X) financial bear FAZ.
Long DXO, WTI, CLNE, FCX, GOOG, AAPL
&
Short MON, long (2x) Real Estate bear SRS
You have to stay hedged in this market.
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Hey, Cajun –
After your buy of SRS @ 91.+, at what point to you look to add if it drops a bit? Is there a general rule you stick to or something?
Thanks.
With my buy today, my cost basis is around $84. I wanted a little more exposure today, but obviously my timing was off on the trade.
I believe SRS is a buy anytime under $100, and will sell north of that price.
As of now, i will only add to it if we get a super spike in the market and panic sellers take down SRS.
Got it. Thanks!
SRS got fucked into the ground today. I am starting to believe that all these 2x Bear ETFs will go the way of FXP. With lower and lower spikes until eventually they succumb to the selling and just set new low after new low.
SRS poleaxed! Was not expecting that, i may have to buy URE to hedge that POS, we’ll see what Monday brings.
love that MON short RC!!! 69.73 -4.07 (-5.51%)
p.s. SRS for 2009!
http://www.shareholderrep.com/bubbles.html
Enough with the LM short already…….sell that turkey or suffer massive losses. You have been given the “heads up” no more help for you on this matter.
LM is at 20 now…What’s you exit plan? Where is your stop? Hedged is not an exit plan….it’s holding a loser when you should have cut it lose at 18.
RC: What’s the status on the release of the PPT?
LM blows.
Jeff, January ’09
Just because something has gone against you doesn’t mean it isn’t a good trade. LM is a dog, and time will only tell. Just because something went up doesn’t mean it is fundamentally sound.