BuyOnTheDip.com ~ Trading Stocks and Options!: * The MOMENT of TRUTH *

Thursday, October 9, 2008

* The MOMENT of TRUTH *

This SIDEWAYS market wants to go higher!

9,113.14
-144.96

(-1.57%)

BUY "ETFs" ON THE DIP!
RALLY TIME! or STOP LOSS?

... which do you prefer?

27 comments:

BUY ON THE DIP said...: TROW down 9% , hit new 52 week low today, .... we just took profits.

T{H}ROW in the TOWEL wins!

PUTS OF POWER!; October 9, 2008 at 11:29 AM
BUY ON THE DIP said...: why did we sell our STI puts yesterday!!??!!!

doh!

34.70 -7.05 (-16.89%); October 9, 2008 at 11:30 AM
BUY ON THE DIP said...: TAN is within pennies of hitting our stop loss.

DOW is diving...

9,074.60 -183.50 (-1.98%)

new lows?

is anyone else buying ???

BUY BUY BUY! with tight stops!; October 9, 2008 at 11:40 AM
BUY ON THE DIP said...: GAME OVER.

STOP LOSSES HIT.

total loss (-0.74%)

DOW BROKE 9000.

good bye. 7,700?; October 9, 2008 at 12:04 PM
BUY ON THE DIP said...: look to rebuy above 9000.; October 9, 2008 at 12:07 PM
Anonymous said...: damn; October 9, 2008 at 12:24 PM
Anonymous said...: feels like other down day today.

WHERE IS A GOOD DIP TO BUY ?; October 9, 2008 at 12:29 PM
BUY ON THE DIP said...: only 4 things working...
.... puts of power!

BIG 22.56 -1.30 (-5.45%)
URBN 22.90 -0.93 (-3.90%)
BWLD 32.97 -1.68 (-4.85%)
COF 33.18-2.61 (-7.29%)

looking to take profits at the buzzer...maybe ;-(; October 9, 2008 at 12:33 PM
Anonymous said...: Q ON UYG ETF

1.can the uyg go to zero

2.can they can go away?; October 9, 2008 at 12:34 PM
Anonymous said...: This is why I'm out of the market.

FYI, gold now positive for the day, up 10 bucks, run to gold is far from over.; October 9, 2008 at 12:47 PM
BUY ON THE DIP said...: this is fucking nuts.

thank the lord for our stop losses!!!!!

the moment of truth sure was telling... jesus.

END OF DAY:

sold our URBN puts, nice profit.

bought UYG @ 8.45 ..and UYM @ 23.33....not sure why.

peace be with you.; October 9, 2008 at 1:10 PM
Anonymous said...: ouch is all I can say.; October 9, 2008 at 1:20 PM
cl said...: per FDIC 1 in 7 banks will fail....; October 9, 2008 at 1:23 PM
cl said...: the upside is that when this all over, we'll see a bull market like no other; October 9, 2008 at 1:36 PM
Anonymous said...: bull market may take 3-7 years to really get cranking. Keep that in mind. America will not have a fast recovery, unless we invent some new product the world really wants and can't produce like we can.; October 9, 2008 at 1:38 PM
Anonymous said...: sitting in all cash for past 2 weeks...market is, how do i say this appropriately...FUCKED! wait for dow 7000!!!; October 9, 2008 at 3:03 PM
Anonymous said...: Grabbed UYG at 9.32, here's hoping for a pop tomorrow.; October 9, 2008 at 3:27 PM
Anonymous said...: I think this is a good time and a good switch to BOTD, with POTP the fact was we knew things were overpriced and would be worst. Our money was made when the market had finally realized it. Now its different TOO MUCH TOO FAST which fucks puts but has a lot of stocks seeming very attractive. I figure open very small positions and watch it ride.
Still day trading however long on oil, basic materials and hell even some financails. Very small positions; October 9, 2008 at 3:33 PM
BUY ON THE DIP said...: yeah, you like how we switched to BLACK and the BOTD bull logo last night!!??! WTF!!! could we have been more wrong/early.... ?

i guess HOPE & PRAYER isn't an effective trading strategy.

but if you look at SMN, SKF, etc.. all the inverse ETFs, they have that bubble top look. whatever.

p.s. we are happy about using stop losses effectively, usually we dont display much discipline ... today it saved our ass.; October 9, 2008 at 3:47 PM
cl said...: spot prices for steel got hammered today, and who knows when they'll go back up..... and exactly what do the banks balance sheets look like?...I think this uncertainty is why the market is so beaten....nobody knows how deep this shit really is...just look at the VIX!!!; October 9, 2008 at 6:02 PM
Anonymous said...: SDS,

GO TEAM; October 9, 2008 at 6:15 PM
Anonymous said...: GOLD/SILVER!

Go TEAM!

:-); October 9, 2008 at 7:42 PM
BUY ON THE DIP said...: No way Bells is bigger than Wiamea, bro!; October 9, 2008 at 8:39 PM
BUY ON THE DIP said...: jd,

we were talking with a buddy tonight, he said gold should have a 1/10 relationship with the DOW...

8579 DOW ... $857.90 gold

thoughts?; October 9, 2008 at 8:48 PM
Anonymous said...: CAN YOU MAKE THE BACK AROUND PINK , NOT BLACK

THOUGHT

SARA; October 9, 2008 at 9:11 PM
Anonymous said...: BOTD, gold is not relevant to DOW, the dollar and supply/demand are the drivers. The dollar should not be rallying like it is, it should be falling sharply soon, this will send gold even further up. physical demand is very high as AL currencies are inflated and trust in the financial system is lost. I still say gold is gold. I've got physical gold and silver and I am not selling until it is like $1500-$2000/oz.; October 9, 2008 at 9:52 PM
BUY ON THE DIP said...: we keep buying the buzzer, LONG ETFs! yay :-( hoping for that 'choke , choke' relief rally, ...

when it comes, if it comes, gold should dip unjustly ... we'll add to our DGP position when it does.

go team.

thoughts on SLV?; October 9, 2008 at 10:17 PM