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?

30 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!

BUY ON THE DIP said...

why did we sell our STI puts yesterday!!??!!!

doh!

34.70 -7.05 (-16.89%)

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!

BUY ON THE DIP said...

GAME OVER.

STOP LOSSES HIT.

total loss (-0.74%)

DOW BROKE 9000.

good bye. 7,700?

BUY ON THE DIP said...

look to rebuy above 9000.

Anonymous said...

damn

SARA said...

feels like other down day today.


WHERE IS A GOOD DIP TO BUY ?

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 ;-(

Anonymous said...

Q ON UYG ETF

1.can the uyg go to zero

2.can they can go away?

jd 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.

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.

seizure said...

ouch is all I can say.

cl said...

per FDIC 1 in 7 banks will fail....

cl said...

the upside is that when this all over, we'll see a bull market like no other

jd 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.

SARA said...

DAMN,, THERE GOES MY NEW SHOE


FUCK

Jpatel6 said...

sitting in all cash for past 2 weeks...market is, how do i say this appropriately...FUCKED! wait for dow 7000!!!

Mondo said...

Grabbed UYG at 9.32, here's hoping for a pop tomorrow.

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

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.

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!!!

SARA said...

SDS,



GO TEAM

jd said...

GOLD/SILVER!

Go TEAM!

:-)

special agent angelo pappas said...

utah, pappas down 50%...
lazy ass didnt use stop losses
now in a world pain. god it hurts.
stop losses from here on out...wait
wont be trading for a while...emptied my clip
prematurely last week. idiot!

BUY ON THE DIP said...

No way Bells is bigger than Wiamea, bro!

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?

SARA said...

CAN YOU MAKE THE BACK AROUND PINK , NOT BLACK


THOUGHT


SARA

jd 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.

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?

BUY ON THE DIP said...

fuck it, and we'll buy more tomorrow morning too.

you sold me.