Monday, October 13, 2008

Who wants the DOW to close up 777?

we do!

the ETF Basket of JACKPOT LOVIN'!!

up 37.43%


(guess we took some profits on UYG, UYM, and DIG a bit too soon, good thing we just sold 1/2)

go team!


BUY ON THE DIP said...

hey look at that!!!

+777.21 (+9.20%)

BUY ON THE DIP said...


9,263.52 +812.33 (+9.61%)

BUY ON THE DIP said...


9,392.47 +941.28 (+11.14%)

hmmmmm.... its fun being wrong!

Anonymous said...

up 962
Dammit I wish i sold some of my stuff but I was only expecting about a 5 to 6 hundred gain

Hoping the gap up tomorrow big then selling 75% of my holdings

Then looking to short the dip etf basket

Anonymous said...

yea me too.. going to short

cl said...


BUY ON THE DIP said...

The ETF basket of FUN!

biggest gainer:

DIG 47.53%

we sold 1/2 up 33%, and looking to unload the next 1/2 when dow breaks 10,000!

then we'll get short with the rest of you.

Anonymous said...

Today was insane, how much money did you make BOTD?

Anonymous said...

The Federal Reserve led an unprecedented push by central banks to flood the financial system with as many dollars as banks want, backing up government efforts to revive confidence and helping to reduce money-market rates.

cl said...

US - Housing Market Index (Oct , 2008)

Announcement Date/Time: Thursday, October 16, 2008, 1:00 PM

Reporting Period: Oct , 2008
How does this affect the market?

The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes: present sales of new homes, sale of new homes expected in the next six months, and traffic of prospective buyers in new homes. (National Association of Home Builders/Wells Fargo)

This provides a gauge of not only the demand for housing, but the economic momentum. People have to be feeling pretty comfortable and confident in their own financial position to buy a house. Furthermore, this narrow piece of data has a powerful multiplier effect through the economy, and therefore across the markets and your investments. By tracking economic data such as the housing market index, investors can gain specific investment ideas as well as broad guidance for managing a portfolio. Whether the housing market index reflects new home sales or home resales, once a home is sold, it generates revenues for the realtor and the builder. It brings a myriad of consumption opportunities for the buyer. Refrigerators, washers, dryers and furniture are just a few items home buyers might purchase. The economic "ripple effect" can be substantial especially when you think a hundred thousand new households around the country are doing this every month. Since the economic backdrop is the most pervasive influence on financial markets, home sales have a direct bearing on stocks, bonds and commodities. In a more specific sense, trends in the existing home sales data carry valuable clues for the stocks of home builders, mortgage lenders and home furnishings companies.

cl said...

From KB Homebuilders 10-Q

During the first nine months of 2008, difficult operating conditions prevailed across most U.S. housing markets. The supply of unsold homes in the marketplace rose substantially, exacerbated by record-high foreclosures.

Homebuilding revenues decreased by $861.5 million, or 56%, to $679.1 million in the quarter ended August 31, 2008...

$8.63 diluted loss per share!

BIG DROP!! and this is just a hunch, but I have a feeling the 4th qtr won't be much better..

If this is depressing anyone let me know, I won't post anymore, but knowledge is a weapon

BUY ON THE DIP said...

home sales #'s will be misleadingly good.

be careful.

it should provide a better opportunity to get short.

cl said...

I hear you, I own puts but not betting the ranch on it, anything can happen...

cl said...

probably be another pop tomorrow....watchin Dow futures...

cl said...

being a bear is not as fun as being a bull...being a bear is kinda like being in vegas and betting against the guy rolling the dice when he's standing right next to you...indirectly hoping he fails...anyway.. long day.. goodnite

BUY ON THE DIP said...

and home builders, terrible business

no financing and no buyers, just terrible.


.... "used" homes might be selling, but new ones? ha.

BUY ON THE DIP said...

+30.49 (27.47%)