Wednesday, December 3, 2008


sold 100% LONGS.


30% CASH is QUEEN.

Game Plan I: get short, stay short.

Game Plan II: hedge with DEC calls on ??? short term rally, long term death.

p.s. FXP is the devil.


Anonymous said...

all in Faz 70%

BUY ON THE DIP said...

70%...The amigos, faz, spec puts on FRO,SPLS,HPQ.

Ragin' Cajun said...

Ha. I made that round trip with you today. Ended up negative on the day because of that FAZcrack.

Long a boatload of ERX into the close.

BUY ON THE DIP said...

thirsty bear hungry for blood.

we will hibernate until these positions are profitable.

no more changing directions every other day. no more 1/2 long, 1/2 short, hedge of confusion.

get short, stay short.

our original plan:

add 2x iETFs as DOW breaks 8800.
add 3x bears as dow breaks 9200.
sell children if dow breaks 9600.

p.s. the "we shouldn't go higher, but we are" rally can't last forever.


Danny said...

No bailout for GM...oooh my SKF, SRS, and FAZ looking good for tomorrow and Friday!!!

Mattyrye said...

I had dreams of a set up like this, i never thought they would come true...Long every inverse ETF that exists on this planet..

Anonymous said...

You should use the picture of the movie "Get Shorty" to pass the message, just another idea for future selloffs. :D

Thanks for the info,


Troy said...

this market is frustrating. It should go down. GM will have a prepackaged bankrupcy, jobs number will be bad. Stupid treasury needs to be quite.

Jana said...

A covered call on FAZ is a fucking fantastic idea - why didn't I think of this?

Bought at 55 - you could sell the Dec 55s for around 12 bucks right now. Even the 65s are going for about 8 fitty.

The spreads are as wide as a whore's legs in front of a millionaire, but the price is so lucrative to sell.

Thanks for the idea, darling.

Anonymous said...

why fxp devil?:)