Thursday, December 11, 2008

POP Champagne! ~ ProShares UltraShort Real Estate (ETF)(Public, NYSE:SRS)


Inverse ETFs "were" worthless.

95.62 +18.90 (24.64%)

the SRS holiday card *click here*

> Remember Rule #5
FAZ 48.61 +8.42 (20.95%)
SRS 95.62 +18.90 (24.64%)
SDP 75.63 +1.63 (2.20%)
SKF 128.88 +17.18 (15.38%)
EEV 58.08 +2.22 (3.97%)

p.s. is FAZ above $55 yet?

32 comments:

Big Mike said...

lol thats a cool card.. i bet ben franklin never thought him and the queeen would be singing that song

FAZ hurry up and go to a 100%+ from 55 i still have shopping to do!

Defleming said...

Ok, for us new to your blog...what is rule #5?

BUY ON THE DIP said...

rule #5

"don't get all happy. shit always goes the other way."

or just ....

"don't get all happy and shit"

.... use emotion as a indicator to take profits or at least add some sort of hedge. Whenever we think "I am the greatest, this is easy" ... we get our ass handed to us by mother market.

BOTD "the humble trader"

kevin said...

http://engprof6.com/FMPage6.html

Red-red wine baby! Tomorrow looks like a majassive sell-off. Faz at 55$ tomorrow and beyond. Christmas for the amigos comes early this year boys. Show me them titties!

DaveTX said...

I am new to the site and just got into SRS early in the day. Looked like the market was on its way up so I jumped out after I made a few, but got out too early. Do you all think it will go up more tomorrow? What is the best way to predict this stocks movement, IYR?

Thanks in advance.

Mattyrye said...

The Maddoff fraud story is going to send ripples thru the market, this will be worse then worldcom, enron, and tyco combined as far as fraud goes. These guys are the real market markers..hold on tight..

kevin said...

lol that musical thing was awesome. Hey botd, what do you think will be the reaction of the market upon the bailout?

jbreedlove said...

Bailout appears dead as of 11pm ET. Dow futures are down 277 to 8293.

I feel like there's no way this bailout dies completely, I would think Congress would pass something this weekend or beginning of next week. What do you guys think?

Mondo said...

Break out the champagne glasses and the motherfuckin condoms, have one on us. Ain't nothin but a shorter party.

Anonymous said...

were can you check the Dow futures

Anonymous said...

Dow Jones -350.00 8220.00 12/11 11:19pm

kevin said...

sweet titties botd, sweet titties. Better mark that faz55 up on the board... BOOYAH! BOTD ALWAYS WINS.

Ps. looking to get long other inverse etf's for the ski trip. any suggestions?

Kevin

Kidd Jones said...

mondo

cnbc.com

check pre-market data in middle left page

p.s. kevin if you are just now getting into the inverse party you might be late by the open

Anonymous said...

Kidd Jones....

No one's ever late to the inverse party. Today's a perfect example. SRS saw its low @ 10:24.... Hour after open. As this blog is titled, you buy on the dip, not the clock.

jbreedlove said...

Bloomberg.com is a good place to see futures, just scroll down the right side and click on the futures title.

Troy said...

what happened to the pops?

Mondo said...

FAZ 57.00/57.50

I sold my FAZ last week, though. Holding SKF at 117.50 from Wednesday. There's a good chance we'll hit 8150 today, is it going to bounce or will we break through?

Anonymous said...

when PPI data will come today

Smokey said...

whats with the GS calls?? down 45%!!

Big Mike said...

BOTD

appl still going to 108?

i saw you sold half

BUY ON THE DIP said...

the FAZ, SKF hedge...hmmm.

not working so well, eh?

BUY ON THE DIP said...

AAPL , yes to $108.

Anonymous said...

you want to get out of skf,faz?

botd

BUY ON THE DIP said...

"calls with confidence"

BUY ON THE DIP said...

"you want to get out of skf,faz?"

NEVER. NO.

hold for 2009!... The Amigos (SDP, EEV, SKF, SRS) and FAZ.



just buy em' , then trade calls.

Anonymous said...

GO TEAM

Anonymous said...

BOTD why do we rally on bad news,what is your take on that

Smokey said...

Hey BOTD! How about a special weekend edition with the "BOTD Rules of Acquisiton"??? List all the rules that have been accumulated throughout the history of the site. The team would be forever grateful.

What about a year end recap of some of the most successful trades and a listing of current positions with recomendations or predictions for the near term???

Thanks

Anonymous said...

botd that would be great

BUY ON THE DIP said...

you're gunna make us do work?

homework for me = homework for you.

deal?

BUY ON THE DIP said...

BOTD Homework ASSignment #1
*coming soon*

get out your #2 pencils.

Anonymous said...

Hi,

Once again after crash Nifty has started going up. Now we suggest all rises should be used as an opportunity to exit old long positions.
This bull run will continue for few more days. Overall market is in bearish mood as in medium term its just a small rally due to short covering
and result season.


Happy Trading,

ShareGyan