Another Day Of Raking It In

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September 23, 2008

With today’s spectacular short in the indexes (heavily) this morning I ended up with an average gain of 4% across buying the inverse SPX, RUT, and NDX today. I cashed out of all short positions at the close.

The buy this morning in ACI went to a loss, but it got worse after I let it go, so I made a good trade there by selling it.

These two trades are small EXM and CALM.

I still own EXM, again, now a value play. Down 14%

CALM still @ breakeven from my buy.

The futures are spiking large on the backs of Goldman Sachs’ liquidity injection via Warren Buffett taking a 5 billion stake. This pump job may be another opportunity to get short, but I want to see how the morning plays out.


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  • http://www.stockrake.com StockRake

    A few stocks turning up:

    FXF – Swiss Franc currency ETF.

    SNDA, HANS (on a pullback)

    I'll post more as I find em.

  • stoxstar

    What are the tickers for the RUT, SPX and the indexes you short. What are the actual symbols?
    Thanks

  • http://www.stockrake.com StockRake

    Inverse Rydex Russell 2000 2x fund: RYIRX

    Inverse Rydex NDX 100 2x fund: RYVNX

    Inverse Rydex SPX 2x fund: RYTPX

  • http://www.stockrake.com StockRake

    But you can use the inverse ETF's as well:
    TWM, QID, or SDS which are also double beta will accomplish the same thing.

    I use Rydex, because I have most of my $ at Rydex and it allows me to trade between these funds with no commissions. However, you will pay a price in terms of flexibility. There are only two trading windows at Rydex. 10:30 and 3:55 everyday as opposed to buying and selling when you want with the ETF's.

    This is why I trade both the standard etf's in a brokerage account as well as Rydex.

  • http://www.stockrake.com StockRake

    Inverse Rydex Russell 2000 2x fund: RYIRX

    Inverse Rydex NDX 100 2x fund: RYVNX

    Inverse Rydex SPX 2x fund: RYTPX

  • http://www.stockrake.com StockRake

    But you can use the inverse ETF's as well:
    TWM, QID, or SDS which are also double beta will accomplish the same thing.

    I use Rydex, because I have most of my $ at Rydex and it allows me to trade between these funds with no commissions. However, you will pay a price in terms of flexibility. There are only two trading windows at Rydex. 10:30 and 3:55 everyday as opposed to buying and selling when you want with the ETF's.

    This is why I trade both the standard etf's in a brokerage account as well as Rydex.