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Another Day Of Raking It In
23 Sep
Posted by Sensei @ 11:35 pm on Tuesday, September 23rd, 2008 in Leveraged ETFs, Leveraged Funds, Market Comments, Trades
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.
Tags: aci, calm, exm, futures, goldman-sachs, liquidity, ndx, rut, spx, stake, Trades, warren buffett
View Comments
StockRake
September 23rd, 2008 at 11:47 pm
1A few stocks turning up:
FXF – Swiss Franc currency ETF.
SNDA, HANS (on a pullback)
I'll post more as I find em.
stoxstar
September 24th, 2008 at 12:11 am
2What are the tickers for the RUT, SPX and the indexes you short. What are the actual symbols?
Thanks
StockRake
September 24th, 2008 at 9:12 am
3Inverse Rydex Russell 2000 2x fund: RYIRX
Inverse Rydex NDX 100 2x fund: RYVNX
Inverse Rydex SPX 2x fund: RYTPX
StockRake
September 24th, 2008 at 9:20 am
4But 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.
StockRake
September 24th, 2008 at 1:12 pm
5Inverse Rydex Russell 2000 2x fund: RYIRX
Inverse Rydex NDX 100 2x fund: RYVNX
Inverse Rydex SPX 2x fund: RYTPX
StockRake
September 24th, 2008 at 1:20 pm
6But 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.
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