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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
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