Bought UYG It Will Be My Bitch Today

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October 15, 2008

Bought UYG @ 11.52

It better not screw me over, or else I will wrap its testicles around a stop sign.

UYG looking a hair stronger than everything else. I like USD as well here. No thats not the US dollar, although I like that too, its the Ultra Semiconductors double long ETF.


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  • http://www.stockrake.com StockRake

    Out @ 10.89 5% loss

  • jag

    you are wrong consistently why do you even blog???

  • http://www.stockrake.com StockRake

    Can you please suck my balls. Please.

  • stoxtar

    LOL! don't pay attention to jag. It takes balls to be upfront with your trades. Stockrake has been on the right side of the trade numerous times to count. Got caught in the recent downdraft…but who wasn't?

  • joe

    stoxtar…idiot!

    SR, I see you've been way too optimistic. Fundamentally, the game has changed. This Financial mess isn't like any other recession we've been through. I don't think we can even price this in. The bottom has yet to be found, can only play the swings. Going long is very tough to do here.

    All indicators are hitting areas we've never seen before hence my belief in the game has changed.

    Anyways, hang in there…I still enjoy your analysis and honesty in your trades.

  • http://www.stockrake.com StockRake

    We still don't know if the game has really changed in regards to indicators. I've been wrong for 8 trading days now on my long trade in my index funds trade that I'm getting shalacked on, but have profited with trading the etfs in between. Now its been 8 trading days – a terrible 8 trading days. Before this move I was up quite nice for the year when the market was down 25%. I'm not panicking here, because if I do…..it will be the wrong move. PS I'm trapped in that trade for now.

    Today the UYG was a 5% loss and if I didn't get out @ 10.89 I would have lost an additional 7.5% or more than double my loss because UYG closed down to 10.08 or 12.5%. It was a GOOD MOVE losing that 5%. You take a shot and you live with it.

    Recently on the 932 pt dow day I achieved a 50% gain in UWM and a other high gains in QLD and UYG by buying the exact low on 10-10-08. Two of my trading accounts and my Simple IRA are getting closer to account highs after those trades.

    Now back to the idea of “things” being different. We don't know if we will see a 1200 pt move higher on the Dow. We just don't know, but we DO know its now possible.

    If the indicators are the same and the only difference between history and now is that the amplitude is higher for these moves, then that means we should have a large move higher sometime in the future.

    Was I too optimistic? I don't think so. I was just following my indicators and the statistics of those indicators. I gotta gather up the statistics results to an exact measure before I say, but they are HEAVILY skewed to the market going higher whenever the market hits these levels.

    This is not to piss you off or anything, but the comments regarding to thinking the game has changed appears to me to be apathy. That could be my bias talking though.

  • Steve

    Hang in there SR. Great blog! Thanks for sharing your work with us.

  • AnyIntelligenceHere

    Bitch? Testicles?
    Is your vocabulary stuck at a high school level that only knows profane words to make a point?

  • http://www.stockrake.com StockRake

    What? Testicles is the proper anatomical term. Everything else is just plain immature, but since I'm a 3rd grader in advanced classes what do you expect anyways?

  • http://www.stockrake.com StockRake

    What? Testicles is the proper anatomical term. Everything else is just plain immature, but since I'm a 3rd grader in advanced classes what do you expect anyways?