Nobody likes the way the market is trading. Everyone, and I mean e–ry-ne, will be apathetic and give up. Starting today. Those weak hands will be crushed and they won’t eat their dinner or breakfast for two days.
Enjoy Apathetic Wednesday.
Is it time for me to post the Smokey and the Bandit video to get this [...]

• Comments

Well sort of. I’m long from October 3rd in the leveraged mutual funds which has been well documented already, and today was a part of the massive comeback that I knew was coming. Eventually this trade will become profitable and I’m guessing by this Friday’s close or the next or the next one after that [...]

• Comments

East bound and down, loaded up and trucking, we going to do what they say can’t be done.
We’ve got a long way to go and short time to get there. I’m east bound just watch ole bandit run.
Keep your foot hard on the pedal, son never mind them brakes, let it all hang out cause [...]

• Comments

If I have to put my face on the line to save the free markets I will.
I’m not shaving until the market prints a green close.
See if you can deal with that market!

• Comments

I’m putting that trading account money to work on a gap down tomorrow and it looks like that is happening due to another slaughter in the Asian markets. I think the Lehman CDS auctions tomorrow are important and that uncertainty will be gone from the market around lunch time. Today was the washout and tomorrow [...]

• Comments

I’m getting rolled over today in my position. Going long at the exact wrong time, but I’m not done. I’ve just lost profits and with today’s down move I’m cutting into core money now. I feel terrible for anyone caught in this - including me.
If there are any stock bloggers that are quitting, it may [...]

• Comments

What a week! I don’t mean good either. I went long heavily on Friday and what a bad time to do that. Since then my leveraged ETFs took losses of 17-19%. My QLD calls dropped by 75%. However, I sold out today of the leveraged ETFs and am in 100% cash in that portion of [...]

• Comments

I like seeing where visitors to StockRake have come from. I get a lot of visitors looking for double beta long etfs and inverse etfs. During this turmoil, I’ve had tremendous traffic spikes for people looking for the inverse etfs - naturally. A bottoming sign? Probably.
I particularly like looking at the map though. One recent [...]

• Comments

In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks [...]

• Comments

I posted about my feelings and what I think has happened during these past two days here.
If anything I hope it brings some levity to the two day dismal disaster. Hey some of you may have been trading fast while I’ve been playing the swing trade. If so you are kicking my ass and congrats.
There [...]

• Comments

Panicked and apathetic yet?

• Comments

Fed buying commercial paper.
Its the Fed, the world, the PPT and they are about to rip the short’s face off.
If you didn’t cover yesterday, and you decided to go against me and these signals overnight because you thought BAC still matters to the markets. You are fatally flawed. Today’s move will likely make the Friday [...]

• Comments

I’m watching and waiting for tails to develop in the indexes, the VIX, and the VXN.
I like to talk as if you can already visualize the charts and that I don’t need to repost them, however, I do. I look at a million charts every night (actual number), but people love to see ‘em anyways. [...]

• Comments

As I’ve already posted that I’m long heavily. It is therapeutic to talk your book. Everyone does it because everyone is typically nervous about being wrong to some degree. During these times those feelings are heightened a smidge. A gap down open is what I need and what I want to see. It spells temporary [...]

• Comments

I bought the market today heavily. I bought UWM, QLD, and QLD October 49 calls (bought them early and I bought the strike I didn’t want). I bought the calls in a frenzy lining up other trades and realized I got the strike I didn’t want, but I’m sure its going to be fine because [...]

• Comments