Getting Long For Countertrend Rally

Home / Market Comments / Getting Long For Countertrend Rally
February 23, 2009

I’ve added to my DRYS calls under my avg price now of .63. Wish I sold on the open once again, but I like the way its working out in the charts for further upside.

All the major indexes are at what I perceive as unsustainable oversold levels right now for the next 1-2 days. I’ve purchased TNA and TNA calls and I don’t plan on getting out till they are profitable based on this oversold condition.

Glad I dumped EGLE calls. Geez EGLE careened off a cliff.


Tags list


Related Posts

I’m Going To Try and Time This Perfectly
Leveraged ETFs, Leveraged Funds, Options
I said this on Friday, “I have some decent buy signal on the COMPX here, but I think there will be carry over into next week. I’ll look to go...
Position Update
Alternative Energy, Gold Stocks, Leveraged Funds, Technical Analysis, Trades
Long: 50% 2x NDX, RUT funds. Made a mistake cutting back from 100% position, but was really being a chicken. At least I’m long riding signals I...
I’m Long This and An Update
Leveraged Funds, Trades
100% long both the 2x NDX and 2x RUT JASO, JASO March 8 calls up 6.3% and 25% in the calls SOL varied up and down on this one amongst the accounts I...
Recap Of Gains and Losses Today Plus Charts
Alternative Energy, Gold Stocks, Leveraged ETFs, Oil Stocks, Technical Analysis, Trades, Uranium Stocks
I was busy this morning and made a bunch of trades that I didn’t have time to tweet out. I had free time later in the day and was able to...