With this historic day, I’m happy to say I avoided it. In fact, I profited a little bit too. Like I said on Friday, “Seriously, my year has been phenomenal already, up near 30% while the rest of the market is down -20%+. The prudent thing for me to do is cash out and wait. [...]

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An old article from The Street.com will give you the background on the market myth, “Sell Rosh Hashanah, Buy Yom Kippur.” Tonight is Rosh Hashanah for those not in the know and we have possibly an excellent buying opportunity. Will I be buying? Nope. I touched on this myth last year.
In the meantime, enjoy some [...]

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That DXD trade was on the money. The Dow is down -682 right now, NDX down -8% (I’ve never seen that number before), The Rut down -11%. While everyone is getting waxed today, I’m safely in cash.
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Dumped DXD @ 64.84 = a very fast 3%.

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Title says it all. Picked up some DXD (small position) to make some money if we do see a print of Dow -500. In @ 62.89.

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Well it was nice knowing you Wachovia. I’ve been banking with First Union for about 6 years before Wachovia took them over. My first serious bank account was with them going back to college. Wachovia screwed themselves with the purchase of Golden West “Toxic Paper” Financial. They blew themselves up with that transaction.
Thanks for the [...]

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Well the bailout draft is likely coming today. I can’t see it NOT coming today. The government simply won’t allow a crash to happen. There is way to much to risk to not throw a $700 billion band aid at this. Plus, the government has endless money and until you understand where that comes from, [...]

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I like money better than losing it.
Sold:
RIG - 3% loss early this morning
EWZ - 3% loss just before this post.
EXM - Throughout the morning. For such a small FRIGGIN position I lost a nice chunk on it. 25% loss taken in EXM. Their docks, their ships all can f off. I like my money and [...]

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Seriously, my year has been phenomenal already, up near 30% while the rest of the market is down -20%+. The prudent thing for me to do is cash out and wait. I know I just posted about wanting to get long, but really, why force it?
The market will screw over the most people most of [...]

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Get ready for when the the brown stuff hits the fan, but I’m likely adding to my longs today if we continue to get weaker or close right here. However, I may cut this morning and wait to see if that weakness materializes.
I can’t see the government allowing a crash to happen unless all the [...]

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I’m getting cute with my titles, but I am stalking some China stocks today.
SNDA - which I mentioned a few days ago, looks the best for longer term swing trade.
NCTY
GIGM
FMCN - As a short term trade.
Attempting a lite long in the NDX and RUT with the afternoon pullback.

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I sold my index shorts this morning taking the loss and walking away. This morning’s upmove just shows there is probably a larger down move brewing in the not too distant future (October). I may have gotten out early and we could close flat, but we’ll see. The position I had on was roughly a [...]

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I decided to put an index short on at the close in both the RUT and NDX. I’m looking for an extra volatile day tomorrow starting with, hopefully, a gap open lower and then a move lower after that. However, by the end of the day maybe a hammer candlestick. As long as I get [...]

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Bought ACI again today @ 41.67
Bought RIG @ 125.17 (had it lower, but miscalculated what I could afford to purchase and order didn’t go through)

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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 [...]

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A couple of thoughts on some stocks that are possibly making moves here.
1. The Dry Bulk stocks are acting like crap and I was obviously early on EXM. In fact, I’ve lost my buy signal. It is now a value stock. Due you due diligence on TBSI, DRYS, EXM, GNK. This may be related to [...]

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