On October 14th I mentioned that shorting gold might be a good idea. Although I didn’t participate in this trade, I mentioned the setup was there. Why I didn’t get involved in this one? Funds wrapped up in my previous ideas + funds settlement hell.
From October 14th 2008:
Where we are now:
Well we now know that [...]

• Comments

Nailed 4% and 4.6% on my NDX and RUT positions, plus an additional 3.4%ish from the morning trade window over at Rydex - A very nice trade today. I also managed to buy TWM and QID this morning and took my gains in those ETF’s this afternoon a little early. Both TWM and QID did [...]

• Comments

Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

• Comments