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 [...]

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Its going to be interesting to see what happens tomorrow, but the DZZ (inverse gold 2x) is showing a buy and everything gold is showing a sell here on my charts even though today most gold stocks are UP. I’m not going to participate in the trade since I’m committed already, but I like DZZ [...]

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Posted @ 10:36 am “Its likely though the fear will materialize today.”
NDX 5.31% = 10.6%+ for double beta inverse funds and inverse etfs.
RUT = 9.6%, SPX = 9.4%. I’ve been trading the double beta Rydex funds much longer than the QID and QLD have been around and this was one of the best moves I’ve [...]

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My ABX calls are up 62% right now from yesterday’s buy and I bought some DGP as well.
Gold was mentioned as a potential buy here and here.
I said it last night…market is coming back to reality this morning.
I was heavy short which means every investable penny I have was positioned short. I reduced that exposure [...]

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A great day! 4.6% in the RUT or 4.3% in the TWM. If you don’t know, TWM is an ETF that gives you 2x inverse of the RUT daily close. I cutback my index short at the close significantly to protect profits. I went from being heavy or all in short to lightly short. I [...]

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Yesterday’s analysis was on the money. Oil is up to a new record, gold is moving, market is down big, and this Friday is terrible. My leftover EWZ is going to take a hit, but oh well.
Let the market run its course today it will likely be scary. My plan is to short in the [...]

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Being long the indexes. 2% pop in the NDX. Its the only index I’m long.
I’m worried about tomorrow though with GM’s afterhour 39 billion non-cash charge and what that might do to the market. However, CSCO is afterhours tomorrow and that can save the day/week. The bifurcation between financials and technology is amazing. I know [...]

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Being long. I took profits this morning, but the market had a little more in store. I was happy with my gain. 2% in NDX and 1% in RUT.
INNO - Bounced back in my yearly portfolio. Up 8% today after it dropped big the day before.
AGEN - Busted higher. Up 9%.
JAVA - Continues to perform [...]

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Sold HSVLY (still have some in another account) and sold VSCI (still have it in my strategy account). Took 15% gain in HSVLY (gave up 10% over the last few days) and 5% gain in VSCI.
Bought more GSS. My IRA is overweight GSS now.

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Bought some GSS at 4.11.

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I loaded up the boat yesterday and its paying off because a storm of red has hit the markets this morning on the back of the jobs report. I thought the numbers were very short term bearish for the market and that it will cause a repricing.
Even though I’m staring better than 3% gains in [...]

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I dumped all my Ebay Calls for a big loss. I did it for cap preservation. I think EBAY is still ok, but I’m vowing never to trade it again - every trader has said that before :). I’ve been burned with Ebay in the past.
The money I lost on this trade puts me back [...]

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GSS dropped below my tight stop. I’m out with a 2% loss at 3.99.

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I bought GSS today at 4.07

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Since this mornings sale of 50% of my KRY position, the stock is down about 6%+. I bought it back just now, except I was able to buy a little more.

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