Official Let's Make Some Money Off Stocks Thread
10-24-2008, 07:22 AM
#1486
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If you had bought DUG and EEV like I've been hounding, you would have no fear and plenty of ammo. Consider it for the future. Admittedly, I already dumped all my EEV in the 160 range yesterday and the day before, but I still have half of my DUG just in case. Waiting for 65-75 on that one just to be safe.
I'm still buying more!
10-24-2008, 07:42 AM
#1488
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Time to test the lows.
I haven't picked up any SKF/EEV/DXD/DUG or other short etfs lately. Just been too hard to hold through the volatility. Overall trend was still down the past week though but at the moment, I couldn't make a decision which way it wanted to go.
I haven't picked up any SKF/EEV/DXD/DUG or other short etfs lately. Just been too hard to hold through the volatility. Overall trend was still down the past week though but at the moment, I couldn't make a decision which way it wanted to go.
10-24-2008, 08:09 AM
#1489
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ExOdy that doesn't make any sense to me. They are hedges. Certainly you don't want to buy SKF or EEV over 160$ but under 120 they are reasonable. Under 110$ is a safe bet, under 95$ is BUY BUY BUY if you think there is strong downside risk. It's insurance and you just sell them 75-90% towards their highs scaling in/out.
10-24-2008, 11:09 AM
#1490
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if that wasn't market manipulation in the last 10 minutes (from ~11:55-12:05pm Pacific) then I don't know what is. 100 point upswing and then back down 100 points within 10 minutes. Somebody was bidding the price up only to sell it back for a nice little profit.