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stockstradr
ParticipantI waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.
I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.
Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.
Then I got nervous and dumped my SSO position when it was only up 2%
In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.
So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.
Pathetic!!!
Oh well. I can’t be too greedy.
I did make lots of money today because I bought all of these early in the morning with markets down about 3%:
PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FDAll those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.
I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.
I think tomorrow will be a strong up day…just guessing now.
ANOTHER PREDICTION:
Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.
Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work
ParticipantI waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.
I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.
Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.
Then I got nervous and dumped my SSO position when it was only up 2%
In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.
So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.
Pathetic!!!
Oh well. I can’t be too greedy.
I did make lots of money today because I bought all of these early in the morning with markets down about 3%:
PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FDAll those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.
I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.
I think tomorrow will be a strong up day…just guessing now.
ANOTHER PREDICTION:
Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.
Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work
ParticipantGOLD IS ON SALE TODAY!
Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
ParticipantGOLD IS ON SALE TODAY!
Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
ParticipantGOLD IS ON SALE TODAY!
Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
ParticipantGOLD IS ON SALE TODAY!
Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
ParticipantGOLD IS ON SALE TODAY!
Increasing my position in gold to 27% of portfolio, bought at $790, $800.
UPDATE – CORRECTION: Since the Fool’s Rally (US stock indexes) got legs and drove the DOW up 800 pts intraday (Looks like i was right about big fool’s rally underway), I dumped HALF my gold (because generally gold falls with increasing financial market stability, and falls with a rapidly rising stock market)
I’m now looking for $750 on gold for next buy point.
Oil stocks? BP sitting at a P/E of 5! Waddyah want from me! You want me to put stacks of c-notes in your hand? You want the money THAT easy? How can you go wrong buying oil stocks at a P/E of 5? Buy and HOLD oil stocks my friends!
Regarding stock indexes, I bought SSO at 27.9 and sold at 28.50. I was happy to take that and run! So the only long position I’m holding on the indexes now is my S&P500 calls (1.5% of portfolio).
While I’m predicting a short-term fool’s rally for the indexes, I’m too chicken to bet significant money on that prediction.
October 16, 2008 at 11:36 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288113ParticipantIn the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”
But keep in mind I made that prediction over 12 months ago.
When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!
So my new prediction is
“Will go below 600 before end of 2009”
A guess:
Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.
October 16, 2008 at 11:36 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288416ParticipantIn the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”
But keep in mind I made that prediction over 12 months ago.
When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!
So my new prediction is
“Will go below 600 before end of 2009”
A guess:
Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.
October 16, 2008 at 11:36 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288430ParticipantIn the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”
But keep in mind I made that prediction over 12 months ago.
When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!
So my new prediction is
“Will go below 600 before end of 2009”
A guess:
Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.
October 16, 2008 at 11:36 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288458ParticipantIn the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”
But keep in mind I made that prediction over 12 months ago.
When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!
So my new prediction is
“Will go below 600 before end of 2009”
A guess:
Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.
October 16, 2008 at 11:36 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288462ParticipantIn the past three months I revised my previous S&P500 prediction which WAS “S&P500 will godown to about 1000”
But keep in mind I made that prediction over 12 months ago.
When the S&P500 went to 850 last week, I thought it wise to revise THAT prediction!
So my new prediction is
“Will go below 600 before end of 2009”
A guess:
Before the end of 2008, we get a nice rally takes us up to say 1100 on the S&P500. Then the country realizes we are going into a mild economic DEPRESSION (GDP falls by over 10%). Then stocks plumb new depths in 2009.
ParticipantI view the best market play today to be OIL!
Please educate me. What western oil stocks do you all consider to be strongest?
I already bought foreign oil, PBR and PTR
I’m also buying Japan and Chinese stocks, to the tune of 8% of portfolio each. Bought Wells Fargo also.
ParticipantI view the best market play today to be OIL!
Please educate me. What western oil stocks do you all consider to be strongest?
I already bought foreign oil, PBR and PTR
I’m also buying Japan and Chinese stocks, to the tune of 8% of portfolio each. Bought Wells Fargo also.
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