FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Thursday, April 28, 2011

Topie: Thursday, April 28, 2011
April 28th, 2011 07:09 AM
membar The more I look at the charts, the more I'm convinced that AGQ / ZSL are the new FAS / FAZ.

I'm wondering if they obey FTG and stuff like that, whether they'd be amenable to TT/BB strategies and stuff like TSK.

I bought 5 shares of AGQ a couple of days ago and I'm already about +10%. Halfway covers my EUO loss.
April 28th, 2011 07:48 AM
membar My CCJ is slowly creeping back up. Still underwater, but creeping back up.
April 28th, 2011 08:49 AM
ISA_Coder as tempting as AGQ looks, it's basically at it's 52 week high which makes me weary of jumping in.

did i mention it was tempting?
April 28th, 2011 11:35 AM
BullDog AGQ - Missed the Silver Freak gravy train. Ain't getti'n in now. Good luck to those who are catching the move.
Still with my old fav FAS :D
April 28th, 2011 01:20 PM
membar AGQ may still go up because everyone thinks it won't.
April 28th, 2011 01:32 PM
allen314159
Quote:
membar wrote:
The more I look at the charts, the more I'm convinced that AGQ / ZSL are the new FAS / FAZ.

I'm wondering if they obey FTG and stuff like that, whether they'd be amenable to TT/BB strategies and stuff like TSK.

I bought 5 shares of AGQ a couple of days ago and I'm already about +10%. Halfway covers my EUO loss.


I'll run the numbers tonight. We'll call this AKOS.
April 28th, 2011 01:44 PM
ISA_Coder AGQ seems really easy to scalp, I think i'm gonna start scalping this sucker real soon
April 28th, 2011 01:45 PM
allen314159 membar,

I just thought of an idea. What if we calculate AKOS and ZKOS (ZSL's xKOS). Then we calculate TT/BB for both. When AGQ is "long", then we do AKOS. When ZSL is long, we do ZKOS. This is mechanical in all respects.

I think you had thought of something like this earlier for FAS/FAZ, but I kinda blew you off on that.

I'm thinking eventually AGQ will crash, but I'm not sure whether that's tomorrow, 1 year from now, or 5 years from now. Whatever happens, it'd be nice to catch the trend up, and then back down (like oil's precipitous fall a couple years ago).
April 28th, 2011 01:47 PM
allen314159
Quote:
ISA_Coder wrote:
AGQ seems really easy to scalp, I think i'm gonna start scalping this sucker real soon


I'm wondering what the slippage is like....

That thing jumps around like a hot tamale.
April 28th, 2011 01:53 PM
ISA_Coder just scalped AGQ
in @ 356.82
out @ 359.24

about .67%, total hold time about 3.5 minutes

I had a sell stop at 360 which obviously now i should have just kept, but it was my first AGQ scalp, but there will be more to come for sure!
April 28th, 2011 01:54 PM
ISA_Coder i mean i had a sell limit at 360, but then i moved it down cause I just wanted to get out with a profit for this first test run
April 28th, 2011 01:56 PM
BullDog membar, allen - Me thinks you'll are getting way to complex. Buffet always says, 'I do not understand complex things'. Try not to loose the forest amongst the trees.
Whatever happened to EMMA? No one talks about that anymore.
Anyway, each to his own -- if u r making money, then its a good thing :-D
April 28th, 2011 02:57 PM
allen314159 Financials kinda rallying today.

Are they gonna FINALLY get the limelight, or is this another false start?
April 28th, 2011 03:39 PM
BullDog Silver briefly climbed to within a whisker of $50 an ounce, eclipsing the peak hit when Texan brothers William Hebert and Nelson Bunker Hunt sought to corner the silver market three decades ago
April 28th, 2011 07:02 PM
membar
Quote:
allen314159 wrote:
membar,

I just thought of an idea. What if we calculate AKOS and ZKOS (ZSL's xKOS). Then we calculate TT/BB for both. When AGQ is "long", then we do AKOS. When ZSL is long, we do ZKOS. This is mechanical in all respects.

I'm scared of bear ETFs. How does UPRO TT/BB perform if you switched to SPXU when you got stopped out?

I also though of running the numbers for this stuff, but these monsters are behaving so differently than the way they did six months or a year ago that I wonder how valid the conclusions will be.

I agree that AGQ will eventually crash, but I was musing that maybe options are a better way of playing this. Like buying a $250 Jan 2012 AGQ put, then selling monthly $250 puts or something like that. I haven't thought this through completely.

Nice that none of my strategies got stopped out today. Long overdue.
April 28th, 2011 07:02 PM
membar
Quote:
membar wrote:

I'm scared of bear ETFs. How does UPRO TT/BB perform if you switched to SPXU when you got stopped out?

I also thought of running the numbers for this stuff, but these monsters are behaving so differently than the way they did six months or a year ago that I wonder how valid the conclusions will be.

I agree that AGQ will eventually crash, but I was musing that maybe options are a better way of playing this. Like buying a $250 Jan 2012 AGQ put, then selling monthly $250 puts or something like that. I haven't thought this through completely.

Nice that none of my strategies got stopped out today. Long overdue.
April 28th, 2011 07:03 PM
membar
Quote:
allen314159 wrote:
Financials kinda rallying today.

The times they're a-changin' when we call +1.95% a rally :)