FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Thursday, May 12, 2011

Topie: Thursday, May 12, 2011
May 12th, 2011 07:14 AM
membar I guess I now know what AKOS looks like, and I'm not lovin' it.

I feel like I missed the Trade of the Year buy selling my AGQ put too early. Then again, at least I'm not long AGQ....
May 12th, 2011 07:46 AM
membar Today might be the day I go underwater with FKOS again.

Sometimes, I can't help thinking that with the time I've spent on this trading stuff, I could have formed a viable competitor to Apple instead....
May 12th, 2011 12:57 PM
BullDog Unfortunately for trading, More Time does not equal more success.
Actually, more the time I spend watching, the poorer, I perform.
May 12th, 2011 01:09 PM
BullDog Here is the portfolio, I am now holding:
My plan is to wait for an up day, then which ever is up 2% or more, I'll sell some
Then wait for a down day, whichever is down 2%, buy some
Of course day trade FAS as often as usuall
May 12th, 2011 02:11 PM
membar Got stopped out on FKOS again :(

My other strategy bought AGQ this morning, though, and I'm liking what I see. :)
May 12th, 2011 03:17 PM
shazee I think this market is in process of selling off. Cash is the king. Coming Late July is the time to go long. Fins will do well toward the end of the year.
May 12th, 2011 03:38 PM
membar wrote:
My other strategy bought AGQ this morning, though, and I'm liking what I see. :)

May 12th, 2011 03:39 PM
BullDog Bin Layden but a bottom around 1330, next S&P stop 1440? Yes, No, Maybe :-)
May 12th, 2011 03:52 PM
shazee We will see 1250 before 1440. If we go below 1220, this Bull market is over.
My gut feeling tells me by Spring 2012, we will see 1550.
QE3 will NOT be announced to public. Fed will let this market slid down to see how strong it is before intervene. When it goes down, it will be very ugly. Bulls and Bears will be very frustrated. The max this market can push before summer is 1380. Lets see if can pass 1359-1362 first in a couple days . Next week is option expiry. This is my personal opinion based what I read.