FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Thursday, June 2. 2010

Topie: Thursday, June 2. 2010
June 2nd, 2011 09:54 AM
membar I'm curious to see how Allen does today. I kind of hope FAS prevails because I think I just got stopped out of FKOS.
June 2nd, 2011 11:05 AM
allen314159 #%*#637#5%
June 2nd, 2011 11:15 AM
allen314159
Quote:
membar wrote:
I'm curious to see how Allen does today. I kind of hope FAS prevails because I think I just got stopped out of FKOS.


If you're stopped out, don't you want FAZ to prevail??? So that FAS is cheaper?
June 2nd, 2011 11:23 AM
BullDog Another tricky day.
Just bought some Connoco Phillips, on the Oil inventory report Dip.
June 2nd, 2011 11:40 AM
HeidiTwit They were talking about depression again on cnbc.

I wonder if we have a down to 6/15, then a bounce?
June 2nd, 2011 11:42 AM
membar
Quote:
allen314159 wrote:
If you're stopped out, don't you want FAZ to prevail??? So that FAS is cheaper?

Oops. That what I meant.

Did you sell FAZ at open or are you still holding it?
June 2nd, 2011 11:52 AM
BullDog Looking for a bonce from close to S&P 1300
membar - did I mention range 1300 to 1350 a few days ago?
June 2nd, 2011 11:59 AM
HeidiTwit I'm thinking about going to thre short side as well, but now I feel I may have missed it.
June 2nd, 2011 12:16 PM
BullDog Heidi - UR correct. I am always scared to short after major pull backs. The time to short is when things are flying and when VIX is at its lower range end. Spot VIX is a pretty reliable signal, when to short and when not to.
June 2nd, 2011 01:08 PM
allen314159
Quote:
membar wrote:

Oops. That what I meant.

Did you sell FAZ at open or are you still holding it?


I Zkos'd out early. I found some more errors in my code. I'm gonna go back to defaulting on FAS overnight for now until I figure things out.
June 2nd, 2011 02:37 PM
membar
Quote:
allen314159 wrote:
I Zkos'd out early. I found some more errors in my code. I'm gonna go back to defaulting on FAS overnight for now until I figure things out.

Sorry. If I had a nickle for every time my code had a bug in it.

I cashed out of ZSL @ 18.20 (in @ 18.11). I think we're going to have a mini-rally at the end of the afternoon.

Thoughts?:

http://www.marketwatch.com/story/next-stop-dow-20000-2011-06-02
June 2nd, 2011 02:39 PM
membar
Quote:
membar wrote:
I cashed out of ZSL @ 18.20

Doh!
June 2nd, 2011 03:13 PM
membar
Quote:
membar wrote:
Doh!

Make that "Whew!"

I sensed that something didn't smell right.
June 2nd, 2011 03:21 PM
membar
Quote:
membar wrote:

Make that "Whew!"

I sensed that something didn't smell right.

Make that... I don't have a clue what's going to happen.
June 4th, 2011 10:09 AM
MotleyFool11
Quote:
BullDog wrote:
Heidi - UR correct. I am always scared to short after major pull backs. The time to short is when things are flying and when VIX is at its lower range end. Spot VIX is a pretty reliable signal, when to short and when not to.


If I was a betting person, I'd say the VIX will stay at the current levels for awhile. Not boding well for a market uptick. Then again, what would I know.

See the chart below; TNA/TZA vs ^VIX.
June 5th, 2011 11:01 PM
membar
Quote:
MotleyFool11 wrote:
If I was a betting person, I'd say the VIX will stay at the current levels for awhile. Not boding well for a market uptick. Then again, what would I know.

See the chart below; TNA/TZA vs ^VIX.

Nice to see you back. Hope you stick around. Have you been trading lately? Are you still doing your SSF stuff?
June 8th, 2011 01:27 PM
MotleyFool11
Quote:
membar wrote:

Nice to see you back. Hope you stick around. Have you been trading lately? Are you still doing your SSF stuff?

Not much trading, came up with a VIX related weekly dollar cost averaging theory.

Not doing any SSF, I did not lose money, but did not really make much either. To much capital tied up by margin requirements. If I had >$100k in my "play" account then I could change over to portfolio margin account.