happy thanksgiving, and yes be thankfull, UYG

[selkirk]

first of all happy thanksgiving, okay for everyone down south best wishes in nov...in cdn. it is in October, makes sense, I mean a holiday in -40 is not much fun....

anyways turned on the TV and saw a clip of J. Cramer being bearish, said something to the effect do not have to own stocks for five years, when Cramer the Ultra Bull is sounding bearish and telling the public to avoid stocks like the plague, it is a very bullish sign. note: should use more periods

talked to a friend who wanted to make a living a just trading stocks, well more like buying them and getting a small gain. if they went down never bothered with a stop loss on most cases. anyways he just want to get some back and go into cash.

the number of people who think we are all going to zero, of living in caves is very high. would post more all time lows, but frankly do not have the time. just incredible prices on some stocks.


UYG Proshares Ultra Financials close 9.42 low 8.33 high 62.68

now if the financials recover or just come off the mat these will do very well, if not it is called lose 30% in a blink of an eye. there are safer indexes to play and ways to play financials.

still worth a shot, just in case the world does not end. the problems are huge and have no idea of a market bottom, would be wrong... who knows maybe gets even worse...

people always talk about the depression, there are some differences.
1. jobless was 25-30%, actually it was probably much greater. it is rising and that is worry but still...
2. no world wide trade, call tariffs and no exports. though govt. can screw this up quickly.
3. tight monetary policies, you cannot believe how much money is being printed...yes they may start dropping from the helicopters.

have bought some at 9.30-9.40. willing to lose 30%, not a huge play.

thanks
selkirk

 

[selkirk]

if MS blows up, then may be using my stop loss on UYG...that is one of the main risks.

thanks
selkirk

 

[selkirk]

besides selling off half my energy portfolio today in the morning, sold my uyg, got 10.80.

on monday it did well, and on tuesday it also went up 12%, held on, wondering if the rally would continue.

UYG opened 11.34 high 11.78 low 9.95 close 10.08.

these double etf with this volatile market goes up or down 10-20% a day....it seems.

if the market has more of a bad week, then will slowly buy in at 9.30, or lower, probably below 9, if it hits the number.


in the future will look at double etf for natural gas, and below 7 drilling will drop by a 1/3. the biggest question is a cold winter, heard there is supposed to be one. natural gas will go higher however will wait a week or two, as energy is weak and being effected by the downdraft in oil.

will look at buying TBT, this will be a small holding, this is 200% short tbill, which everyone seems to be throwng money at, TBill are expensive and over priced. may buy a small position late this week, below 60, close 62.09.

so will look to get back into UYG around 9, and buy a long natural gas in two weeks, and small position in TBT at the end of this week.

note these are very volatile and you have to be prepared to take a loss.

thanks
selkirk

 

[DOGS THAT BARK]

--and a happy Thanksgiving to you kirk--sorry just now making it down here.

Yep weird times-- the fear and greed emotions at all time highs with these 500 plus point swings--makes no sense to me either--

The key at this time of Thangiving--
is to be thankful for our greatest asset-- our health--we can survive and gain some knowledge from this--as we have one element of advantage--time! :toast:

 

[selkirk]

agree with the volatile markets, on Tuesday saw many stocks up from 15-30% in just two days.
as I write this most have given the gains all back.

many of these stocks would; might move 3% if that on a daily basis, that was rare. now 5-15% is routine....lately.

health is the most important, know many people who have a bad back or diabetes, ect, have to be thankfull for good health.

thanks
selkirk

 

[selkirk]

citi came out with earnings, and they were bad, however (they ussually are) expectations were even lower, so it might do okay.

going to buy some UYG at the open, about 25%of my orginal position. and slowly build up a position. looks like will be paying 10.20.10.25 though will update later this week (the open can change quickly)
pick some up at the open and hope for a rally, bad day, good day, or is that two bad days, or week.

not sure so only buying 25% of the orginal position. will look at it if it goes below 10.

thanks
selkirk