I just watched "Fast Money" (DVR'd) and saw that Karen Finerman,
when asked about the "pop" in IYR had the response "Short
it". Then for her Final Trade, she said she liked SRS under
60. Just wondering if this could have caused the rise AH.
Posted by peterwelsh on 16th of Dec 2008 at 09:44 pm
Based on my weekly charts this has more downside to it. It won't
hit the lower BB until about 39. I also use a 1.5sd with BB as an
early warning signal if you will and that is about 50. When I
looked at this last night it showed the same and I completely zoned
it. Dang.
Posted by junkmaylbox on 17th of Dec 2008 at 02:48 am
peterwelsh, Congratulations on your successful trade! These
ultra shorts do not behave like stocks, so their prior history from
even a month before is pretty much irrelevant. DUG has baffled me
too, as it should have been at its highs when $OIL is at its lows.
I haven't thought of using the BB for this purpose, thanks!
SRS
Posted by junkmaylbox on 16th of Dec 2008 at 06:24 pm
SRS has recovered about $1.50 in the after market, now up to 63. FYI.
I just watched "Fast Money"
Posted by twins on 16th of Dec 2008 at 11:01 pm
I just watched "Fast Money" (DVR'd) and saw that Karen Finerman, when asked about the "pop" in IYR had the response "Short it". Then for her Final Trade, she said she liked SRS under 60. Just wondering if this could have caused the rise AH.
Bob in NJ
SRS
Posted by peterwelsh on 16th of Dec 2008 at 09:44 pm
Based on my weekly charts this has more downside to it. It won't hit the lower BB until about 39. I also use a 1.5sd with BB as an early warning signal if you will and that is about 50. When I looked at this last night it showed the same and I completely zoned it. Dang.
peterwelsh, Congratulations on your successful
Posted by junkmaylbox on 17th of Dec 2008 at 02:48 am
peterwelsh, Congratulations on your successful trade! These ultra shorts do not behave like stocks, so their prior history from even a month before is pretty much irrelevant. DUG has baffled me too, as it should have been at its highs when $OIL is at its lows. I haven't thought of using the BB for this purpose, thanks!
If you cannot get SRS
Posted by cspirit on 16th of Dec 2008 at 09:48 pm
If you cannot get SRS short play URE ..