Posted by junkmaylbox on 28th of Jan 2009 at 03:56 pm
I use no margin in trading. However, if SRS gets to 25, I'll use
all of it. That would be a trade of the year (a 5 bagger at least).
I hope you are right :-)
Posted by dylan398 on 28th of Jan 2009 at 04:05 pm
checkout the charts of DIG and DUG.....DIG was well over 100
when oil was over 100/barrel....DUG was 25......
now look @ the charts oil is @ 40/barrel DIG is @ 29...DUG is @
22.65....you would think it would be 3 fold that....be
careful...SRS may double again....but from a much lower price....I
use these ultra ETF's only for short term trading...days...maybe a
week....but averaging in can be painful..
Posted by junkmaylbox on 28th of Jan 2009 at 04:17 pm
I know what you mean here. Yes, I am not going to hold SRS or
SKF for longer than a couple of weeks. The period of consolidation
was not lengthy, so this upside move does not much power in it, in
my opinion. I am prepared to be proven wrong here, of course. I
will have to sell then and enter at a lower price.
I use no margin in
SRS
Posted by junkmaylbox on 28th of Jan 2009 at 03:56 pm
I use no margin in trading. However, if SRS gets to 25, I'll use all of it. That would be a trade of the year (a 5 bagger at least). I hope you are right :-)
SRS/URE...compare to DIG/DUG
Posted by dylan398 on 28th of Jan 2009 at 04:05 pm
checkout the charts of DIG and DUG.....DIG was well over 100 when oil was over 100/barrel....DUG was 25......
now look @ the charts oil is @ 40/barrel DIG is @ 29...DUG is @ 22.65....you would think it would be 3 fold that....be careful...SRS may double again....but from a much lower price....I use these ultra ETF's only for short term trading...days...maybe a week....but averaging in can be painful..
yeah - thanks dylan --
Posted by Michael on 28th of Jan 2009 at 04:31 pm
yeah - thanks dylan -- perhaps SRS is the wrong vehicle.
I know what you mean
Posted by junkmaylbox on 28th of Jan 2009 at 04:17 pm
I know what you mean here. Yes, I am not going to hold SRS or SKF for longer than a couple of weeks. The period of consolidation was not lengthy, so this upside move does not much power in it, in my opinion. I am prepared to be proven wrong here, of course. I will have to sell then and enter at a lower price.
Sounds like Oil below $30
Posted by cspirit on 28th of Jan 2009 at 03:57 pm
Sounds like Oil below $30 trade .. Keep me posted
Sure, _if_ we get there.
Posted by junkmaylbox on 28th of Jan 2009 at 04:04 pm
Sure, _if_ we get there. That would take $djr is 200s, levels not seen since September.