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Glenn-I would say, I feel that at this point the market has a tendence to continue going up for at least another day or so. Jumping into FAS could be a good move.
Posts: 1503 | From: washington | Registered: Jun 2009
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Well, I think the Greece thing scared a lot of investors. Now that they have a bailout package approved, that fear has been calmed. I think we will drive back up to DOW 11300 or so with no problem. I am pretty sure I will jump out of MT and into FAS at some point today.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Your still probably in good shape, and I still say the market will go up tomorow too, we could see a good surge at EOD also.
Posts: 1503 | From: washington | Registered: Jun 2009
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yeah raj, still in FNM. I put a GTC sell on it over the weekend at $1.18, just in case I missed something. Then got up late today, and missed that high of $1.14. If I saw that I would have sold it. I just actually bought a little more and put a sell back on it at $1.18.
Posts: 1503 | From: washington | Registered: Jun 2009
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It sure did come back. Went for a run on my lunch hour and was pleasantly surprised at the comeback it made. Hopefully, tomorrow is an up day (I think it will be).
PS...Did Morph retire just before the last SIRI earnings? Morph, are you golfing right now?
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Yeah Glenn, FAS did come up quite a bit in the last hour, nice! And yeah...where is Morph?? he's probably still cleaning his pants out after he saw SIRI plumit the other day. AND, where the heck is SJU???? OZZFEST isn't going on is it??...he would probably be there if it was.
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by glenngsxr: Has SIRI consolidated? Is this the new bottom for SIRI and consequently, a good place to load back up? Me think so.
Yeah Glenn, I've had that thought in the back of my mind also. I think I'll wait a little while though.
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by TraderJones: Yeah Glenn, FAS did come up quite a bit in the last hour, nice! And yeah...where is Morph?? he's probably still cleaning his pants out after he saw SIRI plumit the other day. AND, where the heck is SJU???? OZZFEST isn't going on is it??...he would probably be there if it was.
Hey TJ. I'm still here. Just have not posted for a while as I am still holding ATAC. It took a major hit last week so now I am holding for a hopeful rebound. I am still on the right side of the trade, but I did lose much of my gain.
Ozzfest is on dude! However, it will only be six dates this year. I will be going to the Camden, NJ show on August 22. Rock -n- Roll!
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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I have a margin call on my FAS because I loaded up. I have three days to meet the call. I think I will hold until my call is up and then sell out of FAS. Not sure what I will get into yet though. MT having a down day, maybe I will jump into that for a bit.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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man....MT is still hovering around 36.50 range - I wonder if this level will be its new 42 level....
Posts: 544 | Registered: Aug 2008
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I am in for 410 shares at $31.20. Not sure where to get out though so I have an itchy trigger finger with all this volatility lately. Should have pulled the trigger yesterday when she was at $32.35.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Im going to follow the chart for yesterday and trade according to that for FAS/FAZ. Looks like the high was at my usual 1230 EST, which is where I will see and reverse to FAZ at.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Glenn, if you're into the ETF game take a look at EDC/EDZ as well. They follow the DOW pretty closely.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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Well, it's not really moving much. I am thinking this market will continue up tomorrow so I may just get back out of DRV and into DRN if nothing happens by EOD.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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