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Revscene Wall Street.
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09-22-2011, 09:15 PM
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#5301 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
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Yes =*[
Final year Posted via RS Mobile | 
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09-22-2011, 11:47 PM
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#5302 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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Originally Posted by 3klipze  imho, only way to hedge right now is to invest into some ETF. looking to get into a couple 2moro and hold for a week or two.
If anyone here is in any ETF, what are you in right now? | kinda late right now to hedge
the two to look at with best risk/reward is the financials
FAS if you're bullish
FAZ if you're bearish still
FAS has good short term upside in my opinion but have a tight stop of 6% loss just in case
i would just buy both and let the market swing both ways cuz right now my face is like  | |
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09-22-2011, 11:58 PM
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#5303 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
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I seriously hope no one buys FAS and FAZ at the same time. 
With these swings, you are better off going to the casino than betting on 3x ETFs. Quote:
Originally Posted by lime56 kinda late right now to hedge
the two to look at with best risk/reward is the financials
FAS if you're bullish
FAZ if you're bearish still
FAS has good short term upside in my opinion but have a tight stop of 6% loss just in case
i would just buy both and let the market swing both ways cuz right now my face is like | Posted via RS Mobile | |
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09-23-2011, 12:24 AM
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#5304 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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^^ might work
i wouldnt do it, but if i was forced at gunpoint and dont know short term direction (ie greece and euro situation) i might as well
best chance rather than pick one
but dont split up your capital 50/50 on each one.. ... fas is low value... put more in that one,,, so percentage wise the risk of losing out is hedged...
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09-23-2011, 12:34 AM
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#5305 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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holy fuck
i just looked at my US acct
was .9833 at start of week
now its 1.03 and change... WTF... i didnt need to trade and woulda made 5%!!! LOL
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09-23-2011, 01:05 AM
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#5306 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
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^Hehehe, that's what I said earlier
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09-23-2011, 05:11 AM
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#5307 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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Originally Posted by Scoobysnax I have the same weeklies. Think we should be fine tomorrow as S&P bounced off 1120 a few times. Hopefully we are due for a bit of a rally tomorrow. | dont look good homie. 518am pst
fuuuuuuuuu Posted via RS Mobile | |
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09-23-2011, 05:25 AM
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#5308 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
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oh man pre-market is shit right now.
going to be REALLY tempting with all the deals and 52-week lows
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09-23-2011, 06:08 AM
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#5309 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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futures turning up... fuck yea
buy orders coming in on level II
gl everyone
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09-23-2011, 06:45 AM
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#5310 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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aapl is moving insane.. i hope the sellers are out for the rest of the day
day might have promise
usd is moving down vs CAD
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09-23-2011, 10:20 AM
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#5311 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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Can somebody explain why is gold moving down so much? I thought people flocked to gold when equities are so volatile?
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09-23-2011, 10:29 AM
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#5312 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
Thanked 333 Times in 77 Posts
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us dollar rising... ppl got caught in the trade...silver took a bigger hit from 40s to 32s
and raising cash to buy US treasuries?... wait for pull back.. this is good time to buy gold at a discount
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09-23-2011, 10:38 AM
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#5313 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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can aapl pls just pop 3$ up right now so i can move on to the porno thread and call it a day?  | |
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09-23-2011, 10:45 AM
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#5314 | | Everyone wants a piece of R S...
Join Date: Jun 2006 Location: vancouver
Posts: 351
Thanked 45 Times in 30 Posts
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09-23-2011, 10:49 AM
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#5315 | | Wunder? Wonder?? Wander???
Join Date: Jul 2002 Location: Vancouver
Posts: 223
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Originally Posted by lime56 can aapl pls just pop 3$ up right now so i can move on to the porno thread and call it a day? | MM's probably trying to pin it at around 405. Don't see why we don't go up next week if the G-20 meeting dont fuck us up. I probably hold onto my weeklies til then.
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Boo
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09-23-2011, 10:52 AM
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#5316 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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Originally Posted by Scoobysnax MM's probably trying to pin it at around 405. Don't see why we don't go up next week if the G-20 meeting dont fuck us up. I probably hold onto my weeklies til then. | yah.. i didnt think of that till like 9am.. .so i am just staring since start like this 
maybe last 45min will give us a pop
i just want to get out... i bought the weekly at a high price
there was a strong move early at 7ish AM where it popped to over 406ish
maybe it will take out that high and create one of those nice candle thingys LOL
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09-23-2011, 10:57 AM
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#5317 | | Revscene.net has a homepage?!
Join Date: Sep 2008 Location: nowhere
Posts: 1,233
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commodities dropping mad. Silver is down 15+% atm.. =[
what do you guys think for commodities? Will have a run up by end of this year? or downward pressure continues with EU debt crisis??
A lot of investors say commodities play a role in forecasting where the economy's next move might be. Quote:
Originally Posted by no_clue |  | |
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09-23-2011, 11:03 AM
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#5318 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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^From what I've read, one of the reasons gold is taking beating is because traders are selling gold to cover their margins/losses.
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09-23-2011, 11:03 AM
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#5319 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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|  aapl called new high on the day... 406+
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09-23-2011, 11:05 AM
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#5320 | | Banned (ABWS)
Join Date: Mar 2003 Location: Richmond, BC
Posts: 4,694
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^Congrats, lol.
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09-23-2011, 11:13 AM
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#5321 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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made 9% today, silver and gold getting hitt harddd , may not be "safe havens" after all haha
Last edited by strykn; 09-23-2011 at 11:22 AM.
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09-23-2011, 11:17 AM
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#5322 | | I don't get it
Join Date: Mar 2011 Location: vancouver
Posts: 444
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Originally Posted by strykn made 9% today, still LOLing at the people who were popping boners about SLV/GOLD | sweet....
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09-23-2011, 11:17 AM
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#5323 | | RS Veteran
Join Date: Nov 2001 Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Failed 4 Times in 4 Posts
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Yep. Some are selling gold to raise cash and to pay for margin calls
Commodities have been hit hard this week.
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09-23-2011, 11:33 AM
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#5324 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
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strykn what did you trade?
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09-23-2011, 12:35 PM
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#5325 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
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avnr
bpax
orex short ( closed too early.. woulda made a lot more )
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