I will play TZA today.. lower the lowest..

I was thinking of getting some TNA for bounce play..

S&P holding strong above 1045!

Timing must be right..

If it bounce, I will short more..

"Bounce Play"??
That's a new one......
Are you guys going to play it with each others' "shorts"???


Anyone new to this thread could get seriously confused.....

Anyway: Good Luck to you all in 'Riding the Dragon*'!!!

*Google it!

This post has been edited by David_Brent: May 25 2010, 09:41 PM

Shorting 300 TZA.. will only sell end of the week.. see can earn or not.. and how many...

i think the opening price is the lowest for the day already kua? ><

Just 10 minutes.. paper profit already $60..

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Added on May 25, 2010, 9:43 pmPaper profit now $75..



This post has been edited by epalbee3: May 25 2010, 09:43 PM

Shorting TZA meaning going LONG.

I've covered my shorts. I think SP 1040 should hold.

I'm in TNA 39.30..trailing $1. Looking to exit SP 1060 and I'll go short again.

heading down. DOW looks like will close around -150. LVS looking good.

I will hold TZA until end of week.. no time to watch..

Actually, S is the one looking good in a horrible market like this. Thanks for bringing this up yesterday!
It won't go down. What's driving this?

Yes, S was strong. Many TA blogs showing a sideway. But what d heck, its up stronger. One of the green colour in bloody red sea in S&P.

What's the news for S? I can't find anything that can substantially make it withstand this storm today but yet up 2.5%

nothing, just goreng up from 3.75. So strong, last time when C was at 4.50-4.75, C trying hard to break $4. Now trying hard to break $5. GS upgrade S yesterday, target $6.

No wonder. GS pumping again.

Anyway, SP 1060 is here. I took profit for TNA (out $42). Profit $800.

Waiting to see if we can a bit higher before going short.

Z: By the way, are you still playing STEC? Around 11s now seems reasonably cheap.

This post has been edited by danmooncake: May 26 2010, 12:21 AM

I still holding 800 @ $15+. Yes, if you have cash, can pickup small value for long-term. Can reached back $13-14 easily if market bounced.

Riding short, SDS @ 36.70 now. Look for SP below 1050 to exit.

Update: 2am
Got out from SDS at 37.. not working well as I thought.
Got back in TNA, $42.25

Closing update:
Dow 10043.75 -22.82 -0.23% (Hit low: 9774)
Nasdaq 2210.95 -2.60 -0.12%
S&P 500 1074.03 +0.38 +0.04% (hit low: 1040)

What a recovery!..269 points for the Dow and 34 points from the lows in the early trading.
Once we got that SP 1040 floor, we bounced up, hit 1060, went down to 1050 and bounced up again, and broke through 1060 resistance and closed nicely @ 1073.

Have to get out from SDS and rush back to TNA for this play because SP won't go down anymore tonight.
Let see if the bulls are able to take us back to SP1090~SP1100 from here for another short attempt (much better at that level).

Z: I was waiting for a good entry for S but can't get it. I think it is too high now.

This post has been edited by danmooncake: May 26 2010, 04:37 AM

I read somewhere regarding S that they got some exclusive deal to some networking project and I think on Monday there was an announcement regarding the upcoming Iphone 4G's usage of their interface. Try to google it out I guess, overheard the news on CNBC and read it somewhere.

Will try to short at 1100 tonight if possible

Amazing S yeah. Not stopping, as discussed earlier, RED BLOODY Index, its +5 cts, and when market a bit reddish, its +30cts!

Got 200 LVS @ 21.