aussiebear Posted October 25, 2011 Report Posted October 25, 2011 Early openers lacking impetus: Kiwis +0.4%, Aussies -0.2%, Nikkers -0.3%, Sth Korea -0.1%, Singers +0.6% and Taiwan +0.2%. In Aussie sectors, Healthcare -2.6%, IT -1.5% with the only up sectors being Miners +0.9%, Materials +0.8% and Gold +0.7%.
aussiebear Posted October 25, 2011 Author Report Posted October 25, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted October 25, 2011 Author Report Posted October 25, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
bundys_dodge Posted October 25, 2011 Report Posted October 25, 2011 Madness - you made a comment about 3x ETFs. Here is a long term chart of FAZ which has undergone multiple reverse splits. I kind of wonder - is this a short and hold for a lifetime or is the chart basing for a relaunch...
Dharmaeye Posted October 25, 2011 Report Posted October 25, 2011 Madness - you made a comment about 3x ETFs. Here is a long term chart of FAZ which has undergone multiple reverse splits. I kind of wonder - is this a short and hold for a lifetime or is the chart basing for a relaunch... Thought best strategy is to short a 3X ETF long and its inverse and profit from decay.
Drano Posted October 25, 2011 Report Posted October 25, 2011 Thought best strategy is to short a 3X ETF long and its inverse and profit from decay. yes, equal dollar amounts, not equal number of shares !
aussiebear Posted October 25, 2011 Author Report Posted October 25, 2011 A boggy day. All Ords closed -0.6% with Healthcare -3.2% ranging up to trimmed gains on the resource sector: Miners +0.4%, Materials +0.3% and Gold +0.1%. Relatively minor gains/losses in Asia: China +0.7%, Honkers +0.5%, India +0.4% and Nikkers -0.5%. On to UK/Europe:
Trader Joe Posted October 25, 2011 Report Posted October 25, 2011 I just threw up in my mouth Oh, and... Buy Stocks!
bundys_dodge Posted October 25, 2011 Report Posted October 25, 2011 Thought best strategy is to short a 3X ETF long and its inverse and profit from decay. Dharma and Drano - Thanks for the replies. Now I remember that this was discussed on the board earlier.
DrStool Posted October 25, 2011 Report Posted October 25, 2011 What I recall saying about fudnamentals is that in many cases, the worse a company's fudnamentals, the more likely that the stock would get squeezed. Did I say something other than that? My memory ain't so good any more.
bundys_dodge Posted October 25, 2011 Report Posted October 25, 2011 What I recall saying about fudnamentals is that in many cases, the worse a company's fudnamentals, the more likely that the stock would get squeezed. Did I say something other than that? My memory ain't so good any more. Doc - yes that's exactly what you said and what Psych Doctor said is similar, to paraphrase "everyone knows Europe is in trouble and logically would want to short, hence one should go long!". I hope I am not mistaken.
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