I can't tell if gold is going to re bound or sell off some more. The stochastic is under 20 and just turning up. Take no chances
Buy 100 shares GLD @ 88.93
Wednesday, February 6, 2008
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StockMarket Melt Down
A Resource for the Novice Investor
StockMarket Melt Down
Open Positions
Short Positions
None
Long Position
11-13-08:
Buy DIG 1/4 @ 31.71
Stop @ 27.51
10-15-08:
HL 1/2 @ 9.13
SLV 1/4 16.53
IAU Full @ 91.47
GLD-Full @ 88.93
None
Long Position
11-13-08:
Buy DIG 1/4 @ 31.71
Stop @ 27.51
10-15-08:
HL 1/2 @ 9.13
SLV 1/4 16.53
IAU Full @ 91.47
GLD-Full @ 88.93
Definitions
1.By a full position we mean 100 shares of a stock: So,, a 1/4 position is 25 shares if you have 100 shares of a stock or it's 100 shares if you hold 400 shares of the stock.
2.The Plunger Protection Team (PPT): This refers to the cabal consisting of among others secretary of the Treasury, the chairman of the Federal Reserve, the chairman of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working Group on Financial Markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.
3.Ponzi Unit or Ponzi Finance Unit: A business unit whose interest charges of a business unit exceed cash flows from operations of that unit.
4.Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt.
e.g. payment of a monthly credit card bill with another cerdit card.
2.The Plunger Protection Team (PPT): This refers to the cabal consisting of among others secretary of the Treasury, the chairman of the Federal Reserve, the chairman of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working Group on Financial Markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.
3.Ponzi Unit or Ponzi Finance Unit: A business unit whose interest charges of a business unit exceed cash flows from operations of that unit.
4.Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt.
e.g. payment of a monthly credit card bill with another cerdit card.
About Me
- StockMarket -Implode
- An out of work construction worker with a background in bar tending
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ETFs
Closed Positions: Closing Date
11-12-08:
buy 1/4 PAAS @ $11.80
stop 1/4 @ $9.89
11-12-08:
buy 1/4 PAAS @ $12.03
stop 1/4 @ $9.89
10-28-08:
buy 1/2 DIA @ $84.25
stop 1/2 @ $89.94
10-28-08:
DOG 1/2 @ $86.50
Stop 1/2 @ $81.80
10-27-08:
buy 1/2 SKF @ 164.79
sell 1/2 SKF @ 157.92
10-27-08:
buy 1/4 SKF @ 127.31
sell 1/4 SKF @ 157.92
10-27-08:
buy 1/4 SKF @ 123.05
sell 1/4 SKF @ 157.92
10-23-08:
buy 1/4 UNG 30.25;
Stop 1/4 UNG @ $29.25.
Sept 23, 2008
buy 1/4 GS @ 110.36
sold 1/4 GS @ 118.80
Sept 17,2008
buy 1/4 GS @ 102.20
stop 1/4 GS @ 99.55
Sept 16,2008
Buy 1/4 GS @ 112.30
Stop 1/4 GS @ 103.20
Sept 16,2008
Buy 1/4 SKF @ 112.50
Stop 1/4 SKF @ 128.05
Aug 28, 2008
Short 1/4 HBC @ 82.67
Cover 1/4 HBC @ 78.10
Aug 28, 2008
Short 1/4 WFC @ 29.59
Cover 1/4 WFC @ 29.59
Short 1/4 WFC @ 30.29
Cover 1/4 WFC @ 29.59
Aug 5, 2008
Buy 1/4 SKF @ 135.62
Stop 1/4 SKF @ 127.91
Aug 5, 2008
Buy 1/4 SKF @ 117.51
Stop 1/4 SKF @ 127.91
Aug 5, 2008
Short 1/4 DB @ 92.56
Cover 1/4 DB @ 96.25
July 29, 2008
Short 1/2 DB @ 89.94
Cover 1/2 DB @ 92.93
July 29, 2008
SKF 1/4 @ 135.62
Stop @ 127.91
July 27, 2008
Buy 1/2 DUG @ 34.72
Sell 1/2 DUG @ 34.75
July 27, 2008
Buy 1/2 DUG @ 30.13
Sell 1/2 DUG @ 34.75
July 16, 2008
Buy 1/4 OIL @ 84.19
Sell 1/4 OIL @ 83.45
July 16, 2008
Short 1/4 HBC @ 73.03
Cover 1/4 HBC@ 76.56
July 16, 2008
Short 1/4 MER @ 25.77
Cover 1/4MER @ 28.00
July 15, 2008
Short 1/2 DB @ 79.59
Cover 1/2 @ 81.55
July 07, 2008
Buy 1/2 DIG @ 116.69
Sell 1/2 DIG @ 109.10
July 07, 2008
Buy Full XLF @ 20.52
Sell Full @ 19.22
July 02, 2008
Short 1/2 LEH @ 26.73
Cover 1/2 LEH @ 21.85
June 27, 2008
Buy 1/2 DUG @ 27.32
Sell 1/2 DUG @ 27.32
June 27, 2008
Buy full C @ 19.6
Sell Full @ 17.76
June 25, 2008
Short full SLV @ 167.00
Buy full SLV @ 164.23
June 25, 2008
Short C @ 19.79
Buy 1/2 C @ 19.48
June 25, 2008
Short 1/2 MER @ 34.36
Buy 1/2MER @ 36.36
June 24, 2008
Sell 1/2 MER @ 33.53
Buy 1/2MER @ 34.70
June 13, 2008
Sell 1/2 LEH @ 24.46
Buy 1/2 LEH @ 25.50
June 11, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 80.57
Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 63.35
June 06, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 83.01
Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 65.72
June 03, 2008
Sell short 1/2 XLF @ 26.48
Cover 1/2 XLF @ 24.23
June 02, 2008
Sell short 100 shares LEH @ 34.37
Buy to cover full 1/2 LEH @ 30.74
May 29,2008
Sell short LEH 1/2 @ 36.13
Buy to cover 1/2 LEH @ 38.14
May 22,2008
Buy OIL 1/2 @ 75.33
Sell 1/2 OIL @ 80.02
May 21,2008
Sell short full IAU @ 95.55
Buy to cover full IAU @ 91.55
May 20,2008
Short 1/2 C @ 167.50. Stopped out @171.00
Short 1/2 C @ 169.61. Stopped out @ 171.00
May 19,2008
DUG-1/2 @ 29.14 sold @ 26.90
DUG-1/2 @ 30.12 sold @ 26.90
April 28,2008
Short 1/2 C @ 24.76. Stopped out @ 26.75
Short 1/2 C @ 25.85. Stopped out @ 26.75
April 23,2008
Short 1/2 SLV @ 177.29
Cover 1/2 @ 170.08
April 18, 2008
GDX Full @ 51.34
GDX Full called away @ 49.50
GDXDS sold 1 contract @ 5.50-expired
April 17,2008
Short 1/2 SLV @ 178.45
cover @ 180.62
Short 1/4 SLV @ 179.00
Cover @ 180.62
April 01,2008
Short 1/4 SLV @ 176.15
stop out @ 167.59
Short 1/4 SLV @ 177.51
stop out @ 167.59
March 24, 2008
Short 1/4 SLV @ 198.51
stop out @ 170.56
Short 1/4 SLV @ 180.90
stop out @ 170.56
March 19, 2008
Sell 1 GDX March 50 call (GDXCX) @ 5.00
Buy 1 GDX March 50 call @ 0.70
Sell 1/4 LEH @ 45.00
Buy 1/4 LEH @ 46.98
March 13, 2008
Buy 1/4 UNG @ 43.44
Sell 1/4 UNG @ 48.00
March 12, 2008
Buy full EXK @ 4.10
Sell full EXK @ 3.96
March 06, 2008
Buy 1/4 SLV @ 200.50
Sell 1/4 SLV @ 200.00
Feb. 21,2008
Short 25 IAU @ 89.51
Buy 25 IAU @ 94.17
*Hedged with GLD
Feb. 7,2008
Sell 100 IAU @ 86.89
Buy to cover 100 IAU @ 90.50-
*Hedged with GLD
Buy 25 GS @ 188.01
Sell 25 GS @ 189.87
Feb. 7,2008
Sold 1 contract GDX Feb. 40 call
GDXBN @ 9.20
Bought to close @ 6.70
*Hedged with GDX
Jan. 30 2008
Bought 100 GLD @ 86.53
Sold 50 GLD @ 89.25
Sold 50 GLD @ 90.25
*Hedged via IAU
Jan. 25 2008
Bought 100 IVV @ 140.38*hedged with SPY
Sold 100 IVV @ 136.23*hedged with SPY
Jan. 23 2008
Sold 100 SPY @ 139.15*hedged withIVV
Bought 100 SPY @ 130.61*hedged with IVV
Sold 50 OIL @ 51.17
Covered 50 OIL @ 51.13
Sold 200 SPY @ 128.81
Bought 200 @ 132.11
Jan. 18 2008
Sell short 50 OIL @ 53.58
Buy 50 OIL @ 52.66
Jan. 14 2008
Sold short 50 shares GDX @ 51.46
buy 50 shares @ 49.22
Sold short 25 shares GLD @ 87.89
buy 25 shares @ 87.53
Jan. 14 2008
Sold short 50 shares CFC @ 8.65
Covered 50 shares CFC @ 6.44
Sold short 75 shares GDX @ 9.61
Covered 50 shares CFC @ 6.44
Jan. 07 2008
Sold short 50 shares GDX @ 49.30
stopped 25 shares @ 50.30
stopped 25 shares @ 51.30
Jan, 07 2008
Sold short 100 shares OIL @ 56.97
Covered 100 shares OIL for 55.37.
Nov. 13 2007
Buy to open 1 contract GPYKD @
4.9 sell to close @ 8.9.
(GS Nov 200 call)
buy 1/4 PAAS @ $11.80
stop 1/4 @ $9.89
11-12-08:
buy 1/4 PAAS @ $12.03
stop 1/4 @ $9.89
10-28-08:
buy 1/2 DIA @ $84.25
stop 1/2 @ $89.94
10-28-08:
DOG 1/2 @ $86.50
Stop 1/2 @ $81.80
10-27-08:
buy 1/2 SKF @ 164.79
sell 1/2 SKF @ 157.92
10-27-08:
buy 1/4 SKF @ 127.31
sell 1/4 SKF @ 157.92
10-27-08:
buy 1/4 SKF @ 123.05
sell 1/4 SKF @ 157.92
10-23-08:
buy 1/4 UNG 30.25;
Stop 1/4 UNG @ $29.25.
Sept 23, 2008
buy 1/4 GS @ 110.36
sold 1/4 GS @ 118.80
Sept 17,2008
buy 1/4 GS @ 102.20
stop 1/4 GS @ 99.55
Sept 16,2008
Buy 1/4 GS @ 112.30
Stop 1/4 GS @ 103.20
Sept 16,2008
Buy 1/4 SKF @ 112.50
Stop 1/4 SKF @ 128.05
Aug 28, 2008
Short 1/4 HBC @ 82.67
Cover 1/4 HBC @ 78.10
Aug 28, 2008
Short 1/4 WFC @ 29.59
Cover 1/4 WFC @ 29.59
Short 1/4 WFC @ 30.29
Cover 1/4 WFC @ 29.59
Aug 5, 2008
Buy 1/4 SKF @ 135.62
Stop 1/4 SKF @ 127.91
Aug 5, 2008
Buy 1/4 SKF @ 117.51
Stop 1/4 SKF @ 127.91
Aug 5, 2008
Short 1/4 DB @ 92.56
Cover 1/4 DB @ 96.25
July 29, 2008
Short 1/2 DB @ 89.94
Cover 1/2 DB @ 92.93
July 29, 2008
SKF 1/4 @ 135.62
Stop @ 127.91
July 27, 2008
Buy 1/2 DUG @ 34.72
Sell 1/2 DUG @ 34.75
July 27, 2008
Buy 1/2 DUG @ 30.13
Sell 1/2 DUG @ 34.75
July 16, 2008
Buy 1/4 OIL @ 84.19
Sell 1/4 OIL @ 83.45
July 16, 2008
Short 1/4 HBC @ 73.03
Cover 1/4 HBC@ 76.56
July 16, 2008
Short 1/4 MER @ 25.77
Cover 1/4MER @ 28.00
July 15, 2008
Short 1/2 DB @ 79.59
Cover 1/2 @ 81.55
July 07, 2008
Buy 1/2 DIG @ 116.69
Sell 1/2 DIG @ 109.10
July 07, 2008
Buy Full XLF @ 20.52
Sell Full @ 19.22
July 02, 2008
Short 1/2 LEH @ 26.73
Cover 1/2 LEH @ 21.85
June 27, 2008
Buy 1/2 DUG @ 27.32
Sell 1/2 DUG @ 27.32
June 27, 2008
Buy full C @ 19.6
Sell Full @ 17.76
June 25, 2008
Short full SLV @ 167.00
Buy full SLV @ 164.23
June 25, 2008
Short C @ 19.79
Buy 1/2 C @ 19.48
June 25, 2008
Short 1/2 MER @ 34.36
Buy 1/2MER @ 36.36
June 24, 2008
Sell 1/2 MER @ 33.53
Buy 1/2MER @ 34.70
June 13, 2008
Sell 1/2 LEH @ 24.46
Buy 1/2 LEH @ 25.50
June 11, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 80.57
Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 63.35
June 06, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 83.01
Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 65.72
June 03, 2008
Sell short 1/2 XLF @ 26.48
Cover 1/2 XLF @ 24.23
June 02, 2008
Sell short 100 shares LEH @ 34.37
Buy to cover full 1/2 LEH @ 30.74
May 29,2008
Sell short LEH 1/2 @ 36.13
Buy to cover 1/2 LEH @ 38.14
May 22,2008
Buy OIL 1/2 @ 75.33
Sell 1/2 OIL @ 80.02
May 21,2008
Sell short full IAU @ 95.55
Buy to cover full IAU @ 91.55
May 20,2008
Short 1/2 C @ 167.50. Stopped out @171.00
Short 1/2 C @ 169.61. Stopped out @ 171.00
May 19,2008
DUG-1/2 @ 29.14 sold @ 26.90
DUG-1/2 @ 30.12 sold @ 26.90
April 28,2008
Short 1/2 C @ 24.76. Stopped out @ 26.75
Short 1/2 C @ 25.85. Stopped out @ 26.75
April 23,2008
Short 1/2 SLV @ 177.29
Cover 1/2 @ 170.08
April 18, 2008
GDX Full @ 51.34
GDX Full called away @ 49.50
GDXDS sold 1 contract @ 5.50-expired
April 17,2008
Short 1/2 SLV @ 178.45
cover @ 180.62
Short 1/4 SLV @ 179.00
Cover @ 180.62
April 01,2008
Short 1/4 SLV @ 176.15
stop out @ 167.59
Short 1/4 SLV @ 177.51
stop out @ 167.59
March 24, 2008
Short 1/4 SLV @ 198.51
stop out @ 170.56
Short 1/4 SLV @ 180.90
stop out @ 170.56
March 19, 2008
Sell 1 GDX March 50 call (GDXCX) @ 5.00
Buy 1 GDX March 50 call @ 0.70
Sell 1/4 LEH @ 45.00
Buy 1/4 LEH @ 46.98
March 13, 2008
Buy 1/4 UNG @ 43.44
Sell 1/4 UNG @ 48.00
March 12, 2008
Buy full EXK @ 4.10
Sell full EXK @ 3.96
March 06, 2008
Buy 1/4 SLV @ 200.50
Sell 1/4 SLV @ 200.00
Feb. 21,2008
Short 25 IAU @ 89.51
Buy 25 IAU @ 94.17
*Hedged with GLD
Feb. 7,2008
Sell 100 IAU @ 86.89
Buy to cover 100 IAU @ 90.50-
*Hedged with GLD
Buy 25 GS @ 188.01
Sell 25 GS @ 189.87
Feb. 7,2008
Sold 1 contract GDX Feb. 40 call
GDXBN @ 9.20
Bought to close @ 6.70
*Hedged with GDX
Jan. 30 2008
Bought 100 GLD @ 86.53
Sold 50 GLD @ 89.25
Sold 50 GLD @ 90.25
*Hedged via IAU
Jan. 25 2008
Bought 100 IVV @ 140.38*hedged with SPY
Sold 100 IVV @ 136.23*hedged with SPY
Jan. 23 2008
Sold 100 SPY @ 139.15*hedged withIVV
Bought 100 SPY @ 130.61*hedged with IVV
Sold 50 OIL @ 51.17
Covered 50 OIL @ 51.13
Sold 200 SPY @ 128.81
Bought 200 @ 132.11
Jan. 18 2008
Sell short 50 OIL @ 53.58
Buy 50 OIL @ 52.66
Jan. 14 2008
Sold short 50 shares GDX @ 51.46
buy 50 shares @ 49.22
Sold short 25 shares GLD @ 87.89
buy 25 shares @ 87.53
Jan. 14 2008
Sold short 50 shares CFC @ 8.65
Covered 50 shares CFC @ 6.44
Sold short 75 shares GDX @ 9.61
Covered 50 shares CFC @ 6.44
Jan. 07 2008
Sold short 50 shares GDX @ 49.30
stopped 25 shares @ 50.30
stopped 25 shares @ 51.30
Jan, 07 2008
Sold short 100 shares OIL @ 56.97
Covered 100 shares OIL for 55.37.
Nov. 13 2007
Buy to open 1 contract GPYKD @
4.9 sell to close @ 8.9.
(GS Nov 200 call)
2 comments:
what do u think about UNG? its setting up the bullish W formation.
i'm no expert but it may be worth a look. natural gas and oil are not going to be in the same basket in regards to performance in an economic calamity
You are right about the W formation. The first bottom in August and the second in January, both in the 32-34 zone. No one has a crystal ball, but this is what I would do. Put Up your 50 day moving average. Buy a small number of shares, and PUT YOUR STOP @ the 50 dma. I will actually post this one.
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