Anyone else long QID?

[Landis82]

Quote from S2007S:

I had the opportunity to sell UYG this morning for about a $1.00 profit and didnt, dont care though because UYG moves quick. Will be buying more UYG on the way down, pays a nice 4% DIV as well. UYG will be back in the low to mid 30's.

Congratulations, the UYG trades down to 28.14 today.
:eek:

 

[S2007S]

Quote from Landis82:

Congratulations, the UYG trades down to 28.14 today.
:eek:

Not worried one bit, will add more if I have to, its a long term hold. End of year target is mid 30's. 20-30% return.

 

[Landis82]

Quote from S2007S:

Not worried one bit, will add more if I have to, its a long term hold. End of year target is mid 30's. 20-30% return.

The UYG just took out the mid-April lows today. All moving averages are negative and the price action is below the 10, 21, and 40 day MA.

For someone that creates post after post about how badly "tapped-out" the consumer is and how the surge in credit card debt will lead to the next big debt crisis for the BANKS . . . you sure make a twisted case for being long an index that has JP Morgan (5.6%), Citicorp (5%), Wells Fargo (3.8%), Wachovia (2.5%), B of A (7%), the Dow Jones USFN (6%), among others.

20-30% year end target?
What kind of drugs are you on?
Got anything for SCHIZOPHRENIA???

 

[S2007S]

Quote from Landis82:

The UYG just took out the mid-April lows today. All moving averages are negative and the price action is below the 10, 21, and 40 day MA.

For someone that creates post after post about how badly "tapped-out" the consumer is and how the surge in credit card debt will lead to the next big debt crisis for the BANKS . . . you sure make a twisted case for being long an index that has JP Morgan (5.6%), Citicorp (5%), Wells Fargo (3.8%), Wachovia (2.5%), B of A (7%), the Dow Jones USFN (6%), among others.

20-30% year end target?
What kind of drugs are you on?
Got anything for SCHIZOPHRENIA???

I can guarantee you that UYG is back between 33-37 within the next few months, that will bring a possible 25% return. Ill remind you when UYG is back above $33.

 

[Landis82]

Quote from S2007S:

I can guarantee you that UYG is back between 33-37 within the next few months, that will bring a possible 25% return. Ill remind you when UYG is back above $33.

So you are BULLISH on Banks and the Banking System, even though you posted yesterday that there will be a huge credit crunch regarding credit card debt that will hammer the financials?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1944067#post1944067

Or do you simply post out your arse all day long with one "cut and paste" job after another with no rhyme or reason???

 

[makloda]

Quote from S2007S:
I can guarantee you that UYG is back between 33-37 within the next few months

One thing I learned in the markets is that whenever someone uses phrases like "I CAN GUARANTEE YOU" or "I SWEAR BY THE MOTHER OF GOD" when talking about market direction they probably are not trading any real money.

 

[stock_trad3r]

Quote from einai:

I've been quietly riding this down for the past few days, trying to figure out whether to cash out or stay in for the longer haul.

I'm incredibly bearish on this market but I'm worried about a sudden oil-driven rally.

Any thoughts are, always, appreciated.

DH

QID down huge today..nice call smuck

 

[Landis82]

Quote from S2007S:

I can guarantee you that UYG is back between 33-37 within the next few months, that will bring a possible 25% return. Ill remind you when UYG is back above $33.

Now trading 7% lower at $27.28 today.
Congratulations!
:eek:

 

[Landis82]

Quote from S2007S:

I can guarantee you that UYG is back between 33-37 within the next few months, that will bring a possible 25% return. Ill remind you when UYG is back above $33.

UYG now trading in the $24 handle.
You continue to get CRUSHED with no stops, as usual.
:eek:

 

[USAtrader]

.

USAtrader
05-23-08 10:01 AM
Yes, QID and SDS. Nobody wanted these when they were bottoming a week or so ago

Quote from xflat2186:

pretty easy to say that nowLOL