My Favorite Position Of All

[blast19]

My vote is with an inverter bullish harami..don't try that one with any woman over 40, trust me.

 

[nwtrader245]

effel tower or rusty trombones

 

[S2007S]

Quote from TM1:

Not much volume, even last week.

no volume because no one knows about these ETFs yet, everyone is trading QID instead of the individual sector ETFs.


Havent traded any of those yet, still holding a bunch of QID and bought some QLD on the drop below 78 today for a swingtrade.


As for the financial ETF, cramer said that the financials were done going down, I disagree, I think there is plenty of room to fall even more. SMN did have a nice selloff before going into last tuesday, dropped below 63 than ran up to 70+

 

[formikatrading]

Looks like you have a problem with being premature.

Quote from ByLoSellHi:

My new favorite position of all:

SKF ProShares UltraShort Financials ETF

Let us see how how financials hold up in what I feel will be the storm of the credit squeeze that I believe is working its way onto land.

The signs of credit restriction and tightening lending standards are everywhere, spawned by, but in no way limited to, the mortgage crisis that has begun to unfold.

Mortgage lending trumps all else in size and mass, and has a trickle down effect on consumer credit.

From home equity gushes credit card spending.

 

[S2007S]

Short MA as well. Stock doesnt deserve to be over 100, goes back to the low 80's......

 

[ByLoSellHi]

Quote from formikatrading:

Looks like you have a problem with being premature.

I am firmly in non-discretionary camp, like gasoline/crude oil.

I hate financials and discretionary consumer anything.

Long oil and oil refiners!!!

 

[S2007S]

Quote from ByLoSellHi:

I am firmly in non-discretionary camp, like gasoline/crude oil.

I hate financials and discretionary consumer anything.

Long oil and oil refiners!!!

OIL could easily be back at 65+ in the next few weeks.

 

[ByLoSellHi]

Quote from S2007S:

OIL could easily be back at 65+ in the next few weeks.

$80 call from 'the man' 10 minutes ago.

 

[flytiger]

15:05 NEW New Century Mortgage residential primary servicer rating downgraded at Fitch (5.40 +0.38) -Update-

Fitch Ratings downgrades New Century Mortgage Corporation's, a subsidiary of New Century Financial Corp. (NEW), residential primary servicer rating for subprime product to 'RPS4' from 'RPS3+', and places the rating on Watch Negative. The rating action reflects uncertainties over NEW's ability to maintain adequate funding and remain viable over the near term.

even w/bsc up 1.72, Skf is up .18.