RM's occasional market calls...

[Rearden Metal]

Let's see if I can put together a few correct market calls without embarrassing myself...

SHORT SLV at $26.98 (current AH price)
No stop. Projected time frame: 1-3 day holding period, planning to scale out as it goes my way.

 

[xburbx]

regardless of your calls, great ET handle

 

[Rearden Metal]

None of this is academic.
I'm short silver (Long ZSL, actually) with real money, and currently feeling real pain. Holding for now...

 

[shortie]

Quote from xburbx:

regardless of your calls, great ET handle

i am not saying this call won't work. it probably will. i hope it will rival his great Long FAS call in the summer 2008.


but in case the call does not work out i have a new handle suggestion: LongJohnSilverUpMine

 

[bpcnabe]

Quote from shortie:

i am not saying this call won't work. it probably will. i hope it will rival his great Long FAS call in the summer 2008.

What call was that, considering FAS didn't exist before 11/06/08

http://www.direxionshares.com/etf/fbu_3x_shares.html

 

[sprstpd]

Quote from Rearden Metal:

SHORT SLV at $26.98 (current AH price)

Just curious on your methodology - do you ever add to a losing position?

 

[shortie]

Quote from bpcnabe:

What call was that, considering FAS didn't exist before 11/06/08

http://www.direxionshares.com/etf/fbu_3x_shares.html

then it was some other leveraged financial etf. the call was to go long financials in July right at the local bottom for financials.

even unleveraged XLF went up ~30% within two weeks!

 

[Rearden Metal]

Quote from shortie:

then it was some other leveraged financial etf.

Yup, it was UYG.

Quote from sprstpd:

Just curious on your methodology - do you ever add to a losing position?

Sure, all the time.

 

[ChkitOut]

I think its going to 32, but thats just me. :eek:

 

[[Proximo]]

SLV -- will probably tag 30 in the near future.

I'm sure your not the only one who wants to short this thing. Which can only mean one thing.

New Highs !!!