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dexion10 (28.21)

We rally today friends - it will be silly and short lived - but buy stock today

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November 13, 2008 – Comments (4) | RELATED TICKERS: TNA , SSO , UWM

I have honored our country buy buying stock on shortly after the open.... I suggest you do the same.
 
be honorable buy worthless stock from thy neighbor - they will pay it forward and buy it back from you higher.

 

Sometimes you have to put on the "TITANIC TRADE" and be prepared to go down with the ship. 

Today I am doing that with 3x ultra long ETFs like the TNA..... I will at somepoint in the next 30 days reverse this decision and put on an "ICEBERG TRADE". 

 

While I prefer to be short this silly equity market - which is not cheap relative to bonds... today I expect it to be silly and to go  up.

4 Comments – Post Your Own

#1) On November 13, 2008 at 11:19 AM, motleyanimal (99.24) wrote:

I am perhaps the most optimistic man on the Titanic.

While others panic and jump overboard, I am content to sit at the bar and make the following observation: "At least we won't run out of ice!"

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#2) On November 13, 2008 at 5:22 PM, dexion10 (28.21) wrote:

indeed today was a day to be an optimist... my portfolio is up 50% due to leveraged ETFs in my margin account.

 

don't try to do this at home

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#3) On November 13, 2008 at 6:35 PM, Tastylunch (30.02) wrote:

Holy hannah Montana that's ballsy my friend

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#4) On November 13, 2008 at 9:17 PM, anchak (99.85) wrote:

Dex......you have some steel there my friend....I can only do this in CAPS!

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