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Stock Thread (57 Viewers)

100 UCO at $43.64
Another 100 at $42.63 for 200 at $43.14
Put a buy in at $41.63 and it bounced at $41.64. :wall:

Bought another 100 at $41.86 for 300 at $42.71
Do you typically close out your position before the end of the trading day?
No but I like to close it out before the weekend or Holiday. However I'll let this one run for a while. I don't mind holding UCO because some jerk off geo political thing can make it bounce unlike SCO where you can get hammered over a weekend.

 
Anyone outside of NYC familiar with Seamless?

As someone who uses their service multiple times a week, I have to give GRUB serious consideration at these levels.

Anyone know anything about them? Gonna do some DD this weekend.

 
:hot:

I've gotten absolutely crushed between Yelp, UGA, and now UCO in the last week... Still up on the year a little bit and losing my appetite for risk.

Giving serious consideration to just riding the rest of the year on the sideline.

 
:hot:

I've gotten absolutely crushed between Yelp, UGA, and now UCO in the last week... Still up on the year a little bit and losing my appetite for risk.

Giving serious consideration to just riding the rest of the year on the sideline.
That sounds like the guy that says he's never drinking again after a bad hangover :P

 
St. Louis Bob said:
I have 600 shares of UCO at $39.56 now. OOF
i'm glad I sold yesterday for a loss of $900 on my 300 shares.

I hold none.. but at 32.00 flat I'm strongly considering buying again

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?

 
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Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because i really really enjoy losing money. Heck, would you like some money? I've literally got a ####load of money that I enjoy giving away, where can I send the check.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.
Because right now is a time to buy at a discount.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.
Because right now is a time to buy at a discount.
You don't think the market is overpriced? Im asking cuz I really don't know, but it seems to me like it is.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.
Because right now is a time to buy at a discount.
You don't think the market is overpriced? Im asking cuz I really don't know, but it seems to me like it is.
It's all artificially priced at this point. Years of QE would need to be unraveled to know what the natural price of anything is now. Given how painful that unraveling would be, it will never happen. So we are now committed to a world of artificial prices. Risk is limited, as we can all expect a government put when things get bad.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
The market is a few percantage points off of all time highs, how much free money are you talking about playing these inverse ETFs?

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.
Because right now is a time to buy at a discount.
You don't think the market is overpriced? Im asking cuz I really don't know, but it seems to me like it is.
It's all artificially priced at this point. Years of QE would need to be unraveled to know what the natural price of anything is now. Given how painful that unraveling would be, it will never happen. So we are now committed to a world of artificial prices. Risk is limited, as we can all expect a government put when things get bad.
A bit overstated IMO. Whether the government gets involved depends on the circumstances. If the market takes a 20% correction, I seriously doubt there would be government intervention aside from the normal Fed functions.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because i really really enjoy losing money. Heck, would you like some money? I've literally got a ####load of money that I enjoy giving away, where can I send the check.
I bought Yelp at $45 a month ago, debating to just take the massive one month loss.

I would like some of this free money you speak of - This will make my decision easier.

 
Looks like I'm the only one playing the inverse ETFs...free money.

Why is everybody getting into positions with the obvious warning signs?
Because if the last 7 years is any indication of what will happen over the next few months, we know that the US government will do something to keep the net worth of the populace from the natural drop that should occur. Everything is artificial now, so despite you taking the correct natural position, it will fail due to artificial forces. The exception being the natural forces being much too strong for the government to oppose... in which case were on the brink of societal collapse, and you being right on your etf positions will gain you no benefit anyway.
Yeah, I'm not so sure the Fed does much here. Until there are brighter signs from China and Europe on holding my inverse financials.

I guess I still don't understand why people are playing the market for upside right now.
Because right now is a time to buy at a discount.
You don't think the market is overpriced? Im asking cuz I really don't know, but it seems to me like it is.
It's all artificially priced at this point. Years of QE would need to be unraveled to know what the natural price of anything is now. Given how painful that unraveling would be, it will never happen. So we are now committed to a world of artificial prices. Risk is limited, as we can all expect a government put when things get bad.
A bit overstated IMO. Whether the government gets involved depends on the circumstances. If the market takes a 20% correction, I seriously doubt there would be government intervention aside from the normal Fed functions.
How much of what the Fed has done in the past 7 years do you consider is "normal"?

 
Craziest part of this "Chiness crisis" is that even with this huge drop of 30% and all of this selling, they're still about even/flat on 2015.

 
Craziest part of this "Chiness crisis" is that even with this huge drop of 30% and all of this selling, they're still about even/flat on 2015.
Shanghai was up 50% and Shenzhen over 105% YTD before prices started to drop. Even with today's panic selling, I doubt it has hit bottom yet.

 
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Well ####.

I've had a lot of money sitting on the sidelines. Put 15% of it in yesterday which is a really significant bet by anyone's standards. :wall:

 
Well ####.

I've had a lot of money sitting on the sidelines. Put 15% of it in yesterday which is a really significant bet by anyone's standards. :wall:
After such a strong intra-day reversal, I think it made sense to start buying. Fortunately for me, the only one of the three orders I placed that went through is still trading above my buy price. I won't do anything now until the NYSE starts trading again even though you can buy those stocks on other exchanges.

 
My boring diversified portfolio is slightly up for the year, slightly down today I would expect. No effort involved either way.

Next rebalance is due in 2 months, if anything is out of whack by then. If the S&P keeps dropping it will be time to sell a little G and F funds to buy a little S&P, Euro, and Small Cap. In June no rebalance was required - allocation was unchanged from March after an uneventful spring.

A big drop will just mean more shares bought every 2 weeks. Lately there have been big rallies on buy-days that have been pissing me off.

I tried market timing on a few occasions. Not worth the hassle for this perma-noob. I do keep eyeing VGENX however, in idle contemplation of market timing. Looking cheap. Of course if China goes in the dump it will get cheaper.

 
Well ####.

I've had a lot of money sitting on the sidelines. Put 15% of it in yesterday which is a really significant bet by anyone's standards. :wall:
After such a strong intra-day reversal, I think it made sense to start buying. Fortunately for me, the only one of the three orders I placed that went through is still trading above my buy price. I won't do anything now until the NYSE starts trading again even though you can buy those stocks on other exchanges.
That's good. Still have a lot just sitting there in a dividend account and neutral so I'm good for the year and plenty to put the selling continue. Just hate bad timing like this.

Good news it isn't a hack. At least that's what they want us to believe. :tinfoilhat:

 
It will be "bad timing" for any situation except calling the exact bottom, which is unrealistic.As long as you aren't dumping it all in at once, I think it will be fine to be doing some buying. Just may require a little more alcohol short-term.

 
My boring diversified portfolio is slightly up for the year, slightly down today I would expect. No effort involved either way.

Next rebalance is due in 2 months, if anything is out of whack by then. If the S&P keeps dropping it will be time to sell a little G and F funds to buy a little S&P, Euro, and Small Cap. In June no rebalance was required - allocation was unchanged from March after an uneventful spring.

A big drop will just mean more shares bought every 2 weeks. Lately there have been big rallies on buy-days that have been pissing me off.

I tried market timing on a few occasions. Not worth the hassle for this perma-noob. I do keep eyeing VGENX however, in idle contemplation of market timing. Looking cheap. Of course if China goes in the dump it will get cheaper.
TSP?

 
My boring diversified portfolio is slightly up for the year, slightly down today I would expect. No effort involved either way.

Next rebalance is due in 2 months, if anything is out of whack by then. If the S&P keeps dropping it will be time to sell a little G and F funds to buy a little S&P, Euro, and Small Cap. In June no rebalance was required - allocation was unchanged from March after an uneventful spring.

A big drop will just mean more shares bought every 2 weeks. Lately there have been big rallies on buy-days that have been pissing me off.

I tried market timing on a few occasions. Not worth the hassle for this perma-noob. I do keep eyeing VGENX however, in idle contemplation of market timing. Looking cheap. Of course if China goes in the dump it will get cheaper.
TSP?
Yes. TSP is where I do my rebalancing because it is free to do so. The rest is primarily in taxable accounts, in run of the mill index funds with Vanguard and Morgan Stanley. A couple of modest Roths with MS as well in which we are most aggressively positioned (longest timeframe) which I will eventually begin to reallocate to a more conservative position in another 10 years or so (mid-50's).

 
My boring diversified portfolio is slightly up for the year, slightly down today I would expect. No effort involved either way.

Next rebalance is due in 2 months, if anything is out of whack by then. If the S&P keeps dropping it will be time to sell a little G and F funds to buy a little S&P, Euro, and Small Cap. In June no rebalance was required - allocation was unchanged from March after an uneventful spring.

A big drop will just mean more shares bought every 2 weeks. Lately there have been big rallies on buy-days that have been pissing me off.

I tried market timing on a few occasions. Not worth the hassle for this perma-noob. I do keep eyeing VGENX however, in idle contemplation of market timing. Looking cheap. Of course if China goes in the dump it will get cheaper.
TSP?
Yes. TSP is where I do my rebalancing because it is free to do so. The rest is primarily in taxable accounts, in run of the mill index funds with Vanguard and Morgan Stanley. A couple of modest Roths with MS as well in which we are most aggressively positioned (longest timeframe) which I will eventually begin to reallocate to a more conservative position in another 10 years or so (mid-50's).
Love me some TSP :hifive:

 
Cash is presently the most demanded asset in the world. It's a good asset to have in the portfolio right now. When central banks start QE again, sell.

 

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