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Baylor
Member since May 2009
239 posts
| Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:29 pm)
I would suggest getting in large on SH,SDS
and URPIX. This bear market will be very choppy.
Today is a good opportunity to prepare for the the fall down to the 1000 level.
If you have a margin account you can also short
SPY and SSO to put the slippage in your favor.
Im told that we will be hitting the 1000 point mark in as few as 15 trading days.
If this happens and you are in one of the above it will be very profitable.
Good luck.
This post was edited on 8/9 at 4:11 pm
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John Merlyn 
Alabama Fan
Member since Oct 2009
2203 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:33 pm to Baylor)
quote:
I would suggest getting in large on SH,SDS
and URPIX. This bear market will be very choppy.
Today is a good opportunity to prepare for the the fall down to the 1000 level.
If you are experienced in options you can also short
SPY and SSO to put the slippage in your favor.
Im told that we will be hitting the 1000 point mark in as few as 15 trading days.
If this happens and you are in one of the above it will be very profitable.
Good luck.
yawn
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Chad504boy 
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64797 posts
 Online
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:35 pm to Baylor)
quote:
would suggest getting in large on SH,SDS
and URPIX. This bear market will be very choppy.
Today is a good opportunity to prepare for the the fall down to the 1000 level.
If you are experienced in options you can also short
SPY and SSO to put the slippage in your favor.
Im told that we will be hitting the 1000 point mark in as few as 15 trading days.
If this happens and you are in one of the above it will be very profitable.
Good luck.
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kfizzle85 
LSU Fan
Houston
Member since Dec 2005
19841 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:39 pm to Baylor)
Haters gonna hate brah. Shake em off.
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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
27076 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:40 pm to Baylor)
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TulaneLSU
TBD Fan
Member since Aug 2003
Member since Dec 2007
8608 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:44 pm to Baylor)
How long does your friend say to hold the SH,SDS
and URPIX? Do you mean to type 10,000 instead of 1,000?
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saint308
LSU Fan
LA
Member since Oct 2010
496 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 3:48 pm to TulaneLSU)
quote:
Do you mean to type 10,000 instead of 1,000?
1000 S&P
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Baylor
Member since May 2009
239 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 4:10 pm to saint308)
Everything is based on the S&P
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foshizzle
LSU Fan
Member since Mar 2008
25115 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 4:13 pm to Baylor)
quote:
I would suggest getting in large on SH,SDS and URPIX. This bear market will be very choppy.
I would suggest betting on the Don't Pass line, your chances are about the same.
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kfizzle85
LSU Fan
Houston
Member since Dec 2005
19841 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 4:17 pm to foshizzle)
IDK why you guys don't just let him do his thing, he's made it clear he's just passing along information. He said there was a SHTF moment coming like a month and a half ago, and sure enough it did. Even without any reasoning or understanding of what drives said prediction, at least give him a chance to be wrong.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63205 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 6:05 pm to kfizzle85)
quote:
He said there was a SHTF moment coming like a month and a half ago, and sure enough it did. Even without any reasoning or understanding of what drives said prediction, at least give him a chance to be wrong.
Didn't he say he has a 'friend' who advises him so he's just passing along what the friend says?
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Tiger4
LSU Fan
Member since Jan 2009
8761 posts
| re: Dont let today's fools gold fool you. (Posted on 8/9/11 at 6:08 pm to LSURussian)
quote:
Didn't he say he has a 'friend' who advises him so he's just passing along what the friend says?
Yes.
This post was edited on 8/9 at 6:13 pm
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djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1221 posts
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 12:48 am to Baylor)
Does the Fed announcement that interest rates will remain low forever or 2 years change your friend's analysis for the 15 day target?
Wouldn't this be a new variable?
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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
27076 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 7:49 am to djmicrobe)
That damn Fed. Always fricking up the free market.
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16383 posts
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 8:13 am to kfizzle85)
quote:
IDK why you guys don't just let him do his thing, he's made it clear he's just passing along information. He said there was a SHTF moment coming like a month and a half ago, and sure enough it did. Even without any reasoning or understanding of what drives said prediction, at least give him a chance to be wrong.
I agree with this.
The guy played like a champion when it seemed like he was wrong and he stuck to his guns. He's earned some level of respect.
His cryptic nature is kind of infuriating, though.
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kfizzle85
LSU Fan
Houston
Member since Dec 2005
19841 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 9:26 am to djmicrobe)
I don't think it is. There's this large and loud contingent of people who continually harp on QE2 (although none of them were around for QE1) and blather on about it constantly, probably in thanks to talking heads doing just that, talking. Those people probably thought fed rates were going up soon. Meanwhile, real market participants did not, and this is verifiable and easily observed by looking at the fed funds futures. Of course, trying to explain wtf the fed funds futures is does not make for nearly as good a story as "printing billions and pumping up the economy hyperinflation ohnoes!"
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tirebiter
LSU Fan
ATL
Member since Oct 2006
4459 posts
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 9:59 am to kfizzle85)
Precisely why some dumbass bought 30-YR TIPS at auction in February and continued reducing equity exposure. 
I seriously do not understand how people conceptually could believe tightening would occur with unemployment > 9-10%+.
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kfizzle85
LSU Fan
Houston
Member since Dec 2005
19841 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 10:01 am to tirebiter)
Because they're DESTROYING OUR ECONOMY!!11!1!!
At least that's what I was told.
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JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
15896 posts
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 1:59 pm to TheHiddenFlask)
quote:
His cryptic nature is kind of infuriating, though.
It's not so much the cryptic nature that turns some people off IMO, it's the "this will happen and it is immenent, thank me later" mentality.
He - and the supposed person that is feeding him info (which I seriously doubt the existence of) - are simply trying to time the market. They are no different than any other market timer, yet he presents himself and his supposed info as some kind of undisputed inner-workings knowledge of what's to come in the near term for the most efficient market in the world.
This post was edited on 8/10 at 2:07 pm
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kfizzle85
LSU Fan
Houston
Member since Dec 2005
19841 posts
Online
| re: Dont let today's fools gold fool you. (Posted on 8/10/11 at 2:08 pm to JPLSU1981)
I don't get that impression at all, but I'm also not trading anything.
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