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Hey CharlotteCharlotte, in your post of 8/14 you said you were going all short the following week. How'd that work out for you? LOL.
Went pretty good. I been loading up all during the week and got my last fill yesterday. I only plan on holding my short positions for the next 3-6 months and I am 100% confident my short ETF's like FAZ which I picked up yesterday at 23.85 will do quite well over the coming weeks/months.
Location: livin' the good life on America's favorite island
2,221 posts, read 4,392,577 times
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Quote:
Originally Posted by CharlotteCharlotte
Has anyone been hearing rumors of this? Quite frankly I don't even know what this would mean. From what I hear banks could be shut down for a set period of time. I know the FDIC insurance fund is ready to run dry and just this evening Colonial Bank went under costing the FDIC insurance fund 2.8 billion dollars which means the FDIC insurance may have just went dry? I just don't know what all this could mean, also banks have been closing every weekend at a faster clip so everyone is saying recovery but I sure as heck don't see it. Just remember current events form future trends
Also I plan on going all short in the market next week because I believe the market top is just about in. Its going to be a bad Fall of 2009 you just wait and see
Your previous post: "moved here from Cali without a job a few months ago and was able to get an apartment by showing proof of having atleast 50,000 dollars in savings!!!"
Doesn't sound too risk diverse without a job an 50k in savings....
Your previous post: "moved here from Cali without a job a few months ago and was able to get an apartment by showing proof of having atleast 50,000 dollars in savings!!!"
Doesn't sound too risk diverse without a job an 50k in savings....
I predict that CharlotteCharlotte is a 35 year old with terrible body odor problems living in his parent's basement.
Went pretty good. I been loading up all during the week and got my last fill yesterday. I only plan on holding my short positions for the next 3-6 months and I am 100% confident my short ETF's like FAZ which I picked up yesterday at 23.85 will do quite well over the coming weeks/months.
Just curious CC: How does an indiviual trade ETF's? Perhaps your trading a deriviate for a brokerage firm?
ETFs trade like stocks and have really been scrutinized recently. I tend to agree with the short call CC as I think the Feds have been artificially propping up the market. The volume just hasn't been there. But don't fight the tape...1050-1200 S&P is a real possibility.
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