Monday, October 3, 2011

Hold. Sell half if SPX dips below 1101.54.


  1. Wow, the last 10 minutes were CRAZY.

    I am in all cash after a quick 18% day trade on TZA (52.47 -> 58.71) on a half position (wish I had done it ALL).

    I don't have a clue what to do now that we have closed below 1100... I will have to see what the best option is...

    Good Luck to all, it is BAD out there :)

  2. Sorry, 12% not 18%... USAA can't add ;)

  3. Nicely done, RMI. I was on the road today and missed all the fun. We are finally back to home sweet home and it feels good! Seven consecutive days at Disneyworld sandwiched between 2 days of driving on both ends kicked my @$$ more than the market ever has.

    It's back to business for me starting tomorrow. I'm cash heavy and hoping for a bit more capitulation. But I have no doubt a huge rally is coming...