Thursday, November 15, 2012
Holding.
All systems remain long. I'm still not quite interested in adding to my long position yet. It will require a spike in the VIX before I'm ready. The lack of fear seems to be what is missing, which basically means I think we are going lower in the short term.
Because of the weakness in the VIX, at least our XIV position is holding up well...
See ya tomorrow.
J
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Picked up some more longs today.
ReplyDeleteJust imagine what things would have looked like had you chosen TNA instead of XIV..
ReplyDeleteRemember as I sit SFLY TQQQ and DUST long position from my early post still holding them and if APPLE closed below under 490.00 My system is going to go long for it .
ReplyDeleteXIV closed at 17.01
SFLY LONG
TQQQ LONG
DUST long since last week
JKH, nice call on AAPL. Was below June lows...
ReplyDeleteLotta peanut-gallery friends capitulated today... esp on AAPL... so, the masses are voting w/their wallets... and I'm still buying.
Delete