Monday, May 6, 2013

50% Short TNA

JTS sells its long position and heads to cash.  CCI remains short, so JT Comp moves to 50% short TNA.   I will maintain my partial TZA position.  Thanks!

8 comments:

  1. Good luck with your TZA position, J.

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    Replies
    1. I guess that means you are not joining in the party?

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  2. I'm sticking to the 100% comp trades, though, given where the futures are now, J's TZA position looks like it will be profitable.

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  3. Where were the futures down like a tenth percent at 10 pm? When Japan was up like 3 percent?

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  4. Better than now, right? I'm liking the 100% Composite more and more.

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  5. Actually I beleive futures look better now. I was wondering what you saw at 10 pm that made you think a current position in tza would be profitable?
    Thanks!

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  6. Nothing, actually. From what I see, the market is in a buying frenzy and I'm cautious about the downside. Actually, I was just trying to be encouraging to J, for whom I have great respect and affection.

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