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!
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7 comments:

  1. AlgyrosMay 6, 2013 at 7:47 PM

    Good luck with your TZA position, J.

    ReplyDelete
    Replies
    1. RealMoneyIssuesMay 6, 2013 at 9:49 PM

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

      Delete
  2. AlgyrosMay 6, 2013 at 9:57 PM

    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. john9o9May 7, 2013 at 5:21 AM

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

    ReplyDelete
  4. AlgyrosMay 7, 2013 at 7:59 AM

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

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  5. john9o9May 7, 2013 at 9:06 AM

    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!

    ReplyDelete
  6. AlgyrosMay 7, 2013 at 9:14 AM

    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.

    ReplyDelete

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