I think you got the wrong guy, what is GIGA??? Anyway, I am NOT attacking ETF, I like him. I especially like anyone on this site who has balls and makes calls. The only problem I had was his gloating right at friday lows. Spin in any way you want, but he had 3 posts in 7 minutes all gleefully predicting a crash today. Can't anyone on this site EVER admit they are wrong? He was wrong. This is what he excitedly posted: how in blue hell can you spin this?? moral: never, ever count your dough at 10am.
Lets look at the sequence of events: Market churns first 90 minutes resembling a rare diamond pattern. Potential that this is a dip in the works. More so since last Thursdays bar *could* be a THROWBACK. Market dips the height of the diamond with opportunity to cover a portion of the position and look for improvement. Two covers (+0.45%, +0.71%) after diamond reversal and slowly moves up. Positions that were the worst in the portfolio but showing profit. Positions that were held for over a week and were underwater by over 1.5%. *** ALL THIS BEFORE the market even made a UBO *** Recognition that this could be a DIP with potential follow through. A GUT FEEL market COULD go higher. Positions continue to be over 170% biased short and AT RISK. TIME TO COVER THE AGRESSIVE POSITION. Cover position on (+1.11% and 1.63%). Then, the above post from Rubberbird. Almost seemingly perturbed that someone who remains biased short defied his own short view on the world and covered. At this point the diamond reversal is up no less than than *0.15%* BEFORE Rubberbird starts to lecture a trader who has already shown profit. Then a long at $38.02 TO BOX IN A PORTION of the position. QQQQ grinds away to walk up to $38.25 - making the dip call correct. Sell for +0.60% on the long. Then, a reshort at $38.25 to add to an already short position IN THE MONEY. Now Rubberbird comes out flaming even more AFTER all of this occurs. His entire week is now one big wasted effort. So much to the point that he results in name calling. Even crazily suggests a kid is managing money. All because he is just angry he didn't cover for profit. Face it, your pissed off because this week didn't turn out the way you wanted it and you continue to lecture someone who HAS SHOWN PROFIT. BAD MOVE. THE RIGHT CALLS WERE MADE GIVEN THE AMOUNT OF EXPOSURE AND EVENTS THAT LED UP TO TODAY. Have a good weekend.
All your flaming posts are after the fact. After profits were taken. And you want to argue with that? Whats so funny is that you actually suggest that the market moved up AFTER positions were covered 0.15% into the bounce. Almost blaming it on me! Now I know you love me. LOL!
dude, come back to earth. you said this: now do any of these posts say you covered, or that you expect a further plunge? how stupid do you think we are? and then the market roared up mightily. so why spin it. you were wrong. I like you, kid. I did zero flaming. i got no axe to grind. october was a blockbuster month for me, and this week was the coup de gras. This was my best week, and my best month in 3 years. I live off of volatility. But you should have learned a valuable lesson today not to gloat while the markets in session.
rb that response was directed towards apex... not yourself i will try to be more specific. I am not following this thread for the opportunity to heckle someone if it fails, but to maybe learn something if the strategy works for the person. ETF was making some bold calls and I wanted to see where they would go... Again, that response was directed toward apex not yourself...sorry for not being specific. And apex did rec GIGA at $4 all the way up to earnings day. peace and goodwill towards all!
its quite alright. i didn't get upset. it's not surprising that apex would have another dud. I like etf, but he has to admit that his 3 posts all gleefully predicting a crash today were not correct. that's all. he cannot change what his posts were. they speak for themselves.
Kid? Hardly. Don't bother using the daddy talk to me. I'm likely older than you, sonny. You are closing your eyes to one thing that you cannot seem to accept. A bulk of the positions was covered for a profit and that the right choice was made AT THE RIGHT TIME. In addition, a small intraday long was also taken for nice profit. Also, the short position still remains opened at $38.80 average. This is the funniest thing I've heard in all my years of trading. Short gloating makes markets go up. According to Rubberbird, I should have said nothing and the market will have continued to sour. LOL! And this coming from a guy who says the S&P topped and will go down next week.
?? short gloating makes markets go up? how many drugs did YOU have to take to come up with this? you are psycho! you scare me, bye.
According to Rubberbird, I was to sit here and watch the position erode against me and not take profit if I didn't gloat. LOL! Gloating, according to rubberturd, is the result of why the market went up. LOL! I am laughing so hard here. You are one illogical scary person.