How Big will the Bear be?

makloda · Jul 1, 2008

Quote from S2007S:
Im long UYG and will add more, my next buy in for my long term account is below $19.00 a share.
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That was fast wasn't it? Time to double down

Aaron Copland · Jul 1, 2008

Quote from 1flyfisher:

Are you obsessed with the guy or something?
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Obsessed is putting lightly.

freewilly · Jul 1, 2008

"Kodiak Grizzly or a wimpy panda?"

Change panda to Koloa. If you call wimpy panda, you certainly haven't seen new movie "Kongfu Panda" yet

turdlehead · Jul 1, 2008

Quote from S2007S:

Not taking the loss in UYG, will not, I have been trading these proshares for nearly 2 years now, everytime I have held these and averaged down I have come out about 75% of time making money. I own UYG in my trading account and Im now averaged in between 24-25, im not worried, If I was I would have sold it weeks ago. I will add more, I look at it like this, the bull market is not coming back until the financials turn around, so as long as they keep holding down the financials will be in a bear market. The quicker the financials turn around the quicker the bull runs, until then the market isnt going anywhere.
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Unfortunately, reading is not a requirement to become one of the Elites. If it was there would be no bickering. This persona(S2007S) is not a trader.

Cutten · Jul 1, 2008

Wouldn't surprise me to see 1000ish on the S&P.

S2007S · Jul 17, 2008

Quote from Landis82:

I don't think he really trades.

His positions are so convoluted none of them make any sense. Short Oil ETF's, Short the U.S. stockmarket, Long financials (UYG). Just doesn't make any sense. Moreover, he never uses any stops. Ever notice that? He never closes out a losing position.

He always averages down into oblivion.
Buys the UYG at $29, then says he buys it again below $19.
Same with the DUG at $37, then $26, etc. Calls everything that goes dramatically against him a "bubble".No stops, no money management rules, nadda.

Seems like "paper-trading" to me.
Either that, or he works for ET making one "cut and paste" post after another in order to create web-activity for Baron.

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Averaging paid off big time in DUG....

SOLD DUG TODAY in only one of my accounts at $36, after buying in and out of it and averaging out it was worth the wait, still holding a position in my IRA .

Sold DTO as well at $26.50

I hope oil rallies back to 140+ so I can add these positions once again.

DUG buy $32-34

DTO buy under $23.00

Landis82 · Jul 17, 2008

Quote from turdlehead:

Unfortunately, reading is not a requirement to become one of the Elites. If it was there would be no bickering. This persona(S2007S) is not a trader.
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Agreed.