Discussion in 'Trading' started by crgarcia, Aug 4, 2008.
DDM (2x Dow Jones)
Even if we are not exactly at the bottom, I think that we are close to it.
I still think 11k is on the way,
What price are you in at $59.??
Yep, 59 something.
The S&P was on 1250 back then.
Just sold before the close at: $62.62
Bought DDMs on margin at $59.26
About 11% profit with margin, not bad uh!
You should do well in the short run. After the election and once the recession is in full swing in 2009 i expect the market will revisit its lows and go still lower. Nevertheless, one should not underestimate the power of devalued money to prop up a market. In constant dollars, however, the overall US markets' performance should be truly pathetic in 2009. Possibly there will be one or two strong sectors. Perhaps financials and builders, having been the first sectors to be slammed will be the first to make a bottom. However it should be years before builders truly recover. If the US gets desperate enough, they could always goose the economy in nominal terms by starting yet another war and borrowing heavily to pay for it.
what was your original risk?
Still more profits on DDMs:
Aug 7 buy just before the close $61.37
Aug 8 (today) sold at $63.64
About 7% profits including margin.
What a profitable week!
Why would anyone be skeptical of a post like this?
Could it be that there was no mention of the buy until after the trade closed?
Real time is posting in real time. You know like when it actually happens. Thats a pretty simple concept.
Where you sitting now? Long, short or on the sidelines.
could it be that its 2 freaking years old?
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