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horsedentist
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horsedentist's Blog : I’m a Follower in the Market Nowadays and I Like the ETF TBT

Date November 9, 2010    Comments Comments (5)    Rate this post Recommend This Post (420)   
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I realized back in 2008 that I’m not good enough to dig and find my own good investments to own. Instead of shorting stocks back in the fall of 2008 I was hanging on and losing more and more each day. Nowadays I try to read what the experts think and react. The latest is QE2 and its relationship to the so called bond bubble. Some say the top of the bond market is here and maybe headed down after the QE2 announcement made last week. Now some at Zacks say that ETF TBT the ProShares UltraShort 20+ Year Treasury is the way to go. TBT tripled volume late last week and its price soared. I had bought into TBT a week earlier. Right after the QE2 announcement I watched to see what happened to TBT price, as it started moving up quickly and I doubled down. If you look at TBT charts you see the recent upswing. Now if QE2 means that the Bond bubble is over TBT or other similar ETF’s and stocks in general will be moving up. With double dip fears going away, interest rates rock bottom low how can you stay in bonds and not buy stocks? Well that is what the experts that I like to follow seem to be telling me.
Tags : TBT   ETFS   BONDS   STOCKS  

5 Comment(s):

Author uwpltre     Date November 9, 2010 18:33 Abuse this post Report Abuse
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The ultrashort ETFs are a losing trade for me. I wonder how well other members do trading them.
Author horsedentist     Date November 9, 2010 20:17 Abuse this post Report Abuse
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Ultrashorts are usually a bad trade for me also. This TBT was a Zacks recommendation a few weeks ago. I would not have known about it on my own. Like I wrote I "doubled down" late last week. I got greedy and picked up TMV on my own, it is a 3X similar to the TBT. I topped off all the greed by getting a Dec option on TMV. Today anyway it worked out great. Now the best news I read that TBT moved above its 200 day moving average, geedy up!
Author kirankudari     Date November 11, 2010 19:40 Abuse this post Report Abuse
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I follow Zacks advice precisely, I took around 2 weeks back TBT in options December contract (10 nos) as on now, It is making huge number even never imagine that( + 2500)
11th November Thursday market opened with good gap, even in gap brought another 10 contracts for November just for short term purpose. try this .It is working very well
Author horsedentist     Date November 12, 2010 08:06 Abuse this post Report Abuse
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Kirankudari, I like your style. Now this morning China is in the tank and Europe is acting, well like Europe. This could be when I lose my courage and fold for awhile. I took a pretty good beating when China said it wanted to cool its economy earlier this year. TBT held up yesterday lets hope it does it again today.
Author kirankudari     Date November 12, 2010 23:58  Edited: November 13, 2010 by kirankudari Abuse this post Report Abuse
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I told you on thursday, market was shaking but TBT was holding steady, just one day made +700, but if you want to do this make sure market is not going up then only buy TBT, otherwise people short this and make it to fall for whole day may be end of the day or after 2 days they cover it.If you are making +, make sure end of the day you are going to sell. Never try to go with over nitewith this.
reason TBT gives every day chance to entry and exit, make use of it.
This works only some days. you have to keep watching.
I brought and sold TBT at least 5 times last 10 days time,
Method was followed is buy 2 contracts thinking that price would be low, some reason if value goes down by 30 cents buy one more contracts and go on averaging with calculated way. even selling same way, sell 2 contracts each time with 20 cents difference
I want to tell you something here, when ever you know market is going to south, immdeiately buy SDS some contracts, which act against market and save you somthing. I lost today around 2300 but SDS was making around 500 so it saves you little bit, untill you see market is turning to be green don't sell SDS,
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