ProShares UltraShort Financials ETF (SKF)

[BradL45]

I'm in the middle of a nice play in DXO, I think it will be a good multiple bagger stock.

[NorCal]

Yeah. I have been eying UCO for a while. It looks like a good place to go hide while Obama is stepping in.

[BradL45]

Your plan ROCKS

Oil might get hot again as well

[NorCal]

No. I pretty much went all in at 101.00.
I see this thing topping out at 150.00 but I promised myself to be out by Friday no matter what.
I don't want to give it all back on a possible euphoric run with Obama coming in to save us all. lol

[BradL45]

Wait for it, market psychology. Peeps panic, AND always take profit on the way up.

35% move this past week, so a retrace wouldn't shock me. The market always surges like a scared mob.

DID you buy the dip?

GL

[NorCal]

What just happened to our run up? I walke away up 5.00 and now we are back to even.

[BradL45]

Big gap up this AM in pre-market trading, hit as high as mid $137's, NICE. Trading is really thin pre-market, so not much profit taking.

Lots of downgrades today, and the Banks NEED more help, SKF is the place to be, it's had a nice move in the last few trading days.

Will it outrun SRS today, maybe.

:)

[BradL45]

For C and SKF, it was good news!!!

:)

[NorCal]

We can thank C for that last minute pop. They released some bad news and induced a sell off. I'll take it!!
This was a great week.

[BradL45]

Didn't hit $120, but SOOOoooo close.

Slide next week for the market in General? We wait and see.

:)

[BradL45]

Next to NO shares sold under $100, Bugger.

:)

[thesource]

Where do you guys see this one trading at this week ?

[BradL45]

I'm a sucker for SKF @ $100, Lets rock

:)

[BradL45]

This next cycle, shares will be available for less than $100, $80's maybe, Watching.

UYG over the $6 hump

[NorCal]

A friend turned me on to this stock a couple of weeks ago. I love it. Tomorrow looks pretty good after the failed bailout.
GLTA!!!!!

[BradL45]

Sells filled above $134, some at the ask.

Some peeps are buying here AH, SWEET

[BradL45]

Nice day, and nice accelerated move in the last hour. AH is trading in the $133's, I'm selling 10% here if there is enough action, it's pretty thin, then I'll see if we dip, or gap up in the AM. SKF almost up 30% in 3 days, I'm smiling.

Friday's are good for huge market swings, we'll have to see market sentiment with or without Auto news.

SKF(TWM and many 3x ETF's on fire) is IN play, AGAIN.

:)

[BradL45]

$120, I'm smiling

[BradL45]

SKF is still MARCHING today. News will enhance or KILL this play.

My shares are green with a full option spread :)

[MWM]

Loaded SKF yesterday and today! Giddy Up!

[BradL45]

SKF nearing the $100 mark. Lets see if this AM's rally will hold. AS the DOW nears 9000, and with some bailout news for the bloated 3 comes out, it could get the market into a frenzy, it could go either way.

I'm profit taking on most of my stocks except some Oil.

:)

[wallstreetpro]

ZERO!!!!!!!!!!. There are no good stocks out there!. Only stocks that
make money!!. For now SKF is in a down trend. If you are long this,
Consider getting out or shorting until the trend starts turning to the
upside again. Trading on your anticipation is a very expensive game.!
The market is so simple that people fail to see what is going on.
Trade what you see and not what you think.!! Because what you think
does not matter in this business. The market is not a Scientific program where people press button and things change. It a masses of people who try's to profit at the expense of other traders. TRADE WHAT U SEE NOT WHAT YOU THINK!!

[FiremanDave]

Agreed.

[BradL45]

I've been feeding on SKF as well.

On the boob tube, maybe some locked rate financing under 5% for home owners in trouble, we'll see how fast this wears off.

I'm looking for some good green days before the bear starts to growl loudly. I'm ready for a move in either direction, and I'm slightly stacked in the bullish direction.

Last year the market was in turmoil, and it rallied hard, but died before years end, maybe more of the same this year.

I'm only sitting on a 10-20%(trading some shares interday) load of SKF, and I'll buy more as the price drops. Automaker drama still isn't in full swing, I'm lurking on the issue,lol.

I think SKF will rise again, it's a good ATM.

:)

[FiremanDave]

Bought some SKF today at 138$ will average down if needed. Have to see how it goes financials are varying minute to minute lately but it is a decent entry point IMO.

[BradL45]

The full court PRESS is ON!!!!!!!!!!!!

All sectors to boot, get diversified in the short game :)

(Make sure to trade it though, longs will suffer)

[BradL45]

Before the last huge bump up to $300, I started buying SKF ~$130, this next round I'm planning some other weighted ETF's: BGZ, TZA, ERY, and FAZ. I'm not to happy so far in my market orders tests, I still can't move the shares volume I like with a small $$ spread. My options, I bought a starter in SKF and TWM today, and will buy dips with up to 20% of the last round of SKF Profit. SKF is 3rd on my ATM list this year, lets see if one more run will happen this year(I'd love to see GM buckle).

IMO we might still see a bear rally, so if need ne, I can scale out of the bear ETF's and plant more in the Bull ones. We have to love being in the middle of a play.

Oil weak today and maybe a precursor of things to come. I still don't think I'll hold out for selling any SKF shares above $300, that was a freakish day. I'll set some sells in the mid-$250 though. Another couple up days in the DJIA could set up another big play here in the coming weeks.

I'd like to see if my shares in the banks can become long term positions, as well as some tech(weak today) and Oil. I'm all smiles in SOL and STP.

[mlkrborn]

SKF down from $300 to $145 over short period of time.

[BradL45]

Any company that gets taxpayers rescue funds needs to somehow fit into an acceptable box.

Salaries and bonus pay is going to be reset right along with pps of lots of companies, and I do think the BOD will remember this last 18 months for a long time, BUT they will get out of whack again, and the market will reset yet again.

Greed drives all, and I too am shocked at the size of some of the Golden parachutes that we saw, it goes to show the huge wealth some companies have, and we see waste in the wake.

"1 percent of the employees receive 95% of the bonus", huge incentive to climb the corporate ladder, it 's how we tick(slightly shameful).

GS, I trade it, and I'm building a core, BUT GS fate is yet unknown.

Big bonus pay this year in C and GS would not be good(even though many salaries are almost like a base pay, and tips(loose term), you can't just remove them).

The Auto makers CEO's, they are loose cannons, and very brash, let them fold along with the UAW, no bailout for them would make me smile, they had their time in the sun, and they failed, I hope all that made the big $$ saved and invested wisely.

[EquityTrader]

You do realize last year (2007) Goldman Sach's "BONUS POOL" was $17 BILLION DOLLARS....and just 1 month ago they received $10 BILLION from the initial government bailout (and, they are due for another $10 Billion).

You really think these guys should be rewarded as much as they are? They all knew the market was going to crap only a neophyte would think that the housing market back in 2007 was still going to go upwards. Goldman and CITI knew better and still set itself up for failure...they all continued to give themselves bonuses and they severly underestimated the impact to their bottom line.

Nov. 20, 2007 http://www.guardian.co.uk/business/2007/nov/20/citigroup.goldmansachs
When it parted company with its chief executive, Charles Prince, two weeks ago, Citigroup put its exposure to the credit-related woes at between $8bn and $11bn.

I'm sure CITI's bonus was a few billion last year...and as tradition states, 1 percent of the employees receive 95% of the bonus.

[BradL45]

Auto's and CEO's

I agree, more volatility is still in store, and the Automakers demise will almost sink the boat. The huge peaks ROCK.

CEO's, I laughed when you compared the auto's CEO's to mid level guys, you hit the nail on the head. Jet pool, lol.

CEO's, they are under the microscope, and public perception and market psychology are providing the scrutiny. It they get Taxpayer funds, they need to fit into a bracket to help the public over time to re-gain some semblance of trust.

Most upper end CEO's are top of the food chain, and I have no problem with what they were able to negotiate $$ wise, hats off to some of them, they asked for top $$, and got it. In the short term, some big $$ guys are going to take a haircut.

Lots of options activity today, pending move?? Party time on the way.

Rape profit

[FiremanDave]

Agreed. "Bloodiest day that will make grown men cry" LOL. Funny everytime this market has one of those I Thank God that the only way my future pension defaults is if the State of florida goes under heh heh. Sounds like some good strategy. UYG down from last night and futures RED hopefully my short funds will payoff today.

[EquityTrader]

I am sure we'll see a few more 500 point drops still. Especially with oil creeping up :)

Contemplating what will happen to the overall market when the AUTO CEOs come back to Congress and say what they got to say...of course, they'll have their crap together and will make concessions and Congress will go for it. But, what effect will it have on the market?

I also wonder what would have happend if the Banking CEOs would have been asked if they came down in private jets...I'm sure their answer would have been the same. Those guys make Auto CEOs look like low level managers.

Personally, I'd be in favor of CEOs making no more than defined percentage based on market cap and revenue. I.e. a company with $10 Billion in Revenue and $20 Billion Market Cap - CEO (if not a founder) could be capped at $15 Million/year. Obviously a downward scale as market cap and revenue move up.

IMO CEOs should be paid somewhere in this range.

$1-$50 Million Market Cap - $2 Million Cap
$50-$100 Million Market Cap - $3 Million Cap
$100-$250 Million Market Cap - $5 Million Cap
$250-$500 Million Market Cap - $7.5 Million Cap
$500-$1 Billion Market Cap - $10 Million Cap
$1-$10 Billion Market Cap - $15 Million Cap
$10+ Billion Market Cap - $25 Million Cap

Sure, give them a little stock too...but, total compensation should be based on performance....not given a golden parachute before they step foot in the HQ.

[BradL45]

I'm still waiting for the 1000 point move up before I'll get in heavy in the 3x short ETF's, I'm in about 20% of a full load(some downside protection in the Roth's). Market was stuck in the mud today, but I had many 2-4%'ers, and traded to more free shares in some homebuilders too.

I have some shares with huge gaps in price, so I can sell shares and skim funds on large move in either direction, so I'd like to see the big swings continue. I don't think we have seen the bloodest day just yet, that will even make grown men to cry.

Maybe a trend like the last week of 2007(which lead to 2 very nice bounces).

FAZ will make us more $$ in the near future, but oil will give us the home run.

GL

[FiremanDave]

SKF was trending up in afterhours as was my FAZ hopefully blood will run in the streets of the DOW Financials tommorrow heh heh. Gl Dave

[EquityTrader]

REALLY wish I would have done ERX on Thursday. The Triple Bull/ Triple Bear funds are going to be a BIG hit with day traders.

[BradL45]

SKF resetting, Oil, solar, DRYS, and the new 3x ETF's BGU, TNA, ERX, and FAS for as long as they move north, I've already started scaling out, we never know how long this rally will live.

SKF will raise AGAIN. :)

[OptionMonster]

Nice SmallCap!!>>>Got out @ $230 from $180>>>Had to lock the profits!

[BradL45]

$300 Baby!!!!!!!!!!!!!!!!!!!!!!!

Now it's cleared to hit $320, it will take a typical EOD sell-off to make it to $320, lets see what expiry will bring.

Is this the official SKF kick off of the recession season??

[BradL45]

I too watch SRS, but no play for me, plate is already full.

Not good news on the Homes in Caly.

SKF set another HOL(high of LIFE) @ $298.76, I still think $300 should be easy, but lots of selling near $300, it's a magical spot :)

FAS hit just over $12, I'm a buyer(and a seller at $14).

[VERITAS77]

Mentioned that about a month ago.
I think....on the NWO board.
gonna check. =)

[EquityTrader]

With 51% of the homes in Southern California sold last month as foreclosures... think there is any more leg left in SRS? I see some opportunity, but got out of it 2 weeks ago...sticking to my DIG and FXP... but SRS is fun to watch too.

[BradL45]

Very nice. $290 is SMOKIN

I have some DIG and ERX for Oil ETF's in the Roth's.

I also bought many Oil stocks yesterday(sold 40% today), and LOTS of options(not for Nov.)

FXP is funky, and SKF is not done for today(FAZ today for me though).

Rock on.

[EquityTrader]

Out at $290... WHAT A TRADE! FXP is getting wacked today...putting my profits into it and DIG.

[BradL45]

SKF BAMM!! $297, $300 is so close, maybe the next cycle, not much bouncing off of daily lows currently.

My play is in FAZ, up almost 20% and I traded to free shares, and will scale out with a move in either direction, no more buying from me.

I'm prepped for a market move in either direction, it would be sad if we trade flat, but the volatility looks good.

I don't think SKF has enough juice for $400, we will have a nice bounce well before we see $400.

Have a nice Friday, I'm SMILING.

[OptionMonster]

Almost $300 Brad..lol

[EquityTrader]

My short term is FXP, If OIL goes under $45 I'll pick up a boat load...just have a few toes in it right now. I'm sure SKF will continue to go up, but I think the big percentage gains are now in the past.

Too bad their wasn't an ultrashort automotive ETF :)

[BradL45]

Yep, let the auto's go away, they have been RAPING the US public for a long time, and it's caught up to them.

FXP, compared to the other ultashort ETF's, it's a couple of steps behind, mainly due to the Chinese bailout. I'm out of FXP, and I'm done with it. I'm more focused on Oil now, maybe we will see $42/barrel. I think Oil will turn first, then some small caps.

I'm using some ultra's in the Roth's(DIG, DUG, DXO(not yet), ERX, ERY), and many options in the Regular account's.

In the afternoon I skimmed another $30/share in SKF, but not a huge play.

I was expecting more bounce with some auto maker news, but it was short lived, and I closed some looser moves from yesterday. I'm a crazy man though, I bought some cheap WFC, FRO, and PBT, for a rainy day.

Great job with SKF, and I'd wager some cash you'll be smiling with FXP as well. Sounds like a good stack play, SKF to a depressed FXP. DO you play any of these in a Roth?

You Raped profit, so Rock on

[EquityTrader]

Kill the autos...they don't know how to run a business. Yes, I feel sorry for all the people who will lose jobs, but they've been overpaid for so long.

Remember this:
The German automaker then known as Daimler-Benz paid $37 billion for the U.S. automaker in 1998, but it soon found itself weighed down by uncompetitive labor costs and lost sales to nimbler Japanese rivals.

DaimlerChrysler (Charts) announced it will sell an 80 percent stake in its U.S. brand to Cerberus Capital Management, a private equity investment firm that will pay $7.4 billion.

So, Daimler lost $30 BILLION...more than what the autos are asking for. Let them fail...just like the airlines, there will be another Southwest who will come in and do business better (and for less).

Cashed out of SKF at the close (tripped my sell order)...made 100%!!! I'm going to buy FXP (UltraShort China) - which is low priced and can have a heck of a run from here.

http://pub18.bravenet.com/forum/1532764112
http://lockhartcapital.com/investorforumandinvestorchat.html - livechat for ETFs

[BradL45]

Union Bullies on da TV, save us

F*** the Union, bad management and business model from the auto makers, and the high union labor costs killed the US auto makers, let them fail, chap 7 style, the market will reset, and we continue.

Why didn't they offer up any pay cuts, pure bully playground stuff.

SKF almost to $260, wow, market in limbo, but we know what comes EOD. Are $240's cheap? $220 maybe.

UAW pound sand.

Word is maybe a compromise is in the works, this might turn the market in the short term. I'm ready for a bump.