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QQQ closed yesterday at 16:15PM at a price +1.2% higher than its 16:00PM price.
NDX closes at 16:00PM
That's OK. 3:55PM ET is a good cutoff time for Rydex funds.
If you have an account in Rydex proper then you can also take advantage of a "mid-morning pricing" that happens at 10:45AM ET, and its cutoff time is 10:30AM ET. (In plain English: if you place the order before 10:30 you get a price that is calculated at 10:45)
Most of the brokers still do not offer this option. I opened an account with Rydex for testing this feature, and so far I cannot make money out of it. The 15 minutes between 10:30 and 10:45 is just too long to do any useful planning. (And usually the market does a sharp counter-trend at that time)
I get better results using the traditional cut-off time of 15:55 (Actually 16:00 for ETrade) to obtain the closing price.
Hope this helps.
OT OT OT
I was not around (U.S.A.) at that time, but she surely looked hot. (with those sad eyes...)
Here is a site with several photographs:
http://www.royhooper.com/room222.htm
There's a lot more pages if you do a search in google.com
Rydex Velocity RYVYX (200% NDX --> Bull)
Rydex Venture RYVNX (-200% NDX --> Bear)
Augieboo has a post circulating around with more alternatives in different fund families.
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Yeah, but that's home use. Where's the business use that they need 80gb HD's on every computer?
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You are right, I was thinking home.
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Besides, using a computer as a jukebox seems like a waste.
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I beg to differ. (putting a microprocessor in a microwave oven also seems like a waste...)
And forget CD's. The idea (of the new killer app) is to get rid of CD's.
And you would be amazed at the powerful, (and expesive) audio systems that some of my friends (actually their kids <g>) have connected to their PCs.
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Botton line is if there was any money in HD's why did IBM dump thier HD division at lost practically begging somebody to take it off their hands?
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I'm not arguing in favor of HD companies. (I would only buy them because nobody wants them. And only very paciently)
My point is that killer apps happen very rarely, (and shape an industry for several years to come) and I think that I nailed one early...
OT OT OT
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Now I'm a fairly heavy duty computer user, but it would be over kill for me. What does one do with a 80gb HD? I couldn't fill it up if I wanted to. How many people are going to want to video editing?
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Agreed about speed, I see no real need for faster computers at this moment.
But HD capacity is another thing: Many people are starting to use PC's as gigantic jukeboxes, and you need a lot of Gb to store your CD collection as MP3's. (especially if you want good quality)
CDRW are an alternative, of course, but it takes quite a bit of time to burn them, and they are cumbersome to use if you want to be an on-line music repository. (i.e. you are running winMX)
And don't forget porno clips (not that I have any...<g>) they take even more memory than MP3's.
I still cannot see the next "killer app" that will demand more speed, but the "killer app" that needs more storage is already here: replacing your audio system (and all its CD's) with a computer.
Shhhhh, I'm actually 15 people. (And that's even before my schizophrenia kicks in...)
BTW, I'm very happy to see the MDA board running strong again. It is now again part of my "required" browsing.
Thanx for the pointer.
I have read the Raptor Group several times in the past.
They are good.
(BTW the correct url is: www.raptorgroupresearch.com )
This board is populated with many heavy-weight minds, and usually the best way to learn is to be quiet and absorb everything.
While I admit that my earlier comment on 1296/27 and 1308 was bording the inane, and superfluous, I'm very happy that it generated a couple of very instructive posts as replies.
From them I rescue this little pearl that I add to my education: (Thank you, Ste)
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<Zeev:> "Mind you the day is young, and we are going to get a reaction from this run."
<Ste:> Correct, they had to do this to set HoD resistance above 1305 - 1308 support level. Otherwise it would have been a hefty obstacle for later in the day.
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Anyway, I promise to show more restrain with my comments in the future. :>
Nothing is safe.
Life is not safe.
that's why I posted "(safely?)" with a question mark.
Of course I could have waited 2 days to make the comment, but in that case I wouldn't have been the first.
Well, you have better data that I do. :>
I'll be waiting for the reaction, but I doubt it'll go under 1308...
Excellent job, and thanks again for sharing.
Now that we are (safely?) above 1308 let me be the first to say it:
You suck!!!!!!
Where is the 1296 that you promised?????
It only reached 1297 and bounced from there.
You are getting soft in your old age...
<ALL IN GOOD FUN!!!> (and awe) :>
Another excellent call for your record!!!
Great!
Thank you, Zeev :>
Thanx!
I was considering 14.60 -- 14.50 myself. But I'll probably buy in an (eventual) strong market bounce tomorrow, or Thursday. I also exited AAPL at over 16 so this discount looks sweet.
Zeev,
do you have any OB for AAPL?
(I know it's still early, but I'm starting to watch it fondly) :>
TIA
IN EDIT: I see that Zeev already answered. I left this post anyway because I think it elaborates a bit on the subject...
Sorry to butt in... (just trying to lighten Zeev's burden <g>)
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zeev, when you use term deployed, is that mean buy or short sell?
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Zeev never shorts.
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Also, you think market will came back by end of day?
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Zeev will have to answer that...
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I thought you said yesterday you have just donned on your bear suit?
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The bear suit is for medium/long term.
Zeev plays almost every day what he calls his "lunch tactics"
Basically he buys the "Q" (a selected group of high volatility stocks) at around 11:30AM (sometimes earlier, sometimes later)
and sells them an hour or so later hopefully after they have increased in price.
Having the bear suit on have influence in how much he expects to get from each movement, whether he stays with them overnight, etc.
I hope this helps...
Chief, you know my position already <g>
I just wanted to add that if you make the effort to be more legible you don't need to go to the other extreme either. (In fact, more than half of your more recent posts were quite legible)
I for one can live with an occasional "U" instead of "you", etc.
BTW: I really enjoyed your "65 minute hour" post, the history behind it, and all...
Look Ma': no hands!
Amazing, QQQ has been going up the last 1/2 hour with no volume whatsoever
It reminds me of the coyote before it realizes that the ground is no longer there...
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ya but but but.....Huluriasquias?...izat fir reel..lolol
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I see that you have run out of arguments. <g>
End of Discussion.
Fine, now I know that your (public) posts are directed to everybody but me.
(Pity, you used to be one of my "heroes")
You worry too much about storage --or transmission-- efficiency, but you miss the point about --human-- communication efficiency.
Redundancy is neccessary to be able to correct errors. (As you surely very well know)
There's a trade-off between compression, and redundancy.
If you compress too much you cannot correct errors as every message looks like a valid one. The English language has lots of built in redundancy, and that allows us to understand text even if it has lots of spelling errors. (Or has been mangled on purpose)
BTW, where is the efficiency gain between "morons" and "maroons"?
(I made "Huluriasquias" up a long time ago to be a tongue twister. You are not the only one that likes to have fun with words...)
Chief, you are missing the point.
Sure enough if I analyze each word you type independently I can make sense of your writing. (although oftentimes the semantics are missing <g>)
The problem is that yours is only one amongst the hundreds of posts that I read. I have no time to focus in each isolated word, but I take the whole phrase on the fly, and "recognize" it by the shape of the words.
You butcher the shape of the words.
In order to read your staff I have to slow down to 1/4 of my usual reading speed.
For this reason many times I just skip your posts. (when I recognize them early enough)
I choose to believe that you post in order to be read, and not only as just another excretory function. In that case it behooves you to be as clear as possible. (Unless you aim to muddle the waters on purpose...) <g>
Respectfully, (and only a little tongue in cheek)
Huluriasquias.
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i resemble that remark
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LOL. Excellent! Is it a line from the book?
I love it.
Patrick Bateman is the name of the main character of the book/movie "American Psycho" (A stock broker)
The movie has very funny parts, (the business card envy scene is priceless) although too much blood for my taste.
Thanx, Zeev.
My system (for Rydex) forecasts a high reliability "down hard" (let's say QQQ at least -4%) tomorrow, but it has been quite obfuscated of late <g>
Zeev, please see http://www.investorshub.com/boards/read_msg.asp?message_id=468719
I sent it to LG by mistake...
In EDIT: Sorry LG (lots of "sorry" today <g>) this message was intended for Zeev. I don't know how it got directed to you...
Sorry Zeev, I'm a bit confused.
Is your Naz 1308 (or 1304) call for the next 2 or 3 days still in play, or it has been superceded?
TIA.
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The difference between myself and yourself is that I quickly realize that I have made a genuine mistake and admit it
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Sorry if it sounds a bit agressive (no bad feelings involved) but the difference between you and Zeev is that Zeev has a many-years-long public record of great, and sometimes no-so-great, calls. A couple of his "run to the hills" calls saved many people a lot of money.
The market is an ever-changing beast. If you stay "true" to your last call you are likely to become breakfast.
I don't want Zeev to be 100% right (even if sometimes my money is on the line) but I want him to call it likes he sees it, and have the flexibility, (that I, and many others lack) and the moral honesty to change his views even if it means that his previous view was "wrong"
Zeev,
today I (happily) closed my first trade done on one of your "suggestions"
I had bought AAPL @ 15.02 some 3 weeks ago, and closed today (shortly after 11AM) @16.20. (I know that you exited AAPL a while ago, but I had to add "my" flavor to the trade <g>)
I plan to re-enter AAPL when (if) Naz gets close to 1308.
Thanx for the on-going education/guidance.
LG,
thank you for the (ongoing) education.
That's what I love of these boards.
(BTW, I used to be RedDog, or theRedDog, in another life. --Yes, the guy who started you in homestead.com-- I'm glad to see that you are --still<g>-- going strong!!!)
Wed night I wrote: ( http://www.investorshub.com/boards/read_msg.asp?message_id=459384 )
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For tomorrow I'm 30% invested in Velocity. (The rest in Cash, waiting for clearer signals) I know that of late a day like today is followed by a 50% (or more) retracement day, but I'm hoping that MaxPain is already satisfied, and we might continue squeezing some shorts.
(My perception is that this time a lot of people has been caught watching the train leaving the station. There's a small possibility that we see no significant retracements in the coming days. That would be very interesting...)
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Since then I kept "thinking like a criminal" (thanks LG) along these lines:
Assuming that this market wants to go higher
Q: What is this rally missing?
A: Volume (a.k.a. participation from the broader public)
Q: How can we get Mosis (thanks Zeev) to participate?
A: Well, in the old times we used to have these Friday big rallies to get people excited over the week-end and rush in on Monday.
Q: That's the old times. Will it work now?
A: It doesn't hurt to try.
So, I'm expecting a fairly nice rally today. I don't know if Mosis will respond on Monday, but I guess we'll see in due time...
Sorry, I just not share your values.
Investing is a zero-sum game. Just because you don't see the faces of the victims doesn't mean they don't exist.
And sorry to tell you. Cheating on taxes is not victimless either. The goverment spends the money anyway, so every dollar cheated is shouldered by other taxpayers.
Again, they are faceless, but not inexistant.
(I'm going to bed now, so I'll leave you the last word...)
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So you really want Martha in jail!?!
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Why not? Is she above the law?
And if she is why am I not?
Sorry I don't share your values.
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but he's much too valuable of a personality, like Martha Stewart, to be locked up in jail
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Wow! Is that the way you think?
I'm speechless.
Sorry, just stunned.
I cannot say anything coherent against that thought.
So I won't.
Sorry, very sorry. Sorry.
Sorry 4u.
mole,
I don't know of any spread in Rydex funds. (But every new day brings out a new thing <g>)
I have an account in Etrade, and a smaller one in Rydex proper.
I only trade Velocity (RYVYX) and Venture (RYVNX)
They both behave as mutual funds: you put the order before the cut-off time (15:55 in Rydex, 16:00 in ETrade) and the order is executed at the NAV of the close.
The good thing about this kind of funds is that they have no friction. (no commision, and no slippage)
The bad thing is that you are "trapped" for a whole day, and you cannot really place stops. (I mean: You can, but by the time they are executed --the end of the day-- the cattle has already left the barn)
I opened the Rydex account to check out the 10:30 cut-off time. I was not able to take any advantage of it. I tried to take 1/3 of the position off in case it was 1% or 2% in my favor, but I found out that oftentimes the market would enter a "counter-trend" in the lapse between 10:30 (the cut-off time) and 10:45 (the time the fund is priced) and I would lose all (or most) of the profit I was trying to secure.
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and at least, we'd like to hear more
about the ins and outs of rydex
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I wish I could...
You have to have a lot of self-confidence, and a seasoned system that you are sure it works.
And then you have to post every trade the moment you do it.
Comments like "I was 100% in Rydex Velocity today" are almost worthless in these boards, and I indulged in making it today only because Zeev kind of asked, and I was both happy, and relieved (both very "un-professional" emotions for sure) after a long period of pain and suffering.
I have the upmost respect for people that publish their trades as they make them, and what critics and ankle-biters don't understand is that it takes only to be right about 60% of the time to have a successful system.
And even that is a tough standard to reach.
I'm looking forward to the day I'm so sure of my system that I feel like publishing my trades.
Who am I to argue with the Master? <bg>
You shall have your retracement.
(Anyway, I'm 30% Velocity, 70% Cash, so it's almost gambling money. Besides the only significant value for the Rydex funds is the 4PM one. It takes a different mindset to think one whole day in advance. We might still have a "U" shaped day tomorrow, and be both happy)
Yeah, still an Ox. <g>
But after today the burden is much lighter. <vbg>
Today I was "caught" 100% invested in Rydex Velocity so I made up for a week or two of past suffering.
For tomorrow I'm 30% invested in Velocity. (The rest in Cash, waiting for clearer signals) I know that of late a day like today is followed by a 50% (or more) retracement day, but I'm hoping that MaxPain is already satisfied, and we might continue squeezing some shorts.
(My perception is that this time a lot of people has been caught watching the train leaving the station. There's a small possibility that we see no significant retracements in the coming days. That would be very interesting...)
I respectfully second jpar plead:
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Could you add your opinion to each post of fed actions.
Im so stupid I dont know if they add or repurchase if it means good or bad.
I have you bookmarked because I know your post are important, but I dont know how I should react with stock trades.
Thanks,
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In fact he took the thoughts right out of my noggin'. (that's scary in itself :> )
Maybe a translation into added or withdrawn liquidity will help Fed-illiterates like me.
I know that nothing about finance is an exact science, but I feel you are into significant information, and it's great to have an "expert" around.
Thanks.
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Horns still attached, but the burden is heavy (g).
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Yeah, we are not Bulls anymore. We are OXEN!
(Sharing your pain...) <g>
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Yes, I like that..."the ultra smart money"
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At this moment I feel like "The Too-Smart-For-My-Own-Good Money"
<g/ng>
Anyway, there's always a tomorrow... (and if not then it doesn't matter anymore)