Replies to post #179 on ProShares UltraShort Financials ETF (SKF)

[BradL45]

Insane is correct. I was in to light for this bump in SKF, a bit late to chase now(maybe some inter-day options tomorrow), but I don't think in this cycle it will go to $200(I have $200 calls). We usually have plenty of small moves to prep for a larger one.

I've been drawing some graphs with energy, and past trends, I'm lightly buying DIG, I think we can see $21's short term(I'm going to trade, not hold them), and even lower in the coming months. I will park some UYG and DIG in the Roth's, I do think they both will be multi-baggers in the longer term, and will scale into them on a good trend. If we can get $5's in UYG, 12+ bagger(my WAG) in 6 years, up to 8% holding in a Roth will ROCK. Volume in UYG was lighter today, not to bullish.

Slide came late in the day, I wouldn't be surprised to see a gap down. With enough slide in the AM, we might see a rally(I'd love to see it develop into a squeeze), but it will probably come on Fri, it's a coin toss now, and is very news driven. Gov bailout news won't do much anymore, market will have to find it's own flow now.

Prepping now to ride a trend.

[Mt. Blanc]

Excellent but I hope it goes lower.

;-)