Replies to post #275 on Brocade Communications (BRCD)

[rightothesky]

Thanks for the tip, I will check it out. Without even looking I'm in agreement that the market is overbought right now and riding up off the fumes of the bailout and fed easing with China and now probably us amongst other things. Should be a nice play soon.

[rightothesky]

I like it alot actually, S&P 2 year high around 1400 and its currently 1355 and UVXY is just about at its 52 week low. I am going to wait to see what the Fed's say at 12:30 which should go in favor of easing and looking for thurday or friday I believe to buy in.

Thanks again!!

[Alex G]

FYI... UVXY is not a short of the S&P... it follows the volatility index... UVXY can go down at the same time SPX goes down, it's all about volatility futures
http://vixandmore.blogspot.com/2012/02/all-about-uvxy.html

SH is an inverse play on SPX, or SPXU is a 3 times inverse of SPX