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  • James A. Kostohryz
    Bought some SDS and VXX right before close. Intraday reversal in context of OB market might trigger some profit taking in Asia and Europe.
    1/26/12
    Reply (25)
    • JCH57: Sounds like a clever move, James. Sometimes these things circle the globe a couple of times before playing out.
      1/26/12
    • BK0324: such bravery. I commend you.
      1/26/12
    • screamin187: I was doing the same thing, but at the open this morning. Bought EPV and DXD. Good luck.
      1/26/12
    • Brendan O'Boyle: Better hope for a below consensus GDP print. I think the odds are on your side.
      1/26/12
    • chgas: OB market-overnight banking market? What is the correlation? Thanks
      1/26/12
    • James A. Kostohryz: Overbought
      1/26/12
    • Stock Junky: Good call James! I have been legging into some short exposure too, as market hitting major overhead resistance here.
      1/26/12
    • The Last Boomer: I just sold my longs but did not muster the courage to go short
      1/26/12
    • JCH57: Oh oh - too many people being cautious here, can't be a top. Tops require everyone in and thinking it's going higher!
      1/27/12
    • tompa: success of this call depends on GDP reading. It is clear that this tape is overbought but if positive number comes out it will still go up
      1/27/12
    • ggggg: James, Why SDS and not SPXU ??
      1/27/12
    • Brendan O'Boyle: It's in at 2.7%, but futures unchanged. A good buy is when the dice don't fall right, but the trade still doesn't lose money.
      1/27/12
    • JCH57: Well, VXX is moving higher in pre-market, no matter what the futures are doing.
      1/27/12
    • Bob Peticolas: Interesting trade JK. If you don't mind sharing, what are your stops on those?
      1/29/12
    • James A. Kostohryz: I closed them out on Friday. They were mean to merely be a play on the immediate aftermath of the reversal on Thursday.
      1/29/12
    • lcd51: Interesting to see how shallow the dips are and how buyers come in at every downturn in the tape. Sentiment remains bullish?? Why?
      1/29/12
    • Kits388: I don't suppose it is time to start thinking about initiating another SDS/VXX trade? Cheers
      2/24/12
    • James A. Kostohryz: Kits: I'm not doing anything right now. I would need to see either some weakness or some evidence that resistance at 1371 will hold.
      2/24/12
    • EconStu: Commented to your tweet, miss interpretation as missed "commented on " !! Recovered from VXX HELL
      2/24/12
    • Kits388: Thanks, much appreciated.
      2/24/12
    • Kits388: Good call, res. at 1371 did not hold. I agree with last comment on "LTRO: Savior Or Distraction" article ...
      3/1/12
    • Kits388: "I am an absolute return investor. ... I simply have the money I started out with. No loss; no gain. And I do not regret it one bit." ...
      3/1/12
    • Kits388: I believe the storm clouds are building as well. Do you have a target you can share to consider an SDS trade. Thx!
      3/1/12
    • James A. Kostohryz: No target short entry at this point. No resistance. Now a matter of patiently observing.
      3/1/12
    • Kits388: Thx again, much appreciated.
      3/1/12