Dow Chemical Co. (DOW)

All Comments on DOW

  • commenter
    MarkGillCPA
    Jul 16 04:27 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Your financial short and commodity long postions have worked well this year. I hope you've taken some profits. The financials are way oversold, over-shorted and already discount a lot of bad news. Both USB and WFC just announced earnings reports that were not as bad as feared. I went long the UYG (Proshares Ultra Financials) this morning. And while I realize there's a lot of short covering going on today, the financials could move another 20% up without breaking their 50-day moving average, which equals a 40% move for the UYG. Reply
  • commenter
    EricPeterson
    Jul 16 04:08 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    "Disclosure: Long SKF, SDS, DBO, GLD, GOLDX, SZK and DAG."

    Well then ... I guess this was one of the worst days of your life in the market.
    Reply
  • commenter
    Ames
    Tiedeman
    Jul 16 04:06 PM
    My Website
    Why I'm Committed to the UltraShort Financials ETF [view article]
    The page has turned. The WFC news this morning is a game changer. Reply
  • commenter
    jcrash
    Jul 16 04:05 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Solution, why is that bad? That is the definition of a free market. Reply
  • commenter
    Solution
    Jul 16 03:48 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    What if the BRIC countries or Arabian starts to buy the financial companies if the price is driving too low ? US will be in deep trouble. Reply
  • commenter
    E F Nuttin
    Jul 16 03:39 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    After it lost 20% today, now would probably be a better time to commit to this ETF! I wrote a 150 and 165 call for this last week and kinda glad to see it back to those levels, so I can do it again for August. Huge premiums on this Call. Reply
  • commenter
    vmonter
    Jul 16 03:00 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Financial shorts are played out imho (based on nothing) and I've my eye on the DB double short commodity fund.

    However, playing markets is a lot less fun and more stressful than simply going long on solid companies at good prices.     Reply
  • commenter
    jcrash
    Jul 16 02:24 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Jimmy, you don't need Financials to hit their 52 week highs. You just need them not to go lower.

    If you think you are gonna get ANOTHER 60% haircut on top of the one you already got, you are mistaken.     Reply
  • commenter
    thoroughbred
    Jul 16 02:08 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    I bought and have traded SKF very successfully for the last 4-6 weeks, I originally bought at just under $100, continued buying in $5 increments to $125 and started selling at $160 in $5 increments, sold my last 100 on Thursday at $178 and when news came out about Fannie / Freddie on Sunday I was glad to have been out, expected a big rally, none happened and than it hit $223...but with 15-20 point spreads each day, what a wonderful trading stock in my IRA. I gotta say though, I saw $150 as a top, did not expect $200 Reply
  • commenter
    monday1929
    Jul 16 01:59 PM
    My Website
    Why I'm Committed to the UltraShort Financials ETF [view article]
    I'm as bearish as they come, but trading is trading, not having a "commitment" to a position. And listing the fundamental reasons now, as opposed to one year ago, why BAC will go down just sounds like a poor trading mindset. Markets do not trade on logic and they never conform to your internal "timeline".
    And it is a positive feedback loop(with negative consequences) which is occuring.     Reply
  • commenter
    Umm, yeah
    Jul 16 01:47 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    @seriously

    Certainly there's a lot of fear feeding more fear, but it's also wrong to say there aren't some serious systemic problems feeding the fear.     Reply
  • commenter
    seriously ?
    Jul 16 01:31 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Dear Jimmy,

    This is a trader driven event. It is not a systemic event.
    Agreed, but if this is the case why do you keep talking about BAC's fundamentals as if they really matter here ? SKF is clearly in a speculative "bull" phase. May be a good short term play, but how much lower can BAC and company go ?

    We all know the entire herd can't feed at this trough, especially as it is herd...err.....trader driven ... right ?

     Reply
  • commenter
    Jimmy
    Lathrop
    Jul 16 01:21 PM
    My Website
    Why I'm Committed to the UltraShort Financials ETF [view article]
    The SEC's prohibition on naked short selling on certain financial institution has led to a rush to cover these positions before the rule takes effect on Friday. The index is reflecting the buying of actual shares needed to cover the short sells. This will continue up through Friday. As the stocks of those prohibited firms rise from increased buying, the index will reflect gains which have an inverse effect on the ETF. This is a trader driven event. It is not a systemic event. My fellow commuters were not whistling "Who's Afraid of the Big Bad Wolf" on the way to work this morning.

    However, while I was reading the Wall Street Journal this morning, I did not see any announcements by any financial institution which suggests an immediate turnaround. On the contrary, things are as bleak as they were yesterday.

    If anyone has any ideas how the financial sector will be able to rebound to its previous 52 week heights in the next 52 weeks, feel free to post them. I'm sure some bankers would like to hear them too, as they have their own mortgage payments to worry about.     Reply
  • commenter
    DaveW
    Jul 16 12:44 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Perhaps a wiser move would have been to sell at least half of your position on the deeply parabolic move up past $200 yesterday. Then buy more shares now at $178, or better yet, wait longer and buy cheaper. The market is ripe for a rally, SKF could go much lower before another rise... Reply
  • commenter
    User 112687
    Jul 16 12:37 PM
    Why I'm Committed to the UltraShort Financials ETF [view article]
    Dear, continue in your commitment and don't fear the markets. SKF is up for more rallies for at least 3 more months before it flattens. If you want to bet double long, Q209 is your best bet. By then, I am sure you will switch and prove CLH wrong. Only thing is, by the time financials start recovering, the economy will be screaming for help. That's another story I guess...

    Reply

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