Seeking Alpha
  • jdub2788
    Bought SQQQ here 10.64, I just can't help myself. 500shrs against my longs.
    3/26/12
    Reply (10)
    • bdubya13: i bought SPXU....had to
      3/26/12
    • shaker33: Hedging is so 2011.
      3/26/12
    • Josh Krause: Glutton for punishment. Should just wait for the market to reach 1417 (Fibo point) or 1425 (Called for short term top).
      3/26/12
    • westcoastinvests: CTL's well on their way to 13 straight weekly gain, basically 15 straight if not for not tiny down week months ago now,pretty amazing stuff.
      3/26/12
    • jdub2788: i am betting on a down week eventually. it just can't keep this up. can it?
      3/26/12
    • westcoastinvests: Id have thought the same thing about 4 weeks now I don't even really know what to believe, there are simply no sellers.
      3/26/12
    • Josh Krause: It can. It defininitely can. Look at 2003, 2004, 2005, 2006, 2009, 2010, even 2011 if you take out the earthquake.
      3/26/12
    • Josh Krause: Why sell? There is no near term catalyst to justify selling. Mid April might be a good time with FOMC, Q1 GDP and Sell in May in play.
      3/26/12
    • Brian Benda: Agree 100%, KK.
      3/26/12
    • Josh Krause: Maybe we will get a dip tomorrow that should be buyable. If not they are going to power us up 1425 by the end of the week.
      3/26/12