FL_Geezer

Total Rating:
+1 / 0

16 Comments

    • Sat Nov 15th 15:54 PM | Rating: +1 0
      Commented on:
      UltraShort ETFs: At a Tipping Point?
      RY,
      Agree with you - - - the Ultra ETF's can be traded successfully over the short term - - - the E-Zone System is pretty accurate for this.

      I have had very good results using it on SDS.
      With market volatility where it is, and the VIX so high, these trading oppy's should continue for a while.

      Good fortune to you.


      On Nov 15 12:44 PM R Y wrote:

      > The Ultra ETFs aren't meant to track a multiple of the index over
      > long periods. The prospectus is clear that it tracks only a multiple
      > of short-term ranges (a policy of replicating the day's price action,
      > but the above comment about it doing reasonably well for periods
      > under a week jives with my experience).
      >
      > I'd recommend reading up on the analysis done by other SA posters
      > on the structure of the ETFs - good to know before putting money
      > into them. I still find them valuable for trading.
      View article »
    • Thu Nov 13th 22:09 PM | Rating: 0 0
      Commented on:
      More Uncertainty? Try Ultra ETFs
      Thanks, Old Trader.
      As a further reply to Sachin,This is from Pro-Shares site:

      <<< Investors in any ETF, including ProShares, should be aware of potential differences between daily net asset value (NAV) and closing price. ProShares NAVs are calculated using prices as of 4:00 PM Eastern Time, when equity markets close. Some ETFs calculate NAVs earlier in the day based on the time their benchmark prices are set (Fixed-Income ProShares NAVs are set at 3:00 PM when the bond market closes). Through October 7, 2008, ProShares traded until 4:15 PM ET, when the equity futures markets close. Beginning Wednesday, October 8, 2008, trading in ProShares ETFs on the NYSE Alternext U.S. (formerly the American Stock Exchange or Amex) will close at 4 p.m. ET rather than 4:15 p.m. ET (see separate announcement).

      The closing price of any ProShares ETF, which is the recorded price of the last trade, can occur before or sometimes after the NAV calculation, and may be different from the NAV.

      Investors should note that each ProShares ETF is designed to track the 4:00 P.M. value of the index underlying its benchmark. >>>




      On Nov 13 10:03 PM old trader wrote:

      > sachin,
      >
      > The bottom line is "slippage". Both SPY and SDS have many "moving
      > parts", and they're not the same "moving parts'. Same is true of
      > other Ultra ETFs (DIG and DUG, for example). The inverse correlation
      > is pretty close, but not perfect.The same holds true on just one
      > side of the trade, over a span of time, because the Ultras basically
      > start at "0" each day, so if you track the S&amp;P, and it drops
      > "x" over a 3 month span, SDS would NOT be up "2x" over the same period,
      > but hey, they still make a decent hedge, or allow for some nice profits
      > ;-)
      View article »
    • Thu Nov 13th 11:49 AM | Rating: 0 0
      Commented on:
      More Uncertainty? Try Ultra ETFs
      David, you comment is appreciated, and even tho it may have been made "tongue in cheek", there is a certain bit of truth in it.

      However, no one has the perfect crystal ball.
      All of us are playing the odds, and you are correct, they do favor the short end.

      That being said, in addition to the contras, there are always stocks that rise on days that the Dow and/or S & P fall - - - and visa versa. It is those moments when investors can take dollars off the table - - - and should do so, depending on their time horizon (age).

      Some of us do not have the luxury of time in which to recover, especially if we are dependent on dividends and interest payments. That is why this geezer switched strategy to trading the contras. Even after tax consequences, the resulting income is greater than what the market currently provides in divvys and those safe munis.

      Best wishes, Fritz H.

      On Nov 13 10:17 AM David Lentz wrote:

      > But if the markets do not like uncertainty, then they should be pretty
      > pleased, as it seems certain that we are all going to hell in a handbasket,
      > with equities continuing lower and lower. Seems perfectly predictable
      > to me. The (short) markets should be ecstatic.
      >
      > :-)
      View article »
    • Mon Sep 8th 23:14 PM | Rating: 0 0
      Commented on:
      Royalty Trusts: Maintaining Income in a Volatile Market
      Richandmer;
      dividend.com/dividend-...
      View article »
    • Wed Aug 13th 20:22 PM | Rating: 0 0
      Commented on:
      Was That a Bottom? Let's Get Real
      jjason,
      sorry you felt that link from Yahoo was misleading - - - as an author, I have no control over what Yahoo chooses to do - - - and I don't think SeekingAlpha can control those links either.

      The subject of the paragraph mentioning PWE was "Income-producing stocks" - - - and the lead symbol was PWE, which might have been a hint as to how we rate it.

      It is our principle not to tout stocks which we hold for clients or for our own accounts. We did not believe just mentioning PWE as a lead to the paragraph was touting. The main point of that paragraph was to present some ideas for producing income in all this turbulence.

      Sorry you felt mislead.
      View article »
    • Mon Aug 4th 15:22 PM | Rating: 0 0
      Commented on:
      Was That a Bottom? Let's Get Real
      Sorry for those typos:
      Last bullet should read:
       Inflation (based on CPI) hit 5.02% in June. Looking back 10 years, the previous high was 4.69% in Sept, 2005. We might want to read these numbers cum grano salis, keeping in mind they are prepared by the very same government that has a vested interest in keeping it low - - - there is a direct and immediate impact on CPI-based payouts and the budget deficit.

      and
      last paragraph should read:
      We do not foresee any change in the downward trend or in volatility until sometime in the 1st or 2nd quarter of 2009.
      View article »
    • Sun Jul 13th 21:45 PM | Rating: 0 0
      Commented on:
      Can the Dow and S&P Last 15 Rounds?
      For GeoRealist:

      Most of these canroys are hedged, some better than others.
      I do think that HTE and PWE hedges are some of the best, and this will protect their divvys.

      Just MVHO
      View article »
    • Sat Jun 21st 11:24 AM | Rating: 0 0
      Commented on:
      Double Bottom Forming or Just a Pit Stop on the Way Down?
      Re market's direction: rather accurate predictions, similar to the bearish ones above, were posted by Fritz Hottinger some months ago.
      Most interesting is his notion that a world currency would remove all speculation in the dollar that is now driving world inflation.

      (See his postings here for the website and list).
      View article »
    • Sat Jun 14th 22:17 PM | Rating: 0 0
      Commented on:
      U.S. Dollar vs. the Law of Gravity
      Euarte - - - can't say Congressman/women are dumb - - - they know how to work the system - - - look how long they have been able to retain their seats at the table with:
      promises to their constituents, to be paid for from the Federal Treasury
      (read: print more paper dollars)

      tap the special interest groups for re-election funds;

      pay-off the special interest groups with legislation favors, crop price supports, tariffs on competition, etc, etc.

      It is us voters who are dumb - - - we keep sending them back to DC.

      Maybe if there were a general housecleaning, with new faces, we would see an improvement. However, can't believe the CHANGE Obama is promising is what we are seeking - - - his promised CHANGE scares me because it will turn the country socialistic.
      View article »
    • Sat Jun 7th 11:29 AM | Rating: 0 0
      Commented on:
      Preparing for the Fall
      Fritz Hottinger began issuing market warnings back in 2007. suggested moving to cash, and using SDS as an anchor to windward.
      You can read his alerts here:
      hottingersignals.com/e...
      View article »
    • Thu Jun 5th 15:53 PM | Rating: 0 0
      Commented on:
      Getting Frantic? A New 3 Act Play for Current Economic Times
      Galewhitaker - - you asked, "where is my lobby?"
      Many years ago (showing my age here) Common Cause was started by John Gardner, to be a lobby for the 'common man" = those of us without a voice, other than our congressman.

      This soon was taken over by special interest groups, like the environmentalists, and others seeing a way to push socialist agendas.

      Near as I can tell the closest thing to a lobby for us "commoners" is the Libertarian Party - - - but since 3rd parties have a way of diluting strength, not building it (see what Ross Perot brought us)
      I have to stand with John McCain, hoping he is more a patriot than a politician, and that the change he will bring will be common sense into the halls of Congress.

      Capt Bob - - - love you name for Barack :-) He is truly a 1st class example of the ultimate politician (as opposed to patriot - - see above). But I can garden and still, will, vote.
      View article »
    • Thu Jun 5th 10:52 AM | Rating: 0 0
      Commented on:
      Getting Frantic? A New 3 Act Play for Current Economic Times
      Thank you, guys (and gals?) - - - Some very astute and lucid comments here. Last 3 messages carry an important message, i.e.,
      we voters must take back control of the institution that is controlling us.

      There has been a message widely distributed on the email circuit about the 545 elected officials in DC, whom we put there - - - so we voters need to stop complaining and change the roster.

      Hate to get into politics, but that is what got us into this mess, and is our best hope of getting us out. Hope everyone will do their part, and vote in Nov.
      View article »
    • Wed Jun 4th 21:04 PM | Rating: 0 0
      Commented on:
      Getting Frantic? A New 3 Act Play for Current Economic Times
      I agree with you, Dink - - - maybe the reason those sheiks don't want our dollars is because their hands get dirty due to the fact that the ink is not yet dry.
      View article »
    • Thu May 29th 20:36 PM | Rating: 0 0
      Commented on:
      Dose of Market Reality: Take Defensive Measures
      Gordon, so you suppose those TAF's (Treasury Auction Facility) might also launch an opposite TAF action (Taxpayers Against Fraud) ?

      In any event, the banks may use this Fed largesse to shore up their balance sheets, but that alone cannot sustain the economy - - - the consumer is hurting, and any market "windowdressing&q... will have very short life. (just MVHO)
      View article »
    • Thu May 29th 10:38 AM | Rating: 0 0
      Commented on:
      Dose of Market Reality: Take Defensive Measures
      On target and succinct - - thank you.
      View article »
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