MCRUMLEY THE WINNER!!! GRATS!!! - First Ever Quarterly Contest! - Page 8

Was under 5.00 ok

I just noticed this....thanks!

haha! 5th... im catchin up biatches

Close DRYS Short position.

I believe I'll get Monday's opening, which I'll quote.

Go back and read the rules again. Sorry, I mean this in a nice way and I'm not trying to be rude. I'm just very direct.

Not bad I'm moving up the ranks on each contest . Last 5 or so on the Dec contest, low 10s on the Jan contest, #9 on the quarterly contest. #1 Here I come!

Well, the bad news is that my ATPG has plummeted 16% and put me in the red for the contest.

The good news is I sold it in real life at 19.88 and now I'm ready to reload at 14.50 and ride it back up

Sorry, Skwerl, it looks like that dad gum Shelby has take over your spot...them California girls

Opps.. I'll admit I'm bad at reading directions.

Kuberr...absolutely brilliant shorting TNA


TNA is Direxion's 3X Bull of the Russel 2000 small cap index. This index and the Nas are leading the markets down. While the other indexes have dropped, consolidated, then dropped, the small caps have dropped steady.

I've been watching TZA, the Bear 3x. It is a good one.

I've been going through the winning picks here...


dcinmd took EDZ, 3X short of Emerging Markets, up a whopping 30%, buyin is only 6.17. Everywhere the big talk is about financial, tech and commodities being down, but FAZ is up 17%, EDZ up 30%. I'll be watching this for an entry. When I play these 3X etfs, I put a couple of etfs that track the same index right above them on my watchlist to help with finding entry/exit points.

Some interesting ways to play a downturn coming out in this contest

Happy Belated Jaz!

wow - I am last.
but it is enough time for a comeback

OMG Ace, please don't post a new matrix while these markets are down... I don't know if I can bare to see it - especially with only 3 traders up

what you are seeing now is a temporary market correction, remember the final closing date is April 16, 2010. Like i have said in other threads feb was set up for serious market corrections from jan high. I remember when I selected my long picks, I just randomly blurted them right out for RBS and IRE but at the same time i was also trying to time for end of correction. I said it its a difficult contest to play cos the day when Ace set it out the day when corrections began and end date is the time i expect to be end of correction. If my timing is right, the market should bulge out between march and april as noted for end of correction. And I should be able to barely breakeven out with my two bank picks. Aside from the bank picks, AMZN was the only one I was absolutely convinced that should be pulled back from high, no way can the stock keep on pricing in for 30x PE forward earnings. Not when unemployment soared to over 10% and AAPL/EBAY stealing its market shares

That is if there wont be any more sovereign risks to be revealed by then , definitely didnt see this crisis with Europe coming but this correction in feb did not surprise me at all

i wanna see the shorts .. post it

shorts are red in first column