Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 15,033
- Reactions
- 13,414
I've never shorted before but having an etf do it for me is certainly attractive. This is a 3 year monthly chart. From what @mullokintyre hints I believe he may be in it.
A 6.86% gain on Friday is not to be sneezed at for BBUS. I certainly won't be buying any traditional stocks.
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gg
and markets aren't even open. !!It's mad out there.
just remember you are holding a 'hot potato ' be ready to exit quickly ( or as i did when in sufficient profit , the first time)I've never shorted before but having an etf do it for me is certainly attractive. This is a 3 year monthly chart. From what @mullokintyre hints I believe he may be in it.
A 6.86% gain on Friday is not to be sneezed at for BBUS. I certainly won't be buying any traditional stocks.
View attachment 196937
gg
the time to buy this was around the recent record highs ,( but hind-sight always makes the strategy look easy ) a little too early is not so bad if you buy in manageable parcels ( you can add more cheaper ) , but then i really love selling into rallies ( rather after the top has peaked )I've reached the same opinion. It's too late to buy the inverse ETFs now. Should have been done last week and even earlier. (Onya MIck).
I can't find any individual stocks to buy as the downside risks are unknown. If would be different if I was a long term investor but I'm not.
Like Sean I've bought BBOZ and BBUS a few times and have lost each time too. Buying too late is certainly a fault.
Yes, It's mad out there.
Note: It would be much easier to trade these inverse ETFs if they were available 23/5. IE. tradable most of the day. Then we could take advantage of the changing market sentiment overnight Aussie time.
plan to offload the BBUS if I can 6.40BBUS hit a 52 week low today.
It is m signal to buy in.
US market grossly overvalued IMHO, so untold riches here I come.
mick
US futures opened down 4% this morningplan to offload the BBUS if I can 6.40
probably won't get untold riches as hoped for, but it will be a decent profit.
Like others have said, I got caught out last time holding too long.
Mick
plan to offload the BBUS if I can 6.40
probably won't get untold riches as hoped for, but it will be a decent profit.
Like others have said, I got caught out last time holding too long.
Mick
Bought my BBUS back agaim, its down 15% on my sell price.Got 6.50 on the open.
Happy with that .
Mick
Paid 4.82.Yea, big drop today.
Bought them back again.
Still think the US market is more likely to go down than up.
Mick
joined you a bit later so at 4.96 but heyPaid 4.82.
Mick
Below is a zn X post that correlates with my own thinking, and why I bought back in.
Mick
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