Tuesday, December 7, 2010

Buying Long Bonds

Funny how 'buying the dip' only applies to stocks and never to bonds. So, in honor of the equity boyz and girlz, I am taking a page out their book and buying the dip here on the long bond. I am doing so via the TLT's here at $93.80. The potential double bottom here doesn't hurt either. I am keeping an eye on the prior low made Nov.15 as the exit.


In the back of my mind I wonder if saner heads (re: adults in the room... if there are any left that is!) might just realize that our dollar and treasury market are more worth protecting than our equity markets. Given the choice. 

Just a thought.


Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Long 1 unit Powershares Gold Dbl Short ticker DZZ @ $8.38 stop @ $7.84 
Long 1 unit Barclays 20yr Treas Bond ticker TLT @ $93.90 stop @ $93.39


1 comment:

Anonymous said...

Amen to that!
http://www.zerohedge.com/article/rosenberg-why-fighting-fed-real-terms-has-been-very-successful