I just added to my FAS Jan 2021 Calls which is the leveraged version of XLF. Financials will rebound hard when the market begins to recover, and the Fed will not let the banks fail. It's a longer term play (6mo to 1 year), but it will pay off. I played this in 2009 off the March lows and made an absolute killing. Patience is the key, especially if you're buying Jan 2021 calls, which Greg suggests.
That does cause a problem, indeed. You could sell those calls and buy the Jan 2021 ones as the price is depressed also right now. It's a sideways trade.
How many more times can Trump ring the Pavlovian "trade hopes" bell for the drooling thirsty market and get away w/it anyways? I really can't believe it's lasted this long. Don't say much for this nation's collective intelligence; or maybe we're just too addicted as a populace to Disney fantasy now.
People are not buying. It's the FED buying after those meaning less news. FED needs a reason to pump the market. If market was going up for no reason, people will be suspicious. Now they think market went up because of Trump's china deal. For example you !
Hey asshole I'm quiet aware of the Fed's printing & QEI pumping. Never the less the market does react to the Trump Pump. No need to insult me I'm a stacker who's cashed out & bought REAL assets.
Wtf wad I guess you can't 2 entire sentences. For you to just deny presidential pumping shows how ignorant you are. Don't you belong in the chatroom w/all your annoying lame shit talk?
Anyone still holding XLF?
I just added to my FAS Jan 2021 Calls which is the leveraged version of XLF. Financials will rebound hard when the market begins to recover, and the Fed will not let the banks fail. It's a longer term play (6mo to 1 year), but it will pay off. I played this in 2009 off the March lows and made an absolute killing. Patience is the key, especially if you're buying Jan 2021 calls, which Greg suggests.
I only bought XLF 3 months out.. I did buy GE calls for Jan tho hope that's pays off
That does cause a problem, indeed. You could sell those calls and buy the Jan 2021 ones as the price is depressed also right now. It's a sideways trade.
I guess I'll have to sell and eat the loss all part of the business thanks for your insight.
I dumped it off. It really cut into my returns. I got like a 65% gain on Apple but a 45% loss on XLF.
Carl - I dumped that trash at $22.06 - would advise Selling and staying away until at least 2021. Good Luck, Brother.
Boom System says its a sell.
Thankyou for the fees back.
Thank you for update I've been holding the WMT Jan 21 Calls, going to wait and see how earnings play out next week.
Thank you Gregg!!!
Inter-Alpha Banking group. Search the phrase do the reading and become more enlightened and terrified, and ANGERED!
How many more times can Trump ring the Pavlovian "trade hopes" bell for the drooling thirsty market and get away w/it anyways? I really can't believe it's lasted this long. Don't say much for this nation's collective intelligence; or maybe we're just too addicted as a populace to Disney fantasy now.
People are not buying. It's the FED buying after those meaning less news. FED needs a reason to pump the market. If market was going up for no reason, people will be suspicious. Now they think market went up because of Trump's china deal. For example you !
Hey asshole I'm quiet aware of the Fed's printing & QEI pumping. Never the less the market does react to the Trump Pump. No need to insult me I'm a stacker who's cashed out & bought REAL assets.
Yeah so smart. That's why you think it's Trump pump. lol
Wtf wad I guess you can't 2 entire sentences. For you to just deny presidential pumping shows how ignorant you are. Don't you belong in the chatroom w/all your annoying lame shit talk?
Look at your language -
"asshole", "shit", "wtf", "wad" , "lame" ))
Fuck off cunt-you like that better?!