Stock Market

[Silverback]

Isn't silver taking a shit as well? lols. It doesn't sound like your odds Denny are any better than mine...

There's a difference between playing the market and buying commodities for long term holding.

[347Mike]

There's a difference between playing the market and buying commodities for long term holding.

I was referring to right now. I just thought it was ironic giving the current market conditions and how silver is shitting equally as much.

[Silverback]

I guess I don't see a 111% percent increase in a year, and a 9.7% increase in a month "shitting equally as much".

But then again, I put my money in a 401K and let it do it's thing, I don't have time to keep too much track of what's going down in either market

[slow99]

What were you guys laughing at about TYP? I know nothing about it but but I do know it finished almost at 14% today.

Because TYP isn't a company, it's an ETF.

[347Mike]

Because TYP isn't a company, it's an ETF.

I don't recall saying it was, but alrighty... lol

[slow99]

I don't recall saying it was, but alrighty... lol

A triple-levered, inverse ETF of the tech sector. If the tech sector is down 5% in a day, it will be up 15%. Don't hold it overnight though, they're meant strictly to be intraday instruments.

[347Mike]

A triple-levered, inverse ETF of the tech sector. If the tech sector is down 5% in a day, it will be up 15%. Don't hold it overnight though, they're meant strictly to be intraday instruments.

Look at that! I made a good call then, aye?

[slow99]

Look at that! I made a good call then, aye?

Ha, if you want to "bullet it up" and retroactively make calls I guess so!

Do you know what "short" means?

[347Mike]

Ha, if you want to "bullet it up" and retroactively make calls I guess so!

Do you know what "short" means?

Vaguely, yes. I know I am miss using it but for your average Joe I think everyone knows what I am referring to.

[slow99]

Vaguely, yes. I know I am miss using it but for your average Joe I think everyone knows what I am referring to.

I'm not being as ass...it's just the 3rd or 4th time I've seen you say that when it didn't really make sense. If you had shorted that TYP at 19, you'd have lost your ass!

[347Mike]

I'm not being as ass...it's just the 3rd or 4th time I've seen you say that when it didn't really make sense. If you had shorted that TYP at 19, you'd have lost your ass!

I get what you and Al were laughing at now.. LOL.. So what would be the PC term to use in such a case...

[slow99]

I get what you and Al were laughing at now.. LOL.. So what would be the PC term to use in such a case...

What are you trying to convey, I really don't know? "Shorting" a stock means you are betting it will go down. If you have a bearish thesis on a name, you short it. Ideally, it goes down and you make money.

If you mean you are owning it long for the short-term, it would just be a daytrade (intraday) or a swing trade (hold it 2 or 3 days).

[347Mike]

What are you trying to convey, I really don't know? "Shorting" a stock means you are betting it will go down. If you have a bearish thesis on a name, you short it. Ideally, it goes down and you make money.

If you mean you are owning it long for the short-term, it would just be a daytrade (intraday) or a swing trade (hold it 2 or 3 days).

Surely you know what I am trying to say.. lol I am not holding a position very long, ie 2 days.

I figured daytrade/intraday but it sounds weird. I daytraded that. It sounds more like I bought and sold it several times.

[slow99]

Surely you know what I am trying to say.. lol I am not holding a position very long, ie 2 days.

I figured daytrade/intraday but it sounds weird. I daytraded that. It sounds more like I bought and sold it several times.

I wasn't sure...shorting something means you are betting it will decline. Daytrade is intraday (think no net change in your position from one day's close to the next). Although technically, you're allowed to liquidate a trade and repurchase it intraday without it triggering a "daytrade".

I'd just say a "short-term holding" or a "trade".

[momo]

I invested in corn tortillas over flour for mid to long term but I wound up eating 25% today due to a margarine call.