Update on ‘People Trading BIDU Also Traded…’
Apropos of my earlier comments on China
ProShares just announced a new ETF that targets double the inverse of the FXI. The UltraShort FTSE/Xinhua China 25 (ticker FXP) is slated to launch sometime in November – and should provide a wild ride for anyone tall enough and brave enough to get on this roller coaster.
Given that BIDU is trading up some 14 points as I type this, I have updated the optionsXpress Trading Patterns feature (“People Trading BIDU Also Traded…”) which I first posted about a month ago. Many of the names are the same; this also has the appearance of a who’s who of speculative momentum trading.
Finally, I am officially neutral going into tomorrow’s FOMC announcement, but whichever side you are playing, be sure to fasten your seatbelt and cut your losses before they run away from you.
4 comments:
playing it moderately short.
Finger on the trigger...any idea what time the announcement comes out?
Frankie
FOMC announcements are 2:15 ET
china up 600%..still has another 1400% to go before there's a bubble
get real, quit reading greeenspan
zee
There is just tooo much money to be made today,, to let it go unnoticed,,in the pm this morning
i would not be far off if i picked a number like 5k,,,just in premarket!!??
happy trading
Post a Comment