locogmac > Trade Notes

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Member since: Sep 06

Bought 100 shares of SSO at 26.20

Users Bought (30 Days) 6 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 1.67B
52-Week High 38.11
52-Week Low 14.16
10 Day Volume 28.77M
P/E 0.00
EPS (Trailing 12 Mos.) 0.0
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought
Symbol: SSO
Quantity: Not Shared
Price: $26.20
Value: $Not Shared.
Stop Order: No @ $N/A
Target Price: $93.50
Looking for a quick trade here, going Ultra style for twice leverage. Paying attention to the symmetrical triangle that DavidDT blogged about. Today's SPY close puts us back within the triangle, so... but the tails definitely extended beyond the lower bound of the triangle. Looking to exit tomorrow on any sort of strength (around 93-94).
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Posted by locogmac on 10/23/08 at 10:37 AM

Tag It | 1 user tagged it: SSO, stock, buy

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corbinb2

Member since: Nov 07

5 Day -15.11%
15 Day 0.25%
1 Month -25.00%
3 Month -66.22%
6 Month -94.26%
1 Year -85.13%
As of: 11/21/09
How is this calculated?
Trades 214
Trade Notes 217
Blog Posts 86
Business Owner
Age: 40's
AZ UNITED STATES
corbinb2
Am I missing something here or does it seem unlikely it will jump from $26 to $93 in one day? Something you know that we don't?....lol

I'm guessing the target price you mention refers to something else?
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locogmac

Member since: Sep 06

Trades Not Shared
Trade Notes 33
Blog Posts 21
Student
Age: 20's
Washington UNITED STATES
locogmac
Yeah :P Sorry, I should clarify- I'd like to exit around that 93-94 range on the SPY (which the SSO is basically tracking x2).
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corbinb2

Member since: Nov 07

5 Day -15.11%
15 Day 0.25%
1 Month -25.00%
3 Month -66.22%
6 Month -94.26%
1 Year -85.13%
As of: 11/21/09
How is this calculated?
Trades 214
Trade Notes 217
Blog Posts 86
Business Owner
Age: 40's
AZ UNITED STATES
corbinb2
Well that makes sense....lol