Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 5 4:00 PM EST

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To: zzpat who wrote (98442)	11/13/2017 2:20:45 PM
From: codfish23	5 Recommendations Recommended By GoodGord GROUND ZERO™ Investor Clouseau Mevis Vendit™ Read Replies (1) of 218464

Your question is reasonable, I believe, and it in itself is part of the reason I chose to rotate some of the profits I made in the TQQQ (and that I recently harvested from TNA shares) back into TNA. I'm looking from a pure contrarian point of view, looking at the technicals of the index, and extrapolating what tax reform may mean to smaller cap stocks. To me, I see enough reason to increase my position in TNA, and buy my first few contracts of the R2K futures. I bought another contract this AM on the pullback, as well as multiple ES and NQ contracts, half of which I've already sold. Prior to my recent buys of TNA, my cost basis was 31 according to my brokerage. I love buying when no one wants something. I bought thousands of shares of SOXL in 2009 at a split-adjusted price of $6 I've been selling a few hundred at a time since 2014, but still have some left. I'm employing the same strategy with TNA now, buying when out of favor.

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