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To: Real Man who wrote (383270)3/31/2009 12:00:19 PM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
5% of my account was all I was trading, rest in FDIC insured CDs at local banks. Finally closed out that trading account at Schwab at breakeven. Wasn't fun any more, and became quite clear market is opaque, corrupt, and controlled by those with inside info...better odds at the craps table in Vegas.



To: Real Man who wrote (383270)3/31/2009 4:32:32 PM
From: carranza2  Respond to of 436258
 
Am 65% in cash or Treasuries, 32% (plus or minus a smidgen) in various forms of gold, e.g., ETFs, GDX, couple of small miners, a tiny bit of some Canadian crude outfits, an even smaller bit of oilsands, a microtranche of a commodities ETF and a microscopic bit of DXO.

Every now and then, when I feel a wild hair, I'll sink a tiny bit of cash into FAS or FAZ for a very short period. Even GE or some other beat up POS. Mostly profitable, but I am skittish, i.e., clueless, now.

I did buy a bit more gold and GDX on recent weakness, but not much. I want to go hog-wild bananas on GDX but my instincts tell me to do so in small spurts and on weakness.

Sitting tight for the most part.

Got no trading ideas presently, though I think at the end of the day the banks will have to be temporarily nationalized and common shares will suffer. So FAZ and SKF will surely go sky high. But when is the true question. Who knows. A Saturday or Sunday for sure, but that is as close as I get. vbg