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Fifth Street Finance Corp. Message Board

  • I really like DXD ( two times the inverse (-2x) of the daily performance of the Dow Jones Industrial AverageSM). So far in one account, the DXD I bought on 7/29 are up 7% and those that I bought on yesterday are even, overall I am up 3.74%. In another account, the DXD I bought on 8/16 is up 1.73%. Normally you should never keep any of these short ETFs for more than three trading days but with all these uncertainties with the FED's bond tapering, I am holding all my DXD just for insurance until I know for sure which way the market will go. Right now, I am way in the GREEN and can therefore afford to just sit on it. I day trade EEV and TMV for quick bucks. The reason I like to short the DOW is because they have really suspicious TECH companies there, such as HPQ, not too long ago everybody said it was so GOOD, and I could not believe it because I believe it has nowhere to go but down. Well, it just dropped another 12% today and it messed up the DOW big time. Look at others: CVX and XOM all continued to tank; WMT, MCD, KO not doing that great. MSFT and INTC both suck. CAT will sink with China, some said best way to make a lot of money will be shorting it. DIS is one of the most shorted stock (believe or not). CSCO is a piece of junk (excuse me). IBM is overrated. In short, I just cannot see how in the world the DOW will not continue to go down to the Florida sink holes. Buy buy buy, if the DOW goes up 100 points or more on any single day, I will keep adding DXD. Now of course, my timing is never PERFECT. But I trust myself.

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