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Direxion Daily Small Cap Bear 3X ETF Message Board

  • nautibm nautibm Jul 31, 2010 1:02 AM Flag

    You gotta love these gaps at the open

    It makes no difference if GDP misses or Fedex and UPS give sparkling guidance, if it gaps up or down, you simply buy the contra move. Do any remember the old days, when few knew how to short, and there were no short funds or ETFs. If it gapped up, you were kicking yourself for not buying the day before. Now, you hope for a gap, the bigger the better. If you can ride the open up or down, you win. But if you are holding cash at the open, you wait for the top or bottom, then you load up for the return flight, and you still win. The remainder of the day typically trades in a tight range, but flippers can still find a profit, but not comparable to these repeating opening moves. May next week be as volatile and may we all capitalize proudly!

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