I sold all short ETF this morning and hold 80% cash. The UK will probably emerge stronger separated from the EU. Looking at a few UK stocks .
Bigbear, ETN is a suggestion at some point. I think I will wait until there earnings are diminished unless we have a big crash first. I don't discount the possibility of a crash at any moment.
It's all a matter of time. Hard to believe growth will rise big from record highs, but it might happen. I dumped all shorts at 10am when the party pooped.
Also BP and RDSB later on. The vote suprised the hell out of me. Most people bluster about government but are afraid to challenge it.
I today relieved a letter from Fidelity saying starting 2017 they would file a Form 990 on over $1000 UBTI and pay any excise tax due from your account. They have dodged that responsibility up to this point. Best stay away from other than a day trade in a troubled MLP in a IRA to avoid a big shot of Reduction Of Debt income as some LINE traders experienced this year.
Today I bought back a TZA Call to take profit and started SJB Junk Bond Short again . If leave wins and premarket is HUGE my TZA will be gone early. PM always seem to overact early and often gives a good tO sell. if market continues to tank I will buy back all my Covered Calls and have a HUGE Pacifico draft.
Constantly blowing out other people's candle does not make you look any brighter. That goes for everyone. Someone whose comfortable with there success does not need to constantly brag.
I do remember selling a stock from a previous employer for the first time in 1989. I mailed the Certificate to Fidelity then called a broker to give a sell order at a limit price. It took two weeks to sell, brokers called me 2-3 times trying to get me to lower my price. It finally sold at my limit and the fee was between $30-$40. That was the good old days before the Internet . Today stock trading is a bargain. People who constantly bicker and attack each other over every word seem to exhibit some emotional disorder.
If the market opens up "HUGE" in the morning I will sell a little bit or sell a Call since my cash position is so "HUGE". Tomorrow will be HUGE unless of course it isn't .
A WSJ article entitled " Things You Know You Don't Know About BREXIT" put me in this frame of mind :)
Bigbear, I used 55% because Fidelity will not allow a order under 50% of PPS. As I remember in the last big flash crash some lowball orders that filled were reversed by the exchange . So indeed the greedy might miss the boat. I have multiple bids at various levels on some.
J1,I do ignore all posts that hold no value, which is most all of yours. You and slick seem to enjoy the vile and venom , you should sent emails to each other and free up board.
The builders sales rep that did the paperwork was a beautiful young lady named Mrs.Wong. Besides being pretty she was also friendly and charming. I usually balk and "circle the wagons" on anything over 1% down. But with Mrs.Wong I was thrilled to pay $10k down.:) I told her she was ideally suited for separating a old dart from his money:)