L&g 2xl Fts100 Discussion Threads

[court_out] 11/8/2010 17:20

Where next??? i guess it's back to Gold

[mkras357] 10/8/2010 10:14

Can anyone think of a reason why there is a one pound spread on this today?

Also, almost entirely buys here today - anyone expecting a surprise to the upside, perhaps?

[court_out] 05/8/2010 11:23

i make it that the FTSE is up about 13% from its 4,790 low from 1st July.10 and LUK2 is now up around 25%

So, where next???

FTSE 5,500 would make it around 15% gain on the index from the 1st July.10 low of 4,790 and 5,800 would be a 21% gain on the index.

[buffett100bln] 04/8/2010 17:37

LUK2 isn't, no. SUK2 is, yes, at least it is with IG. Very nasty margins though, obviously.

[thetatrader] 24/7/2010 20:12

"It gains at twice the rate the FTSE100 does, give or take a small tracking error."
=============================================================================
Is it supposed to track the Points Movement OR Percentage Movement?
{Anwser = Percentage}

Why would any one trade this naked (un-hedged)?
Serious question that is.

Is it tradable with any of the Spread Bet Companies?
SUK2 is but I can't see LUK2, maybe they don't want you arb'ing the two?

TIA

[buffett100bln] 14/7/2010 08:44

Traders have aggressively bid stocks up over the past two weeks and there is pure excitement in the air on CNBC this morning that more companies will beat estimates over the coming weeks.

Two weeks ago people were worried about bear markets and technical indicators such as the "death cross," but now those worries are all gone and people are now worried about missing out on more stock market gains instead of losing money.

Personally I have turned bearish on the market for the rest of the year and believe that this rally will be a good time to lighten up on positions and to go short if you want to make money, but a lot of people are skeptical of these views.

I know that is hard for most people to do. They associate the stock market going up with making money and want to be a part of that. That's why rallies in bear markets just suck everyone in and people have such trouble using them to sell - especially when everyone on TV gets excited. It's just too hard for the average investor to go against what people on TV tell them to do and think. And as for people managing money they simply cannot afford to miss out.

But chasing news is not how you make money in the stock market. Traders buy the rumor and sell the news. Suckers see the news out, see a stock up 4%, and buy based on emotion - usually from the very traders who bought ahead of them or from smart money cashing out. News is used to sell the stock market to the average investor.

[buffett100bln] 13/7/2010 23:28

I know, every day we're getting closer.

The collapse will come without warning, it won't happen nice and slow bit by bit for shorters to play with on the way down. It will be savage.

I am in suk2 already, probably too early but there you go.
Better too early than too late.

The rally from FTSE 4800 has put on 10% in 7 sessions. Amazing. 5500 coming right up then suk2 holders will start to reap.

I just don't trust any of it andf of course there's no way of knowing if the FTSE will get that far up before dropping.

[ygary] 13/7/2010 19:10

Remember Buff 80 we own it. Its going down man just short it!!!!!!

[ygary] 11/7/2010 20:12

YOYOY rogger thaat ..

[yoyoy] 11/7/2010 08:52

spelling lesson.

learnt is a word in itself and doesn't need an apostrophe. Otherwise its lear not.

Discipline.

why doesn't advfn require at least an O level in maths and english.

:-)

[shavian] 11/7/2010 08:06

Buffet: What's the big deal on 26 July?

[buffett100bln] 09/7/2010 21:22

lol. Gotta stick to the game plan ygary! Bulls still in charge and will remain so until 26th July at the latest IMO.

[ygary] 09/7/2010 20:14

Todays lesson learn't DISSPLINE DISSPLINE DISSPLINE !!!!!

[buffett100bln] 09/7/2010 12:04

Done.

Just thought I would post the following on here for when the market rout really starts - which i believe will start again from around Monday 26th July onwards, which means getting short into ETFs by the preceding Friday 23rd July.

I have posted it on the SUK2 thread too:

For those interested in SUK2 - this might be of interest too. It is three times inverse leveraged to the top 1000 companies in the US. Buying this come 22nd/23rd july will reap massive results between then and late October IMO.



This is the opposite/inverse investment product to the Direxion Large Cap Bull 3X - Triple-Leveraged ETF (BGU).

The latter will be worth buying come end of October IMO.

Both can be bought into your ISA if you have informed your broker you would like to buy NYSE listed stocks.

PS My ISA is with selftrade I can hold and do often hold SUK2 in there. Strange how different providers have different rules.

More on trip leveraged ETFs in the states:



"Less capital goes further, more bangs for your buck, so to speak. However, it's critical to ALWAYS keep in mind that this kind of leverage, or any leverage for that matter, is a two edged sword. You can lose just as fast as you can win when trading these volatile products".

Direxion Daily Financial Bear 3x ETF (NYSE:FAZ), Direxion Daily Small Cap Bear 3x ETF (NYSE:TZA) and Direxion Daily Real Estate 3x ETF (NYSE:DRV) should continue to prosper as we move forward into the late late into the end of October. IMO dyor. etc etc.

[court_out] 09/7/2010 11:37

BUFFET100BLN

Can you insert the FTSE.100 chart in the header. Therefore, people will get a visual understanding of the leveraged LUK2 / FTSE.100 relationship.


Can you also put the ETF securities Welcome page into the header for reference to LUK2 / SUK2 etc.

[abc125] 09/7/2010 10:00

I bailed out of my luk2 yesterday unfortunately. If we get a 1 or 2 day pullback, i will be back in. spx is at the critical level of 1070......will it go through on the first attempt?

[ygary] 08/7/2010 20:50

Watching that 80+ then i will SHORT SHORT loading the boat Ausome !!! when she blows i will be shorting this to the stone age yeah its coming people LOL !!!

[mister md] 08/7/2010 08:50

BUFFETT your predictions seem to be getting far more accurate since you stopped writing in capitals...

[buffett100bln] 06/7/2010 10:19

I have bought this this morning at 114.35 and plan to sell it in the week predeing July 26th.

[yoyoy] 04/7/2010 20:44

Here's the fact sheet - no mention of dividend.

It is designed to lever x 2 the index and not the total return.

It could be the "dividends" are accumulated into the underlying index but I doubt it.

[ygary] 04/7/2010 14:49

Looks like a test of previous support 1200 which will fail enjoy the ride until then.

[buffett100bln] 02/7/2010 09:00

er...not sure. It should!