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Tuesday, March 6, 2012

March 6, 2012 to be remembered as a Black Tuesday

I don’t know why the medias stress so much about the facts that in the US today, 10 States had voted for their Republican candidate. Who care about Republicans anyway? How can Americans vote for the Republican following the events of 2008? Republican is a party of shame. Back off Republicans! The best thing Americans can do to save their souls and the rest of the world at the same time is to vote massively for Barack Obama. There’s like no twenty options available.

My non-registered portfolio closed at a bit more than 119k. Tooo bad. I taught a solution had been found for Greece problems, but it seem like it’s not exactly the case. It’s so complicated!! However, I have faith things will get better. There’s way too much involved. There’re too many banker pigs involved. Lol. Pigs and bankers are definitively two things that just match like magic. Angela the German is like wearing all the weight of the Euro debt on her back basically... She’s so fascinating.

The market is really extra sensible to the Euro situation. Not too long ago, we had good jobs data coming from the US, things had improved a lot over there... but as soon as a bad news is being announced for Europe... watch out...

Those volatile times can be good for something I had experimented during the summer of 2011: day trading. Most of the time, when the stock market take a big hit like today, silver goes down. PHS.U, and other mining silver stocks react, most of the time, really negatively. Silver is sensible to what’s going on with the stock market.

Stuff like PHS.U and FR loss in value today, but as always, Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) reacts exactly the opposite way. And to tell you the true, the temptation is like way to high at this time for me to perform day trading on HZD. Greece won’t resolve all the problems overnight. We could be on a down market for a little while. The occasion is like way too much perfect to take advantage of the super high volatility of the market. Problem being, super high volatility = super high risk too. But the risk is calculated. Even without having Greece in the portrait, the stock market there’s always a lot of volatility we have to deal with. So my investment in HZD could always go up on a later date. And we’re not talking here about several thousands of dollars that I will be playing with, just a 1 000$, very big max. If I cannot sell at profit on the same day, I will be just holding, place an automatic sell order for X value per share... Fact is, I have all figured it out already!

Day traders, be ready for Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). On a day like today, on which the TSX lost more than 200 points, HZD gain like 6%... And knowing that all this is due to Greece... And Greece won’t resolve its debt problem by tomorrow... TEMPTATION, TEMPTATION OF DAY TRADING AGAIN IS LIKE RIGHT HERE! ohhhhhh noooooooooooo!

LOL :)

Yeah yeah! So we’ll see how it goes, but I have a fatal attraction for HZD at this time... It’s going to be fun, I promise.

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