Big Rydex Buy
#1
Posted 16 February 2007 - 09:43 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 16 February 2007 - 09:49 AM
Be Sure to Perform Your Own Due Diligence
#3
Posted 16 February 2007 - 09:53 AM
Edited by spielchekr, 16 February 2007 - 09:55 AM.
#4
Posted 16 February 2007 - 09:56 AM
Shift OTC Dynamic Bull
$150,022,617
This all came out of the Money Market fund and it had been there for a while. Somebody has waited a while to go 2X long the Naz.
$150 million ! how often do you see moves like that, I guess that must be a rare event ?
#5
Posted 16 February 2007 - 10:10 AM
Mark: I know you track Rydex activity. However, I have been wondering what the impact of new competitors i.e. ProShares, ProFunds etc. has had on the Rydex number implications. Have you performed any type of study or have any any insights? MDW
The ETF's are playing havoc with the Rydex numbers. One needs to take sales with a grain of salt. Buys, however, mean a lot more. Bigger Buys of non-Dynamic funds are especially telling now.
There's an ongoing exodus from Rydex and that's a major aberration factor. I'd love to find good ways to similarly track the flows in and out of Bull and Bear ETF's.
Mark
Mark S Young
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#6
Posted 16 February 2007 - 10:21 AM
$150 million ! how often do you see moves like that, I guess that must be a rare event ?Shift OTC Dynamic Bull
$150,022,617
This all came out of the Money Market fund and it had been there for a while. Somebody has waited a while to go 2X long the Naz.
It's not common, but it happens often enough. Usually at turns, though that's NOT a lock. Take a look at the RSO. Big shifts usually entail a big buys.
Mark S Young
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#7
Posted 16 February 2007 - 11:04 AM
Mark: I know you track Rydex activity. However, I have been wondering what the impact of new competitors i.e. ProShares, ProFunds etc. has had on the Rydex number implications. Have you performed any type of study or have any any insights? MDW
I concur with spielchekr. Zen has been tracking him for a good while, and has recently started posting Flipper's moves. This is a new position according to Zen. I don't know how Zen sees the size of individual positions. Perhaps Mark you could provide a link to where you saw the $150m trade.
http://zentrader13.blogspot.com/
pedro
#8
Posted 16 February 2007 - 11:13 AM
Mark S Young
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#9
Posted 16 February 2007 - 12:28 PM
#10
Posted 16 February 2007 - 01:43 PM
Mark S Young
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