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Need a Hand?
Your Next Project Starts with Brownstoner
Lech, kidding aside, you should do the 3 nibble approach – ie buy 3 times to build up your position. get a position. when it goes up further and you think it might out of gas, get another position. then hold off the last nibble for when it goes down.
I am not prepared to short gold. I think it is in the final blow off stage and very unpredictable here.
The day will come, though. Waiting for signals that the fear trade is over.
Right now, fear is still in evidence everywhere in the financial markets.
L, here’s a coupla articles on double short funds…
http://seekingalpha.com/article/35789-the-case-against-leveraged-etfs
http://www.xinshiji.org/2008/11/beware-of-double-short-and-double-long.html
They’re in the prospectuses too…
Yes, gem, and no one under 25 knows how to use, or when not to use, an apostrophe.
Gem- I love sharing them but these days it means turning the hearing aid way way up and practically standing over them. Still, sometimes I can hear them. My mother was one of those small, gentle people who always got overlooked, as my father was very charismatic. Still, she was the mainstay. We always fed them bread and one of our neighbors used to take in the wounded ones and nurse them.
Whoops. I thought that word was “formless”. Is “forumlas a word?
Yes, Gemini. I think it’s partly due to an over reliance on spellchecker programs, which doesn’t pick up misused words.
Yes or a cupcake! – haaaaaaaaaa!!!!
g10, I was in some place last week and saw a spelling error on TV… don;t recall what it was…