I know there's a trophy or plaque for the best trader on the TZA message board so here we go
been holding 500 shares of DUST since some *hole (dk) said the miners were toast back in Dec
just doubled down another 500 today at $51.27...GDX NUGT & DUST been in a tight range for weeks time to break one way or the other...who's the score keeper here?
All indications seem to confirm your comments that the SNP will go to 1550-1575 unless we get some unexpected news. Investors do not care about GDP, unemployment, or congress. I booked a loss last week on my shorts but not fatal from a tax perspective. It's early in the year. I am sitting in cash until we hit the high then will get short or if we pullback to 1475 or so, I would be long.
Shorting this market is like betting on when a drug addict is finally going to OD
You know they're sick & out of control but as long as they can beg borrow or steal to get the next candy fix...there's just no telling how long they can go
might get a pullback but too many want in when & if we get a pullback. Big $$ won't blow it up until they suck in Ned & Pearl retail inverstor and for the most part they're still in bonds no?
Maybe they won't come back but if interest rates make a move up they'll get crushed in the bond mkt