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Those lucky to get in SLV @26.11 on 1/28/11 now taking profits, as today show no carryover to 30+.AGQ has potential to 200 by EOY, but not in a straight line.Avoid the parabolic move by having SLV trading range (some call it a correction/pullback) 22-27.AGQ from 117 to 150 in less than 2 weeks - expecting more to 160-175 is a stretch!Would not be surprised for a 5-8 days SLV trade range.
I'm nibbling, but waiting for the downtrend to breakbefore aggressively buyinghttp://stockcharts.com/h-sc/ui?s=SIL:SLV&p=1&yr=0&mn=0&dy=20&id=p90266933036&a=222586383
gold miners show the 12 day uptrend holding.However, i've got only my 310 sh AGQ core position.Took profits in 80 AGQ shares bought in pre mkt.http://stockcharts.com/h-sc/ui?s=GDX&p=1&yr=0&mn=0&dy=20&id=p17165715365&a=157026948
i sold at 153, but this mid east stuff is driving the market now, i just didn't want to get greedy so took it off the table
Ya did alright. I would've sold a covered call as both as hedge and to squeeze the last few points out of the position, but that's just me. Good job!