I'm with the finger on the trigger to buy a large position on TBT. The next QE session seems to be priced in, but what if it is not and this POS keeps dropping? Fortune favors the brave, what a pity I'm a chicken. The best trade is the hardest trade! Like Warren Buffet says, you can't wait till you see the white of their eyes before you buy, then it's too late, he also uses another example about the sparrow and spring. Anyways, what to do...? I lost money 3 times this year for buying TBT too soon.
I'm still convinced being long TBT will be the deal of the DECADE.
See the article ref'd below. If FED holds these interest rates for years, TBT is dead. Sure it may have a few days that it gains a couple bucks, will then decay for months. This is not the time to buy it. =============================== Fed May Buy Bonds, Hold Rates Till 2015 to Avoid Recession, Goldman Says By Wes Goodman and Garfield Reynolds - Oct 11, 2010 7:45 PM CT