we will be below $3 shortly but $1.8 is a stretch. i am short utilizing srs until we hit the $2.25 to 2.50 range at which i will sell srs and buy ure. i wouldn't be long ure towards the end of June though because we will probably have a major sell-off in July based on our deteriorating economy. the worst may not be over!!!
trade the emotion. the financial secondary offerings will be old news next week. market was overbought even though many stocks are undervalued. Obama's plan is overly optimistic as well as his GDP #, unemployment #, and revenus forecasts. however the market realizes this. URE may end up below 3.00 this week but at the same time could move back up to 4.20. spread out the buys and build the position.