... I know this is a trading arena and I'm as short-term a trader as anyone but some of these valuations are absolutely ridiculous so I have decided to put on some longer term positions. I will leg into these trades in 3 phases but would be very comfortable buying at these levels in one phase.
I am long the following. I have long term targets but if we get some sort of mega dead cat bounce rally of 20-30% in a quick fashion I may just take profit.... I'm still a trader at heart
USO from 24.55 target 47 and 60
RSX from 10.83 target 25 and 30
XHB from 8.92 target 19 and 22.50
I don't trade stocks (anymore).
What are those symbols?
P.S. Oil, Russia and Homebuilders.
They're ecelectic to say the least.