You dont believe me, I dont understand, you think im making up my trades, I own DUG at 36-37 range and again around 29-30 range which gives me a cost avg around $33.00 DUG cost avg $33.00, its trading around $26 and change, if you look at some of my previous post my next buy is under $25.00. DUG can jump back to $40 once this oil nonsense is done with I also own UYG with a cost avg of 24-25 a share, this is one of my longer term holds, pays a nice dividend as well. These are proshares, there not individual stocks, I dont trade many stocks, I would rather buy the sector then buy the stock, less risk, as for UYG it will roar back when the time comes, my price target on UYG still stands at 32-34 by end of 2008 early 2009.
Me or Landis called the bottom on the market? I dont think your referring to me I think your referring to Landis post about 2 weeks ago that said the markets were nearing a bottom.
you are now married to that stock. you should never let a loss get that large and then say "its a bargain" and average down. thats why traders go broke.
Werent you and Makolda not believing me when I said the DOW was headed alot lower, remember my 11500 call......
Are you bickering losers capable of anything resembling a well thought out adult conversation regarding the economy and the markets?
Ok, I will make it easy for all of us and basically summarize the collective wisdom of ET: - It will be the worst bear market ever. You haven't seen nothing yet. Forget about trading. Close all longs, keep the shorts and let them ride all the way down to SPX 500. End of thread.
it usually goes in this order..... S2007's makes a comment.....less than 10 posts later comes landis slamming him to the ground with the same statment about S2007's positions ( he must track it well ).....and then 1 1/2 posts later comes you know who trying to wiggle his nose up landis's ass.... notice how i left out the name of the brown-noser....the name is not needed....because Y'all Know who he is....can ya name him????