I have to agree that today you should be buying rather than selling, last year many were saying it was time to buy on anticipation of continuous 52 week highs, now that were seeing continuous 52 week lows everyone is saying sell.
i dont wait for the good news... i just made so much money on AVCT and VVUS that I feel like buying something cheap today ...
you sound like you have great potential as a trader. keep it up and you are bound to make tens and tens of dollars if you are lucky.
Then why do you keep averaging down in the UYG, without any stops? Your entry at $29.00 from May 23rd is way far away . . . especially now with the UYG at $18.00 and down another 7%. :eek:
went in and out today in at 17.95 out at 18.20 buying back in below $17.90.... did you see DUG by the way, not to far off from avg cost, my second buy on DUG is now in the green, above $30.
There is no way housing/financial stocks recover with these 2 stocks on the ropes. Watch out for a Fed surprise.