When would you buy UYG

Discussion in 'ETFs' started by Sikhinvestor, Feb 23, 2009.

  1. I am planning on buying at 0.25cents a share?
  2. Good luck on that. I assume you don't have real time quotes today.
  3. Arnie


    I've been buying all the way down. Averaged in at just over $6.

    I've NEVER had dreams or nightmares about trading. Even when taking a big hit, I sleep pretty well. But the other night I had a very vivid dream. I was sitting at my computer and UYG was trading at .76 Thats 76 cents. In my dream I was conflicted with really loading up or just saying "fuck it". God help us if it gets that low. Whats unusual is that I have been pretty busy with my regular work and really haven't even thought much about it. I hold these shares in my 401k, not my trading account.
  4. I hate ETFs but this UYG looks interesting. I think it can go to .76 based on the ratio its based on. If 200% is the number than it could go there. I would pull the trigger below 1.

    I don't trust this rally and i think more doom and gloom to come.
    Maybe even .50 but its about picking your in spots and your exits.

    Taking Citi off the table tomorrow. Its up nicely since Monday so its all or none tomorrow.

    ETFs are killing the investment volitility. I think they may be outlawed. I can see that happening. If it does then they all go to zero...