Day's not over yet. I posted some statistics on an earlier
thread about what GDX has done after gap days. To rehash, for gaps
which were filled in subsequent days, there is on average four days
with higher highs than the high of the gap day, and on average the
highest intraday high after a gap day is $2.79 above the top of the
gap.
Matt's standard reply is to buy the mutual fund SPPIX. However,
w/ Fidelity anyway, there is a $7,500 minimum purchase (IIRC) and
something like a $75 penalty for withdrawing before 180 days, so
for me it's a nonstarter.
GDX Lawn Dart
Posted by ditch on 5th of Nov 2010 at 12:18 pm
Day's not over yet. I
Posted by frtaylor on 5th of Nov 2010 at 02:29 pm
Day's not over yet. I posted some statistics on an earlier thread about what GDX has done after gap days. To rehash, for gaps which were filled in subsequent days, there is on average four days with higher highs than the high of the gap day, and on average the highest intraday high after a gap day is $2.79 above the top of the gap.
Does anyone know of an
Posted by cora davis on 5th of Nov 2010 at 12:32 pm
Does anyone know of an inverse GDX ETF?
Matt's standard reply is to
Posted by frtaylor on 5th of Nov 2010 at 02:20 pm
Matt's standard reply is to buy the mutual fund SPPIX. However, w/ Fidelity anyway, there is a $7,500 minimum purchase (IIRC) and something like a $75 penalty for withdrawing before 180 days, so for me it's a nonstarter.
Dzz
Posted by freddy123321 on 5th of Nov 2010 at 01:03 pm
Dzz
or short things like SLW,
Posted by Michael on 5th of Nov 2010 at 12:38 pm
or short things like SLW, FCX -- they're pretty correlated too, and move a lot.
There is no such thing.
Posted by algyros on 5th of Nov 2010 at 12:33 pm
There is no such thing. The best negative correlation with GDX is DGZ. DZZ is also good.