I covered TBT in depth for you guys. I said that it may
have put in a long term bottom and can probably be held through a
pullback. Or which is what I did, you could have taken
profits yesterday or this week as objective price targets have been
met and look to buy it on a pullback such as to a major fib support
zone or MA like the 50 MA etc. I will of course be keeping an
eye on it.
Regarding TBT, I'll continue to cover it. I put it on the
list as a longer term swing trade because I thought that rates
might have put in an intermediate bottom if not a long
term significant bottom.
My thought is that you could sell and be happy with the nice
gain, then look to buy it on a pullback such as a 38% or 50% ABC
pullback. Or you can sell 1/2 or 2/3and keep 1/2 or 1/3 with
a really wide stop and just let it go in case it is a long term
bottom.
Exiting TBT too soon may
Posted by admagazu on 15th of Dec 2010 at 01:50 pm
Exiting TBT too soon may be the larger mistake..
Ahem. Not so far.....saved two
Posted by PA on 17th of Dec 2010 at 05:11 pm
Ahem. Not so far.....saved two bucks
I covered TBT in depth
Posted by matt on 17th of Dec 2010 at 05:19 pm
I covered TBT in depth for you guys. I said that it may have put in a long term bottom and can probably be held through a pullback. Or which is what I did, you could have taken profits yesterday or this week as objective price targets have been met and look to buy it on a pullback such as to a major fib support zone or MA like the 50 MA etc. I will of course be keeping an eye on it.
It really depends on how you want to play it
Definitely stick an alarm on
Posted by PA on 17th of Dec 2010 at 05:21 pm
Definitely stick an alarm on it when you see the next buy point. There's still a good chance for a muni-meltdown in 2011. Have a good weekend
tbt
Posted by vaellen on 17th of Dec 2010 at 05:15 pm
word has it the bernank stepped in to buy 30 year notes, he might be able to hold rates a while??
Baron Rothschild once said “I
Posted by PA on 15th of Dec 2010 at 02:35 pm
Baron Rothschild once said “I made my fortune by selling too early” (a comment also made by Bernard Baruch)
better a year too early
Posted by Palladin on 15th of Dec 2010 at 03:07 pm
better a year too early than a day too late!
Paul Van Eeden
Regarding TBT, I'll continue to
Posted by matt on 15th of Dec 2010 at 03:34 pm
Regarding TBT, I'll continue to cover it. I put it on the list as a longer term swing trade because I thought that rates might have put in an intermediate bottom if not a long term significant bottom.
My thought is that you could sell and be happy with the nice gain, then look to buy it on a pullback such as a 38% or 50% ABC pullback. Or you can sell 1/2 or 2/3and keep 1/2 or 1/3 with a really wide stop and just let it go in case it is a long term bottom.
Who? LOL
Posted by admagazu on 15th of Dec 2010 at 02:52 pm
Who? LOL