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.
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better a year too early
Exiting TBT too soon may be the larger mistake..
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.