yes agree not to chase it, the time to buy TBT was last
week.
However I'm not sure that I agree about a 2 - 3 year trade at
this point, that implies that the ultimate bottom is in the
market. If the market has another major pullback later this
year to new lows, then I personally think TBT will test or make new
lows as well. But we'll see
Agree with you on mkt, but I look at TBT as an interest rate
play, ie hyper inflation at some point, so treating it like a gold
hedge. I peeled off a little Friday and stop definitely set on
rest. But do feel like it could see 70 at some point, but yes for
sure could see 36 again before. But I hope not. LOL
yes agree not to chase
TBT
Posted by matt on 5th of Jan 2009 at 02:10 pm
yes agree not to chase it, the time to buy TBT was last week.
However I'm not sure that I agree about a 2 - 3 year trade at this point, that implies that the ultimate bottom is in the market. If the market has another major pullback later this year to new lows, then I personally think TBT will test or make new lows as well. But we'll see
TBT
Posted by racerick on 5th of Jan 2009 at 02:14 pm
Agree with you on mkt, but I look at TBT as an interest rate play, ie hyper inflation at some point, so treating it like a gold hedge. I peeled off a little Friday and stop definitely set on rest. But do feel like it could see 70 at some point, but yes for sure could see 36 again before. But I hope not. LOL
yep, but I don't see
Posted by matt on 5th of Jan 2009 at 03:13 pm
yep, but I don't see hyperinflation as a problem yet and I see gold coming down again when the Dollar rallies again