Sold my GDX and UGL for a nice profit... (gold miners and double long gold)
Bought large positions in SRS, SKF... smaller in FAZ
Lets see if they can crush me again.
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Point/counterpoint on trading and investing
What is your target here, because I'm less convinced now that we're going to crash below 800 as I used to be, with commodities ramping so much.
ReplyDeleteI didnt know you traded or read this Jennifer...
ReplyDeleteThe dollar crash is very troubling for the short equities thesis, I agree with you on that.
I already got stopped out of some of my shorts and the rest will be stopped out with any strength next week. I was out of town Thursday and Friday so I had to just set my stops and not watch it.
If the dollar keeps losing 1-2% every day it is hard to short things!
Im watching the dollar.. .back in December it traded down to 79-78.5. Currently it is 79.2. If the dollar breaks its December low its probably at least testing its all time low at 72 and I don't think you want to be short if the dollar keeps crashing.