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Recently Closed Positions:
Current MPY: 3.1%
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Day Play:
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3-Day Play:
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Longer:
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Commentary:
Well, thanks for all the replies this week and you are very welcome that we share our research. We have hit big in several areas for our readers, and as you see with our NBG sales we've done pretty good for ourselves. We had our suspicions that GLD would not let us back in at $105, but optimism is as much a part of this game as pessimism is.
Since several of you have asked about exit plans, especially for NBG, I will point out that our strategy is to "sell early". In the case of NBG during today's trading we sold early at $5.73, yes we missed some upside, but gain is the goal. Trying to hit that peak will cause more despair than profits. We have several more stepped positions yet so we can root for both sides of this. If it drops again we replenish, if it rises we capitalize. We call it pessimistic entry and double-pessimistic exit. Any entry requires optimism and any exit requires pessimism. Keeping a bit of an imbalance helps maintain a healthy portfolio. So, in short, as you can see from our history, depending on the overall market we look for between 3% and 10% gain. We seldom hold longer unless there are some very good reasons. Our failures are the 1% gains, which is a symptom of our strategy. A symptom we enjoy.
Hope this helps, and keep the email coming. Sorry we cannot answer them all.
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Daily or Weekly BS!
Jobs data and Obama promises. Sorry, we are not impressed. Please anyone, point out one positive practical thing this man has accomplished in the last year.
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