Thursday, March 17, 2016 1:24:42 PM
Go back and read some of the posts over the last month. There was a newbie in here last month "averaging down" at like $37 and was going to "hold for a 20% gain". Well, I'm hoping he's not still holding...
Your only potential saving grace is that VIX is at 2016 lows right now and "may" be ripe for a pop. But even still, if it hovers in this low area much longer...contango will drag this to the low teens in a heartbeat. Sure, you'll get some good pops here and there, but the general trend will remain down. Be smart/nimble and Good luck.
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