Wednesday, September 12, 2012 1:22:47 PM
No worries! Thanks for taking the time and out lining some alternate hedge strategies.
I think ultimately I'll just let it ride. I went into the position knowing that I would either profit on a downward move or take a loss on an upward one. Also, I was willing to part with the $115 as part of the learning experience. I still think a pull back to the $136 level is possible, looks like the market could be running out of steam. I might look to exit around $138 (if it even gets there).
I think ultimately I'll just let it ride. I went into the position knowing that I would either profit on a downward move or take a loss on an upward one. Also, I was willing to part with the $115 as part of the learning experience. I still think a pull back to the $136 level is possible, looks like the market could be running out of steam. I might look to exit around $138 (if it even gets there).
When you say "moving averages"..do you mean the Moving average convergence divergence of the Pumpers and bashers. That formula is very complex.
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