News Focus
News Focus
icon url

food4thought

09/14/09 4:55 PM

#28598 RE: corwatcher #28592

Corwatcher,
I put a stop loss in at 52, as I didn't want to lose anymore than 10k on a quick trade. Sucks. It will probably base now. Volatility is a funny thing. The markets could go down with stability and still not provide the VXX a huge run up. We would need a fairly major sell off to drive VXX to the 80 level, IMHO. I'm waiting on Cor and have some cash to reenter on a pullback. That is the strategy I should have stuck with but got greedy trying to wager the pullback. I am heading into nat gas probably late fall and then maybe gold on a pullback. Otherwise my money is on Cor and the Packers. F4T.