I am a little too heavy in SKF. Have plants from 98 to 117, with a dollar cost avg of 108. Only 3 plants in UYG, but all green. Thinking about selling off 1/2 my SKF (and taking a hit) tomorrow am, and buying more UYG to even things out, then put stop orders on both piles. I have a feeling that tomorrow am, markets will open lower, putter around a bit until Big Ben talks, and then rally, no matter what he says. I don't have much more than a gut feeling about this, though. Could go either way if there is no rate cut.
Of course, I was dead wrong about the effect that the mid-march rate cut was going to have on the POG(price of gold should have gone up), so planning to be surprised.
2 comments:
Yoh Joe! Pigs be back!! ;)
I am a little too heavy in SKF. Have plants from 98 to 117, with a dollar cost avg of 108. Only 3 plants in UYG, but all green. Thinking about selling off 1/2 my SKF (and taking a hit) tomorrow am, and buying more UYG to even things out, then put stop orders on both piles. I have a feeling that tomorrow am, markets will open lower, putter around a bit until Big Ben talks, and then rally, no matter what he says. I don't have much more than a gut feeling about this, though. Could go either way if there is no rate cut.
Of course, I was dead wrong about the effect that the mid-march rate cut was going to have on the POG(price of gold should have gone up), so planning to be surprised.
Warren
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