So if the bailout doesn't happen, I'm going to have to sell at a big loss... It's cool if it's only a temporary fix. I can deal with that. As long as I can recoup to $24 or as near as possible. Better than a loss!
It depends on what portion of your portfolio it represents. If you can hold it and still have trading money until it comes back then you don't need to sell for a loss. If you can't afford to hold, then yes you would have to take the loss. We could be headed back to $14 if the plan doesn't go through.
Ouch! See, that's my worry though... If it heads back to $14, and considering the financial state of affairs, exactly how long would it take to get back to 24? Years maybe! I'd be better off taking the hit and putting the leftovers into skf or gold...
We went from $14 to $25 in 6 trading days in June, so that should tell you how quickly things can turn. I would much rather you be in something Gold related at this time if you're not actively trading.
yeah I see your point. I am actively trading but that UYG blindsided me. I bought in and it immediately tanked. And I don't really see the economy recovering to where it can shoot back up to 24 in a timely manner. Remember, all these economic gyrations by the Fed are just a show. It's really a power grab. All part of their diabolical plan to initiate NWO.
I'd at least hold for the day to see if they come through with something after leading everyone to think the opposite. That would be my guess. They feel the pressure of a huge sell-off and get something done. Thats unfortunately the truth even though the DOW being down should have no impact on this.
8 comments:
Morning Joe,
I've got a block of UYG @ around $24...do you think it'll head back up if they put that 700 billion thingie through?
I posted for you under your comment. The bill needs to be passed to get us back up to that level, but it will be a temporary fix,
So if the bailout doesn't happen, I'm going to have to sell at a big loss... It's cool if it's only a temporary fix. I can deal with that. As long as I can recoup to $24 or as near as possible. Better than a loss!
It depends on what portion of your portfolio it represents. If you can hold it and still have trading money until it comes back then you don't need to sell for a loss. If you can't afford to hold, then yes you would have to take the loss. We could be headed back to $14 if the plan doesn't go through.
Ouch! See, that's my worry though... If it heads back to $14, and considering the financial state of affairs, exactly how long would it take to get back to 24? Years maybe! I'd be better off taking the hit and putting the leftovers into skf or gold...
We went from $14 to $25 in 6 trading days in June, so that should tell you how quickly things can turn. I would much rather you be in something Gold related at this time if you're not actively trading.
yeah I see your point. I am actively trading but that UYG blindsided me. I bought in and it immediately tanked. And I don't really see the economy recovering to where it can shoot back up to 24 in a timely manner. Remember, all these economic gyrations by the Fed are just a show. It's really a power grab. All part of their diabolical plan to initiate NWO.
I'd at least hold for the day to see if they come through with something after leading everyone to think the opposite. That would be my guess. They feel the pressure of a huge sell-off and get something done. Thats unfortunately the truth even though the DOW being down should have no impact on this.
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