Monday, June 22, 2009

Bot FAS and URE back at close

Bot back FAS and URE shares that I sold at last Friday's close.

Stay long.
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5 comments:

  1. AnonymousJune 22, 2009 at 4:05 PM

    this is getting painful. is there an upside target?

    ReplyDelete
  2. AnonymousJune 22, 2009 at 4:05 PM

    how far do you think URE can go? The distribution volume is pretty high today. thanks

    ReplyDelete
  3. Pivot TrendJune 22, 2009 at 4:38 PM

    I know we are pretty suffering now. However, the Pivot Trend System indicates that buying here is a good deal with a favor of R/R ratio, and especially, historical stats shows that it never losses a signal trade on IYR if you are buying from here (IYR = $31.04 at today's close). Never losing a signal trade means it could either go lower but eventually come back, or bounce immediately from here. The worse case is a break-even trade on IYR.

    Again, control your position allocation well in a comfortable way you feel.

    ReplyDelete
  4. AnonymousJune 22, 2009 at 4:52 PM

    Thanks a lot for the explaination. Your system works very well. I have some URE position at $3.38. Do you think the market will revisit ~940 before a major correction (or we are current in a major down trend)?

    ReplyDelete
  5. Pivot TrendJune 22, 2009 at 5:34 PM

    URE at $3.38 should be safe (I have higher cost). Fed meeting's announcement on Wed would confirm where we are. SPX 878 is the last defense line of so called *pull back* in my mind. If that could not hold, we will see 666 again.

    ReplyDelete

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