Professor’s Comments Update 8/20/15
Posted by OMS at August 21st, 2015
OK, with the Dow down over 300 points and approaching 16,650, I’m closing out ALL of my inverse ETF positions.
Even though my target for the Dow on this leg down is the 16,500 level, I do not believe the reward-risk justifies holding large quantities on inverse positions at this time. The market could easily bounce several hundred points from current levels.
Getting flat for the weekend (and going out by the pool to smoke the best cigar I have in the box).That’s what I’m doing,
h
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Category: Professor's Comments