Think you are too early Diogenes.
IF they fall below recent lows, GLL and ZSL look like they have another 25-30% fall ahead.
Yup, this is going up forever
Started by
diogenes227
, Aug 10 2011 11:03 AM
21 replies to this topic
#21
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lasergirl
Posted 05 September 2011 - 12:31 AM
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#22
diogenes227
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Posted 05 September 2011 - 07:02 PM
At this point, I'm not sure I'm too early or just plain wrong being on the short side. I agree if they fall below the recent lows, they will take a notable hit although not sure it's going to be as big as 25-30%. That's a lot of percent and it'd be asking a lot of gold and silver to make another move like that. But crazier things have happened so you might be right there too. I am in cash for now, having been stopped out of the above trade on the next day as per the posted stop for about a 3.5 percent loss (it had a bit of a gap down). Probably going to still play short but...hopefully...CAREFULLY.Think you are too early Diogenes.
IF they fall below recent lows, GLL and ZSL look like they have another 25-30% fall ahead.
Good luck and good trading.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
