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NRO short


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#1 greenie

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Posted 12 August 2007 - 11:34 AM

As explained earlier, I took half position on it and covered half of it at 4% profit. The purpose was to get a feel for the ETF. As I investigated it further this weekend, I found it to be an excellent short candidate. So, I am planning to take a full position on any bounce. :)
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It's the illiquidity, stupid !

#2 OEXCHAOS

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Posted 12 August 2007 - 11:43 AM

It's your money. TWM might make a better buy.

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#3 tva995

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Posted 12 August 2007 - 08:36 PM

As explained earlier, I took half position on it and covered half of it at 4% profit. The purpose was to get a feel for the ETF. As I investigated it further this weekend, I found it to be an excellent short candidate. So, I am planning to take a full position on any bounce.

:)


it's not an EFT... it's a closed end fund... :)

#4 ogm

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Posted 12 August 2007 - 08:59 PM

As explained earlier, I took half position on it and covered half of it at 4% profit. The purpose was to get a feel for the ETF. As I investigated it further this weekend, I found it to be an excellent short candidate. So, I am planning to take a full position on any bounce.

:)


it's not an EFT... it's a closed end fund... :)


apparently his investigation didn't get that far.