Waiting on Some Enticing Levels
I think it may have been Robert Redford who said it best in that trashy movie, Indecent Proposal: Everything can be bought at some price (a paraphrase). Essentially, there is a price at which everything can be bought or sold. I kind of subscribe to that notion, but with a different emphasis -- there is a price at which any item becomes attractive and warrants some attention.
Continuing with this theme, I am interested in adding to my relatively modest positions, but only if the market gets hammered again. If it doesn't, I am content to maintain positions up to about 35% invested levels -- which, you may recall, is less than half the exposure I carried when the market was trading at its recent lows, at the April 10 bottom. I have been cutting back in my bullish bets as the market has rebounded, though I've been trading from the long side, especially in the Russell 2000, whenever I've been able to take 1% to 3% out of the deal overnight. ...781 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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