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Recently Closed Positions:
Current MPY: 7.2%
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Day Play:
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3-Day Play:
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Longer:
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Commentary:
We made a move on NBG at our target price. We are pretty sure that GLD will probably never be 105 again and even MSFT has left the station, though we could find an entry yet.
This is about monopoly money. We admit that despite our meager but consistent gains our pessimistic nature is showing. To ensure gains we must error on the side of pessimism. Hence our group's name: Sell Early.
We cannot begin to estimate how much 800 billion x2 in stimulus money will buy in artificially green pastures in the market. If the term AstroTurf were not already coined the current state of the market sure seems like a better candidate. We are treading on AstroTurf make no mistake.
We simply cannot trust securities' gains when the come at the expense of the currency that they trade in. This is why GLD stays in our sites, albeit illusive these days. Then there are Emerging markets. Another safe heaven from the dollar decimation we are Witnessing. Finally commodities, especially diverse funds like DBA and DBC remain favorites. Again they appear to be everyone's favorite and entries these days are illusive. We stopped touting these funds about 6 weeks ago when prices climbed too quickly to find good entry points.
So don't be fooled. As our activity list demonstrates we are opportunists in this bubble but selling early remains a priority. The floor will fall out from under us soon enough and we don't want to be left holding the bag. So tread lightly friends.
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Daily or Weekly BS!
If the article was not clear enough we'll state it again in this week's bs. The beautiful green of the last few weeks is the bs. AstroTurf!
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