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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: mishedlo who wrote (203510)11/8/2002 12:37:19 PM
From: reaper  Read Replies (1) of 436258
 
you should know that i am pretty much ALWAYS sarcastic. plus i'm trying to play a little reverse psychology on the market <g>

i am out of 60% of my bond position, as of yesterday. i sold 20% at each of 3.95, 3.75, and 3.60 (as per my original plan to sell 20% at each of 3.xxx, 3.80, 3.60, 3.40 and 3.20). i also made a couple of 'trades', the most recent buying back the 20% i had sold at 3.60 for 4.15 and then selling yesterday for 3.90. so what i have left is my 40% waiting for 3.4 and 3.2. i THINK the 10-year will eventually get to sub-3 but i'm not going to place actual money on it.

so no, i don't think the bond rally is over. but i'm not betting on a continuation with a lot of capital.

Cheers
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