Investing for the Long Run Message Board

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Strategies & Market Trends : Investing for the Long Run

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To: Condo who wrote (56)	8/14/2007 6:34:50 PM
From: tyc:>	Read Replies (2) of 68

Ugh ! What a day. And yet my PF is down only .1% (point 1%), if I can ignore cash values ! I did that trade. I bought 140 shares of IWD @ a (SPY) price of .5653 at the opening. At the close it was .5655 .lol As a diversification it was a terrible trade for there is too much correlation between it and SPY, and therefore not enough "volatility" However I can live with it. I would be all out if/when the price of .7121 is reached. This implies outperforming the S&P500 by 26%, assuming no fluctuation to be traded in enhancement. Intermediate targets are set initially at 8% intervals on the upside. Each sale would yield sufficient to buy 30 shares of SPY. So assuming no fluctuations to benefit from, what cost me ~80 Spy would yield 90 SPY. No big deal, eh ? But still an outperformance of the S&P500.

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