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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Eva who wrote (25152)1/9/2003 11:45:01 AM
From: ItsAllCyclical  Read Replies (2) | Respond to of 36161
 
Now at 105%...using a little bit of margin to accumulate more WHT. As the S&P nears 950 I may use more margin.

This is a play on gold, but it's also designed to increase my hedge as RRI has been on such a tear that now closer to 60% of my portfolio. Since I don't want to sell any sub 10-12, I'm adding a bit more gold.

In addition to all the FA reasons for the market going down we also have the QQQ's trading above Max pain now and the VIX is showing lots of complacency.