Quote: (06-21-2013 07:58 PM)Leo Wrote:
Quote: (06-21-2013 07:44 PM)gsinplaya Wrote:
Quote: (06-21-2013 07:30 PM)Leo Wrote:
Quote: (06-21-2013 07:24 PM)gsinplaya Wrote:
Quote: (06-21-2013 07:15 PM)Leo Wrote:
I'm thinking position trade. Hold time: 2+ years.
I'd rather buy whats in an uptrend and showing relative strength if you want to position trade something over that time period. A stock like GOOG is the first that comes to mind for me.
I don't see any technical reason to buy GLD here for an investment.
You really don't think gold is on a long term uptrend and this is just a correction?
GLD intermediate trend broke at $161 - then macro at $148.50. There is no telling how low it will go
It's times like this that separate the men from the boys- really though, does anyone ever know how low/high a price goes? I'm even tempted to avg in. And tbh, I'm just putting in a little play money.
Sounds like gambling to me ...but yeah i get it. All good.
If i wanted to hold something for 2+ years with a bit of play money I'd be buying up LEAPS in the banks e.g. BAC $15 2015 Jan Calls.
You can sit back and watch that option go up 100%+ over your timeframe IMO