Yes, I still like TBT long and UAUA short, and will be looking for re-entry there. Currently I have no swings in either. Do have a multi-week hold still on the TBT.
I've been weaving in and out of TBT for awhile now (swing) and have a longer term position trade in it (not weaving in and out) from around 47.50.
UAUA is a bit trickier than TBT. It's unclear whether UAUA is going to reverse hard or not, as mentioned in previous posts. That's why I am only using swings (not multi week / months positions) in UAUA for now. I did take profits in UAUA at around 2-2.5% on a 2 day swing, but only on 50% of my shares. I held the other 50% and got stopped out at breakeven, unfortunately. UAUA might be forming a massive bear Head Shoulders on the daily chart, but it could also continue in the uptrend. Again, UAUA gapped UP a few days ago with that big green bar, which is bullish until proven otherwise. So for now, I'm doing contra-trend trades in UAU, taking quick profits, in an effort to make some 2% profits but also be positioned "early" if UAUA makes a run down for $12 or $10 (last 15.33).
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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