Sunday, June 03, 2012

So far so good

The stock market correction continues. Right now the S&P 500 index is near its lowest point in five months at 1278, and not surprisingly HDGE is at a five-month high.

Although I expect the S&P to bottom-out near 1200, meaning HDGE will gain some more, I'm not going to hang on to my HDGE shares blindly. If I see turn-around signals in the market earlier than expected, then I'll sell my HDGE shares sooner. Hopefully I cash out with a decent gain either way.

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