11/19/2011 Portfolio Update | Cobra's Market View

11/19/2011 Portfolio Update


Trading Signals:

DZZ buy order not filled, but the system will try to buy DZZ again the next Monday. Set DZZ buy stop at $4.69, stop loss around $4.21.

The system sees the pullbacks of the oil as a good chance to buy dip. Set UCO buy stop at $ 42.02, stop loss around $34.78. This is a pyramid position if filled.

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3 Comments on "11/19/2011 Portfolio Update"
  1. .
    November 20, 2011 at 7:59 am

    […] system sees the pullbacks of the oil as a good chance to buy dip. Set UCO buy stop at $ 42.02, [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:11/01/2011 Portfolio […]

  2. Comment left on:
    November 21, 2011 at 10:21 am
    Anonymous says:

    Cobra, have you investigated the 3x leveraged gold funds to reduce the position size? I think there are also leveraged dollar funds too, which can be used to reduce the position size. Was your choice of the current funds based on their daily trading volumes?

    • Comment left on:
      November 21, 2011 at 1:20 pm
      Cobra says:

      you can try UUPT and UDNT but there’s no volume there. So yes, my concern is the volume because you won’t get fair price using buy stop if volume too thin.

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