Wednesday, August 12, 2009

Selling 1/2 of my TBT from yesterday for $1.15 gain - nice trade

As I mentioned yesterday my trade was only for $1-2 on this TBT. Therefore, taking half off for $1.15. Moving stop up to 51.49 on the remaining piece.

10 yr UST auction results sort of weak here so could go further but locking in gains ahead of the Fed.

Nice, low stress gain on this one for me.

I still maintain a longer term bearish position and view of long term US bonds.

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