What to do ?????Here is my position on this now.
I took some of my Aussie stocks off the table for now with a nice gain to boot. ie. MGA, LAM. That will afford me some slack should things go bad.
This thing could go either way so if your going to sit it out you got a 50/50 chance of taking a sizeable drop.
I will take that chance with a scaled down version of what I would normally be holding.
If it crashes, I will wait till I think it's done and load up. I will then be in an excellent positon to take advantage when the rules are changed at some future date. There would most likely be another run up at the time they started pushing it all over again.
If instead it goes up, I will still have a position to take advantage to some degree.
To me, it is not a question of whether or not this proposed change will fly, its just a matter of when.
I see no way to predict the outcome ahead of the April 26/29 time frame, so in my case my position will allow me to take it in stride with out as much risk.
Thats my strategy and I'm stikin to it.
UNM