RE: RE: RE: RE: Out ahead of inventory reportsHey... I wasn't putting my thoughts up their as advice or anything. As you guys know, I bought a little high at 5.08 last Wed. Then it dipped to 4.60s after the bigger than expected injection and I bought some more. I was in around with an average of about 4.86 and it had a nice run over 3 days. I only decided to get out @ 5.35/34 because with my personal timing on this, I had made a nice profit in a few days. I'm not long on these resource ETFs right now because the economy has been too jumpy and I am keeping lots of cash around at all times. This does not mean it couldn't take an amazing run 20 minutes from now which I will miss entirely. Seasonal stuff should start to drive it upwards very soon anyway. However, if the Globe bombs us with some new debt calamity tomorrow or some analysts want to chase NG down for their own reasons, it could dip too. I wouldn't be too worried about holding it right now frankly but just decided, in this instance to lock in a profit and get some more cash at the ready.
Please don't let my post scare you out of a potentially big gain today!! Do what you're comfortable with and good luck.
Mark
PS: If it dips a little more before inventory I may yet buy a lesser amount. I trade a lot these days.