If you think education is expensive, try ignorance. - Derek Bok
The trailing stop on my TZA just triggered at $92.50.
Lady
If you think education is expensive, try ignorance. - Derek Bok
This morning I put in a limit order that expires COB for more FAZ at $66.60. I know, sick and twisted of me. So I was interested to learn that others are watching it today to buy too. My ordedr came within a hair of filling but FAZ is going back up now. Maybe the markets have saved me from myself.
Lady
If you think education is expensive, try ignorance. - Derek Bok
Found a very new but intriguing ETF this morning and put in a nibble limit order at $22.80 that may never be filled. If it does fill, I'm looking at this for a longterm position, but will keep a sharp eye on it.
RWV:
"The RevenueShares Navellier Overall A-100 Fund (RWV) was created in order to identify an index, rank its constituents by company revenue and rebalance once a year, with the goal of providing a higher return over time than the index would normally do by itself. The fund is constructed using an eight-factor model to give stocks a letter grade. From there, the top 100 A-rated stocks are included and ranked by revenue annually on Sept. 1, and rebalanced on the first day of each calendar quarter.
RMV has an expense ratio of 0.65% with holdings in 100 securities. Its top holdings include: Wal-Mart, 7.72%; Home Depot, 6.83%; Lowe’s Co., 5.33%; Astrazeneca PLC ADR, 4.42%; Accenture LTD, 4.14%; McDonald’s Corp., 4.02%; World Fuel Services Corp, 3.05%; General Mills Inc, 2.75%; AMGEN Incorp, 2.62%; BJ’s Wholesale Club Inc, 1.92%."
http://seekingalpha.com/article/1258...ovative-stance
Lady
If you think education is expensive, try ignorance. - Derek Bok
So at week's end my ETF portfolio is GTU, SLV and RWV without stops, GDX with a loose trailing stop, TNA and FAS with tight trailing stops, and FAZ that I paid too much for. And a limit order for TZA at $65.
FWIW,
Lady
If you think education is expensive, try ignorance. - Derek Bok
For anyone who noticed, I fumble fingered the limit order $ on my RWV when I first reported it. The order was for $22.80 (not $29.80) and that's what it filled at. Don't ask me how I did that typo. Today my fingers have been operating on a separate brain.
And my stop on FAZ is at $33 and if it triggers I'll have lost half the worth of that position. I keep being sure it's going to rebound and it keeps doing what it wants to without listening to me. I should pay attention to my own tagline, huh!
Lady
If you think education is expensive, try ignorance. - Derek Bok