Monday, December 1, 2008

Sold POT and bought FXP

There is no need to argue with the market. Yes, POT is a great long term play, but I can pick it up at low 50s, 40s and even 30s.
Bought FXP to balance the remaining long positions.
Looks like the market does not even want to wait to sell again. Low volume is another sign of more bearishness, once the volume picks up, it will kill the current move, which is down. We may test Nov. low soon.
Amazing enough, FXP (59) is close to its 52 week low at 49 than high, which was 183.
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