Home Forums Members Forum Looking for feedback on a 4th buydown position….

Tagged: 

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • AvatarMark Monteleone
    Participant
    Post count: 9

    There is an energy ETF that you shared a buydown of 88,82,68…. its currently at 43. I didnt enter at 88, but did at others.
    Now that we are at 43, I was wondering if there is decent logic at buying it at 43 as it seems there is 10yr support that we are at a bottom.
    I guess there is a question about our current ETF, but also about a 4th area of support when I only have 2 positions and at39-40% down…

    Thoughts?

    Sean HymanSean Hyman
    Keymaster
    Post count: 3919

    Correct. It’s fine to do a 3rd tranche since you haven’t gotten one in yet. Here’s my chart from yesterday. I’m expecting a nice push higher over the months to year ahead. https://logicalinvestor.net/wp-content/uploads/2020/10/11-3.jpg

    But I wouldn’t suggest a 4th tranche on anything except for stuff that can’t go bankrupt, like actual metals but not companies…even in ETFs.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.