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Peter Schiff Video Blog - December 12, 2012 (Ben Bernanke Throws the Dollar Over the Currency Cliff)

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December 13, 2012 – Comments (4)

4 Comments – Post Your Own

#1) On December 28, 2012 at 7:28 AM, AnsgarJohn (99.05) wrote:

Not on Topic, but how did you find POOSF Poseidon yesterday ? ( (Just curious)

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#2) On December 28, 2012 at 10:59 AM, kdakota630 (29.56) wrote:

AnsgarJohn

I had it as a pick on my other accound (KDakotaFund) that I had as a limit order a looong time ago.  So I just happened to see that huge drop while looking at my other accound and figured it was worth a shot, at least on CAPS. 

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#3) On December 28, 2012 at 5:32 PM, AnsgarJohn (99.05) wrote:

Thanks, make sense. I see you green thumb Ultras 3x over longer periods, like USLV , don't they always lose in the long term because of expenses?

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#4) On December 29, 2012 at 11:07 AM, kdakota630 (29.56) wrote:

AnsgarJohn 

They don't lose over the long term due to expenses, but more due to mathematical issues inherent with ultras.

That being said, they work great if you can time them right. Most of my green thumbs of ultras have been timed poorly. I even have a number of red thumbs of ultras that I'm down hundreds of points on due to poor timing. On one hand it's nice to know that it's a certainty that I'll get them back eventually, but on the other hand, it sucks knowing that process could literally take years. 

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