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IBDvalueinvestin (99.68)

Scary correction seems to have arrived.

Recs

3

August 17, 2009 – Comments (1)

Based on past corrections we should expect a -45% pullback of the 50% gains we had since March.

So we had a roughly 3,000 point gain in DJIA since march. A 45% pullback of recent gains would cause about a -1,350 point drop in the DJIA.

Still there is stocks you could go long in a pullback.

DTO, SCO , these are bear plays on Oil during a pullback

others are TZA, BGZ, FAZ 3x bear plays

 

 

1 Comments – Post Your Own

#1) On August 17, 2009 at 9:05 AM, barnettech (< 20) wrote:

If I put in an order for FAZ this morning.  How fast will I get in.  For popular stocks like Citibank it takes too long to get in and then you loose money even though you know the direction at the opening.

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