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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| BOM | Non Equity Investment Instruments | 22.14% | n/a | 2 | 02-Jan-09 | Prior Holding |
10-Nov-08
BOM: 2 X Inverse Base Metals ETF and a few comments about a change in my strategy
Holding Rationale for BOM.
BOM is one of the leveraged ETF's that are designed to benefit from Bear Markets. This one is based on the base metals--Copper, Zinc, and Aluminum. My initial stop is at 45.25.
Regarding my overall strategy, I'm in the process of modifying my risk parameters (downwards) to increase my ability to be more broadly diversified, and to be able to participate in a broader range of commodity based ETF's. Part of this involves an ongoing downsizing of some of my current positions, which I've been doing for some weeks now with my ETF's.
Given the magnitude of the recent worldwide bailouts of underperforming banks, in particular, it is my belief that the long term (the coming years) potential for stocks is very poor, that the potential for a major increase in inflation is large, and that the next very large move therefore will be in commodities. I believe we are roughly going to repeat the 70's, in which it was actually difficult not to make money in commodities, and was not all that easy to make money in stocks.
So I'm gearing up to take all buy signals in a wide range of commodity based ETF's.
Tagged Stocks: BOM
Posted at 12:27 in Holding Rationales | Permalink | Comments () | Top
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