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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| DRR | Non Equity Investment Instruments | -8.94% | n/a | 2 | 25-Nov-08 | Prior Holding |
25-Nov-08
DRR: Ultrashort ETN on the Euro
Holding Rationale for DRR.
I bought this on 11/11 as my trend following system touched off another buy signal within the longer term uptrend. Initial stop was at 51.17, and has since moved up to 53.62. As of 11/24, there are increasing signs that the Euro is bottoming, so for now, this trade isn't looking very good. However, since a 100% adherence to my system has historically outperformed my actual record, I'm staying in this until my stop is hit, at which point I'll reverse and go long the Euro, via URR.
Tagged Stocks: DRR
Posted at 05:45 in Holding Rationales | Permalink | Comments () | Top
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