As you noticed the last trade was very hard to handle. The reason I don't exit was Panic.
The VIX is at extreme high , suggesting panic is about to vanish.
I hold the position and know for the coming weeks the markets will fly from here. So I held tight even though it's still not easy.
For investors the, I must stress , Unless something very extreme will happen (i.e. NC bomb) , these levels are very attractive to buy.
Thursday, August 16, 2007
Update
Posted by indextrading at 1:49 PM
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