Thursday, March 26, 2009

Profit taking

I took some profits today by selling ESI, ITT Educational Services, for a 10% gain in just about 5 days. I am holding onto my double long gold ETF DGP, waiting for the market to realize the implications (read hyper-inflation) of the monthly-trillion-dollar-printing-bonanza by the Feds.

For now it seems the market is super technical in nature, it is following Technical analysis to a T. And it would be really unwise to go against this current prevalent technical trend, atleast for now. But come earnings season (Apr 4th) HMMMM, that is when the cat comes out of the bag.

Disclaimer: Long DGP in trading account

No comments:

Post a Comment