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I am a Registered Financial Advisor with over 20+ years in the securities industry. I am also a Registered Public Accountant with Accreditation in Accountancy and Tax Advisory from the National Society of Accountants. I also hold several securities licenses having worked for some of the best... More
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All Things ETF
  • Hindsight or Foresight? 0 comments
    Oct 19, 2010 9:11 PM | about stocks: ROM

    Long day today. I woke up thinking, ok today is the day I am going to take some profits on ProShares Ultra Technology Fund (NYSEARCA:ROM). Nope! It didn't happen today. The DOW opened down 162 points and stayed down for most of the day, along with my confidence which went right down with it. Darn, I should've, would've, could've sold Monday, but no-o-o. I had to get greedy and wait another day.

    Ok, do I double down or wait until technical fundamentals improve? Of course this could be a short term pullback due to China raising interest rates today to control growth. I still haven't figured out why that would trigger a pullback in the DOW though.

    We will see what happens tomorrow. Stay tuned!

    Disclosure: Long ROM

    Stocks: ROM
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  • ProShares Ultra Technology Fund:ROM really has my attention. What a great performing ABE.
    Oct 15, 2010
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