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Knowing When To Take Money Off The Table

Larry MacDonald submits:

I carried through on Friday’s plan to unwind the short position on crude oil, selling my holding of the double-short, exchange-traded fund Horizons BetaPro NYMEX Oil Bear Plus (HOD). I had planned to do it when the price went up another 5% to give me a 50% gain, but instead settled for 47% just before lunch today.


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Published Tuesday, September 09, 2008 6:48 AM
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