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It's now Time for FXL to Rise!, page-13

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SilverTrade

5,937 Posts.

611

17/09/20

21:18

Post #: 47432034
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Originally posted by IsdHope: ↑

Hi Silver Trade,

This early morning trade, I noticed the same buyer I think bought about 87,112 shares at 0.12 and another 129,600 shares at 0.125 (exactly at the same time), so I thought FXL is in for a good day's run today. Alas this is not to be the case - everytime FXL hit about 0.115 in the previous 3 days, the sellers came out. Today, they all came out when the price was about 0.125. Seems there is a lot of profit taking in terms of selling at about 0.12 and buying them back at about 0.09 (3 cents profit over 10,000 share is about $300 - can pay for a good steak and a few nice bottles of decent red wine).

So should we be doing the same thing and enjoy a good steak and a few bottles of red wine by selling when FXL hits at about 12 cents and buy them back before the end of day, say at 9 cents??? Sometimes, if you sell, the price may keep going up and you will miss many steaks and many nice bottles of red wine. But sure, it is tempting when you see how FXL behaved in the last 4 days. and looking at the US Futures market now, maybe we should have made the sale at 12.5 cents this morning and enjoy the steak and drinks when we buy the shares back at 9 cents?

What do the others think???

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with such limited movement we'll be paying more in brokerage

Would like to know who's been shorting in the stock? any reports???

FXL Price at posting: $1.10 Sentiment: Buy Disclosure: Held
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