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Bought 3,000 at $7.70 in anticipation of another correction.

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stephenp

285 Posts.

26/08/20

09:17

Post #: 46820060
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Originally posted by dabozza: ↑

Good points. The use of the tool is definitely not a long term hold as you get hammered on the cost of contracts under the hood of the ETF.

I currently hold BBOZ because essentially you can peg me as a 'perma-bear' along with some others in this forum. Though I am using it as a hedge. I still think bargains are around, happy to hold equities for longer term value, and if things do go belly-up with a repricing in the market at least the BBOZ will hedge some of those losses.

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Bought 3,000 at $7.70 in anticipation of another correction.
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