I suck, I suck, I really do.
Did anyone see DRYS AH - 90+ ?
One good thing did transpire from all this -- I did not short DRYS.
But then I did not short CMG either.
So you see, hindsight is 20/20.
beanie,
Name you time frame and I will bet you that SLX or MOO will outperform PBW.
3 years from now:
PBW from 25 to 100 (hell yeah!)
SLX from 88 to 350
MOO from 53 to 210
NLR from 39 to 155
Which is more likely? PBW, back up 9 trucks.
Btw, PBW is an etf. Nothin wrong with 50% of your money in it. Just watch the sector and watch the chart for developments.