This is Jim Sinclair - talking about GOLD. But it also applies to we owners of NOT. The question is, is one a bull or a bear on the stock? Once one decide this, one can make their decision and then relax. That is the beauty of the LONG position.
Selling weakness has to end. If it doesn't you do financially. Are you a bull, or a bear who is somehow long? What happened to buying weakness and selling strength? ...
I simply cannot understand why you are bulls when gold rises and scared to death when it reacts. It makes no sense whatsoever.
Can't you decide fundamentally what you really believe and follow through with that? ...
Gold is going to $1050 and then on to $1650. My only concern is that I may be too conservative. If you are on margin in anything gold and not a professional with at least 25 years of professional experience, you are a raving nut job.
This is just a short term reaction which will run its course before gold establishes higher highs. You have seen this a million times!
http://www.jsmineset.com/
BK