TMX dump?

A.Kon · 09-17-2009, 10:46 AM

Anyone planning to dump their TMX/TSX index today?

We've had almost 10 straight days of solid increases (say 7 or 8%)
Thinking there will be a short term market correction ...

anyone?

bulldog_yyc · 09-17-2009, 12:34 PM

no need to dump, buy HXD (its 2x leveraged so if you wanted a 100% hedge, buy an amount equal to 50% of your asset value). Note, you do not want to hold these guys for longer than a few days.

CHCCubs · 09-17-2009, 01:23 PM

I doubt there will be any sort of major correction anytime soon. The gains may slow down, but I don't see anything major especially if commodity prices keep gaining.

A.Kon · 09-17-2009, 03:19 PM

Quote:

Originally Posted by turkish335

no need to dump, buy HXD (its 2x leveraged so if you wanted a 100% hedge, buy an amount equal to 50% of your asset value). Note, you do not want to hold these guys for longer than a few days.

good idea. forgot about those etfs

ims · 09-17-2009, 03:37 PM

tsx/tmx rocks... about a week or so of increase is expected...

09-17-2009, 10:46 AM	#1
A.Kon Second Lieutenant 11 Rep 259 Posts Drives: AW F10 Join Date: Apr 2009 Location: Toronto iTrader: (4)	TMX dump? Anyone planning to dump their TMX/TSX index today? We've had almost 10 straight days of solid increases (say 7 or 8%) Thinking there will be a short term market correction ... anyone?
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09-17-2009, 12:34 PM	#2
bulldog_yyc Major General 138 Rep 5,040 Posts Drives: GT3RS Join Date: Oct 2008 Location: probably work iTrader: (28)	no need to dump, buy HXD (its 2x leveraged so if you wanted a 100% hedge, buy an amount equal to 50% of your asset value). Note, you do not want to hold these guys for longer than a few days.
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09-17-2009, 01:23 PM	#3
CHCCubs Colonel 97 Rep 2,101 Posts Drives: 2013 BMW 328i xDrive Sport Join Date: Apr 2009 Location: Toronto, ON, Canada iTrader: (0)	I doubt there will be any sort of major correction anytime soon. The gains may slow down, but I don't see anything major especially if commodity prices keep gaining. __________________ 2013 BMW 328i xDrive Sport Line Mineral Grey on Everest Grey
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09-17-2009, 03:37 PM	#5
ims RockStarish 13 Rep 250 Posts Drives: 335i coupe Join Date: Apr 2008 Location: Toronto iTrader: (1)	tsx/tmx rocks... about a week or so of increase is expected... __________________ 19" RD2 Wheels Sapphire Black on Coral Red with Poplar Grey Trim 6MT obviously Vishnu tuned V3 Rev II www.tolworld.com
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