I bought a SSF on BIL at 181, do you guys think I should take profit at current levels 195 or still hold and sell around 205 as there could still be more upside potential due to US postive earnings outlook this week. Would appreciate your advice
I would sell, my opinion: bill is highly volatile for a time now and traders seem to take advantage of this fact. for now its peaking and forming a top, and if in red tomorrow then huge sell off as history repeats itself, and quickly so I might add.omo
Freeport-McMoRan [FCX 57.00 --- UNCH (0) ], US Steel [X 39.48 --- UNCH (0) ], BHP Billiton [BHP 59.40 --- UNCH (0) ], Eaton [ETN 48.94 --- UNCH (0) ], Caterpillar [CAT 36.65 --- UNCH (0) ] and the like will all run now because Wall Street knows that these cyclical stocks are too cheap given the coming turn, Cramer said. Stimulus spending will continue, and that will help companies beat last year's numbers handily. Remember, it's been almost a year since the doldrums of September 2008, when Lehman Brothers collapsed, credit was scarce and consumers refused to spend money. That will make for some "incredibly easy compares," and 2009's second-half numbers should come in much higher. This fact alone is enough to raise investors' spirits.