Platinum. Sigh. A mismanaged position.

Posted on Nov 20, 2009 by in Letters

Here is an example of a mismanaged position.  We bought platinum in January.  Obvious isn't it?  Broken downtrend line, clear neckline over a clear bottom.  As can be seen we have handsome profits in the position, made even more handsome by metals going parabolic (sigh, soon to be corrected).

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