SBND trade

January 28, 2013

My open order was filled for 500 shares of SBND at $8.12.  Stop is at 7.50, just below recent lows.

A break above 8.40 will likely see a pretty big move up.  I may consider adding to the position if this happens.  But because I am likely early, I don’t feel comfortable yet adding to the position with a buy stop at 8.41.  Remember, the Fed has vowed to keep interest rates low until 2015.  They only can control the short end of interest rates (1-5 years) , not the long end, which at 25 years this is the long end.

 

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