This post was just published on ZYX Buy Change Alert.
Due to high interest in oil, two posts published in ZYX Buy Change Alert this morning are being reproduced below:
TAKE MORE PARTIAL PROFITS ON SCO HEDGE
SCO hedge is from $25.87. As of this writing it is trading at $185.50. Back in 2014, we called for hedging 5% of the portfolio with inverse ETF SCO for the very long-term.
There are huge profits on this hedge. Profits have been taken as high as $225. Consider taking partial profits on another 10% tranche in the zone of $184 to $208.
Consider continuing to hold the remaining 20% of the position.
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