XLD 1.96% 1,488.1 s&p/asx 200 2 x daily leverage index

"Would have been nice if COL crossed above $17 before 'marking...

  1. 19,112 Posts.
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    "Would have been nice if COL crossed above $17 before 'marking time' "

    Yes it would, I agree

    I suppose if it does that (or if it is strong enough to do that), it would likely just continue higher, perhaps not at the pace it would have if the broader market was actually strong, but it would probably continue 'grinding' higher.

    When I bought, I expected it could make 16.50 pretty comfortably (which is about 50%), and thought somewhere around 22+ was the likely mark up target price, which would be ~100+% from the obvious accumulation zone.

    That is still the expectation, but will likely need a more favourable market to get to those levels.

    cheers
    Last edited by Jako8557: 03/02/20
 
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