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the Dubai correction- the next great buying opportunity?

Mrben

27 Nov 09 03:35

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Date Joined: 25 Oct 03

| Topic/replies: 5,929 | Blogger: Mrben's blog

Following the 3% plus european markets rout does this correction presents a great buying opportunity OR will it start the next major fall in markets?
My money is on an overreactive fall followed by a "why does that matter?" rally sometime next week.
I will be buying into this correction.

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Report Gooseman • November 27, 2009 8:24 AM GMT

you aussie posiion alright mister ben? genuinely hope you got out

Report Mrben • November 27, 2009 8:58 AM GMT

lol goose yes i got out.I was expecting a stockmarket fall as I mention in another post here.Maybe not as big or quick as the dubai one.I dipped back into the aussue at 89.98 just now for contracts..Also bought gold near the low at 1143.2 8 contracts but already sold at 1155.20

Report chisel • November 27, 2009 9:27 AM GMT

Sounds like you have the Midas touch Mr Ben!

Report Mrben • November 27, 2009 10:11 AM GMT

i dunno about that chisel, i shorted gold last night at 1191.1 and bought back this morning at 1183.9. six hours later it dropped 40$!!!!

Report DonWarro • November 27, 2009 12:17 PM GMT

stop playing the broad markets and start playing sectors instead would be my suggestion. financials sector in particular is going to continue to weigh heavily on everything else.

and re gold, i think you know that dip is temporary.

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