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Reply to @bee: CHY's 13% decline in May/June would steer me away. Prefer HFRZX which is this year's PONDX in that the past 12 months it has been one smooth ride up without a 1.2% decline. Yes, I know, 2008 was ugly, that is why you use a 1.2% exit point ( a stop greater than the worst decline over the past six months ) from any high. We saw how well the 1% exit point from highs in PONDX worked this year.
Comments
wallstreetdaily.com/2013/08/13/rising-interest-rates-2/print/
Article written in Aug 2013...Here is CHY for further review
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hfrzx&insttype=&freq=&show=
Thanks Junkster...can you chime in a little further on your "sell stop" strategies with these investments.