Stock Pick by Joseph Bonanni

UUP: T-Bills

Start trading UUP with real money!

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Posted 108 days ago on 8/05/09

Market call:UUP will go UP
Target: $25.00 on 9/05/09
Current: $22.44 (-2.72% from time of market call)

I am gonna make this short and simple. Recent buy backs have altered the money supply putting downward pressure on the green back. The dollar has fallen pretty hard. To fortify the dollars position the Fed will begin to sell a new wave of treasury bills. If economic theory does not fail us you should see the dollar move in a positive direction. DO NOT EXPECT EXUBERANT MOVES. I would buy into UUP and have a set goal and sell off the position once your goal is obtained.

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