Macro Tsimmis

intelligently hedged investment

SELL PowerShares Water Resources (PHO)

Posted by intelledgement on Tue, 11 Nov 08

We are hitting the silk here—at a loss, to boot—not because we don’t like the infrastucture/fresh water scarcity story long term, but because we like the dollar more with deflation looming…and we expect to be able to get more shares of PHO for our money down the road aways.

Previous PHO-related posts:

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: