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if you can be near a computer on the 1st of august then i would "buy". but keep an eye on it. I think aug 1st is going to be one hell of a ride.

YES, if you are buying to hold long, because in the long run your average price paid will not vary all that much. Yes or No if you are selling short on up days and holding on down days. The Yes or No answer is based on your risk tolerance.

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