Sold Into The Pop

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October 8, 2008

I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm this afternoon.

Its been the worst 2 days in a long time for me, but its only two days. The rest of the year is in front of us, and there is opportunity once, today is over.


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