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I am a Registered Financial Advisor with over 20+ years in the securities industry. I am also a Registered Public Accountant with Accreditation in Accountancy and Tax Advisory from the National Society of Accountants. I also hold several securities licenses having worked for some of the best... More
My company:
UCS Investment Co dba Maduro Capital
My blog:
All Things ETF
  • Hindsight or Foresight? 0 comments
    Oct 19, 2010 9:11 PM | about stocks: ROM
    Long day today. I woke up thinking, ok today is the day I am going to take some profits on ProShares Ultra Technology Fund (ROM). Nope! It didn't happen today. The DOW opened down 162 points and stayed down for most of the day, along with my confidence which went right down with it. Darn, I should've, would've, could've sold Monday, but no-o-o. I had to get greedy and wait another day.

    Ok, do I double down or wait until technical fundamentals improve? Of course this could be a short term pullback due to China raising interest rates today to control growth. I still haven't figured out why that would trigger a pullback in the DOW though.

    We will see what happens tomorrow. Stay tuned!



    Disclosure: Long ROM
    Stocks: ROM
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  • ProShares Ultra Technology Fund:ROM really has my attention. What a great performing ETF.
    Oct 15, 2010
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