SwampCotton

Friday's Turnaround: Raid on the Shorts

The move on Friday was so fast that I was paralyzed at my terminal. My position of 400 shares of SKF, the UltraShort 200% inverse ETF of the fanacial sector went from $16.86 to $7.75 in seconds. I'm down nearly $3,500 in that short time span. Can I get some insurance from AMBAC after the fact to cover my indiscretion? In truth, I think I will be back in the money by the end of next week, hoping for some "inappropriate" rumours from CNBC.