22thoroughbred

Why I'm Committed to the UltraShort Financials ETF

I bought and have traded SKF very successfully for the last 4-6 weeks, I originally bought at just under $100, continued buying in $5 increments to $125 and started selling at $160 in $5 increments, sold my last 100 on Thursday at $178 and when news came out about Fannie / Freddie on Sunday I was glad to have been out, expected a big rally, none happened and than it hit $223...but with 15-20 point spreads each day, what a wonderful trading stock in my IRA. I gotta say though, I saw $150 as a top, did not expect $200