Friday, September 11, 2009

Feeling Bearish on a Friday

Bought SDS at 41.29 at around 10:00 EDT

-- SPY Over trend line
-- 7 consecutive days of gain
--- Weekend coming up, people going into cash
-- News neutral

Sold SDS at 41.72 at around 1:45 EDT Net profit of 0.43 per share (before commissions)

SDS went as high as 42 in the morning, some sort of trailing stop might have made sense

1 comment:

Heidi said...

News neutral?