Saturday, October 20, 2007

half in cash

now is not the time to buy new stocks, give the market some time to work out the current roller coaster ride. Any stocks currently held should have a trailing stop of 10% draw down to preserve capital. most of what is performing well right now is ETF's with the following symbol's within their stock name ----ultsh--- or ----ultst---- example
(ticker symbol for ProShrsUltShR2K is SJH)
(ticker symbol for ProShrsUltShSC6 is SDD)
(ticker symbol for ProshrsUltSt500 is SDS) there are over several dozen of these type of ETF, now you get the Idea. these stocks do well when the rest of the market suffers. great place to pick up some fast short term gains when the market is in a down turn