Monday, September 29, 2008

Serenity now!

One week ago today I was selling the last portion of my SDS position in a three-day sale that spanned September 18, 19 and 22. Congress announced the possible bailout plan on the afternoon of the 18th, causing the market to rally 10% and significantly cutting into my profits on the following two days.

Now the bailout has been rejected by the House of Representatives, and in response the market is falling to where it woulda- coulda- shoulda been on the 19th and 22nd. SDS rose 14% today, just 5 trading days after I cashed out.

Serenity Now!!!

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