Tuesday, February 27, 2007

Bad time for a conference

So I'm at a conference and can't give the market my full attention. Too bad because I missed a doozie.

I already posted the fact that my SIMO position was stopped out today, which was a real downer. It sure sucks to have a 12% gain turn into a loss just because my broker couldn't process my order fast enough.

On the plus side, I reopened a sizeable QID position again. I did this just after the open. Although the QID was already up 3.5% I didn't want to miss a possible crash. Long story short, I easily made up for my earlier SIMO loss when the Nasdaq continued to go down.

I'm going to look to add more of the ProSHares Ultrashort on any bounce.

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