Today’s Trade: SKF

Well, I finally gave in. It’s just too tempting. I had to short financials today. I took a hard look at MER and LEH, but decided to go with the “ultrashort” financial ETF. I still am not willing to make any big bets, so I went with a small 100 share position size at $115.73.

At the moment, this is my only position. I am still waiting for a big bounce to initiate shorts.

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