Monday, September 22, 2008

Sold Financial Spiders

I was expecting some follow through rally with the financials, but that didn’t happen. I sold my Financial Spiders (Ticker: XLF) today at $21.51 generating a return of 23.7%. Right now, I’m going to sit back on the sidelines. I do not like the SEC restricting short sales on the financials. If financials can’t even go up with this restriction, what’s going to happen when they lift it?


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