Wednesday, January 27, 2010

I couldn't help it...

I decided to buy a hedge at the close. The chance at a break down in financials seems fairly decent.Lets roll the dice. Picked up FAZ (Triple short the XLF basically). Not a big position-bought at 19.18. We have two long positions that are positive, and figured I would protect some with The President's speech tonight. I got a 23 target on it with fairly tight stops.