Thursday, February 18, 2010

Trade Update: " AAA3 "

Well..It seems that "AAA3" or EDZ (Triple-Short Emerging Markets ETF) is not working well right now. We are going to hold the trade as we are approaching major resistance. Our purchase price is 6.05 and we are down about 10% in it thus far. A perfect case of getting run over. The upside move in the markets caught us off guard. It was pleasant for our accumulation program in SIRI; however, our short position is getting hit hard. stay tuned......