Late this morning my position in the UltraShort Financials ETF (SKF) hit its stop loss and I sold the position — I had a stop loss in position at 8%, and sold the shares today at about $132.50 mnhjbv (that was an 8% drop from the spike up we had at the open this morning […]
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I opened a small position in the Ultrashort Financials ETF from PowerShares (SKF). This ETF returns 2X the negative return of the financial sector index, so it’s a leveraged bet that the financials will continue to fall. This is really a speculation that the collapse in the financial stocks will continue, and that shoes will […]
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The only skf (Skyfii) is on the Australian market currently under 34 cents...