Wednesday, April 8, 2009

Adding Tech to my list of shorts.... Bought TYP at $34.58

Picked up a decent sized block of TYP (Triple short Technology) at $34.58

1600 on the Nasdaq is a brick wall and a lot of the momo's are up a huge amount today.

If 1600 falls I have an easy exit point without too much pain.

2 comments:

  1. Aren't you worried about the impact of the uptick rule reinstatement? Or is that a "sell the news"?

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  2. The last time they banned shorting it was financials and they fell 25% in the next week after the ban.

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