Stocks

fxpose · 11-26-2008, 03:35 PM

Ok......so I shorted the S&P 500 (SPY) at just under $89 before market close today. I figured since last Friday the S&P had a good run up of close to 20% so there's bound to be some profit taking any time.
Even if it continues to move positive come Friday my loss will be somewhat minimized since I have a long position of SPY at $80.

Has anyone else been trading or buying up mutual funds under these crazy market conditions?

11-26-2008, 03:35 PM	#1
fxpose Park Drive Smokehouse Join Date: Oct 2008 Location: Los Angeles Posts: 337 Trading: (0)	Stocks Ok......so I shorted the S&P 500 (SPY) at just under $89 before market close today. I figured since last Friday the S&P had a good run up of close to 20% so there's bound to be some profit taking any time. Even if it continues to move positive come Friday my loss will be somewhat minimized since I have a long position of SPY at $80. Has anyone else been trading or buying up mutual funds under these crazy market conditions?