Profunds index and sector trading

[was Steve]

well this week went exactly the opposite way i needed it to go to save the quarter. probably one of the most frustrating quarters ever as i was only green on the quarter for 2 or 3 days and it ended up down an ominous 6.66%. knocks the annual down to 17.12% which is only beating the spx by a paltry 10.10%. Historicially i show a 20% excess return over the spx at years end. Q4's have not been good for me historically either so this may end up to be a VERY frustrating year or if my Q4 luck changes a decent one. thoughts of the 70% return are no longer reasonable for 2006. 50-60% would be a goal and stretch goal now.

business is booming. I didnt think it was possible to work 14 hour days continuosly and not die. I couldnt continue it anymore and thus have hired help last friday and have more coming in january as I have made arrangements with my niece to move here from NY in January which will mean i will have time to have some fun and post more. im on track for rookie agent of the year and an unprecedented #3 in the overall agent of the year category. There is even a chance i can get to #2 but, #1 would be classified as a very low probablility event as he is a long ways out in front.

Hope everyone is doing well and for those of us that are short (including moi) may the market do some tankage next week and get this quarter off to a good start at least. I started of last quarter down 14.83% by the end of the third week...not something i want to re-live as i could never get out of the hole all quarter.

off to work now!

Steve