SPDR S&P 500 (SPY): Man... you gotta love that up/down/up fe...

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learningboutinv

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learningboutinv

Re: omandan post# 29407

Wednesday, 10/31/2007 3:03:41 PM

Wednesday, October 31, 2007 3:03:41 PM

Man... you gotta love that up/down/up fed move. I've been holding MVVs since the drop on 10/19. Bought in sometime around 2 PM that friday and the market was still moving down. (Sure was scared since I bought like 600 shares of MVV). Anyhow, I sold 1/2 today at 92.75 and now I'm kicking myself. It's at $94 and it'll probably be on it's way to testing recent highs, 97.5.

Moral of the story: Never bet against Big Ben.

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