Well, that's why I've called this initial stage the easy money. Sold that position at the beginning of February this year around 3.75 and that 1.29 MFL at the same time for 9.25. If we get to the stage where 380 is support instead of resistance and can even blow by 425 then we'll be into the big money with lots of liquidity for trading. When you're trading and they're going your way, that's the time for margin, although I never get into it for more than 60%. As for ETF's, I remember when a friend got into some REIT's and other royalty trusts and shortly thereafter an ETF was created. My comment was to watch and in about a year, if these types of equities prove to be just another type of Ponzi scheme, the pros will be using the ETF to hide their real activities and intent. So for me, they are the best vehicle to short a sector whereas if I'm confident in a sector, I'd rather pick em individually when they're on the upswing.