InvestorsHub Logo

Frank Pembleton

02/25/09 3:57 PM

#18385 RE: Frank Pembleton #18384

SPX is going back into the shit hole...?

--what an ugly close.

ItsAllCyclical

02/25/09 4:06 PM

#18386 RE: Frank Pembleton #18384

I haven't spent a lot of time w/it. Thought the SPY had more ST upside before petering out. I may be wrong here. Will find out real quick tomorrow. I do think GE will outperform the SPY for the next 1-3 months. Beyond that hard to say. Better hedge would be to go long GE and short SPY in equal amounts. Might do that trade...hmmm. Right now small $$ wise trade as my confidence and time frame are both shorter. DZZ worked nicely though. TD had some GDX for shorting as well.