Bought more shares of UltraShort Financials ETF(SKF) and UltraShort Real Estate ETF(SRS). There are rumors that the SEC will reinstate the uptick rule thus making ETF’s like these irrelevant. I think that these ETF’s are a solid option right now as financials have experienced a huge run up over the past month.
I sold off some of my Mittal Steel(MT) shares. The stock has risen over 24% in less than a week and I figured that it would be best to take some profits.
