April 9, 2009

CONSIDER TAKING SOME PROFIT ON UYG ( ULTRA FINANCIAL ETF)

Our methodology added UYG on pullback in the range of $2.34 to 2.55. Now the average buy price is $2.50.

On today’s push up based on WFC (Wells Fargo ) good news, we are scaling out lightly right here at $3.15. for over 25% profit. On move higher, we will keep on scaling out while maintaining the core position.

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