As regular readers know, I am held hostage at Principal Financial Group (home of the World's Worst Self-Directed Brokerage ™) until mid-January, at which time I shall gleefully flee and put the entirety of the funds into a hedge fund for which I happen to have a lot of respect.
Until then, I'm stuck trading – God help me – mutual funds. After my dashing escape from DZZ (with, incredibly, a profit, last Thursday) I've been in all cash waiting for the right opportunity to move into my fund of choice.
As of last night, I've put 100% of my 401-k into UCPIX, the ultrabear small cap fund. Principal, ever inventive, actually found a way to muck up this trade too, but I shan't bore you with the details. Suffice it to say I am "all in" UCPIX with a target exit of about $8.75.
