About twenty-four hours ago, I did a post suggesting XLU as a short. I entered a massive, short position on this bad boy.
I took profits this morning immediately, only to see it keep falling. Suffice it to say, the suggestion (red arrow) was very well timed, and frankly I bet those hanging on to this short are just going to keep printing cash.
Ya know, the dollar per day it costs in membership access isn’t a bad value considering trades like this. I scored a $6,000 profit overnight on this beast, and the only shame I have is that, as usual, I covered too soon!
TAKE MY TICKETS! I have two third row tickets to see my favorite musician in the world, John Wesley Harding, in Novato (SF Bay Area) tonight, but with Duke in the house, I’m not comfortable going. If you live in this area and would like to go, drop me an email (premium members get priority) and I’m happy to give this pair of tickets to you as a gift, since I would hate to see them go to waste – – plus, I would love to share Wes with you!
