Bought Proshares Short (PSQ)

January 12, 2009

For those of you who don’t follow my investment activities here and here at Covestor, today I used roughly half of my US cash to buy Proshares Short QQQ (PSQ) at a price of $73.10.  As before, I am going to use Chandelier stops.

FJP

{ 2 comments… read them below or add one }

Dean January 14, 2009 at 10:24 am

Have you thought about doing the same for the Canadian market? Buy HXD …

admin January 14, 2009 at 11:32 am

HXD is a leveraged inverse ETF whereas PSQ is simply an inverse ETF. I’m not comfortable buying a 2X bear ETF right now.

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