The ultimate downside target for the S&P 500 has been achieved today.
While there is never any guarantee that the market will not go lower, very aggressive traders can go long here for a potential huge reversal on the day.
Please keep in mind that this is a very aggressive play, but by managing the trade with a close sell stop the risk can be very limited and the reward will be huge.
There also are a few stocks in the core portfolio that I will begin to remove the hedge from as well.
Thursday, August 16, 2007
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