I added 100 SKF Financials Ultrashort today. This is basically an "electronically traded fund" when the financial companies share prices fall, its price goes up.
The rally in the financial companies over the last few days took the price of skf from 210$ all the way down to a support point today at 131. I bought a 134.75 ish.
Im gonna slowly add to this postion over the next few days weeks, SKF is a real money maker but you gotta get the entry and exit point right otherwise it can bite you on the arse if it reverses on you. I'm looking at a three month trade on skf, right up to the next earnings season.