Intra-day Update November 21, 2008

INTRA-DAY VIDEO UPDATE: I created a special video to show you how I ‘hedge’ my positions with SDS (the Ultra ProShares ETF). Click here to download

Important: As the stocks (or etf’s) I’m buying move higher I sell off my SDS position slowly. If I feel there’s ‘overnight’ risk I add to my position in the SDS. But as I mention on the video the yield on the UYG and URE is huge and so I get paid for waiting (30% for URE and 11% for UYG) for the market to rally. There’s no guarantee the dividend will always be there but there’s so much negativity right now that sometimes it pays to be contrary.