Friday, December 05, 2008

TGIF Triple the Fun Reminder

$BGU is the 3x large cap bull ETF. It had quite a day.

Today's market swooned early, with the jobs news or whatever, and then made a remarkable turnaround, during Melissa Lee's Powerlunch or whatever, to finish 3.65% higher for the day.

The SP500's range today was 818 to 879, and closed at 876. From the low to close, the SP500 rallied just over 7%.

Child's play. Investing for babies. Why even bother? Might as well just bury your money in a tin can in the backyard.

What about $BGU? BGU closed 10.17% higher for the day. But that's not the whole story. That leaves out all the fun. $BGU's trading range was from $27.40 at the lows to $33.80 at the highs, and closed at $33.38. From the low to closing price, $BGU rallied 21.8%.

I hope you were on the right side of that one and got in $BGU at $27.40. Nice play!