The Retreat Continues – Selling QID

Asset reallocation in action

Looks like I was too soon on calling the bounce over. Despite today’s market retreat, I have decided to call time on my Nasdaq 100 short (the QID ETF). Sold today at $67.62 (about £40.02) – a sterling loss of about 5%.

I’m still holding my short real-estate play (SRS) though.