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Non-Tech : Banks--- Betting on the recovery
WFC 86.12+0.1%3:59 PM EST

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To: tejek who wrote (907)5/11/2010 9:27:19 PM
From: Hawkmoon  Read Replies (1) of 1428
 
It was bizarre. Last week esp.

You think you had it weird??!! I was trading TYP, which is an ultra-short ETF and it fluctuated between $9.50 and .15 cents. within the course of 10 minutes.

I also had been distracted at the time and when I returned it was trading $5 below where I had bought it. Fortunately it stabilized above my entry price and I made a decent profit. But now I can't feel comfortable trading it because the chart is too messed up.

But just couldn't understand why ANY ultra-short ETF would have traded near zero. QID had a 15 point swing as well.

Hawk
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