I sold LULU today for a 4% gain. I still like this stock, I'm just concerned that the market is headed for a correction. It was a year ago today that the SPY took a downward turn from $115 and didn't get back to that level until two months later.
Because of this fear, I then bought SDS for $22.88. The ETF that is short the S&P. I hope this trade doesn't work out. It's just a hedge to offset some losses in case the market is headed south.
The scoreboard after yesterday reads:
Jody's Roth IRA 6.61%
Ryan's Roth IRA 3.66%
10% Fund 1.48%
S&P 2.97%
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