I do not want to sell UYG at this level. There is so much upward potential in coming new year. Today's and yesterday's gains were made mostly by short covering. But new institutional money will flow in to financial stocks in the new year. Just be patient.
Not necessarily the best time to sell. Pretty much every stimulus package talked about will involve the financial system and, just like the autos, the talk should help provide support to the sector and probably a speculative boost.
me too... and I didn't want to but the gains the last couple of days sealed my fate. I'll be back early in '09 for a build towards the bigger catalyst after Q1 - Financials will be THE story in a matter of weeks/months (imo). Good luck to all for next year and thanks for the entertainment during this miserable/historic year.