Perhaps, but IMO URE will not make it back up to the same level when the S&P hits 900. If you look at the 6 month chart, URE is beginning to flatten out. while it's still volatile, some of the short term wild swings are beginning to disappear. It might go up to 4.30 again ( I certainly hope so.. I'm holding 7500 shares right now) but I think the upper 3's are more likely before the next down turn.