Bookkeeping: Starting Ultra Russell 2000 (UWM) as New Position

This is the opposite of our friend from inception Ultrashort Russell 2000 (TWM)

It is double long the Russell 2000 - instead of jumping back into 25 stocks in scale it will be easier to just use this instrument for trading purposes as I sip on my Kool Aid and tell you, that was the intermediate bottom.

We have a 6.0% stake. Now we need to see fear turn to greed - at least for a week. ;)

LIBOR overnight rates plunged today but no one cared - I think it might matter more Monday.... we shall see - if wrong it will be easy to get out of. Just like the Ultrashorts I won't post every trade on this one but since this is a brand new position and we'll use it as a hedge (except on the long side) I am posting the initial buy (in $24.80s)

If we lose 5% here in the last 10 minutes, I tell ya .... I was wrong ;) But if I know greedy capitalists it does not take long for them to jump on because of fear of missing "THE REBOUND"

Long Ultra Russell 2000 in fund; no personal position