SDS purchase

I purchased a 4.5% share of my account in SDS. This is a stock that tracks the S&P500. If the S&P500 goes down, SDS goes up, if S&P goes up SDS goes down. So you can see that I'm betting the S&P doesn't hold the gaines over the last week. I almost bought it on Friday, but waited until this morning. I bought it at 81.93 when DJIA was sitting around 7500. I'll probably sell it if the DJIA hits 6500 again.

The announcement that the governement is finally stoping the bailout at GM and Crysler is my reason. The auto companies have been mismanaged for a long time and it's finally coming to the end of the road and this will have a negative impact on the economy overall for the next few months at least.