I have always found it very difficult to time the market. I use to do the day trading thing but nearly died of a heart condition :) - so now I simply put the money in - once it doubles take 50% - that way I sleep so much better. I did this with SPQ - then when it came back down I went in again. So I am sitting in a very comfortable position right now.

Mind you I have friends who day trade all the time - they say they are making money. They also seem to be losing a lot of weight as well.

In the end to each his own I quess. In many ways I think how we invest is very much indicative of our personalities. It takes all kinds for the world to go around - so what ever works for you - works.

Someon just mentioned how they encouraged others to put a few dollars into SPQ - I did the same - problem is they are down some 40% or so - luckily I did inform them that they should do their own DD and I encouraged them to wait a bit before they did - just to see what will happen - they decided to jump in head first only to be down within the first couple of weeks some 50%! To the uninitiated in the world of speculation we have to be more than careful ensuring they are aware of the risks involved.

All the best folks in the coming week.