SPDR Portfolio Short Term Treasury ETF T.SST.U

Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.

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SPDR Portfolio Short Term Treasury ETF > Comments on today's SST firesale

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Comment by MontyHighon Jul 09, 2008 10:14pm

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Post# 15276133

RE: Comments on today's SST firesale

I wish the selling was over, but we'll only know when the volume dries up. That certainly wasn't the case at the close when I bought this afternoon. I'm kicking myself for not waiting until later. The next support on the chart is at $1.75 and it could happen given what happened to IPT.V when Casey withdrew its support.

That's twice in the last two week's I've tried to catch a falling knife because it was so undervalued without looking at the chart (GSS and SST.V).

So, I'd wait until the volume drops off to buy (unless you want more than a few thousand shares).

Monty

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