well i didn't get much out of today but i did sell my SKF on friday, so that was certainly nice. seems like we should have a least a little negative day tomorrow, but who knows.
lost a crapton on shorting financials.. but at least i got out mid-aftn and ate the losses. made some back today. assuming there will be a pullback tomorrow
Still own DDM, TCK, BRK.B and SSO in a few accounts with trailing stops. My C just sold off today - hopefully not too early, but this was the news I was waiting for to get out of it. Sadly, my FAS sold off last week.
FAZ is triple leveraged?!? That's madness! I think I'll be steering clear of that one. I bought back into FNM at .70 last week, and made a bit selling it at the market opening.
What do you guys think about investing in BP? Their dividend is solid for the current stock price. I'm planning on getting in around the $37 or so.
When the computers decide to <i>Sell</i>, you have to go along with it. When the computers decide to <i>Buy</i>, you have to go along with it.
I never thought I'd buy something like FAS, but I thought the financials were so battered and the toxic asset relief was coming, so I took a chance that it would rise on the news. I think I held it for about 2 days or so and it was a roller coaster. If you don't have the stomach for 10-25% daily swings in the thing, you're not going to be able to handle it.