04 March 2008

The Wait Is Over

Sell Mortimer, Sell!

Patience paid off as I finally closed out my remaining positions in DXD and FXP. I didn't sell at the deepest troughs of today's action, but I profited nicely, posting an 8.3% gain on the DXD sale (sold for $59.00, from a basis of $54.48) and a 12.7% gain on the FXP sale (sold for $95.55, from a basis of $84.80).

Buy! Buy! Buy!

I did buy at close to the bottom of today's trading, going long on both the Dow and the NASDAQ. Each was extremely oversold at midday. Picked up shares of DDM at $69.90 and QLD at $65.73.

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