12 August 2008

Sold Some UYG

A quick note: I unloaded approximately one-half of my position in UYG yesterday at $24.02. The cost basis for those shares was $21.81, leaving me with a gain of 10.1%.

The news this morning from UBS, Wachovia, and JPMorganChase has been pretty poor--I may soon have an opportunity to get back into UYG at my original cost basis.

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