03 November 2008

Portfolio Changes

I made some portfolio changes on Friday so as to achieve a better mix of long, short, and cash positions. Click on the annotated charts for some explanations of the timing of my trades.

Bought ultra-short S&P 500 ETF (SDS) at $82.36.

Bought ultra-short financials ETF (SKF) at $124.76.

Sold 3/8 of my AIG position at $1.85 from a cost basis of 4.74375. That's a loss of 61%.

The Wedding Present - Ringway to Seatac

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