20 February 2009

Portfolio Changes

Again, Fozzie (FAZ) overstayed his welcome, just like last time. I invited him back into the portfolio, thinking I would swing trade the disintegrating financial sector. That didn't work out quite as expected, as shown in the following charts of XLF and FAZ:





I didn't get a chance to swing trade, but I did lock in some nice profits today.

Sold 305 shares of FAZ at $83.98, from a cost basis of $61.38, for a gain of 36.8%

I also sold off 200 shares of my 3X bear Russell 2000 ETF, TZA, at $75.055, from a cost basis of $71.48, for a gain of 5.0%

Bye, Fozzie. Thanks for the gains. I bet I'll see you soon. Don't forget to say hello to your other pig friend.

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