03 April 2009

Portfolio Changes

Added to my 3X-short Russell 2000 position at the close, picking up additional shares of TZA at $39.875, bringing down the cost basis of my position to $40.53.

I prematurely sold off 40% of my FAS holdings at $6.61, from a cost basis of $5.79, for a gain of 14.2%. Considering FAS closed today at $7.20, I left cash on the table, but I'm still pleased that my remaining FAS position did so well on such a relatively quiet market Friday.

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