20 April 2009

Portfolio Changes

I wrote yesterday that I would be "ready to sell if some quick-and-dirty profit opportunities come my way."

As Snagglepuss says, "Exit, stage left."

A few moments ago. I unloaded my FAZ position at $10.87, from a cost basis of $8.85, for a gain of 22.8%.

Yes, FAZ has continued its run, crossing $11/share as I write this, but again, the FAZ purchase was for a quick trade, unlike my improving TZA position.

No comments: