Wednesday, January 28, 2009
Today's Consolation Prize
Bought some FAS last week in two separate accounts. One account, containing one third of the holdings, had a cost basis of 8.08. Sold it today at 11.98. The other shares have a cost basis of 9.50. The gap to 12.78 did not close today, so there must still be some upside momentum somewhere down the near-term line. I hope so anyway. The plan is to exit while the market is up and then pile back into the short ETFs. Maybe I can time the next ride down in a way that maximizes profit. We'll see. I also have SRS (commercial real estate short EFT) and commercial real estate is looking shitty. That ought to pay off, too. The main question in swing trading is WHEN. Timing is everything. Mine has been reasonably good lately. I hope it keeps up because I really need to feel successful at something right now.
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yeah... I have no idea what all that means... but it sounds good I think. Congratulations?
ReplyDelete-else
Yeah, it's pretty good, but the job is not yet complete. I hope I will make good decisions with the rest of it. Thank you for commenting, Else.
ReplyDeleteYou're doing good girl! I had a sell order for 11.97 and then changed it to 11.80! Aaaaaaarg! But still, that was a 2 buck gain and I can't complain about that.
ReplyDeleteJust wish I'd have dug into some FAZ at the end. But I rather buy the dips until SKF gets to the Holy $100. :)
Well done!
ReplyDeleteThank you, K.
ReplyDeleteGood sale, Amanda. I think somewhere near 100 is a good entry point for SKF. It could get there again next week. I sure hope so anyway. I still need to unload the rest of that FAS and jump ship over there.