Today’s Transactions:
Closed DRYS averaged at $73.75
Reason: The stock has moved up by more than 15% in the last two trading sessions. Simply book profits and wait for the next entry opportunity.
Closed SKF averaged at $97.98
Reason: Financial sector is probably among the biggest beneficiaries of the latest Fed interest rate cut. Although I expect a near-term pull-back, I close this position along with DRYS above.
Today’s Return: -0.16%
Return YTD: -23.44%
S&P 500 Return YTD: -6.12%
My positions:
PG
UTSI Jan 09 10 Call
SOHU
ABX
POT
DKS
EEV
SRS
FXP
CAL