Saturday, January 17, 2009

Trade

  • I bought some FAS at 13.98 in expectation of rebound on Friday.
  • I forgot to post it about FAS trade. I didn't work my way. I am still keeping them. I should have put some stop loss on it and get out of them and buy them again at around 11.50. Lesson learned about stops. I think next week we might get some rebound because of oversold conditions as well as inauguration of new president. Hopefully.
  • I also shorted FAZ and quickly covered them for about $60 profit. Via put options.

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