Monday, March 09, 2009
An Aggressive Flattening
This morning I did something I seldom do.
I wiped out my big positions.
I sold my GE and I sold my SRS - at 7.80 and 98.57 respectively.
I've had a spectacular run this year and just want to hold on to the dough.
Also, the daytrading is too good to be saddled with positions.
The SRS, as much as I think it could go to 200.00, was making me nervous. Hopefully the market will rally and I can re-enter at better prices.
I really just wanted to dump SRS, but since I let that out, I couldn't justify holding the GE.
You watch, the SRS will close at 120.00 today. But that's okay. I had to do the prudent thing.
Note at the exact moment I dumped it, Atilla Demiray bought it!