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Post by cosmic on Sept 20, 2010 14:40:33 GMT -5
A number of transactions today including paring profits in 3 funds: BMEAX FIIAX ITHAX
All of these are longer term holdings and I'm practicing safe investing by leveraging out and in. These were profit sweeps, not liquidations.
The effect is to bank cash, reduce exposure for a pullback, and increase leverage capability. If the market does not pull back, that's fine as well, I will continue to reduce exposure.
Also covered a very small number of FAZ short shares at 12.50, still hold a ton. Fredo if you want 'em, go get 'em ;D
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Post by cosmic on Sept 20, 2010 14:42:16 GMT -5
One other, I dumped some APWR, yes, near the bottom. 50% loss. Only trading shares, still sitting on some in LT accounts also at 50% loss. Will redploy cash elsewhere (like my refrigerator ;D )
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