Thursday, April 10, 2008

52 Week High, Year to Date High, All Time High Week 15 update 3: 2 Day winning Streak.

Gain $58

Well the broader markets may have suffered losses but my portfolio still continues to make gains, although today's gains were moderate. At the close of the market the portfolio was up $132, but after commissions from selling off my other positions (the ones mentioned in the previous post) the true gain was only $58 (better than a loss of 58). I will continue to sell-off positions and begin to revert to my previous strategy of buying puts on equities, because I believe that equities are overvalued when viewed in a time period of 3-6 months, even in this SLIGHTLY bearish environment.
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