Friday, June 25, 2010

Protecting Contra Profits NOW

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Given that
  1. it is Friday,
  2. the G8/G20 folks are meeting
  3. the FinReg folks are causing all sorts of discontent
  4. the major indexes have started lower the last few days, bottomed, then moved upward
  5. my 2-4% gains are eroding
I have placed limit orders to close my contras and secure the gains.  1-3% over 3 days is a very nice return, especially on an annualized basis.

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I'm not responsible for your decision to trade.  Do your own work please.

Regards,

pgd