Friday, March 12, 2010

Sold MU $10.25 & bought VXX $23.90

Sold my entire position in MU @ $10.25 HOD so far to book quick profit...

Bought VXX @ $23.90... a bearish bet in market......

Portfolio is APWR,IAG,SLW,VXX.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Saleem,

It was a good move on MU for a quick profit. I sold my entire position and wait. I was too greedy for the last $$ on previous round and ended up lost instead of gain. I agree with you that at this level, protecting gain is a wise decision.

Michael

Stocks100 said...

Hi Michael,

Thanks for your feedback.

We are wise to pay attention to risk/reward ratio all the time.

When market goes down..everything goes down......

Good luck on your strategy !!!!

Saleem