Tuesday, March 10, 2009

Trade Update - UYG

Huge market rally today, led by the financials, averaging up 8% as of now (mid-day). Citigroup up 36%, Bank of America up 28%. UYG up 21% so far, so I exited my position, even though I think the rally may continue tomorrow.

Trades:
Sold UYG at 1.85 (bought at 1.53 on Thursday), for a 21% gain in 5 days.

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