Thursday, March 12, 2009

Trade Update - Citi

Markets were up again today, but Citi did not outperform the rest of the market like I had hoped. I would've done much better if I had just held onto UYG. As I mentioned, I don't want to be holding Citi long (too risky, even if it could easily go over $2), so I just sold it off near the close today for about a 15% gain.

Trades:
Sold Citigroup at 1.63 (bought at 1.42) for a 15% gain in 3 days.

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