Great Trades

Great stock trades based on fundamentals and technical analysis.

Tuesday, March 10, 2009


Took partial profits

On today's huge rally (particularly in financials, which moved up over 15% today alone), our trading model has taken profits on half of our long exposure. With yesterday's add, we were very heavily long and are happy to take nice profits in this difficult bear market to get to a more appropriate allocation for a countertrend rally in a brutal bear market.

GE and BAC in particular had very nice moves in just 3 trading days, with GE moving from the upper 6's to the upper 8's and BAC moving up over 50% from the low 3's to the upper 4's. HIG also had a nice move today, up over 25%.

Open Positions: 20% long S&P 500, 5% long financials, 5% long GE, 3% long HIG, 3% long BAC, 3% long PTV, speculative traders long financials an additional 20%, long an additional 10% S&P 500, short gold to hedge.

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