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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| WAMUQ | Banks | -96.71% |
|
8 | 25-Sep-08 | Currently Holding |
31-Jul-08
out of WM early
Holding Rationale for WAMUQ.
Like I mentioned the spike in oil left me terrified and I got out of my longs on the spy and WM on the open today (7-31-08).
was it early? oh yes
was it the best fill? hell no
would I have left it for hope to exit at a better price while ignoring a clear signal that oil is lifting off? no way!
I guess we kept creeping up today (7-31-08) because nobody was exactly clear on what's going on like they were when we bottomed, then retraced - its all in the chart - notice the very clear intraday trends of straight up and straight down days in the last 3 weeks.
100% in cash, waiting to see what happens here till next week, this should be an interesting divergence if the spy/banks keep creeping up ALONG WITH oil.
Posted at 12:40 in Holding Rationales | Permalink | Comments () | Top
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