Erosion, like rust, never sleeps…

090623

090623fre

We bailed on C and scaled out of most of FRE.  The ability to set a stop and honor it is what distinguishes successful investors from those people who lost 43% in the great Bush bear market.  The profits on these trades ranged from 10 to 73%.  As we said when we bought them they were lottery tickets.  The markets are looking iffy at this point which is another reason for exiting.  Meanwhile our trades in F and BAC and even AIG are scandalously profitable, and there is no reason to exit them.

Next PostRead more articles

This Post Has One Comment

  1. marvinho78@hotmail.com

    anyone still long the USD? the currency market is very difficult lately. Been a bunch of sideways stuff lately. from the charts there are big downbars and big upbars….off the low put in on jun2 on the Dollar index…

Leave a Reply