Tag Archives: frn
Pruning for the downwave…
Posted on Jul 02, 2009 by WHC Bassetti.
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We sold AIG, scaled out of FRE and FNM. Profits ranged from 5 to 30%. Our Ford profits are in the 300%+ range and our BAC profits are also exorbitant. We are still long platinum with about 25 or 30% paper profits. We’re glad to be out of gold and silver. But we’ll be back in. Stay tuned.
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Noted technical analyst WHC Bassetti has over 40 years' experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Ninth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.
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