Where is the Dollar heading? Part 1

Trade Update: PWE

9. January 2009• Stocks, • TradingPhantasmix Tags:  2 comments

I covered (PWE: 19.51 -0.76%) yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on the blog I thought “Well, I should execute my plan since it’s public!” That’s like reverse noise. I won’t let the blog control my trades, I won’t let the blog control my trades :)

Decided against holding the short, because:
- it’s very boring
- wouldn’t have made much anyway
- the stock was up on a day when oil was down (very uncharacteristic, worried me)

Boring and profitable would’ve been okay, better than exciting losses, but this was just blah.

More on this topic (What's this?)
Is Penn West Energy Trust Still a Good Dividend Stock? (NorCalSavant, 1/1/09)
Penn West Energy Trust Update (NorCalSavant, 11/7/08)
Penn West Energy dropped from Income Portfolio (Investing Thoughts, 11/28/08)
Read more on Penn West Energy Trust at Wikinvest

 


Related Articles

  • No Related Post

 


2 comments:

  1. TSS, 9. January 2009, 8:44

    Ha, totally get the reverse noise thing. I still think the market just sits around until earnings. Until then I am sitting on hands.

     
  2. Phantasmix, 9. January 2009, 10:44

    Shorted SSO at the close yesterday. Covered just now. First profit in what feels like weeks.

     

Have an opinion? Leave a comment: