Friday, March 6, 2009

Short Into Any Rally

Easier said than done. With the market getting so cheap, the temptation to long something is hard to resist. Did just that and the entire day became almost unbearable. It would have been a disastrous day if not for the late rally (all within the last 5 minutes before closing). It saved my day.

Still holding BoA and HSBC long for the weekend - this is not good as I just broke my own rule not to roll over any stock holdings overnight. But a re-bound is long overdue - there isn't much left to sell. Let's pray.

Ending Balance: €127,600

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