| Trade Date: | |||||||
| 3/11/2008 | |||||||
| EST | Buy | Sell | |||||
| Position | Time | Type | Price | Average | Price | Type | P/L |
| 1 | 9:30 | close | 1276.00 | ||||
| 0 | 9:31 | 1303.75 | SF1 | $1,387.50 | |||
| 1 | 11:50 | BE1 | 1289.25 | ||||
| 0 | 2:05 | 1301.75 | SF1 | $625.00 | |||
| -1 | 2:49 | 1308.75 | SE1 | ||||
| -2 | 1312.25 | 1315.75 | SE2 | ||||
| -2 | 3:36 | close | 1323.75 | -$1,150.00 | |||
| 6.39% | $862.50 |
Summary:
Today's P/L was $862.50; for a 6.39% gain
We entered the day long and sold 1 after the open. We then bought 1 and sold 3.
We conclude the day short 2.
1 comment:
Biggest Stock Rally in 5 Years.
But don't get too excited. The rally was because the fed took your (tax payer) good money and agreed to buy $200 Billion of worthless junk mortgage paper from banks that should have had to write it off themselves or shut down. Now we own this worthless paper. Another government bailout for people who made irresponsible decisions. And what happens? The dollar goes down even more, oil and commodity prices go up and the government owns $200 Billion of mortgages that are probably going to end up being worth nothing.
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