Thursday, April 9, 2009

Massive Rally!

Sorry, was out all day on the golf course, but the beauty of technology allowed me both play and trade at the same time... I'm afraid of a little pull back next week and ended up dumping all of my positions except for NFLX with an overall portfolio gain of $2,104 today.

Unexpectedly very strong earnings from Wells Fargo spurred a massive rally today. DJIA closed up almost 250pts. Stupidly, I had a limit sell order from the other day on my JPM position at $29.05, so I missed out on an extra $1K, but it's a good lesson learned. I still made $570 (4.1%) on the trade. WMT actually missed same-store sales numbers and dropped almost 5%. I dumped it at $50.78 for a loss of $600 (-3.8%). I sold AAPL after the market closed today at $119.72, a gain of $477 (4.6%). I also executed a small day trade on FAS for an extra $220. I sold GS in the am at $120 for a nice gain of $465 (4%). NFLX was another big gainer (I'm up over $1k on the position), but I'm going to hold on to it for the time being.

The question is what's going to happen on Monday? We'll deal with that next week...

Since April 6:
  • Today's Portfolio Move: + $2,104
  • Total Unrealized Gain/Loss: + $1,072
  • Total Realized Gain/Loss: + 1,026
  • TOTAL NET: + 2,098

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