Took my Disney and Yahoo shares off the table early in the day. (Before I fell asleep for the final five-plus hours of the session.)
Sold YHOO @ 29.90
net +1.51 (+5.3%)
Sold DIS @ 32.65
net +1.45 (+4.6%)
Wasn't happy about losing some gains on Disney at the open, but it was the right move as the market swooned. Dow down 171 (1.4%) and Nasdaq down 41 (1.7.%). Both held up rather well: YHOO closed at 29.96. DIS closed at 32.30. Still like them as trading vehicles. Just not in this environment. Market was due for a selloff.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment