Tuesday, May 25, 2010

Doh!

Tried bottom-fishing for a few VXX shares after hours. Shares were trading at about 31.20. Wanted my VXXen at 30.99. Too bad I mistakenly typed in 31.99, a whole buck difference. When the order executed immediately, I was surprised. Then pissed.

The trade executed at the high end, 31.29. Still a low price for today, but not what I planned. Very small hedge against my small position in AAPL. If and when one has an explosive move to the upside, I'll be on board and hopefully slash the other with minimal loss.

21% AAPL, 11% VXX, 68% Cash. Toes are in the water, but defensive as heck. Or heaven.

Trample my Apple? We're prepared.

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