Earlier this year, I speculated on an arbitrage opportunity in a company name Image Entertainment (DISK). I wrote about it on another blog.
I initially bought 1000 shares of DISK at $1.10/share back in April.
At the time, DISK had a buyout offer which would have paid shareholders $2.75/share, but because of the credit crisis, the [...]
Just bought 1000 shares of Ultra Financials ProShares UYG at $3.40/share, for a short to mid-term trade. This ETF seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Financials index. The fund normally invests 80% of assets in financial instruments with economic characteristics that [...]
If there’s one thing 2008 has taught us, it’s that that both the economy and markets are dynamic, and that the concept of risk management shouldn’t be taken lightly. If we are to manage our finances and investments successfully, we need re-evaluate our positions consistently, change when change is needed, and stay the course when [...]
I don’t know anyone who isn’t happy to see 2008 come to an end. This full year of being in a ferocious bear market is taking it’s toll on our psyche, and it’s not only financially draining, but emotionally draining.
No one likes to experience or continuously read about the unfortunate consequences of unemployment, foreclosure, government [...]
It’s stock price just reached my limit order for Chico’s FAS (CHS) at close of market. I now own 1000 shares at $1.75/share.
I’ve been following CHS, and the apparel sector, for a few years. As a matter of fact, it’s been almost one year since my first post about CHS and about six months [...]
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Sold Ultra Financials Proshares
Instead of writing a new post whenever I sell a stock, I usually write any follow-ups in the comments section of the original post because it makes it easier to follow what I do. But, I have some commentary about UYG that was just too long for a simple comment, so I’m writing another post.
I [...]