Dan,SPX gaining 9.5% from the intraday lows just 3 trading days ago does indeed count as a really big bounce for me. And it has been a welcome relief, albeit dampened somewhat by the fact that my major short positions are all going into orbit right now (APOL, EBAY, GILD, ZMH). I was also short TLT, the 20+ bond fund, but I needed to unwind some leverage and ended up losing a little bit of money on that one after commissions and a dividend payment.I was traveling and out of commission last Wednesday when the VIX broke 40, hence missed a trading signal I usually always take. I was also traveling and out of commission during Jan and Feb OE, much to my detriment. Thankfully it's spring break here in Minnesota and I can follow everything into Friday's OE.Even though I know I shouldn't anchor on purchase price, it's really tough not to. And sometimes it takes a major event like a 15% loss to wipe the mental slate clean and start over. This weekend I wiped clean and started over. Consequently, I lightened up a little bit today. But I'm still holding plenty of stuff that I'd buy today at today's price, even knowing where it's been. So yeah, I think this turnaround still has some legs to it.Todd
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra