Tuesday, July 19, 2011

Take Profits 7/19/11

I have started executing my portfolio management plan, that I have been writing about in the last few weeks. If I had jumped in totally, it would have been just fine but why discuss coulda, shoulda, woulda.
- I closed my long position on FXF (currency ETF Swiss Francs) and took a little profit over the last few days that I had the position open for.
- Also my call options on HOG popped. HOG of course has nothing to do with pigs other than it is the ticker symbol for Harley Davidson. I had those for about three days and am happy to ring the cash register and not be too greedy.  I placed a sell limit order for ½ the position to take profits.
- I am still long on OIH and VNQ positions that I entered a couple of days back on the pullback.
- As I have mentioned before, my 401K positions are reviewed about once in 5 weeks and I do not intend to change those till next month.




Attaching my chart on HOG



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