Yesterday I got stop out of FAS for a small -2.7% loss on the position. The position only represented ~2% of the overall portfolio so the lose was small.
I should note that after being stopped out, financial stocks (which FAS tracks, with leverage) took off to close up ~5% from where I sold it. DRAT!!
In other news, I'm think up up some exposure to two sectors, US Financials and Brazil, via the XLF and EWZ ETFs. I'm not ready to pull the trigger yet, as I'll probably be looking for a good entry spot.
Wednesday, January 20, 2010
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