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On October 30, 2008, my position in PSPT was liquidated when the company was sold for $12.25 per share. This is a 45.8% loss from my purchase position on January 24, 2007. As much as I hate to take a loss, I still managed to beat the S&P 500 on this trade, since the S&P was down 54.6% over the same period.
$$$MR. MARKET$$$ beats the market once again!
Anyway, with this loser trade, my streak of 32 consecutive profitable trades of 15% or better has been broken.
This leaves me with 5 consecutive winning trades, starting with my winning trade on February 21, 2007 (that was EXM for those of you who don't remember).
I have sold off my other positions purchased prior to January 2007 to start my new streak.
The $$$MR. MARKET$$$ portfolio now has 5 open positions (AFLYY, CAE, PCP, VDSI and BOOM). I have 9 empty slots which I will fill, gradually, over the course of the year and when market fundamentals indicate that momentum is creeping back into the market.
The streak is broken but the market is not. There will be profitable opportunities ahead.
I am HUGE!
$$$MR. MARKET$$$
$$$MR. MARKET$$$ beats the market once again!
Anyway, with this loser trade, my streak of 32 consecutive profitable trades of 15% or better has been broken.
This leaves me with 5 consecutive winning trades, starting with my winning trade on February 21, 2007 (that was EXM for those of you who don't remember).
I have sold off my other positions purchased prior to January 2007 to start my new streak.
The $$$MR. MARKET$$$ portfolio now has 5 open positions (AFLYY, CAE, PCP, VDSI and BOOM). I have 9 empty slots which I will fill, gradually, over the course of the year and when market fundamentals indicate that momentum is creeping back into the market.
The streak is broken but the market is not. There will be profitable opportunities ahead.
I am HUGE!
$$$MR. MARKET$$$
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