Bought 200 MS @ 28. The market was reacting to the possibility that Bernanke may not be confirmed. I thought it is overblown. He will be confirmed, although I do not agree with him all the bailout policies. The market is oversold and a rebound is likely. But I do not believe it is undervalued. If there is a quick rebound, I will sell MS around 30. Intel is under 20 again and it becomes interesting. I may buy 200 shares if it drops below 19.50.
Closing Value: Portfolio 1 (U$): 110496
Portfolio 2 (C$): 80422
No comments:
Post a Comment