Monday, December 10, 2007

Stock trading update

Tallied up my trading positions tonight.

My Canadian I Shares (EWC) are still long and strong, and I feel great about the position.

Despite all the market turmoil, I'm pleased to say that my Power Shares QQQQ trade is still positive and I'm still holding.

However, my homebuilder trades are still seriously underwater. A couple have come back up throught their 50 day moving average, and the other two look poised to do so, but nevertheless I've got substantial losses in each and every one. I should have averaged down, but by the time I decided to do so, the rally was well underway.

I'll watch a few more days as tomorrow's Fed move gets announced, and then decide if I want some more exposure to this mess.

There is such a thing as being too early....

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