Tuesday, 22 January 2008

Couple of trades from earlier

Sold the S&P futures that I'd bought overnight for a bounce, selling at 1310 (equivalent to 1305.5 on the S&P500). Profit $820.

And covering my Coca-Cola (KO) short...paying $59.12, for a profit of $800.

I'd have liked to cover more of my shorts, but they just didn't seem to go down enough, especially after the 75bps rate cut. I'm almost tempted to increase my shorts on a few things (BBY, GS) and add shorts in SPLS and X. But if the markets go on a little rally, I expect it to lift all stocks, so I'm going to mostly leave my single name equity portfolio unchanged.


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