Tuesday, September 18, 2007

The Nifty Fifty

Needless to say, I am relieved at the way the market is reacting to the Fed's "nifty fifty." I was a nervous wreck all day, considering the long positions I was holding going into the meeting. Not only did I have my current positions, I also bought BHP and PCU this morning. I took profits in a few positions and exited my real estate and financial ETF short's, ruthlessly cutting ties with them.

Tonight's research will focus on stocks to buy on a dip. All my favs are flying high, so it's tough for me to enter right now.

I'll detail my trades later today.

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