Friday I closed out all positions in one account, many of these positions were closed early, there is still more profit to be taken on them. I needed to raise capital for some expenses, that simple. I will re-open these positions on Monday, if the room for profit still exists barring any gaps.
I will be looking to re-enter WY long, DRI short, and NIHD short. I am still holding GWW short, I did not take profit on that position, for it is still pretty much flat. So, as of this weekend, I am about 99% cash in one account, and 75% cash in the other. The second account still holds DRI short, up about 20%, GWW short, in some draw-down, NIHD short, about even.
Last week, I played the follwoing securities, to re-cap the week:
ACM
QQQQ
GILD
CNQ
BUCY
HOT
NYX
DE
DRI
NIHD
WY
I got a 2% return on the account this week, the most capital utilized (actively in play) was approximately 10-15%.
Have a good weekend!
Somethings never change in Wall Street...
1 hour ago