Fusion Portfolio Trade
October 28, 2008 12:43 am by Dean Morel
The Fusion Portfolio is making the following trade at today’s close of US markets, Monday 28th October.
Selling the portfolio’s entire position in SPY, 2000 shares.
Buying 4,000 ULPIX, Ultra Bull Fund.
Due to the continuing strength of the US dollar the portfolio will record only a small loss of around 5% on the SPY position. This compares to the almost 17% drop of the SPY and 14% fall on STW.AX, the Australian S&P ASX200 index.
I will be writing a full portfolio update at the end of the month and will include my reasons for the trade then, if not before.
More on this topic
(What's this?)
Added More SPY Exposure
(My Trader's Journal, 2/3/12)
Added SPY & IWM Naked Puts
(My Trader's Journal, 1/26/12)
ETF Trader Talk: S&P 500 Hits Ceiling, Backslides (SPY, IVV)
(Wall Street Sector Selector, 2/1/12)
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