Tuesday, April 29, 2008

Bookkeeping: Taking Profits in Mastercard (MA)

Posted by TraderMark at 11:06 AM TweetThis
This is one of my favorite business models, but with a gap so wide in the chart, I simply am going to take a large profit off the table here and buy it back on the inevitable pullback.

I only have about a 1.2% stake with today's jump of 10%+, but I am going to cut 80% of my stake around $267 and buy back later in the $240s or lower.

Long Mastercard in fund; no personal position

Posted by TraderMark at 11:06 AM Comments (2) | Edit This Post | Create A New Post

Labels:

2 comments:

Sheng said...

Good call. Nice profit on this one. Will buy back.

How about shorting the Dow into the Fed Meeting? DOG

April 29, 2008 11:24 AM  
TraderMark said...

The Fed meetings are completely bipolar events in which I have zero advantage. Just like an earnings report. We could be up 3% or down 3% within 24 hours of the Fed. Since I have no idea, nor does anyone, its better to place a bet on black or red at your local casino.

April 29, 2008 11:37 AM  

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix