Trading Note

At the open, I blew out the shares of Elan I bought yesterday on margin.  I don’t think being on margin is a good idea right now, no matter how cheap individual stocks might be.  I still own many more shares than I want to hold long term.  Those may have to wait until the second quarter profits are announced before they fly away.  I’ll hold out for enough profit to cover my property tax bill before the next bunch goes.

hh

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: