Tuesday, January 25, 2011

Cut em loose

I'm done with this BAC drama, it's like a bad relationship for me, I just can't let go. I was sitting pretty now my profits are down but still above 25% on the position. I won't let them get below that. I won't.

In hindsight the smart idea instead of writing a dumbass post about BAC DEFENSE I should have had the inclination to buy short term just out of the money put options when the earnings came in as horrendous as they did. Now we all must pay for my investment sins because had I done that the stock would have stayed put.

I am not letting this position become a loser. Like a 6th grader in the war against drugs and strangers, I will just say no.

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