Lucky for me, I sold my SRS hedge yesterday for +2.6% profit otherwise I would have lost -2.4% (a 5 % swing).
I also sold FLIR (+9.6%), I just don't see any big risk reward profile for this stock in near term. This selling maybe early. Today, it prints another doji.
I also add NZH and FAM this week for my long term. NZH is a CA Municipal CEF with 6.8% yield after tax.
I also add FAM (global bond CEF). If the dollar keep dropping like a rock, the other currency will rise. I also think QE2 is a big mistake. US consumers have no purchasing power (aka Broke), this will only create a speculative bubble for trader.
So, My current stock holding (small position) is
MCK (Mckesson Corp) - Drug Service
URS (URS Corp) - Engineering Services
ACL ( Alcon) - Drug / Healthcare
MRK (Merck) - Drug /healthcare
Hedge:
Long term:
JNK - Junk Bond
VMO - Muni Bond Closed End Fund (CEF)
VGM - Muni Bond Closed End Fund (CEF)
NZH - Muni Bond California CEF
FAM - Global Bond CEF
Cash -- Ton of them
Please trade responsibly!
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