PennyStocks is better than S&P today, but there is no big difference (+0.50% vs. +0.25%). Market was essentially flat today, with slight negative bias. Decent weight in VG helped us to nicely increase our unrealized gain share and outperform S&P.
We liquidated WSTL (34% profit), reduced ULU by 1/2 (10% profit), and booked almost 100% gain from ½ of PRXI.
Overall, not a bad day, but markets are still in indecision mode. Feels like bulls and bears are both exhausted and want some time to think whose game is next. I stick to my initial plan – reduce both, long positions and SDS hedging, with more aggressive SDS reduction. Recently SDS became a burden for us. I would rather stay in cash now and when the market decides where it goes next, support this move with enough cash.
No comments:
Post a Comment