News of the Day

Thursday, April 16, 2009

General Electric (GE) and Citigroup (C)

I closed out on my General Electric (GE) position today making a modest gain.

In addition, I had a Citigroup position in which I closed out as well. The past few days of Citi's increasing stock price was largely due to a short squeeze which I profited by more than 100%. I could have held on to it longer but I do not want to be piggish.

Currently, I am sitting in cash looking for a new opportunity.

Here is this week's economic calender for your review on Yahoo! Finance. Happy trading!

No comments: