I made it even with 10 bones made through a couple of trades in this week. I kept my S&P 500 Bear+ ETF with stop loss at $31.03. Average cost price per share is around $33.70. After Timothy's bank rescue "plan", I don't think the economy will be back up anytime soon.
Think about this way for people think Novermber's low is the bottom. Usually, stock market is 6 months ahead of the actual economy, do you see the economy will rebound in April or May in 2009? I am simply not seeing any evidence for that.
Positions From last week,
Davis & Henderson Income Fund, DHF.UN: 500 shares: total cost of $7,569.95
Transactions this week,
Davis & Henderson Income Fund, DHF.UN
Feb 10, sell, 500 shares @ $14.90 - $9.95 commission
Total Cost: $7440.05
Realized Loss: $7440.05 - $7569.95 = -$129.90 (-1.72%)
S&P/TSX Capped Energy Bear Plus ETF, HED
Feb 10, Buy, 150 shares @ $17.10 + $9.95 commission
Total Cost: $2,574.95
Feb 11, sell, 150 shares @ $18.17 - $9.95 commission
Total Cost: $2,715.55
Realized Loss: $2,715.55 - $2,574.95 = $140.60 (5.46%)
S&P 500 Bear Plus ETF, HSD
Feb 10, Buy, 100 shares @ $33.90 + $9.95 commission
Total Cost: $3,399.95
Feb 11, Buy, 100 shares @ $33.30 + $9.95 commission
Total Cost: $3,339.95
Total Cost: $3,399.95 + $3,339.95 = $6739.90
Trading Gain/Loss from this week: $10.70
Year-to-date Trading Profit: $2736.70