Portfolio Changes 5/19/6
May 19th, 2006 by 
reality
Got tired of waiting for the bounce, so I added some SPX puts. I hate selling into an already oversold condition (NDX 5-day RSI is only 17), but the possibility of a steep decline can’t be ruled out given the inability to mount a rally so far. There are still long positions to be exited after a suitable rally so there is room for gains still if this does the “right” thing, that is, rallies and then fails. Also sold a little PWI to raise cash for expenses.
Posted in * Portfolio changes | 