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XLF Sale

January 29, 2009 By: Mark Category: Investing

Bought 350 shares of Textron(TXT) at $9.07.

Bought 150 shares of Schwab(SCHW) at $13.63.

Bought 150 more shares of Allstate(ALL) at $23.11.

Bought 250 shares of DryShips(DRYS) at $8.90. DryShips is down over 27% today and $3.30 today. The company has announced that it has violated debt covenants and will have to sell shares to raise capital. This is a very very risky play.

Sold the rest of my Financial Spyder ETF(XLF) position at $10.00. This trade worked well.

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