XLF Sale

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.

Comments

  1. How many ETF(XLF) shares did you sell?

  2. avatarMark says:

    @mortgage guide
    I sold 1,000 total.

  3. Are you still holding DRYS? I may be interested once it hits $3.

  4. avatarMark says:

    No I sold at $6.00. I didn’t like the downward movement.

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