I closed out all of those short term trades. I think/hope we’ve reached peak fear. All in all, I ended up with about a 2% gain on the total portfolio from those trades. In real dollars, that’s $9,000.
It worked out this time mostly as a result of luck. But it could have just as easily lost 2% of portfolio value…
Anyways, back to regular programming. I did sell Anaplan (PLAN) for $56/share because I’ve decided I want a little bit of cash in the portfolio for opportunities in my higher confidence positions.
Then of course, Wells Fargo issued an upgraded price target of $73 so I’m sure it will be up big today. Another one for the anti-Austin portfolio.