Closing Trade ($AAPL, $AOL)
Today, I will be closing my first trade of the year where I went long Apple ($APPL) and shorted AOL inc ($AOL). That trade is now up over 47%, not too bad right? It has certainly helped the overall portfolio which is up 11.42% (see all trades here).
Why am I closing the trade? No it’s not because I don’t believe in Apple. In fact, it’s very likely that I will open a new position with Apple (and I do still own it as one of my 3 long term speculative picks). Rather, I’m closing it because the trade is up nearly 50% and I’d like to take the opportunity to revisit it and see if I can find a better trade going forward.
Here is the chart since opening the pick on Jan 5th.
You can expect a new trade on Monday morning:)
Disclaimer: Long Apple ($AAPL)
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This entry was posted on Friday, February 27th, 2015 at 3:00 am and is filed under Free Stock Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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