AceTrader

This site was designed to communicate with friends who share similar interest. The interest in the "free market". Stocks, over the long term, provide the best return on your money. More than cash, bonds and even real estate. Understand that investing is a learning process. We will learn from our mistakes and move on. This is a journey. Enjoy the ride!

About Me

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Location: Bayside, New York, United States

My love for the market began in 1987 when I first opened a brokerage account with Fidelity Investments. You know what happened back in 87'. "Black Monday", the market crashed. My initial $ went down fast. Thus began my thirst for the challenge to make it in the market. Although I have science background, my Bachelors degree is in Economics from Washington University (great school). I also have earned an MBA in Finance from Fordham University, New York. Although I am registered as an "investment advisor" with the NASD, any information in this blogger is not intended for any business use.

Tuesday, August 08, 2006

Selling PRZ

I got up early this morning. This will be a quick note.

I get this feeling where the market has a good chance to fall no matter what Mr. Bernanke does this afternoon. Thus, I have to get my ammos ready for some buying soon. I have decided to sell my remaining shares of PRZ this morning. I still think PRZ can go higher but I am taking +51.18% gain on PRZ off the table for now. Who knows, I might be able to buy this back at a discount. Bottom line: Selling PRZ this morning.

Market will move up if Mr. Bernanke some how signal that rate hike will be over. This is a possibility too. In the end, I don't care - I just want to buy things in my shopping list at the right price. Have a productive day!

posted by Jaewoo | 6:57 AM

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