2012-01-31

Portfolio Update: Closed Long European Equity Position

I just closed my long European equity position that I opened in early December. Since it's a single stock position, I do not share their details, but enough should be said that in about 6-7 weeks, that position brought a net gain of close to 50%.

And we're not talking options here, so I'm quite happy with that trade, and will open it again if it corrects enough, but there's just too many positive analyst recommendations on the share now that it's up 50%. Obviously, they all rating it at "sell" when I bought it at a fire sale price.

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