Financial Friday #7

This was a week ended on a huge down note for financials. A lot of the stocks I follow are financials which means absolutely nothing. The key is that you can make money in and up or down market. So long as the market is moving you can make money. Last week we saw a lot of consolidating in for Financials. With the major trend in the market being down I decided to take a short position.

I shorted 81 shared of Hartford Insurance Group (HIG) at $11/share Tuesday. I was able to cover at 1pm today at $5.96 a share for a profit of about $5/share. As John “Hannibal” Smith is fond of saying “I love it when a plan comes together”.

Now is a great time to buy there are some great deals out there and I am looking forward to riding the bounce next week. I am looking for BAC, HIG, ABK and MBI to rebound next week.



Current balance: $1272

Disclaimer: I am a dog. I am not responsible for any investment decisions you make. Come on if you are reading a dog’s ODD to get ideas for you portfolio you have issues. I do not recommend using any of the information to make any investment decisions. Basically I am not responsible for your money. Do what you want but I have no responsibility here. Come on I am a dog. I don’t think you can even sue a dog. The information provided on this site is not financial advice and I am not a financial professional. This is a journal that details my investments, strategy, and analysis for personal use. Feel free to read at your own risk