Market Flogging

Trend trading in the stock market

Monday, November 27, 2006

Whack!

The market got whacked today, and I got splattered. My IRA lost over 2% today. One day can sure take care of a great month!

Three positions bit the dust - INFY, BLL and the grandfather of the portfolio finally gave it up. CXW lasted an all time best 94 trading days (actually a bit less as I don't bother adjusting for holidays) and earned 22.14%. Very well done! INFY gained 3.18% in 26 days and BLL lost 1.64% in 12 days, which happens to be the average holding period for losers. Winners are held 36 days.

The futures performed a bit better, basically breaking even on the day.

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