Monday, March 27, 2006

Sold Leucadia National Corp.

I'm usually a buy and hold investor, but once in a while I catch the short term trading bug. Today, I decided to sell Leucadia National Corp (Ticker: LUK). This stock was purchased on March 13th @ $55.37 and was sold today @ $59.39, generating a 6.27% return over a two week period. I may jump back in if it pulls back a bit, but in the mean time I'm going to look for some longer term holds. It's time to get over this short term trading bug!

2 Comments:

At March 28, 2006, Anonymous klauss said...

I am tempted on that stock as well, but it has received a lot of attention lately. They sold their holdings of Level 3 a little shy too.

 
At March 29, 2006, Blogger Money Turtle said...

You really have to do your homework on this company. Management doesn't say a thing... Just check out their corporate website and you know what I'm talking about.

 

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