Wednesday, October 08, 2008

No Bottom Yet

Every time you think it’s the bottom, the ditch seems to get bigger. I’m still doing some small trades here and there. I exited my position in Visa with a gain of 3.34%. You need plenty of ammunition on hand to take advantage of better opportunities. I added more Anheuser Bush as part of an arb play. I also initiated a position in Imclone Systems as another arb play. I did encounter one hiccup along the way; Landry’s Seafood got smacked up a bit in this credit mess. It doesn’t look like Landry’s will be bought out so it’s time to cut my losses on that one.


At October 09, 2008, Blogger Andrew said...

Hi Money Turtle,

I'm contacting you in regards to an email I sent to you about a partnership, have you had a chance to think about it?

If you would more information about the proposal, please let me know.

I look forward to hearing from you.

Kind Regards,
Andrew Knight.
Website Manager
Banking & Finance Division
Asia-Pacific Region (Australia) Pty Ltd


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