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!


At March 28, 2006, Anonymous Anonymous 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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