Thursday, January 04, 2007

First Transactions for 2007

Yesterday, I made a couple of transactions. I sold my remaining position in Goldman Sachs (Ticker: GS) @ $200.83 generating a net gain of 14.66%. I used the proceeds from the sale to purchase J.Crew (Ticker: JCG) at $38.50 and added to Sears Holdings (Ticker: SHLD) at $169.51.

Goldman Sachs will probably go higher, but I just see more risk at this point. All the i-banks are doing great right now, but it’s a feast or famine business. I just see more potential at this point with J. Crew and Sears Holding. Time will tell…


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