Friday, February 27, 2009

IBM stop changed

I changed my stop on IBM to 85.50. It jumped up to 91.50 today and I figured it would be a good time to move the stop to where this would at least be a break even instead of a loss of ~20% from where it sits now. If it hits 95 I'm going to consider selling it.

I HATE playing the market for the short term, but this economy is not allowing me to run any sort of long term strategy. Tell me if you have any ideas? I got into GLD/SLV to hedge inflation last year and it went crazy and has been seeing all time highs which scream bubble to me so I sold it, but I don't even feel like cash is safe since I don't completely trust the solvency of any of the brokers. Wall Street has no soul.

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