Monday, February 6, 2012

Buying Dips

I'm still convinced that we are in a bull market.
Two trades today.
1. Added to ARM Holding (ARMH) position. Stock was down more than 3% today on no news. I am still convinced that ARM CPUs are the future. Of course, they are already used in hudreds of millions, if not in billions, devices.
2. Opened hedging position in Euro ETF (FXE). I have some expenses coming denominated in Euros. I like the current exchange rate and want to lock it
Disclosure: long ARMH, FXE.
Additional disclosure: Positions can change any time.

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